Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: NYSE
Sector: General Mining
Epic: ACI
News: Latest news
Web Site: Arch Coal
Other Articles: 09-03-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

FULL ARTICLE ►
Arch Coal

Arch Coal

Arch Coal contributes roughly 12% of America’s coal supply, with a leading position in all three major low-sulfur coal basins, with mining complexes in Wyoming, Utah, Colorado, West Virginia, Kentucky, and Virginia.

Friday, July 30, 2010

Arch Coal benefits from strong rebound in US domestic coal market

company news image

Arch Coal (NYSE: ACI) reported second quarter net income of $66 million, or 41 cents per diluted share, a huge swing from net loss of $15.1 million, or 11 cents per diluted share, in the second quarter of 2009.


The US based coal producer benefited from higher prices for coal, which pushed revenues 40% higher in the second quarter.  Adjusted EBITDA more than doubled to $199 million.


"Arch delivered a strong operating performance in the second quarter of 2010 - with substantial increases in revenues, EPS and EBITDA - compared with the year-ago quarter," said Steven F. Leer, Arch's chairman and chief executive officer. "Higher pricing in Central Appalachia and continued effective cost control in all operating segments helped expand our consolidated per-ton operating margin in the quarter just ended. We also generated positive free cash flow for the first six months of 2010."


For the first half of 2009, EBITDA hit nearly $331 million, up from $193.8 million in the first half of 2009, while revenues hit $1.5 billion, up 20% on the same period last year. Cash flow increased by a robust 62% to $259 million, while capital expenditure (“Capex”) fell 30% to $172 million.


"Coal markets have improved considerably since this time last year, but remain well below the levels of the bull market of 2008," said Leer. "Global metallurgical markets remain relatively tight, and domestic steam coal conditions have strengthened meaningfully on the decline in stockpiles of U.S. generators, particularly those served by Powder River Basin coal."


"Looking ahead, we expect to continue managing through any ongoing operational challenges and deliver even stronger results in the year's second half," added Leer. "We also will remain disciplined in controlling our costs and capital spending levels to generate meaningful free cash flow for our stakeholders."

AddThis Feed Button
Register here to be notified of future Arch Coal articles.

Other Arch Coal news

More news ►

Investors interested in Arch Coal recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.