BNET Industries
Market Cap:$70.7M
Last Fiscal Year Sales:$504.2M
- Public
- US
Dow Jones Description
For Westmoreland, black gold means coal. Founded in 1854 and headquartered in Colorado Springs, CO, Westmoreland Coal Company (AMEX: WLB) is a coal producer. The company makes about 30 million tons of coal a year, and has proven and probable reserves of about 485 million tons. It has about 5 mines in Montana, North Dakota, and Texas. It also has interests in power plants in Colorado and North Carolina. The company has annual revenues of about $374 million and employs about 1,052 people. In 2006, it sold its coal bed methane property.
Number of Employees 1,052
Contact Information
Two N Cascade Ave 14th Fl
Colorado Springs, Colorado 80903
(719) 442-2600
Peer Companies
NAICS Code Bituminous Coal and Lignite Surface Mining: 212111
Recent Events
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Westmoreland Coal WLB Appoints Richard M. Klingaman as Chairman
News & Analysis
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westmoreland coal co. - All News and Analysis
COMPANY SHAKES UP EXECS AMID SEC PROBE
- 2008-04-03
Westmoreland Coal Co. replaced its chief financial officer Wednesday and promoted three other executives to new accounting posts in the wake of two earnings restatements in 16 months. The move comes two days after the company told stockholders it is being investigatted by the Securities and Exchange...
SEC IS INVESTIGATING ACCOUNTING ERRORS
- 2008-04-01
Federal securities regulators are investigating Westmoreland Coal Co. for accounting errors that have forced the company to revise its earnings twice in the past 16 months. The Colorado Springs-based company revealed the probe Monday in a filing with the Securities and Exchange Commission that also disclosed that...
Westmoreland Completes Restatement; Reports Results for the Third Quarter of 2007; Extends Filing Date of Form 10-K for Year Ended December 31, 2007; Closes Roanoke Valley Project Refinancing
- 2008-03-17
COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX: WLB) reported today that it had completed the previously announced restatement to correct errors in the amounts recorded for the Company's post-retirement medical benefit obligations and related expenses, its stock-based compensation expense and its state income taxes. The Company has filed its...
Westmoreland Coal Company Signs Agreement with NRG Texas
- 2007-10-01
COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX:WLB) announced today that the Company's Texas Westmoreland Coal Co. subsidiary ("Texas Westmoreland") has entered into a new agreement with NRG Texas, LLC to continue to supply lignite from the Company's Jewett Mine to NRG Texas' Limestone Electric Generating Station.
Westmoreland Coal Company Redeems Washington Group International's Interest in Absaloka Mine
- 2007-10-01
COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX:WLB) announced today that its 80% owned subsidiary, Westmoreland Resources, Inc. ("WRI"), has redeemed Washington Group International's ("WGI") 20% ownership interest in WRI, which owns and operates the Absaloka Mine. The redemption leaves Westmoreland as the sole shareholder in WRI.
Westmoreland Coal Company Completes Sale of Power Operation and Maintenance Businesses
- 2007-08-23
COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX:WLB) announced today that it closed the sale of its power operation and maintenance businesses to North American Energy Services NAES on August 22, 2007. Included in the sale were operation and maintenance contracts for four power plants owned by Dominion Resources (Altavista,...
Colorado-based Westmoreland Coal Co. reports first quarter earnings
- 2006-06-09
Westmoreland Coal Co. has reported first quarter 2006 pre-tax earnings of $7.6 million.
Westmoreland Coal Company Closes Sale of Coal Bed Methane Property
- 2006-03-03
COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX: WLB) announced today that the sale of North Central Energy Company's undivided mineral interests in two leases in southern Colorado, previously announced on February 9, 2006, has closed as of March 1, 2006. An independent oil and gas company purchased the mineral...
Texas Westmoreland Coal Co. and Customer Reach Agreement
- 2005-09-27
COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX: WLB) announced today that its subsidiary, Texas Westmoreland Coal Co., and Texas Genco II, LP, have agreed to modify certain terms of their existing coal supply arrangements.
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