Foresight Energy Q2 Profit Rises

(RTTNews) - Foresight Energy LP (FELP) posted second quarter net income of $30.85 million, up from $14.17 million in the comparable quarter last year. Net loss subsequent to initial public offering per limited partner unit was $0.03.

Operating income for the latest second quarter was $66.17 million, compared to $41.93 million last year.

Coal sales for the quarter rose to $266.68 million from $215.93 million in the prior year period.

Foresight also announced that the Board of Directors of its general partner approved a pro rata quarterly cash distribution for the second quarter 2014 of $0.030 per unit. The pro rata distribution is for the 8 days the Partnership was public during the second quarter and is payable on August 29, 2014, for unitholders of record on August 15, 2014.