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Arch Coal Inc (ARCH.N)

ARCH.N on New York Stock Exchange

80.58USD
17 Sep 2019
Change (% chg)

$-1.41 (-1.72%)
Prev Close
$81.99
Open
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Volume
46,713
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63,246
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$101.00
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$72.33

Latest Key Developments (Source: Significant Developments)

Peabody Energy Says Seeking Approval From Lenders To Enter Into Amendments To Existing Credit Agreement
Monday, 16 Sep 2019 

Sept 16 (Reuters) - Peabody Energy Corp ::PEABODY ENERGY - SEEKING APPROVAL FROM LENDERS TO ENTER INTO AMENDMENTS TO EXISTING CREDIT AGREEMENT.PEABODY ENERGY CORP - SEEKING APPROVAL TO UPSIZE ITS $350.0 MILLION REVOLVING CREDIT FACILITY THAT MATURES IN NOVEMBER 2020 BY AN AMOUNT OF UP TO $215 MILLION.PEABODY ENERGY CORP - SEEKING APROVAL FROM LENDERS TO EXTEND MATURITY DATE OF $540.0 MILLION OF UPSIZED REVOLVING CREDIT FACILITY TO SEPTEMBER 2023.PEABODY ENERGY CORP - CO WILL CONTINUE TO HAVE $395.0 MILLION PRINCIPAL AMOUNT OUTSTANDING UNDER ITS TERM LOAN B FACILITY MATURING IN MARCH 2025.PEABODY ENERGY CORP - CO IS SEEKING TO FURTHER AMEND CREDIT AGREEMENT TO PERMIT PROPOSED JOINT VENTURE WITH ARCH COAL INC.  Full Article

Arch Coal Inc Sees Indications That U.S. Coking Coal Mine Costs Are Shifting Higher
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - Arch Coal Inc ::ARCH COAL INC - WE SEE INDICATIONS THAT U.S. COKING COAL MINE COSTS ARE SHIFTING HIGHER - PRESENTATION.ARCH COAL - EXPECT CHINA TO CONTINUE TO IMPORT SIGNIFICANT VOLUMES OF SEABORNE COKING COAL, EVEN IF CHINESE HOT METAL PRODUCTION IS REACHING A PEAK.ARCH COAL - AUSTRALIAN COKING COAL EXPORTS REMAIN MUTED DESPITE CONTINUED STRENGTH IN COKING COAL PRICES.ARCH COAL - WHILE U.S. COKING COAL OUTPUT BOUNCED IN Q2, WE EXPECT CONTINUED DOWNWARD PRESSURE ON SUPPLY, ESPECIALLY GIVEN RECENT PULLBACK IN PRICING.ARCH COAL - PROJECT THAT 76 MILLION TONS OF GLOBAL COKING COAL CAPACITY MUST BE ADDED BY 2025 TO MEET GROWING SEABORNE DEMAND.ARCH COAL - CAPITAL SPENDING AT AUSTRALIAN COKING COAL MINES REMAINS MUTED.ARCH COAL - INDIA IS ON TRACK TO BECOME THE WORLD'S LARGEST IMPORTER OF COKING COAL IN THE NEAR FUTURE.ARCH COAL - GLOBAL STEEL DEMAND CONTINUES TO SURPRISE TO THE UPSIDE.  Full Article

Peabody Says Obligation To Consummate Arch Coal Deal Conditioned Upon Co Refinancing Outstanding Indebtedness Under Some Credit Facilities
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Arch Coal Inc ::PEABODY - OBLIGATION TO CONSUMMATE ARCH COAL DEAL IS CONDITIONED UPON PEABODY REFINANCING OUTSTANDING INDEBTEDNESS UNDER SOME CREDIT FACILITIES.PEABODY - IF CLOSING OF DEAL HAS NOT OCCURRED ON OR PRIOR TO JUNE 18, 2020, TERMINATION FEE OF $40 MILLION WILL HAVE TO BE PAID BY TERMINATING PARTY.  Full Article

Arch Coal Reports Q1 Earnings Per Share Of $3.91
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Arch Coal Inc ::ARCH COAL INC REPORTS FIRST QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $3.91.Q1 REVENUE $555.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $540.3 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $2.18 -- REFINITIV IBES DATA.ANNOUNCES BOARD AUTHORIZATION FOR AN ADDITIONAL $300 MILLION IN SHARE BUYBACKS.BOARD AUTHORIZED AN ADDITIONAL $300 MILLION OF EXPENDITURES FOR SHARE BUYBACKS.BOARD APPROVAL OF NEXT QUARTERLY CASH DIVIDEND PAYMENT OF $0.45 PER COMMON SHARE.IN METALLURGICAL SEGMENT, Q2 COKING COAL SALES VOLUMES ARE LIKELY TO BE ROUGHLY 10 PERCENT HIGHER THAN THOSE EXPERIENCED IN Q1.EXPECTS FLOOD-RELATED RAIL DISRUPTIONS TO PERSIST FOR MOST OF Q2 IN THE POWDER RIVER BASIN.EXPECTS Q2 POWDER RIVER BASIN VOLUMES TO COME IN BELOW FIRST-QUARTER LEVELS, WHICH WILL ALSO PRESSURE OPERATING COSTS.QTRLY METALLURGICAL COAL SOLD 1.8 MILLION TONS VERSUS 1.8 MILLION TONS LAST YEAR.ARCH COAL - IN OTHER THERMAL SEGMENT, SEES SIGNIFICANTLY IMPROVED RESULTS IN SUBSEQUENT QUARTERS, SEES 2019 CASH COST PER TON SOLD AT $29-$33 PER TON.SEES 2019 TOTAL SALES VOLUME 86.6 - 92.0 MILLION TONS.SEES 2019 CAPITAL EXPENDITURES $170.0 MILLION - $190.0 MILLION.  Full Article

Holly Keller Koeppel And Robert Brewster Hamill Elected To Arch Coal's Board Of Directors
Friday, 1 Mar 2019 

March 1 (Reuters) - Arch Coal Inc ::HOLLY KELLER KOEPPEL AND ROBERT BREWSTER HAMILL ELECTED TO ARCH COAL'S BOARD OF DIRECTORS.ARCH COAL INC - SCOTT VOGEL, WHO HAS BEEN AN ARCH DIRECTOR SINCE OCTOBER 2016, WILL NOT STAND FOR RE-ELECTION AT ANNUAL MEETING IN MAY.ARCH COAL - AFTER VOGEL DOES NOT STAND FOR RE-ELECTION AT ANNUAL MEETING, CO EXPECTS TO HAVE 8 DIRECTORS.  Full Article

Arch Coal Commences Development Work On A New Coking Coal Mine In Northern West Virginia
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Arch Coal Inc ::ARCH COAL COMMENCES DEVELOPMENT WORK ON A NEW, WORLD-CLASS COKING COAL MINE IN NORTHERN WEST VIRGINIA.ARCH COAL INC - WEST VIRGINIA MINE WILL PRODUCE AN ESTIMATED THREE MILLION TONS OF PREMIUM, HIGH-VOL A COKING COAL ANNUALLY FOR SALE.ARCH COAL INC - PLANS TO SELL OUTPUT FROM LEER SOUTH COMPLEX PRINCIPALLY INTO 300-MILLION-METRIC-TON-PER-YEAR SEABORNE COKING COAL MARKET.ARCH COAL INC - EXPECTS TO INVEST APPROXIMATELY $360 MILLION TO $390 MILLION OVER NEXT THREE YEARS TO DEVELOP MINE.ARCH COAL INC - EXPECT TO FUND 2019 EXPENDITURES FOR NEW DEVELOPMENT WITH INTERNALLY GENERATED CASH AND CASH ON HAND.ARCH COAL INC - EXPECT TO HAVE CAPABILITY TO CONTINUE SHARE BUYBACK PROGRAM AT SIMILAR LEVELS TO 2018 SHOULD CO OPT TO DO SO.ARCH COAL INC - MAY CONSIDER A VARIETY OF ALTERNATIVES AFTER 2019, INCLUDING DEBT FINANCING OR UTILIZATION OF EXISTING BORROWING CAPACITY.ARCH COAL INC - WILL BE TRANSITIONING ITS MOUNTAIN LAUREL OPERATION FROM LONGWALL TO ROOM-AND-PILLAR MINING AT BEGINNING OF 2020.ARCH COAL INC - FOLLOWING TRANSITION, MOUNTAIN LAUREL EXPECTS TO PRODUCE APPROXIMATELY 1.3 MILLION TONS OF HIGH-VOL B COKING COAL ANNUALLY..ARCH COAL INC - ARCH EXPECTS TO PRODUCE BETWEEN 6.6 AND 7.0 MILLION TONS OF COKING COAL IN 2019.ARCH COAL INC - ARCH EXPECTS TO MAINTAIN BETWEEN 6.6 AND 7.0 MILLION TONS OF COKING COAL PRODUCTION THROUGH 2021.ARCH COAL INC - IN 2022, ARCH'S TOTAL COKING COAL PRODUCTION IS EXPECTED TO APPROACH 9 MILLION TONS ANNUALLY.  Full Article

Arch Coal Reports Q4 Earnings Per Share $4.44
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. REPORTS FOURTH QUARTER 2018 RESULTS.Q4 EARNINGS PER SHARE $4.44.Q4 REVENUE $651 MILLION VERSUS REFINITIV IBES ESTIMATE OF $566.9 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $3.40 -- REFINITIV IBES DATA.INCREASES RECURRING QUARTERLY DIVIDEND BY 12.5 PERCENT.QUARTERLY CASH DIVIDEND PAYMENT OF $0.45 PER SHARE.SEES 2019 CAPITAL EXPENDITURES $170.0 MILLION - $190.0 MILLION.SEES 2019 TOTAL SALES VOLUME 86.6 MILLION TONS - 92.0 MILLION TONS.DURING COURSE OF 2019, ARCH EXPECTS TO CONVERT TO CASH A SIGNIFICANT PERCENTAGE OF $52 MILLION TAX BENEFIT RECOGNIZED IN 2018.  Full Article

Monarch Alternative Capital Reports 8.29% Stake In Arch Coal Inc As Of Nov. 30
Tuesday, 4 Dec 2018 

Dec 3 (Reuters) - Monarch Alternative Capital ::MONARCH ALTERNATIVE CAPITAL LP REPORTS A 8.29 PERCENT STAKE IN ARCH COAL INC AS OF NOV 30- SEC FILING.MONARCH ALTERNATIVE CAPITAL-ON NOV 30, MAC&PATRICK BARTELS, MEMBER OF ARCH COAL'S BOARD, MUTUALLY AGREED TO TERMINATION OF BARTELS’ EMPLOYMENT WITH MAC.MONARCH ALTERNATIVE CAPITAL - AS SUCH, MAC NO LONGER HAS AN EMPLOYEE WHO IS A MEMBER OF ARCH COAL'S BOARD.  Full Article

Arch Coal Reports Q3 Earnings Per Share $6.10
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. REPORTS THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $6.10.Q3 REVENUE $633.2 MILLION VERSUS I/B/E/S VIEW $557.2 MILLION.Q3 EARNINGS PER SHARE VIEW $3.09 -- THOMSON REUTERS I/B/E/S.GOING FORWARD, TARGETING MAINTAINING LIQUIDITY OF AROUND $400 MILLION.ARCH ANTICIPATES RELATIVELY FLAT COKING COAL SHIPMENTS IN Q4 RELATIVE TO Q3.ARCH COAL - ACCELERATION OF SHIPMENTS THAT DROVE VOLUMES IN 2ND AND 3RD QUARTERS IS EXPECTED TO RESULT IN SIGNIFICANT REDUCTION IN SHIPPED TONS IN Q4.ARCH COAL - SEES 2018 TOTAL SALES VOLUME 89.3 MILLION TONS - 93.7 MILLION TONS.  Full Article

Arch Coal Announces Stock Repurchase Agreement With Monarch Alternative Capital
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. ANNOUNCES STOCK REPURCHASE AGREEMENT WITH MONARCH ALTERNATIVE CAPITAL.ARCH COAL INC - AGREED TO REPURCHASE FROM MONARCH 500,000 SHARES OF STOCK AT PURCHASE PRICE OF $83.03 PER SHARE.ARCH COAL INC - INTENDS TO FUND REPURCHASE WITH CASH ON HAND.  Full Article

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Jefferies slashes miners' rating as escalating China tensions weigh

Jefferies lowered its ratings on several miners on Tuesday and reduced its commodity price forecasts, weighed by increasing chances of the Sino-U.S. trade war having a "significant impact" on the global demand for metals.