Edition:
India

Arch Coal Inc (ARCH.K)

ARCH.K on New York Consolidated

31.72USD
7 Aug 2020
Change (% chg)

$0.13 (+0.41%)
Prev Close
$31.59
Open
$31.09
Day's High
$32.07
Day's Low
$30.74
Volume
227,930
Avg. Vol
457,710
52-wk High
$89.42
52-wk Low
$21.80

Latest Key Developments (Source: Significant Developments)

Arch Resources Reports Q2 Loss Per Share $3.26
Tuesday, 28 Jul 2020 

July 28 (Reuters) - Arch Resources Inc ::ARCH RESOURCES REPORTS SECOND QUARTER 2020 RESULTS.Q2 LOSS PER SHARE $3.26.Q2 REVENUE $319.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $287.3 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $-2.55 -- REFINITIV IBES DATA.TO DATE, ARCH AND ITS SUBSIDIARY OPERATIONS HAVE HAD A TOTAL OF 14 EMPLOYEES TEST POSITIVE FOR VIRUS.  Full Article

Arch Coal Reports Q1 Loss Per Share $1.67
Thursday, 23 Apr 2020 

April 23 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. REPORTS FIRST QUARTER 2020 RESULTS.Q1 LOSS PER SHARE $1.67.Q1 EARNINGS PER SHARE ESTIMATE $-1.13 -- REFINITIV IBES DATA.Q1 REVENUE $405.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $406.5 MILLION.SEES 2020 CAPITAL EXPENDITURES $280.0 MILLION - $300.0 MILLION.SAYS SUSPENDING VOLUME AND COST GUIDANCE FOR 2020.  Full Article

Arch Coal Says Matthew C. Giljum Will Become Its Chief Financial Officer, Effective April 30
Tuesday, 24 Mar 2020 

March 24 (Reuters) - Arch Coal Inc ::ARCH COAL INC - MATTHEW C. GILJUM WILL BECOME ITS CHIEF FINANCIAL OFFICER, EFFECTIVE APRIL 30.ARCH COAL INC - JOHN DREXLER IS CURRENTLY CFO AND GILJUM IS CURRENTLY ARCH'S TREASURER AND VICE PRESIDENT OF FINANCE.  Full Article

Arch Coal Inc Announces Executive Succession Plan
Friday, 28 Feb 2020 

Feb 28 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. ANNOUNCES EXECUTIVE SUCCESSION PLAN.ARCH COAL INC - JOHN W. EAVES WILL RETIRE AS ARCH'S CHIEF EXECUTIVE OFFICER AT CORPORATION'S ANNUAL MEETING ON APRIL 30.ARCH COAL INC - JOHN W. EAVES WILL ASSUME POSITION OF EXECUTIVE BOARD CHAIR.ARCH COAL INC - PAUL LANG WILL SUCCEED EAVES AS CEO AND IS JOINING BOARD.  Full Article

Peabody And Arch Announce Intent To Continue Pursuit Of Highly Synergistic Joint Venture
Wednesday, 26 Feb 2020 

Feb 26 (Reuters) - Arch Coal Inc ::PEABODY AND ARCH ANNOUNCE INTENT TO CONTINUE PURSUIT OF HIGHLY SYNERGISTIC JOINT VENTURE TO CREATE VALUE FOR CUSTOMERS AND SHAREHOLDERS.PEABODY - ANNOUNCEMENT FOLLOWS SPLIT DECISION BY U.S. FTC THAT ADVANCES PROCESS TO LEGAL SYSTEM.PEABODY - PROPOSED JV PROMISES TO ENHANCE COST-COMPETITIVENESS OF THERMAL OPERATIONS.PEABODY - PEABODY & ARCH INTEND TO LITIGATE FTC'S DECISION WITHIN U.S. FEDERAL COURT SYSTEM OVER COMING MONTHS.PEABODY - OWNERSHIP OF JV WOULD BE STRUCTURED WITH PEABODY OWNING 66.5 PERCENT AND ARCH OWNING 33.5 PERCENT.PEABODY - IF CONSUMMATED, JV IS EXPECTED TO REALIZE ANNUAL SYNERGIES OF $120 MILLION OVER AN INITIAL 10-YEAR PERIOD.PEABODY - TRANSACTION INCLUDES SEVEN OF COMPANIES' MINES.PEABODY - ADDITIONAL ASSETS IN DEAL INCLUDE CABALLO, RAWHIDE AND COAL CREEK MINES IN WYOMING ALONG WITH WEST ELK AND TWENTYMILE MINES IN COLORADO.  Full Article

Arch Coal, Inc. Reports Fourth Quarter And Full Year 2019 Results
Thursday, 6 Feb 2020 

Feb 6 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 LOSS PER SHARE $0.57.Q4 REVENUE $549.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $496.7 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.23 -- REFINITIV IBES DATA.EXPECTS TO INVEST $220 MILLION AT LEER SOUTH DURING 2020 AND EXPECTS LONGWALL MINING TO COMMENCE IN Q3 OF 2021.ARCH COAL - BOARD HAS APPROVED AN 11 PERCENT INCREASE IN ITS QUARTERLY DIVIDEND, BRINGING THE QUARTERLY CASH DIVIDEND PAYMENT TO $0.50 PER SHARE.SEES FY 2020 CAPEX $300.0 MILLION - $320.0 MILLION.SEES FY 2020 TOTAL SALES VOLUME 82.8 MILLION TONS - 87.2 MILLION TONS.  Full Article

Arch's Mountain Laurel Mine Discontinues Longwall Operations Three Months Early
Friday, 15 Nov 2019 

Nov 15 (Reuters) - Arch Coal Inc ::ARCH'S MOUNTAIN LAUREL MINE DISCONTINUES LONGWALL OPERATIONS THREE MONTHS EARLY, ACCELERATES TRANSITION TO A ROOM-AND-PILLAR MINE.ARCH COAL INC - MOVE IS EXPECTED TO REDUCE ARCH'S Q4 COKING COAL VOLUMES BY BETWEEN 150,000 AND 200,000 TONS.ARCH COAL INC - MOVE IS EXPECTED TO REDUCE Q4 OPERATING RESULTS BY APPROXIMATELY $20 MILLION VERSUS PREVIOUS EXPECTATIONS.ARCH COAL INC - ONCE REMOVED FROM MINE, LONGWALL SYSTEM WILL BE REFURBISHED AND RELOCATED TO LEER SOUTH MINE.ARCH COAL - MOUNTAIN LAUREL'S COST STRUCTURE SHOULD DECLINE BY AROUND $10 PER TON WHEN COMPARED TO ITS AVERAGE CASH COST IN FIRST NINE MONTHS OF 2019.ARCH COAL INC - NO CHANGES IN MINE'S WORKFORCE ARE ANTICIPATED.  Full Article

Arch Coal Says Unit Entered Into Agreement To Sell Its Coal-Mac Thermal Surface Mine In West Virginia For $10 Million
Tuesday, 29 Oct 2019 

Oct 28 (Reuters) - Arch Coal Inc ::ARCH COAL - ON OCT 23, UNIT ENTERED INTO AGREEMENT TO SELL ITS COAL-MAC THERMAL SURFACE MINE IN WEST VIRGINIA FOR A TOTAL PURCHASE PRICE OF $10 MILLION.ARCH COAL INC - TRANSACTION IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON ARCH’S 2020 FINANCIAL RESULTS.ARCH COAL INC - OUT OF TOTAL PURCHASE PRICE, $2.5 MILLION WILL BE PAID AT CLOSING.  Full Article

Arch Coal Says Q3 Earnings Per Share $6.34
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Arch Coal Inc ::SEES 2019 TOTAL SALES VOLUME 86.7 MILLION TONS -92.1 MILLION TONS .REDUCING PER-TON CASH COST GUIDANCE TO $10.60-$10.80 FOR 2019 FOR POWDER RIVER BASIN .ARCH COAL - REAFFIRMING COKING COAL VOLUME GUIDANCE OF 6.7-7.1 MILLION TONS; COST GUIDANCE OF $61-$65 PER TON FOR METALLURGICAL SEGMENT FOR 2019.Q3 EARNINGS PER SHARE $6.34.Q3 REVENUE $619.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $566.4 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $3.39 -- REFINITIV IBES DATA.SEES 2019 CAPITAL EXPENDITURES $195 MILLION - $205 MILLION.ARCH EXPECTS ITS COKING COAL PRICE REALIZATIONS TO DECLINE IN Q4 DUE TO LOWER AVERAGE PROJECTED INDEX-BASED PRICING.EXPECTS TO EXPAND ITS HIGH-VOL A OUTPUT BY AN INCREMENTAL 3 MILLION TONS.ARCH COAL-DURING QUARTER CO ENTERED AGREEMENTS TO SUPPLY 1.5 MILLION TONS OF COKING COAL TO NORTH AMERICAN CUSTOMERS IN 2020,AT FIXED PRICE OF ABOUT $110/TON.CO COMMITTED 1.6 MILLION TONS INTO SEABORNE MARKET WITH INDEX-BASED PRICING STRUCTURE,BRINGING TOTAL COMMITMENTS FOR 2020 TO 3.1 MILLION TONS.ARCH COAL - CONTINUES TO EXPECT CAPEX OF BETWEEN $360 MILLION-$390 MILLION TO DEVELOP NEW LEER SOUTH MINE WITH MORE THAN $100 MILLION COMING IN 2019.ARCH COAL - DURING QUARTER, GLOBAL COKING COAL MARKETS WEAKENED DUE TO SLOWING STEEL DEMAND, TRADE-RELATED TENSIONS CONCERNS OVER GLOBAL ECONOMIC GROWTH.ARCH COAL - DURING QUARTER, CO RECORDED $39 MILLION GAIN FROM RESOLUTION OF LONGSTANDING LAND DISPUTE WITH FEDERAL GOVERNMENT INVOLVING PRLAS IN NEW MEXICO.  Full Article

Arch Coal reports Q3 earnings per share of $6.34
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. REPORTS THIRD QUARTER 2019 RESULTS.Q3 EARNINGS PER SHARE $6.34.Q3 REVENUE $619.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $566.4 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $3.39 -- REFINITIV IBES DATA.SEES 2019 CAPITAL EXPENDITURES $195 MILLION - $205 MILLION.SEES 2019 TOTAL SALES VOLUME $86.7 MILLION -$92.1 MILLION.ARCH EXPECTS ITS COKING COAL PRICE REALIZATIONS TO DECLINE IN Q4 DUE TO LOWER AVERAGE PROJECTED INDEX-BASED PRICING.ARCH COAL - IS REAFFIRMING ITS COKING COAL VOLUME GUIDANCE OF 6.7 TO 7.1 MILLION TONS AND ITS COST GUIDANCE OF $61 TO $65 PER TON FOR FULL YEAR 2019.REDUCING ITS PER-TON CASH COST GUIDANCE RANGE TO BETWEEN $10.60 AND $10.80 FOR FULL YEAR 2019.EXPECTS TO EXPAND ITS HIGH-VOL A OUTPUT BY AN INCREMENTAL 3 MILLION TONS.ARCH COAL-DURING QUARTER CO ENTERED AGREEMENTS TO SUPPLY 1.5 MILLION TONS OF COKING COAL TO NORTH AMERICAN CUSTOMERS IN 2020,AT FIXED PRICE OF ABOUT $110/TON.CO COMMITTED 1.6 MILLION TONS INTO SEABORNE MARKET WITH INDEX-BASED PRICING STRUCTURE,BRINGING TOTAL COMMITMENTS FOR 2020 TO 3.1 MILLION TONS.  Full Article

U.S. FTC files suit to block Peabody and Arch Coal JV in Wyoming

The U.S. Federal Trade Commission said on Wednesday it has filed a lawsuit to block a joint venture in Wyoming between coal mining companies Peabody Energy Corp and Arch Coal Inc as it would allegedly eliminate competition.