During the corresponding time, Westmoreland Resource Partners, Lp recorded a revenue increase by 0.41 % year on year, sequentially revenue grew by 21.29 %. While revenue at the Westmoreland Resource Partners, Lp's corporate clients
Westmoreland Resource Partners Lp's Comment on Sales, Marketing and Customers
We derived approximately 67% of our revenues from coal sales to three customers:
PacifiCorp Energy, Inc. (34%), American Electric Power Company, Inc. (23%) and
East Kentucky Power Cooperative (10%). We sell the majority of our tons under
contracts with a weighted average remaining supply obligation term of approximately
four years.
Cadiz, Tuscarawas, Belmont, New Lexington, Noble, Plainfield, Muhlenberg and Tusky
(collectively, the "Ohio Operations") supply coal under long-term supply
contracts to two significant customers, American Electric Power Company, Inc.
and East Kentucky Power Cooperative. The AEP contract has an expiration date of
December 31, 2018 and payments are based on a fixed-base price per ton of coal
to be delivered with adjustments based on quality measurements. The customer has
an obligation to purchase a minimum of 750 thousand tons in 2018. There are multiple
contracts with EKPC that have expiration dates ranging from March 31, 2019 to
December 31, 2020. Payments under these contracts are based on a fixed-base price
per ton of coal to be delivered with adjustments based on quality measurements.
Sources:
Westmoreland Resource Partners, Lp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Westmoreland Resource Partners, Lp’s corporate clients.
For your research, we’ve provided 9 tables on Westmoreland Resource Partners, Lp corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
