Westmoreland Cuts Q3 EBITDA Guidance - Quick Facts

(RTTNews) - Westmoreland Coal Co (WLB) Friday slashed its EBITDA guidance for third quarter, citing partly inclement weather.

The company now expects third-quarter EBITDA of $40 million to $45 million, compared to previous guidance of $55 million to $60 million.

"The third quarter decrease has been driven by severe weather that temporarily impacted our ROVA power plants and North Dakota operations. The third quarter was also impacted by timing differences between quarters. We are still comfortable reaffirming our full year guidance," said CEO Keith Alessi, Westmoreland's Chief Executive Officer.

Westmoreland affirmed its guidance for full year 2014, which was $172 million to $190 million.