Westmoreland Coal’s Losses Grow
Reported by Staff
COLORADO SPRINGS - Westmoreland Coal Co.’s losses more than tripled during the third quarter from a year earlier as a result of unexpected outages at power plants owned by two of its largest customers, combined with a planned outage at its North Carolina power plant.
The Colorado Springs-based energy company reported its losses for the quarter jumped to $12.4 million, or $1.21 a share, from $3.49 million, or 37 cents a share, in the same quarter a year earlier. Revenue fell 20.5 percent to $112.4 million during the same period. For the first nine months of the year, the company cut its losses a fifth to $26.4 million, or $2.68 a share, from $33.2 million, or $3.50 a share, a year ago despite a 12.3 percent drop in revenue to $339 million.
Thank you Govenor Ritter for helping place Colorado among the Nations leaders in Renewable energy! 
Thank you for the leadership. I was thrilled when we approved a 10% renewable energy standard, ecstatic when Xcel ...
The key point is their is a 90 yeear supply supply gas in the lower 48 ALONE.
This doesn't take ...
Cogeo - thanks for the comprehensive comment. You're prolific, indeed; however, overall, we just don't see the doomsday scenario for ...
Projections of reserves and years of consumption are historically wrong. Reserve estimations are more important in pumping up stock ...