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Murray Energy to purchase controlling stake in Foresight Energy

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25 March 2015

Murray Energy to purchase controlling stake in Foresight Energy

Report summary

On 16 March 2015, Murray Energy agreed to purchase a controlling interest in Foresight Energy for US$1.395 billion in consideration. The agreement includes a 50% limited interest in Foresight Energy LP, an 80% voting interest in Foresight Energy GP, a 77.5% interest in incentive distribution rights of the general partnership, and access to certain logistical assets. This deal would place the combined company into the top five largest US coal producers. 

Table of contents

  • Executive summary
  • Location map
  • Deal summary
  • Deal assets
  • Deal analysis
    • Coal markets pose the greatest risk
      • Combined company deliveries to EGUs by contract length in years
      • Strategic rationale
      • Economic assumptions

Tables and charts

This report includes 9 images and tables including:

  • Key facts
  • Murray Energy to purchase controlling stake in Foresight Energy: Image 1
  • Marketable reserves at 01/01/2015 (Mst)
  • Wood Mackenzie valuation sensitivities
  • Reserve valuation metrics
  • Murray Energy and Foresight Energy deliveries by state
  • Henry Hub versus select delivered coal prices into the SAT region
  • Murray Energy to purchase controlling stake in Foresight Energy: Image 4
  • Murray Energy to purchase controlling stake in Foresight Energy: Table 5

What's included

This report contains:

  • Document

    Murray Energy to purchase controlling stake in Foresight Energy

    PDF 444.72 KB

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