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Arch Resources(ARCH) - 2024 Q1 - Quarterly Results
2024-04-25 11:10
Exhibit 99.1 NEWS RELEASE Investor Relations 314/994-2916 FOR IMMEDIATE RELEASE Arch Resources Reports First Quarter 2024 Results Achieves net income of $56.0 million and adjusted EBITDA of $102.9 million Declares a quarterly cash dividend of $20.7 million, or $1.11 per share Reduces diluted share count by an incremental 3 percent during the quarter ST. LOUIS, April 25, 2024 – Arch Resources, Inc. (NYSE: ARCH) today reported net income of $56.0 million, or $2.98 per diluted share, in the first quarter of 20 ...
Arch Resources (ARCH) to Report Q1 Earnings: What's in Store?
Zacks Investment Research· 2024-04-24 13:20
Arch Resources (ARCH) is scheduled to release first-quarter 2024 results on Apr 25, before market open. The company delivered a negative earnings surprise of 12% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderShipments from Arch Resources' Powder River Basin operations are expected to remain robust during the quarter, contributing to the company's overall performance.West Elk is likely to have continued to generate ...
Earnings Minefield: The 3 Stock Landmines to Avoid This Quarter
InvestorPlace· 2024-04-22 17:30
The past couple of weeks have been increasingly volatile for U.S. equities markets. The Nasdaq fell 3.55% last week, while the S&P500 had fallen 3.05%. On the one hand, U.S. equities have likely reached a short-term peak, as trading multiples have become stretched. Yet on the other hand, U.S. Federal Reserve officials and Fed Chairman Jerome Powell are sending disappointing signals. Rates are likely to be higher for longer since inflation has shown little signs of coming down in recent months. These two con ...
Analysts Estimate Arch Resources (ARCH) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-04-18 15:08
The market expects Arch Resources (ARCH) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...
Goldilocks Investing: 7 Mid-Cap Stocks That Are Just Right
InvestorPlace· 2024-04-14 18:27
Mid-cap stocks present an especially enticing narrative at junctures such as this, when it’s difficult to decipher the market’s trajectory. Stated differently, sometimes it’s best just to drive down the middle lane.Yes, large-capitalization enterprises offer (generally speaking) the most stability. That could be useful for conservative investors. However, for those seeking growth, the predictable nature of the big caps stymies upside potential.Of course, one could always go with the small-cap plays to boost ...
Industry Veteran George J. Schuller Jr. Joins Arch Resources as Senior Vice President and Chief Operating Officer
Prnewswire· 2024-03-19 12:00
ST. LOUIS, March 19, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) today announced that George J. Schuller Jr., a highly regarded mining industry executive with decades of senior operational leadership experience, has joined the company as senior vice president and chief operating officer, effective immediately.  "We are extremely pleased that George has agreed to join the Arch team in this pivotal capacity and view him as a perfect fit with our sustainability-focused and results-driven culture," s ...
Arch Resources: A Tailwind From The Recently Announced Index Inclusion
Seeking Alpha· 2024-03-13 03:34
shank_ali Overview Arch Resources (NYSE:ARCH) is one of the largest coal mining companies in the United States. The company has a lot of thermal coal production in the Powder River Basin, but most of its adjusted EBITDA comes from the metallurgical ("met") segment, as illustrated by the figure below. Figure 1 - Arch 2023 Annual Report Met coal normally trades at a premium to thermal coal. The difference between the two coal types is even more pronounced for Arch, where the poor rail traffic from some of the ...
Arch Resources(ARCH) - 2023 Q4 - Earnings Call Transcript
2024-02-15 20:38
Financial Data and Key Metrics Changes - The company achieved adjusted EBITDA of $180 million in Q4 2023, with a sequential increase of nearly 40% in operating cash flow to $182 million from Q3 levels [5][25]. - Discretionary cash flow for the quarter was $127 million, contributing to a cash position increase of $107 million, ending the quarter with cash and short-term investments of $321 million [5][26]. - The total capital returned to shareholders since the re-launch of the capital return program exceeded $1.2 billion, with a quarterly cash dividend of $32 million or $1.65 per share [5][7]. Business Line Data and Key Metrics Changes - In the metallurgical segment, the average cash cost was reduced by more than $10 per ton, or over 10% compared to Q3, with a nearly 25% improvement in average coking coal realization [6][15]. - The thermal segment saw a return to form, with West Elk achieving its highest quarterly production level of around 1.1 million tons, while the Powder River Basin (PRB) operations contributed solidly despite market challenges [14][19]. Market Data and Key Metrics Changes - The price for High-Vol A coking coal on the U.S. East Coast was assessed at $262 per metric ton, while the Australian Premium Low-Vol index was trading at $53 per metric ton, creating an arbitrage opportunity for U.S. volumes in the Asian market [9][10]. - Australian coking coal exports declined nearly 6% in 2023 compared to 2022, contributing to a constrained supply environment that supports coking coal prices [11][12]. Company Strategy and Development Direction - The company aims to enhance shareholder returns by evolving towards a heavier share repurchase model while maintaining a strong financial position [12][30]. - The focus remains on operational excellence, increasing penetration in Asian markets, and advancing sustainability projects, with expectations of continued productivity improvements in 2024 [12][22]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the coking coal market, citing constrained supply and ongoing regulatory pressures as supportive factors for pricing [11][12]. - The company anticipates a modestly less than ratable shipping schedule for Q1 2024 due to weather-related disruptions and maintenance requirements, but expects to make up for this later in the year [17][18]. Other Important Information - The company achieved a total loss time incident rate of 0.55 incidents per 200,000 hours worked, significantly better than the industry average, and received zero environmental violations under SMCRA [23][24]. - The Leer operation became the first U.S. mine to achieve Level A verification under the globally recognized sustainable mining framework [24]. Q&A Session Summary Question: Can you walk us through the met coal guide for 2024? - Management is comfortable with the guidance of 8.8 million tons for 2024, expecting continued ramp-up at Leer South and operational improvements across the portfolio [33][34]. Question: What is the expected mix between West Elk and PRB for thermal coal? - West Elk is expected to produce around 4 million tons in 2024, while the PRB will contribute the remainder, with commitments in place for approximately 50 million tons of PRB coal [36][38]. Question: How much did West Elk contribute in 2023? - West Elk produced 3 million tons in 2023, with expectations for a significant increase in 2024, maintaining a solid cash flow contribution [48][49]. Question: What are the expectations for met coal pricing and the impact of new supply? - The company does not view the current pricing issues as a result of new supply but rather as a function of market conditions and believes the market remains well supported [74][76]. Question: Can you provide details on the decision to build cash during Q4? - The decision to increase cash reserves was a strategic move to maintain financial flexibility and prepare for potential market pullbacks, allowing for opportunistic share repurchases [65][67].
Arch Resources (ARCH) Q4 Earnings Lag Estimates on Lower Volumes
Zacks Investment Research· 2024-02-15 17:11
Arch Resources (ARCH) reported fourth-quarter 2023 operating earnings per share (EPS) of $6.07, which missed the Zacks Consensus Estimate of $6.90 by 12%. The bottom line also declined 73.81% from the year-ago quarter’s figure of $23.18.RevenuesTotal revenues were $774 million, which beat the Zacks Consensus Estimate of $654 million by 18.3%. However, the top line decreased 9.9% from $859 million in the year-ago quarter.ARCH reported total revenues of $3.14 billion for 2023 compared with $3.72 billion in 20 ...
Forget Profit, Bet on These 4 Stocks With Increasing Cash Flows
Zacks Investment Research· 2024-02-15 13:11
The Q4 earnings season is in full swing and investors are now interested in betting on stocks based on profit numbers and surprises. Nevertheless, looking beyond profits and figuring out a company’s ability to generate cash flows can be far more rewarding.This is because cash indicates a company’s true financial health. It offers the flexibility to make decisions, the means to make potential investments and the fuel to run its growth engine. In fact, even a company generating profits might face bankruptcy w ...