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Patriot Coal Sales Lower As Consumers Use More Natural Gas
May. 08, 2012 03:32PM PST
Industrial MetalsReuters reported that Patriot Coal (NYSE:PCX) is anticipating lower 2012 coal sales due to an increase in natural gas use.
Reuters reported that Patriot Coal (NYSE:PCX) is anticipating lower 2012 coal sales due to an increase in natural gas use.
As quoted in the market news:
Patriot Coal said it expects full-year sales volume of 25 million tons to 27 million tons, lower than 31.1 million tons it sold last year.