– Achieves another strong performance from its metallurgical portfolio despite a lower price environment and a major operational transition at Mountain Laurel
– Guides to significant and continuing reductions in metallurgical costs
– Makes excellent progress in developing its world-class Leer South growth project
– Announces 11-percent increase in quarterly dividend

ST. LOUIS, MO (STL.News) Arch Coal, Inc. (NYSE: ARCH) today reported a net loss of $8.6 million, or $0.57 per diluted share, in the fourth quarter of 2019, compared with net income of $86.1 million, or $4.44 per diluted share, in the prior-year period. Included in the company’s fourth quarter results was a loss of $9.0 million associated with the December sale of its Coal-Mac thermal operations.  Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, amortization of sales contracts, and non-operating expenses (“adjusted EBITDA”) 1 of $43.7 million in the fourth quarter of 2019, which includes a $1.3 million non-cash mark-to-market loss associated with the company’s coal-hedging activities.  This compares to $122.6 million of adjusted EBITDA recorded in the fourth quarter of 2018, which included a $13.0 million non-cash mark-to-market gain associated with the company’s coal-hedging activities.  Revenues totaled $549.5 million for the three months ended December 31, 2019, versus $651.0 million in the prior-year quarter.

NOTE: this is NOT the complete release – PDF

CLICK to VIEW COMPLETE RELEASE

By STLNEWS

STL.News is owned and operated by STL.News, LLC. We publish States Top Leading News. Our news is timely, unbiased and content is obtained direct from the source to obtain reliable information. Additionally, we will publish YouTube news video from major media companies.