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Financial Data and Key Metrics Changes - Arch Resources achieved an adjusted EBITDA of $126.3 million and generated $86.5 million in discretionary cash flow during Q3 2023 [5][6] - The company repurchased nearly 216,000 shares for $28.2 million and declared a quarterly cash dividend of $21.6 million, or $1.13 per share [6][26] - Operating cash flow totaled $131 million, with a working capital benefit of $16 million, while capital spending was just over $44 million [22] Business Line Data and Key Metrics Changes - The metallurgical segment delivered higher per ton realizations and stronger cash margins, with cash costs expected to be less than $90 per ton, approximately 5% lower than 2022 [13][14] - The thermal segment performed well, with solid supplemental cash flows despite a breakeven performance at West Elk, which is expected to improve in Q4 2023 [18][19] Market Data and Key Metrics Changes - Global coking coal prices for Arch's principal product, High-Vol A coal, are assessed at $277 per metric ton, remaining strong despite weak steel market dynamics [9][10] - Coking coal exports from Australia are down by roughly 5 million tons year-to-date, contributing to supply constraints in the metallurgical coal market [10] Company Strategy and Development Direction - The company is focused on delivering operational excellence and maintaining a strong financial position while advancing sustainability practices [11][12] - The Board adjusted the capital allocation model to prioritize share repurchases over dividends, reflecting a commitment to return 100% of discretionary cash flow to shareholders [8][26] Management's Comments on Operating Environment and Future Outlook - Management noted that despite weak demand in the steel market, supply constraints in metallurgical coal could lead to future price stability [9][10] - The outlook for the thermal segment remains positive, with expectations of substantial margins on thermal export volumes in 2024 and beyond [11][18] Other Important Information - Arch's operations achieved a total loss time incident rate of 0.42 per 200,000 employee hours worked, significantly better than the industry average [20] - The company received the 2023 Excellence in Coal Mining Good Neighbor Award, highlighting its commitment to community engagement [21] Q&A Session Summary Question: Capital return policy and framework - The company plans to allocate 25% of discretionary cash flow for dividends and up to 75% for buybacks, with flexibility based on market conditions [28][29] Question: Production expectations at Leer South - Production is expected to improve, with a target of around 3 million tons annually, and potential for further increases as operations transition to better geological conditions [34][36] Question: Thermal market outlook and pricing - The company anticipates modest reductions in pricing for Powder River Basin operations in 2024, but remains confident in maintaining solid margins [39][41] Question: Coking coal shipment growth potential - The company expects to comfortably exceed 9 million tons at the midpoint for 2024, driven by improved performance at Leer South and other operations [46] Question: West Elk production levels - West Elk is expected to reach around 4 million tons annually, with potential increases to 4.5 to 5 million tons by 2025 as operations improve [52][54]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 1-13105 Arch Resources, Inc. (Exact name of registrant as specified in its charter) Delaware 43-0921172 (Stat ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $130 million for Q2 2023, which was lower sequentially and compared to the previous year's second quarter due to weakened market prices for both metallurgical and thermal coal [19][20] - Operating cash flow for the quarter was $197 million, an increase of over 56% sequentially, although lower than the previous year's second quarter [20] - Discretionary cash flow for the quarter totaled $151 million, with a declared dividend of $3.97 per share [21] Business Line Data and Key Metrics Changes - Coking coal sales for the metallurgical segment totaled $2 million at $6.54 per ton for the first half of the year, with Q2 representing the strongest production quarter for Leer South to date [13][14] - The thermal segment contributed total segment-level EBITDA of $29.2 million, which was higher than initially anticipated, demonstrating excellent cost control [14] Market Data and Key Metrics Changes - Global hot metal production, excluding China, was down 2.8% through May compared to 2022, contributing to a softening in coking coal markets [9] - High-Vol A coal, the principal product, is currently trading at $210 per metric ton on the US East Coast, with demand remaining weak but prices still supporting healthy margins [10] Company Strategy and Development Direction - The company aims to enhance its position in the market by maintaining a strong cash generation capability and a robust capital return program, having returned nearly $1.2 billion to shareholders since relaunching the program in February 2022 [8][12] - The focus remains on expanding the Asian market presence, with expectations of increased demand for coking coal driven by growth in blast furnace capacity in Asia [76][78] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the current market weakness as an opportunity to differentiate the company by highlighting its low-cost position and ability to generate substantial free cash flow [83] - The company expects to return to normal operations at West Elk by Q4 after addressing localized geological challenges [65] Other Important Information - The company has maintained a perfect performance in environmental compliance, achieving zero environmental violations and a 47% reduction in CO2 equivalent emissions since 2011 [17] - The Board is committed to the capital return program, with ongoing discussions about the relative weighting of dividends versus share buybacks [9][70] Q&A Session Summary Question: Cost expectations for the metallurgical segment - Management expressed confidence in achieving cost guidance for the metallurgical segment, despite variability due to mining operations [29][30] Question: Market appetite for spot pricing - Management indicated confidence in managing the met book and remaining exposure, with ongoing efforts to optimize sales [31][33] Question: Discrepancy in asset retirement obligations - Management clarified that the funding on the asset side is primarily directed towards Black Thunder, with ongoing reclamation efforts [34][35] Question: Working capital return expectations - Management expects around $60 million to $65 million in working capital returns in the back half of the year, potentially skewed towards Q4 [43][45] Question: Performance expectations for West Elk - Management confirmed that West Elk is on track to return to normal operations by Q4, following a longwall move to a higher quality area [64][65] Question: Future market flexibility - Management indicated readiness to shift volumes to the seaborne market if it proves to be the best economic option [80]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 1-13105 Arch Resources, Inc. (Exact name of registrant as specified in its charter) Delaware 43-0921172 (State or ...

Arch Resources, Inc. (NYSE:ARCH) Q1 2023 Results Conference Call April 27, 2022 10:00 AM ET Company Participants Deck Slone - Senior Vice President of Strategy Paul Lang - President and Chief Executive Office John Drexler - Senior Vice President and Chief Operating Officer Matthew Giljum - Senior Vice President and Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Michael Dudas - Vertical Research Partners Operator Good day and welco ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 1-13105 Arch Resources, Inc. (Exact name of registrant as specified in its charter) Delaware 43-0921172 (State or ...

Financial Data and Key Metrics Changes - In Q4 2022, the company reported adjusted EBITDA of $256.5 million, a more than 15% improvement from Q3 levels [28] - Full year net income exceeded $1.3 billion, translating to $63.88 per diluted share, with adjusted EBITDA for the year also at $1.3 billion [6][28] - Operating cash flows for Q4 totaled $194 million, marking the lowest quarterly total for the year due to an increase in working capital [28] - The company ended the year with cash on hand of $273 million and total liquidity of $401 million [30] Business Line Data and Key Metrics Changes - The metallurgical segment saw a 16% sequential increase in shipping volumes and a 13% reduction in average unit costs in Q4 [19] - The legacy thermal segment generated $63.2 million in segment-level EBITDA for Q4, despite a decline in sales volumes due to poor rail service [21] - The metallurgical contract book is now approximately 75% contracted for projected 2023 coking coal output, with significant new commitments from Asian steel producers [23] Market Data and Key Metrics Changes - Coking coal prices remain well supported, with premium coking coal prices at $385 per metric ton and High-Vol A coking coal at $325 per metric ton [10] - The Newcastle index for thermal coal is currently trading at $220 per metric ton, above historical averages, despite a correction in global markets [14] - Global hot metal production, excluding China, was down 8.8% in 2022, yet the idle blast furnace capacity is starting to turn back on, supporting coking coal demand [10][12] Company Strategy and Development Direction - The company aims to leverage its competitive coking coal portfolio and cash-generating thermal assets to create significant discretionary cash flow in 2023 and beyond [15] - The capital return program was relaunched, targeting a return of 50% of discretionary cash flow via dividends and the other 50% for share buybacks and other value-driving options [9] - The company is focused on expanding its customer base in Asia, which is expected to be a primary growth driver for steel production in the coming decades [81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving higher sales volumes and lower unit costs in the metallurgical segment for 2023 [8] - The company is prepared to manage through potential market weakness while being well-positioned to capitalize on a strengthening macro environment [15] - Management highlighted the importance of addressing rail service challenges to fully execute plans for the thermal segment in 2023 [22] Other Important Information - The company achieved a record safety performance in 2022, with a safety record four times better than the industry average [7] - The company repaid over 70% of its indebtedness, returning to a net cash positive position within a year of completing its Leer South growth project [6] Q&A Session Summary Question: Shipment cadence for metallurgical segment - Management indicated that shipments are expected to be flat from Q4 to Q1, with a ratable cadence for the remaining quarters of the year [40] Question: Thermal segment dynamics and sales guidance - Management noted that rail challenges have limited export opportunities, but they are confident in achieving the expected thermal margins [42][45] Question: Working capital build in Q1 - Management anticipates a working capital build of at least $100 million in Q1 due to seasonal factors and rising prices [53] Question: Customer demand and inventory rebuilding - Management expressed confidence in customer demand for committed volumes, despite some headwinds from low natural gas prices [60] Question: M&A landscape and interest in met coal assets - Management stated that while they are open to considering acquisitions, the current environment is challenging for deals [76]