Revenue and Sales Performance - For the three months ended September 30, 2024, coal sales revenue was approximately $617.9 million, a decrease of $126.7 million or 17.0% compared to the same period in 2023[115]. - Tons sold during the same period decreased by approximately 3.0 million tons, or 15.5%, totaling 16,214 tons[115]. - Revenues from coal sales in the first nine months of 2024 were $1,906,840 thousand, down $464,986 thousand, or 19.6%, from $2,371,826 thousand in the same period of 2023[124]. - Total GAAP revenues for the consolidated company were $617.90 million for the three months ended September 30, 2024, compared to $744.60 million in the same period of 2023[144]. - The company reported total GAAP revenues of $1.91 billion for the nine months ended September 30, 2024, compared to $2.37 billion in the same period of 2023[146]. Coal Market Conditions - Metallurgical coal sales decreased by approximately $70.9 million primarily due to decreased pricing[115]. - Thermal coal sales decreased by approximately $55.8 million due to reduced sales volume to domestic utility customers[115]. - Domestic thermal coal consumption was pressured by low power demand, low natural gas prices, and increased renewable generation, leading to elevated utility coal stockpiles[113]. - The global metallurgical coal market is experiencing softness due to oversupply and economic constraints, particularly in Europe and the Americas[106]. - The availability of discounted Russian coal in Asian markets is expected to continue, impacting competition in the coal market[107]. Costs and Expenses - Cost of sales for Q3 2024 decreased by approximately $38.3 million, or 6.4%, compared to Q3 2023, primarily due to reduced sales sensitive costs and lower repairs and supplies costs[117]. - Total costs, expenses, and other for the first nine months of 2024 were $1,849,265 thousand, a decrease of $112,693 thousand compared to the same period in 2023[126]. - Selling, general, and administrative expenses decreased by approximately $4.4 million in the first nine months of 2024 compared to the same period in 2023, mainly due to reduced compensation costs[129]. - The company recorded $6.6 million in severance costs related to a voluntary separation plan accepted by approximately 140 employees in the Thermal Segment during Q3 2024[121]. - Non-service related pension and postretirement benefit credits decreased by $4,596 thousand in the first nine months of 2024 compared to the same period in 2023[133]. Merger and Financial Transactions - The proposed merger with CONSOL Energy Inc. involves an all-stock transaction where each share of Arch common stock will convert into 1.326 shares of CONSOL common stock[105]. - Merger-related costs of $7,002 thousand were recorded in Q3 2024 following the Merger Agreement entered on August 20, 2024[120]. - The total long-term debt increased by $20 million under the Term Loan during the first three months of 2024, with no other material changes to contractual obligations reported[165]. Cash Flow and Liquidity - Cash provided by operating activities decreased by approximately $241.5 million to $212.4 million for the nine months ended September 30, 2024, compared to $453.8 million in the prior year[167]. - Cash used in investing activities increased by approximately $15.2 million, primarily due to increased capital expenditures and net short-term investment activity[168]. - Cash used in financing activities declined by $241.4 million, driven by a reduction in dividends paid by approximately $114.8 million and a decrease in share repurchases of $91.2 million[169]. - The company ended the first nine months of 2024 with cash, cash equivalents, and short-term investments of $255.9 million, and total liquidity of $359.8 million[159]. - The company expects to maintain minimum liquidity levels of approximately $250 million to $300 million, primarily held in cash[159]. Production and Sales Commitments - Planned production levels at thermal operations are aligned with existing sales commitments, with a focus on maximizing export opportunities[114]. - The Company has metallurgical coal sales commitments for 2024, including 1.5 million tons of North America priced coking coal at $157.04 per ton and 5.2 million tons of seaborne priced coking coal at $140.68 per ton[173]. Segment Performance - Adjusted EBITDA for the Metallurgical segment decreased to $54.17 million for the three months ended September 30, 2024, down from $128.32 million in the same period of 2023, a decline of $74.16 million[137]. - Adjusted EBITDA for the Thermal segment decreased for the three months ended September 30, 2024, due to decreased tons sold and increased cash cost per ton sold[141]. - For the nine months ended September 30, 2024, the Metallurgical segment sold 6.77 million tons, down from 6.96 million tons in the same period of 2023, a decrease of 196,000 tons[138]. - The total tons sold for the nine months ended September 30, 2024, were 6,766 for metallurgical coal and 37,662 for thermal coal, compared to 6,962 and 50,104 respectively in the same period of 2023, indicating a decline in thermal coal sales[152][153]. Taxation - The effective tax rate for Q3 2024 was 50.8%, significantly higher than the U.S. federal statutory rate of 21%, primarily due to the income tax benefit for excess percentage depletion[123]. - The company experienced a net loss of $887 thousand from the provision for income taxes in the first nine months of 2024, a decrease of $67,726 thousand compared to a benefit of $66,839 thousand in 2023[134].

Financial Data and Key Metrics Changes - The third quarter marked a significant transition for the company, with expectations for long-term value creation and growth driven by a merger with CONSOL Energy and operational transitions in metallurgical longwall mines [6][7] - The company declared a fixed dividend of $0.25 per share, totaling $4.6 million, payable on November 26 [8] - Production volumes were depressed due to throttled back operations in the metallurgical segment, leading to slightly higher normal operating costs [10] Business Line Data and Key Metrics Changes - The thermal segment saw a significant turnaround during Q3, benefiting from improved performance in the Powder River Basin operations due to cost-cutting measures and better alignment between stripping activities and sales volumes [12] - The West Elk mine operated well, although results were dampened by lower realizations related to legacy contracts, most of which will expire at the end of the year [12][13] - The metallurgical segment is expected to see a significant step-up in performance in the coming year, particularly with the roll-off of low-priced contracts and the transition to thicker, lower-cost reserves [13] Market Data and Key Metrics Changes - Global coking coal markets are believed to be closer to balance than current pricing suggests, with supply constraints and increased Chinese seaborne imports of coking coal [15][16] - The high-rank seaborne thermal market appears tight, benefiting from years of investment in new and replacement supply [17] Company Strategy and Development Direction - The merger with CONSOL Energy is expected to create a global industry leader, enhancing operational platforms and expanding logistics and export capabilities [21][24] - The company aims to unlock significant synergies from the merger, with projected annual cost savings of $110 million to $140 million [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational transitions and the potential for improved performance in Q4, despite challenges faced in Q3 [43][44] - The company anticipates a positive step change in execution from operations after the completion of the longwall moves [11][44] - Management noted that the supply side in Appalachia is under pressure, which could lead to a reduction in production from smaller mines [61][63] Other Important Information - The merger is expected to close in Q1 2025, with stockholder votes pending [20] - The company is focused on capturing synergies in logistics, marketing, and procurement post-merger [23] Q&A Session Summary Question: Update on contracts for 2025 and pricing expectations - Management indicated that they have committed about 0.5 million tons at a price just under $150, with expectations that North American business could decrease significantly [27][28] - For West Elk, legacy contracts rolling off are expected to be replaced with prices as much as $30 higher [31] Question: Thoughts on High-Vol A markets and pricing - Management acknowledged that the High-Vol A market is somewhat soft but not far from balance, with significant appetite for their products in Asia [34][36] Question: Expectations for Q4 performance - Management expects Q4 performance to be similar to Q3, with potential for improvement as operations ramp up [44][45] Question: Role of thermal assets in the merger - West Elk is seen as a key player in the high-quality seaborne thermal business, while the future of the Powder River Basin operations remains uncertain [46][47] Question: Supply side stress in Appalachia - Management noted that labor pressures have diminished and supply availability is improving, indicating a potential supply pullback in the market [60][62]

Arch Resources, Inc. (ARCH) reported third-quarter 2024 earnings per share (EPS) of 41 cents, which missed the Zacks Consensus Estimate of $1.38 by 70.3%. The bottom line declined from the year-ago level of $3.91.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of ARCHTotal revenues were $617.9 million, which beat the Zacks Consensus Estimate of $536 million by 15.3%. However, the top line decreased 17% from $744.6 million in the year-ago quarter.ARCH’s Segmental DetailsIn t ...

Arch Resources (ARCH) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $3.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -70.29%. A quarter ago, it was expected that this coal producer would post earnings of $1.31 per share when it actually produced earnings of $0.81, delivering a surprise of -38.17%.Over the last four quarters, the c ...

Exhibit 99.1 NEWS RELEASE Investor Relations 314/994-2916 FOR IMMEDIATE RELEASE Achieves milestone in pending merger with CONSOL Energy with the October expiration of HSR waiting period Receives all necessary international approvals to complete the merger Manages through extended outage of CBT shiploader to ship 2.1 million tons of coking coal Declares fixed quarterly cash dividend of $0.25 per share payable on November 26 ST. LOUIS, November 5, 2024 – Arch Resources, Inc. (NYSE: ARCH) ("Arch" or the "compa ...

Achieves milestone in pending merger with CONSOL Energy with the October expiration of HSR waiting periodReceives all necessary international approvals to complete the mergerManages through extended outage of CBT shiploader to ship 2.1 million tons of coking coalDeclares fixed quarterly cash dividend of $0.25 per share payable on November 26 ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) ("Arch" or the "company") today reported a net loss of $6.2 million, or $0.34 per diluted shar ...

ST. LOUIS, Oct. 23, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) will discuss its third quarter 2024 financial results in an investor conference call on Thursday, November 5, 2024 at 11:00 a.m. Eastern time.Interested participants may access the conference call by dialing 866-360-3591 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 412-542-4108. No passcode is needed. The call will also be webcast and will be accessible v ...

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ST. LOUIS and CANONSBURG, Pa., Oct. 14, 2024 /PRNewswire/ -- Arch Resources, Inc. ("Arch") (NYSE: ARCH) and CONSOL Energy Inc. ("CONSOL") (NYSE: CEIX) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), in relation to the pending combination of CONSOL and Arch expired at 11:59 p.m. Eastern Time on October 11, 2024. The expiration of the waiting period under the HSR Act is one of the conditions to the closing of the pending combi ...

Here are three stocks added to the Zacks Rank #23 (Strong Sell) List today:Academy Sports and Outdoors, Inc. (ASO) is a retailer of sporting goods and outdoor recreational products. The Zacks Consensus Estimate for its current year earnings has been 4.8% downward over the last 60 days.Arch Resources, Inc. (ARCH) is a producer and seller of metallurgical products. The Zacks Consensus Estimate for its current year earnings has been revised 19.5% downward over the last 60 days.Capital Southwest Corporation (CS ...