Press Release: Rhino Resource Partners : Rhino Resource Partners LP Announces Third Quarter 2019 Financial and Operating Results

LEXINGTON, KY, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Rhino Resource Partners LP (OTCQB: RHNO) ("Rhino" or the "Partnership") announced today its financial and operating results for the quarter ended September 30, 2019. For the quarter, the Partnership reported a net loss of $51.7 million and Adjusted EBITDA of ($5.8) million, compared to a net loss of $4.5 million and Adjusted EBITDA of $4.2 million in the third quarter of 2018. Approximately $38.6 million of asset impairment charges related to the sale of Pennyrile impacted the net loss for the quarter ended September 30, 2019. Diluted net loss per common unit was $3.63 for the quarter compared to diluted net loss per common unit of $0.40 for the third quarter of 2018. Total revenues for the quarter were $42.3 million, with coal sales generating $41.8 million of the total, compared to total revenues of $60.0 million and coal revenues of $59.3 million in the third quarter of 2018. (Refer to "Reconciliations of Adjusted EBITDA" included later in this release for reconciliations to the most directly comparable GAAP financial measures).