Oxford Resource Partners Earnings: Here’s Why Investors are Not Happy Now

Oxford Resource Partners, L.P. (NYSE:OXF) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.93%.

Oxford Resource Partners, L.P. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.21 in the quarter versus EPS of $-0.07 in the year-earlier quarter.

Revenue: Decreased 4.17% to $88.12 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Oxford Resource Partners, L.P. reported adjusted EPS loss of $0.21 per share. By that measure, the company beat the mean analyst estimate of $-0.24. It beat the average revenue estimate of $88.05 million.

Quoting Management: “We successfully completed our refinancing in June which greatly increases our financial flexibility,” said Oxford’s President and Chief Executive Officer Charles C. Ungurean. “By extending the maturity of our debt and increasing availability under our revolver, we have enhanced our liquidity, giving us a runway to execute our strategic plan. We continue to focus on increasing productivity across our operations and, with our improved liquidity, are in a stronger position to participate when coal markets improve.”

Key Stats (on next page)…

Revenue decreased 0.69% from $88.73 million in the previous quarter. EPS decreased to $-0.21 in the quarter versus EPS of $-0.31 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.23 to a loss $0.22. For the current year, the average estimate has moved down from a loss of $0.88 to a loss of $0.99 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)