News Column

Armstrong Energy, Inc. Announces Results For The Three Months And Six Months Ended June 30, 2014

August 29, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- Armstrong Energy, Inc. ("Armstrong") reported coal sales revenue of $116.3 million for the three months ended June 30, 2014, compared to $101.2 million for the three months ended June 30, 2013. Coal sales increased 0.2 million tons to 2.5 million tons in the second quarter of 2014, as compared to the same period of the prior year. Average sales price per ton in the three months ended June 30, 2014 was $46.98 per ton, as compared to $45.18 for the same period of the prior year. Operating income and adjusted earnings before interest, taxes, depreciation, depletion and amortization ("Adjusted EBITDA") for the second quarter of 2014 was $3.9 million and $16.4 million, respectively, as compared to operating income and Adjusted EBITDA for the second quarter of 2013 of $4.0 million and $15.7 million, respectively.

For the six months ended June 30, 2014, Armstrong had revenue of $227.2 million compared to $202.5 million for the six months ended June 30, 2013. Coal sales increased 8.5% to 4.8 million tons in the six months ended June 30, 2014, compared to 4.5 million tons in the same period of the prior year. Average sales price per ton in the six months ended June 30, 2014 was $47.01 per ton, as compared to $45.45 for the same period of the prior year. Operating income and Adjusted EBITDA for the six months ended June 30, 2014 was $6.7 million and $32.2 million, respectively, as compared to operating income and Adjusted EBITDA for the six months ended June 30, 2013 of $5.9 million and $29.3 million, respectively.

Three months ended Six months ended

Keywords for this news article include: Armstrong Energy Inc.

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Source: Energy Weekly News


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