Xinergy Ltd. Announces Third Quarter 2011 Operating Results

Xinergy Ltd. (TSX:XRG) announced its Q3 2011 operating results.

As quoted in the press release:

Coal sales increased 29% to $48.7 million on 532,000 tons sold during the 2011 third quarter compared to $37.7 millionon 434,000 tons sold during the 2010 third quarter.

Xinergy’s Chairman and CEO, Jon E. Nix said:

“We are pleased to report continued operating momentum in our third quarter 2011 results, during which we generated Adjusted EBITDA of $12.2 million, equating to a 25% Adjusted EBITDA margin on coal sales of $48.7 million.”

Click here to read the Xinergy Ltd. (TSX:XRG) press release.