The company posted sales of $127.2 million for the month, along with almost $649,000 in “other revenues”
On top of that, it had operating costs and expenses of $119 million.
However, after factoring in other costs such as depreciation, depletion and amortization, asset retirement obligation expense and restructuring and impairment charges, it finished with an operating loss of $15.4 million.
Interest payments, debtor-in-possession financing fees and reorganization items pushed that to the net loss of $26.6 million.
The company reported it had received the full proceeds from its $375 million term loan under its DIP financing.
As at April 30, it had $185 million in cash and cash equivalents and $50 million in a cash collateral account.
In comparison, at the end of February Patriot had $242 million in cash but reported an operating loss of $37.9 million and a net loss of 47.1 million for the month.
Patriot Coal filed for Chapter 11 protection on July 9 2012.
The outcome of the bankruptcy hearing is due on or before May 29.
