By Tampa Bay Business Journal

Walter Energy reported net income of $116.1 million, or $2.16 a share, for the three months ended June 30, compared with net income of $11.1 million, or 21 cents a share, for the same period a year earlier.

Total revenue for the second quarter of 2010 was $410.6 million, compared with $169.1 million a year earlier.

The coking coal operation posted record results in the second quarter, the company said in a release, citing robust demand, improved pricing and additional coking coal production.

Walter Energy (NYSE: WLT), headquartered in Tampa, produces and exports premium hard coking coal for the global steel industry, and also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas.

Copyright 2010 American City Business Journals
Copyright 2010