Walter Energy

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Walter Energy Sees ‘Same Assets and Corporate Structure’ in Bankruptcy Reemergence

Molly Christian for SNL: Alabama-based coking coal producer Walter Energy Inc. hopes to emerge from Chapter 11 bankruptcy protection as a going concern but only if it can “materially reduce” its labor costs, the company said. Walter filed a reorganization plan Aug. 26 with the U.S. Bankruptcy Court for the Northern District of Alabama. The […]

August 28, 2015 Read More →

Analysts Ponder Which Coal Company Will Be Next to Go Bankrupt

Zacks Equity Research: One wonders what’s next in the coal industry after two primary metallurgical coal producers – Walter Energy, Inc. WLT and Alpha Natural Resources, Inc. ANR – have been delisted from the New York Stock Exchange due to “abnormally low” traded share prices. Walter Energy has even filed for bankruptcy protection. Depressed due […]

July 23, 2015 Read More →

Coal Miner Walter Energy Files for Bankruptcy

From Reuters: Coal miner Walter Energy Inc filed for bankruptcy protection on Wednesday after struggling with a steep fall in coal prices since 2011. The Birmingham, Alabama-based company said its U.S. units have filed for a prepackaged Chapter 11 bankruptcy protection, but its other operations including those in Canada and the UK are not included […]

July 15, 2015 Read More →