Walter Energy expects lower 4th-quarter met coal prices

Nov 03, 2011 | 05:53 PM | Lisa Gordon

Tags  coal, coke, Walter Energy, quarterly earnings results, metallurgical coal prices, Lisa Gordon

PITTSBURGH — Walter Energy Inc.’s quarterly earnings slipped amid lower volumes from its recently acquired Canadian operations, with metallurgical coal sales prices forecast to fall in the fourth quarter after posting third-quarter gains.

The Birmingham, Ala.-based metallurgical coal and coke producer and exporter posted a 44-percent drop in third-quarter net income to $76.2 million despite sales that rose 48.6 percent to $690.1 million.....

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