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Arch Resources (ARCH) Q4 Earnings Lag Estimates on Lower Volumes
Zacks Investment Research· 2024-02-15 17:11
Core Viewpoint - Arch Resources reported a significant decline in earnings per share for Q4 2023, missing estimates and showing a substantial year-over-year decrease in profitability [1][2]. Revenue Performance - Total revenues for Q4 2023 were $774 million, exceeding the Zacks Consensus Estimate of $654 million by 18.3%, but down 9.9% from $859 million in the same quarter last year [2]. - For the full year 2023, total revenues were $3.14 billion, reflecting a 15.6% decline from $3.72 billion in 2022 [2]. Segment Performance - In the Metallurgical segment, Arch sold 2.3 million tons of coal, consistent with the previous year, but cash margins decreased to $82.91 per ton from $93.15 [4]. - In the Thermal segment, coal sales were 15.5 million tons, down 3.7% from 16.1 million tons in the prior year, with cash margins dropping to $1.64 per ton from $3.85 [4]. Share Repurchase and Financial Position - The company repurchased approximately 20,000 shares for $3 million at an average price of $151.96 per share, with $217.7 million remaining under its $500 million share repurchase program as of December 31, 2023 [4]. - Cash and cash equivalents increased to $287.8 million from $236.1 million year-over-year, while long-term debt decreased to $105.2 million from $116.3 million [6]. Operational Cash Flow - Cash provided by operating activities for the year ended December 2023 was $635.3 million, down from $1.2 billion in the previous year [6]. Future Guidance - Arch Resources expects coking coal sales between 8.6 million and 9 million tons for 2024, with total thermal coal sales projected at 58.6 million to 65 million tons [7]. - The company anticipates corporate capital expenditures in the range of $160 million to $170 million for 2024 [7]. Market Expansion - Arch Resources has expanded its metallurgical segment by securing six new large Asian steelmaking customers in 2023, with nearly 40% of its total coking coal output shipped to the Asian market [5].
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 ...
Arch Resources(ARCH) - 2023 Q4 - Annual Report
2024-02-14 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-13105 Arch Resources, Inc. (Exact name of registrant as specified in its charter) Delaware 43-0921172 (State or other jurisdiction of incorporation or organization ...
Is Arch Resources (ARCH) Outperforming Other Oils-Energy Stocks This Year?
Zacks Investment Research· 2024-02-14 15:41
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Arch Resources (ARCH) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Arch Resources is one of 249 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #16 in the Zacks Sector ...
Arch Resources (ARCH) to Report Q4 Earnings: What's in Store?
Zacks Investment Research· 2024-02-13 15:00
Arch Resources (ARCH) is scheduled to release fourth-quarter 2023 results on Feb 15, before market open. The company delivered an earnings surprise of 19.9% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderArch Resources’ shipments from Powder River Basin operations are expected to have remained strong during the quarter and benefited the overall performance.However, ARCH’s coking coal sales volumes are expected to ha ...
Buy 5 High ROE Stocks as Markets Swing on Volatility Woes
Zacks Investment Research· 2024-02-02 14:01
Over the past few trading days, the broader U.S. equity markets have witnessed a roller-coaster ride as stocks recovered significantly from a brutal sell-off that was triggered by Federal Reserve chairman Jerome Powell hinting at the unlikelihood of a rate cut in March.Despite healthy inflation data, with the Commerce Department’s personal consumption expenditures price index for December being up 0.2% month-over-month and 2.9% on a year-over-year basis, Powell indicated that more encouraging data was requi ...
Recent Price Trend in Arch Resources (ARCH) is Your Friend, Here's Why
Zacks Investment Research· 2024-02-01 14:50
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...
Arch Resources to Announce Fourth Quarter and Full Year 2023 Results on February 15
Prnewswire· 2024-02-01 12:45
Company Overview - Arch Resources, Inc. 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] Financial Results Announcement - Arch Resources will discuss its fourth quarter and full year 2023 financial results in an investor conference call on February 15, 2024, at 10:00 a.m. Eastern time [1] - The earnings release will be distributed via PR Newswire before the market opens on February 15 and will be available on the company's website [1]
5 Stocks Trading Near 52-Week High That Can Climb Further
Zacks Investment Research· 2024-01-29 12:46
Stocks hitting their 52-week high and delivering consistent performance offer attractive opportunities to investors while building a portfolio. This is because stocks near that level are perceived to be winners. However, stocks touching a new 52-week high are often predisposed to profit-taking, resulting in pullbacks and trend reversals.Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculations are not absolutely baseless, all stocks hitting a 52-week high are ...
Arch Resources (ARCH) is an Incredible Growth Stock: 3 Reasons Why
Zacks Investment Research· 2024-01-25 18:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...