Walter Energy Q4 Loss Narrows, Revenue Plunges - Quick Facts

(RTTNews) - Walter Energy, Inc. (WLT) Tuesday said its fourth-quarter net loss narrowed to $128.1 million, or $1.83 per share from $174.3 million, or $2.79 per share, in the fourth quarter of 2013.

Adjusted net loss was $1.97 per share, while it was a loss of $1.02 per share last year. On average, 12 analysts polled by Thomson Reuters expected a loss of $1.59 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenues plunged to $285.6 million from $472.0 million, reflecting decreases in average met coal selling prices and met coal sales. Analysts expected revenues of $326.55 million.

The company expects met coal sales to total 8.5 to 9.0 MMTs in 2015.