Arch Resources Inc

NYSE:ARCHUnited States

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• Arch Resources Swings to Q3 Net Loss, Revenue Falls, from 8 hours ago by MT Newswires

  8 hours ago by MT Newswires
  Companies Mentioned: ARCH
  08:39 AM EST, 11/05/2024 (MT Newswires) -- Arch Resources (ARCH) reported a Q3 net loss Tuesday of $0.34 per diluted share, swinging from earnings of $3.91 a year earlier. Four analysts polled by Capital IQ expected earnings of $1.89 per share. Reve...

• Arch Resources Reports Third Quarter 2024 Results, from 10 hours ago by PR Newswire

  10 hours ago by PR Newswire
  Companies Mentioned: ARCH

  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

• *DJ Arch Resources 3Q Loss/Shr 34c >ARCH, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: ARCH

• Arch Resources Reports Third Quarter 2024 Results, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: ARCH
  settlements classified in "Other operating income, net" - (900) - (900) Transportation costs 79,370 23,802 - 103,172 Cost of coal sales from idled or otherwise disposed operations - - 4,646 4,646 Other (operating overhead, certain actuarial, etc.) - - 1,935 1,935 Non-GAAP Segment cash cost of coal sales $ 229,388 $ 220,355 $ - $ 449,743 ======================= ======================= ======================== ===================== Tons sold 2,445 13,769 Cash cost per ton sold $ 93.81 $ 16.00 Quarter ended June 30, 2024 Metallurgical Thermal All Other Consolidated ----------------------- ----------------------- ------------------------ --------------------- (In thousands) GAAP Cost of sales in the Condensed Consolidated Statements of Operations $ 287,187 $ 232,298 $ 9,199 $ 528,684 Less: Adjustments to reconcile to Non-GAAP Segment cash cost of coal sales Diesel fuel risk management derivative settlements classified in "Other operating income, net" - (900) - (900) Transportation costs 89,794 33,126 - 122,920 Cost of coal sales from idled or otherwise disposed operations - - 4,692 4,692 Other (operating overhead, certain actuarial, etc.) - - 4,507 4,507 Non-GAAP Segment cash cost of coal sales $ 197,393 $ 200,072 $ - $ 397,465 ======================= ======================= ======================== ===================== Tons sold 2,168 11,073 Cash cost per ton sold $ 91.03 $ 18.07 Quarter ended September 30, 2023 Metallurgical Thermal All Other Consolidated ----------------------- ----------------------- ------------------------ --------------------- (In thousands) GAAP Cost of sales in the Condensed Consolidated Statements of Operations $ 304,511 $ 288,518 $ 3,860 $ 596,889 Less: Adjustments to reconcile to Non-GAAP Segment cash cost of coal sales Diesel fuel risk management derivative settlements classified in "Other operating income, net" - (564) - (564) Transportation costs 77,806 30,128 - 107,934 Cost of coal sales from idled or otherwise disposed operations - - 1,184 1,184 Other (operating overhead, certain actuarial, etc.) - - 2,676 2,676 Non-GAAP Segment cash cost of coal sales $ 226,705 $ 258,954 $ - $ 485,659 ======================= ======================= ======================== ===================== Tons sold 2,346 16,831 Cash cost per ton sold $ 96.63 $ 15.39 Arch Resources, Inc. and Subsidiaries Reconciliation of Non-GAAP Measures (In thousands) Adjusted EBITDA Adjusted EBITDA is defined as net income attributable to the Company before the effect of net interest expense, income taxes, depreciation, depletion and amortization, accretion on asset retirement obligations and nonoperating expenses. Adjusted EBITDA may also be adjusted for items that may not reflect the trend of future results by excluding transactions that are not indicative of the Company's core operating performance. Adjusted EBITDA is not a measure of financial performance in accordance with generally accepted accounting principles, and items excluded from Adjusted EBITDA are significant in understanding and assessing our financial condition. Therefore, Adjusted EBITDA should not be considered in isolation, nor as an alternative to net income, income from operations, cash flows from operations or as a measure of our profitability, liquidity or performance under generally accepted accounting principles. The Company uses adjusted EBITDA to measure the operating performance of its segments and allocate resources to the segments. Furthermore, analogous measures are used by industry analysts and investors to evaluate our operating performance. Investors should be aware that our presentation of Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. The table below shows how we calculate Adjusted EBITDA. Three Months Ended September 30, Nine Months Ended September 30, ------------------------------------------------ -------------------------------------- 2024 2023 2024 2023 ------------------------ ---------------------- ----------------- ------------------- (Unaudited) (Unaudited) Net income (loss) $ (6,221) $ 73,691 $ 64,565 $ 349,152 (Benefit from) provision for income taxes (6,608) 16,781 (887) 66,839 Interest expense, net (1,753) (1,683) (5,007) (1,557) Depreciation, depletion and amortization 40,890 36,717 118,149 108,273 Accretion on asset retirement obligations 5,869 5,292 17,608 15,877 Merger related costs 7,002 - 7,002 - Severance cost related to voluntary separation plan 6,649 - 6,649 - Non-service related pension and postretirement benefit credits (1,667) (4,507) (1,096) (5,692) Net loss resulting from early retirement of debt - - - 1,126 ------------------------ ---------------------- ----------------- ------------------- Adjusted EBITDA $ 44,161 $ 126,291 $ 206,983 $ 534,018 EBITDA from idled or otherwise disposed operations 4,101 30 11,493 8,726 Selling, general and administrative expenses 20,603 24,279 68,708 73,092 Other (1,851) 1,095 (1,360) 7,189 ------------------------ ---------------------- ----------------- ------------------- Segment Adjusted EBITDA from coal operations $ 67,014 $ 151,695 $ 285,824 $ 623,025 ======================== ====================== ================= =================== Segment Adjusted EBITDA Metallurgical 54,167 128,322 270,978 524,218 Thermal 12,847 23,373 14,846 98,807 ------------------------ ---------------------- ----------------- ------------------- Total Segment Adjusted EBITDA $ 67,014 $ 151,695 $ 285,824 $ 623,025 ======================== ====================== ================= ===================