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Arch Coal Inc (ARCH.N)

ARCH.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Peabody And Arch To Combine U.S. Powder River Basin And Colorado Coal Assets
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Arch Coal Inc ::PEABODY AND ARCH TO COMBINE U.S. PRB AND COLORADO ASSETS IN HIGHLY SYNERGISTIC JOINT VENTURE TO UNLOCK APPROXIMATELY $820 MILLION IN SYNERGIES.PEABODY ENERGY CORP - JOINT VENTURE IS EXPECTED TO UNLOCK SYNERGIES WITH A PRE-TAX NET PRESENT VALUE OF APPROXIMATELY $820 MILLION..PEABODY ENERGY CORP - AVERAGE JOINT VENTURE SYNERGIES ARE PROJECTED TO BE APPROXIMATELY $120 MILLION PER YEAR OVER INITIAL 10 YEARS..PEABODY ENERGY CORP - JOINT VENTURE WILL BE 66.5 PERCENT OWNED BY PEABODY AND 33.5 PERCENT OWNED BY ARCH..PEABODY ENERGY CORP - GOVERNANCE OF JOINT VENTURE WILL CONSIST OF A FIVE-MEMBER BOARD OF MANAGERS APPOINTED BY PEABODY AND ARCH.PEABODY ENERGY CORP - PEABODY TO SERVE AS OPERATOR OF JOINT VENTURE.PEABODY ENERGY - EACH PARTY WILL HAVE VOTING RIGHTS IN PROPORTION TO ITS OWNERSHIP PERCENTAGE, WITH CERTAIN ITEMS REQUIRING SUPERMAJORITY APPROVAL.PEABODY ENERGY CORP - AS OPERATOR, PEABODY WILL MANAGE ALL ACTIVITIES INCLUDING MARKETING OF COAL..PEABODY - PEABODY AND ARCH WILL SHARE PROFITS, CAPITAL REQUIREMENTS AND CASH DISTRIBUTIONS OF JOINT VENTURE IN PROPORTION TO OWNERSHIP PERCENTAGES.PEABODY ENERGY CORP - JOINT VENTURE WILL COMBINE PEABODY'S NORTH ANTELOPE ROCHELLE MINE (NARM) AND ARCH'S BLACK THUNDER MINE.PEABODY ENERGY CORP - PEABODY AND ARCH WILL CONTINUE TO OPERATE ASSETS INDEPENDENTLY UNTIL CLOSING OF TRANSACTION..PEABODY ENERGY CORP - UPON CLOSING, PEABODY AND ARCH WILL EACH CONTRIBUTE ITS ACTIVE POWDER RIVER BASIN AND COLORADO MINES.  Full Article

Arch Coal Q2 Earnings Per Share $2.06
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. REPORTS SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $2.06.Q2 REVENUE $592.3 MILLION VERSUS I/B/E/S VIEW $525.4 MILLION.Q2 EARNINGS PER SHARE VIEW $1.90 -- THOMSON REUTERS I/B/E/S.REITERATES 2018 SALES VOLUME AND COST GUIDANCE FOR ALL OPERATING SEGMENTS.BOOSTS SHARE REPURCHASE AUTHORIZATION BY $250 MILLION.ARCH COAL - "BELIEVE THAT OUR CURRENT CASH BALANCE REPRESENTS AMPLE AND APPROPRIATE LIQUIDITY THAT WILL MEET OUR NEEDS THROUGHOUT THE MARKET CYCLE".IN METALLURGICAL SEGMENT, QTRLY COKING COAL SALES VOLUMES INCREASED 13 PERCENT WHEN COMPARED WITH Q1 OF 2018.  Full Article

Arch Coal Q4 Earnings Per Share $3.64
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $3.64.Q4 REVENUE $560.2 MILLION.ANNOUNCES INCREASE IN QUARTERLY DIVIDEND TO $0.40 PER SHARE.ARCH EXPECTS TO SELL BETWEEN 86 MILLION AND 92 MILLION TONS OF THERMAL COAL IN 2018.ARCH COAL - BOARD APPROVED INCREASE IN QUARTERLY DIVIDEND TO $0.40 PER SHARE FROM $0.35 PER SHARE.ARCH COAL - CURRENTLY ANTICIPATES THAT 2018 CASH COST PER TON SOLD IN METALLURGICAL AND POWDER RIVER BASIN SEGMENTS WILL BE SIMILAR TO 2017 LEVELS.TAX CUTS AND JOBS ACT RESULTED IN A TAX BENEFIT OF $35 MILLION IN Q4.SEES 2018 CAPITAL EXPENDITURES OF $80 MILLION TO $90 MILLION.SEES 2018 TOTAL SALES OF BETWEEN 92 MILLION AND 99 MILLION TONS.QTRLY ADJUSTED EARNINGS PER SHARE $4.12.Q4 REVENUE VIEW $578.1 MILLION -- THOMSON REUTERS I/B/E/S.  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

Arch Coal Inc. Reports Q3 earnings per share $2.83
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Arch Coal Inc :Arch Coal, Inc. reports third quarter 2017 results.Q3 earnings per share $2.83.Q3 earnings per share view $1.82 -- Thomson Reuters I/B/E/S.Q3 revenue $613.5 million versus I/B/E/S view $550.4 million.Arch Coal Inc - ‍announces $200 million increase in share repurchase authorization​.Arch Coal Inc- ‍now expects to sell between 90 million tons and 96 million tons of thermal coal in 2017​.Arch Coal Inc - ‍now expects to sell between 6.6 million tons and 6.8 million tons of coking coal in 2017​.Arch Coal Inc - ‍Arch has lowered its coking coal sales volume guidance for 2017​.Arch Coal Inc - sees ‍2017 capital expenditures between $52 million to $58​ million.Arch Coal Inc - qtrly ‍adj earnings per share $2.54​.  Full Article

Arch Coal announces stock repurchase agreement with Monarch Alternative Capital
Thursday, 14 Sep 2017 

Sept 13 (Reuters) - Arch Coal Inc -:Arch Coal, Inc. announces stock repurchase agreement with Monarch Alternative Capital.Has agreed to repurchase from Monarch 750,000 shares of Arch's common stock at a purchase price of $74.33 per share.Intends to fund repurchase with cash on hand.Aggregate consideration of approximately $55.7 million.Says following closing of transaction, Monarch will own approximately 2.6 million shares of Arch's common stock.  Full Article