Core Insights - Arch Resources, Inc. reported a net loss of $6.2 million, or $0.34 per diluted share, in Q3 2024, a significant decline from a net income of $73.7 million, or $3.91 per diluted share, in Q3 2023 [1][3] - The company achieved a milestone in its pending merger with CONSOL Energy, receiving all necessary international approvals and managing through operational challenges [2][8] - Arch declared a fixed quarterly cash dividend of $0.25 per share, totaling $4.6 million, payable on November 26, 2024 [2][7] Financial Performance - Revenues for Q3 2024 were $617.9 million, down from $744.6 million in the same quarter of the previous year [1][13] - Adjusted EBITDA for Q3 2024 was $44.2 million, compared to $126.3 million in Q3 2023 [1][20] - The thermal segment returned to profitability, aided by improved performance in the Powder River Basin operations [5] Operational Highlights - The company managed through a three-week outage of the shiploader at Curtis Bay Terminal, which reduced coking coal shipments by approximately 200,000 tons [2][4] - Arch is transitioning the Leer South mine to enhance operational execution in 2025, with expectations for improved performance beginning mid-Q4 2024 [2][4] - The metallurgical marketing and logistics team faced challenges but continued to position the company for long-term value creation [2][3] Merger Update - The merger with CONSOL Energy is expected to close by the end of Q1 2025, pending customary closing conditions and stockholder approvals [8][9] - Projected benefits of the merger include cost savings of $110 million to $140 million annually and enhanced operational capabilities [8][9] Cash Flow and Debt Management - Arch generated cash provided by operating activities of $24.9 million in Q3 2024, with a working capital build of $18.2 million [6] - The company paid down $5.1 million in debt, ending Q3 with $255.9 million in cash and short-term investments, resulting in a net cash position of $127.7 million [6][19]

Core Viewpoint - Arch Resources, Inc. will discuss its third quarter 2024 financial results in an investor conference call scheduled for November 5, 2024, at 11:00 a.m. Eastern time [1] Company Overview - Arch Resources is a leading producer of high-quality metallurgical products for the global steel industry [2] - The company operates large, modern, and highly efficient mines that set industry standards for mine safety and environmental stewardship [2]

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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 ...

Investors in Arch Resources, Inc. (ARCH) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $80 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could als ...

Arch Resources, Inc. (ARCH) and CONSOL Energy Inc. (CEIX) have entered into a definitive agreement to combine in an all-stock merger of equals to create Core Natural Resources, a North American natural resource company focused on the global market.Core Natural Resources will bring together two strong operators in the coal space and offer high-quality, low-cost coals ranging from metallurgical to high calorific value thermal coals.Arch and CONSOL’s Merger Agreement TermsPer the terms of the agreement, unanim ...

NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Rowley Law PLLC is investigating potential securities law violations by Arch Resources, Inc. (NYSE: ARCH) and its board of directors concerning the proposed acquisition of the company by CONSOL Energy Inc. (NYSE: CEIX). Stockholders will receive 1.326 shares of CONSOL Energy common stock for each share of Arch Resources stock that they hold. The transaction is expected to close by the end of the first quarter of 2025. If you are a stockholder of Arch Resources, In ...

Group 1 - Arch Resources and Consol Energy are merging in an all-stock deal to form Core Natural Resources, expected to close in early 2025 [1][2] - The combined entity will operate 11 mines and have an export capacity of approximately 25 million tonnes per annum (Mtpa) [1] - Core Natural Resources will have a market capitalization of about $5.2 billion if realized today [1] Group 2 - The merger is projected to generate annual cost and operational synergies between $110 million and $140 million [2] - The assets of both companies are described as highly complementary, enhancing diversification across coal types, end uses, and geographies [2] - Following the announcement, shares of Consol increased by 3.8% to $98.35, while Arch's shares rose by 1.8% to $129.06 [2]

NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Arch Resources, Inc. (NYSE: ARCH), relating to its proposed merger with Consol Energy, Inc. Under the terms of the agreement, all Arch Resources common stock will be automatically convert ...