CNX Coal Resources LP Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2016; Reports Production Results for the Third Quarter Ended September 30, 2016; Provides Earnings Guidance for the Year 2016
The company also reported production results for the third quarter ended September 30, 2016. Coal Production of 1.5 million tons against 1.5 million tons for the same period last year. Coal sales of 1.5 million tons against 1.4 million tons for the same period last year.
Based on the results to date, the company's expectations for the remainder of 2016, and to reflect its expanded ownership interest (on a 25% basis) in the PAMC, the company updated previously announced guidance ranges for 2016 as follows: the company expects adjusted EBITDA of $74 million to $82 million. Maintenance capital expenditures is expected to be $15 million to $19 million. Coal sales is expected to be 5.9 million tons to 6.1 million tons.