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News Breaks | | | | October 29, 2012 | | 08:12 EDT |  | OXF | Oxford Resource Partners reduces Q3 dividend to 20c
Oxford Resource Partners declared a reduced cash distribution of 20c per common unit for its third quarter and determined that no cash distribution will be paid on its subordinated units. The common units distribution will be paid on November 14 to all common unitholders of record as of the close of business on November 8. As reported in its second quarter earnings release, by the end of 2012 Oxford Resource expected to receive $10M-$15M in proceeds from the sale of excess equipment from its Illinois Basin operations, which would provide additional liquidity for operations and allow the Oxford Resource to make the third quarter distributions out of operating cash flows. However, it has determined it likely will not obtain acceptable value for the assets by the end of 2012. Therefore, Oxford Resource has elected to reduce the common units distribution and suspend the subordinated units distribution to preserve liquidity until its liquidity can be enhanced with funds generated from operations and/or proceeds from the sale of excess assets at acceptable values. | |
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News For OXF From The Last 14 Days Check below for free stories on OXF the last two weeks. |
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| May 15, 2013 | | 07:06 EDT |  | OXF | Oxford Resource Partners sees FY13 production 6M-6.5M tons
Expects to sell between 6.4M-6.9M tons of thermal coal in FY13. The average selling price is expected to be $50.50 per ton to $52.50 per ton, with an anticipated average cost of $42.85 per ton to $44.85 per ton. Sees FY13 CapEx $22M-$25M. Sees FY13 adjusted EBITDA $45M-$50M. | | | 07:06 EDT | | OXF | Oxford Resource reports Q1 EPS (31c), may not be comparable to consensus (21c)
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