Arch Coal's (ARCH) Q3 Earnings And Revenues Beat Estimates

www.investing.com/analysis/arch-coals-arch-q3-earnings-and-revenues-beat-estimates-200476705

By Zacks Investment Research | Oct 22, 2019 10:48PM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

AMZN

-1.09%

Add to/Remove from Watchlist

CNX

-0.80%

Add to/Remove from Watchlist

ARCH

-1.25%

Add to/Remove from Watchlist

CCR

0.00%

Add to/Remove from Watchlist

BTU

-0.26%

Add to/Remove from Watchlist

CEIX

+0.28%

Add to/Remove from Watchlist

Arch Coal Inc. (NYSE:ARCH) reported third-quarter 2019 operating earnings of $4.03 per share, which beat the Zacks Consensus Estimate of $3.29 by 22.5%.

The impressive results can be attributed to excellent cost performance and strong sales volume in its Metallurgical and Power River Basin segments.

Total Revenues

Total revenues in the reported quarter amounted to $619.5 million, which beat the Zacks Consensus Estimate of $584 million by 6.1%. However, the figure declined 2.2% on a year-over-year basis due to lower sales price in the metallurgical segment.

Arch Coal Inc. Price, Consensus and EPS Surprise

Arch Coal Inc. Price, Consensus and EPS Surprise

Arch Coal Inc. price-consensus-eps-surprise-chart | Arch Coal Inc. Quote

Segment Details

In the Metallurgical segment, the company sold 2.1 million tons of coal compared with the prior-year figure of 1.9 million tons. It recorded cash margins of $34 per ton compared with $42.21 in the year-ago quarter, owing to lower sales price.

During the quarter, the Powder River Basin segment’s cash margin per ton decreased by a penny on a year-over-year basis to $2.25. The company sold 22.2 million tons, up from the year-ago figure of 21.5 million tons.

In the Other Thermal segment, its cash margin was $8.36 per ton, down 9.9% from $9.28 in the year-ago quarter. Shipment also declined 20% year over year to 2 million tons.

Highlights of the Release

During the quarter, the company entered into an agreement to acquire 20 million tons of low-cost, high-quality, High-Vol A coking coal reserves directly adjacent to the Leer mine for a purchase price of $52.5 million. This agreement will increase Arch Coal’s High-Vol A reserves at the Leer mine by 24 million tons at a cost of around $2.50 per ton.

During the quarter, the company repurchased 1,170,000 shares of common stock, representing 4.7% of initial shares outstanding, at a total investment of $91.4 million. In the last 10 quarters, Arch Coal invested a total of $816.9 million to buy back 10 million shares.

Financial Highlights

Cash and cash equivalents as of Sep 30, 2019 were $175.4 million compared with $264.9 million at the end of 2018.

Long-term debt as of Sep 30, 2019 was $292.8 million compared with $300.2 million at the end of 2018.

Cash provided from operating activities in the first nine months of 2019 was $334.1 million compared with $266.1 million in the comparable year-ago period.

Guidance

Arch Coal reiterated its view for coking coal volume for 2019 in the range of 6.7-7.1 million tons and total sales volume within 86.7-92.1 million tons.

Zacks Rank

Arch Coal currently holds a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Releases

Peabody Energy (NYSE:BTU) is scheduled to report third-quarter 2019 results on Oct 29. The Zacks Consensus Estimate for loss for the quarter to be reported is pegged at 41 cents per share.

CONSOL Energy Inc (NYSE:CNX). (NYSE:CEIX) is slated to report third-quarter 2019 results on Nov 5. The Zacks Consensus Estimate for earnings for the to-be-reported quarter is pegged at 50 cents per share.

CONSOL Coal Resources LP (NYSE:CCR) is scheduled to announce third-quarter 2019 results on Nov 5. The Zacks Consensus Estimate for earnings for the quarter is pegged at 36 cents per share.

Wall Street’s Next Amazon (NASDAQ:AMZN)

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Peabody Energy Corporation (BTU): Free Stock Analysis Report

Arch Coal Inc. (ARCH): Free Stock Analysis Report

Consol Energy Inc. (CEIX): Free Stock Analysis Report

CONSOL Coal Resources LP (CCR): Free Stock Analysis Report

Original post

Zacks Investment Research

Fed Likely to Raise Rates Again This Week, Indicate More on the Way By Michael Kramer - Mar 20, 2023

This will certainly be an interesting week, especially with the Federal Reserve meeting scheduled for Wednesday. I anticipate that Jay Powell will raise interest rates on...

Russell 2000 and S&P 500 Could Break Lower, Take Nasdaq Down With Them By Declan Fallon - Mar 20, 2023

Tricky times for markets, but for the Russell 2000 in particular. Since the start of the Silicon Valley Bank crisis, we have seen a rapid deterioration in the state of the markets,...

1 Stock to Buy, 1 Stock to Sell This Week: Nvidia, ExxonMobil By Jesse Cohen/Investing.com - Mar 19, 2023 20

Fed rate decision, Powell comments, bank crisis developments will drive markets in the week ahead. Nvidia stock is set to shine amid AI buzz ahead of ‘GTC 2023’...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

Central Banks

Interest Rates

Next Meeting

FED

4.75%

Mar 22, 2023

ECB

3.50%

May 04, 2023

BOE

4.00%

Mar 23, 2023

SNB

1.00%

Mar 23, 2023

RBA

3.60%

Apr 04, 2023

BOC

4.50%

Apr 12, 2023

RBNZ

4.75%

May 24, 2023

BOJ

-0.10%

Apr 28, 2023

CBR

7.50%

Apr 28, 2023

RBI

6.50%

Apr 03, 2023

PBOC

3.65%

BCB

13.75%

Mar 22, 2023

US 30	31,826.0	-36.0	-0.11%
US 500	3,915.6	-1.0	-0.03%
Dow Jones	31,861.98	-384.57	-1.19%
S&P 500	3,916.64	-43.64	-1.10%
Nasdaq	11,630.51	-86.76	-0.74%
S&P 500 VIX	26.61	+1.10	+4.31%
Dollar Index	103.308	-0.052	-0.05%

Crude Oil WTI	65.16	-1.77	-2.64%
Brent Oil	71.00	-1.97	-2.70%
Natural Gas	2.386	+0.048	+2.05%
Gold	1,991.05	+17.55	+0.89%
Silver	22.692	+0.230	+1.02%
Copper	3.9257	+0.0332	+0.85%
US Soybeans	1,465.12	-10.88	-0.74%

U.S. 10Y	3.360	-0.037	-1.10%
U.S. 30Y	3.596	-0.005	-0.15%
U.S. 5Y	3.3924	-0.0740	-2.12%
U.S. 3M	4.5447	+0.0860	+1.92%
US 10Y T-Note	116.16	+0.34	+0.30%
Euro Bund	138.81	+0.85	+0.62%
10-2 Yield Spread	-41.16	+18.72	+-31.26%

Apple	155.00	-0.85	-0.55%
Alphabet A	101.62	+1.30	+1.30%
Tesla	180.13	-4.00	-2.17%
Amazon.com	98.95	-1.09	-1.09%
Netflix	303.50	-6.56	-2.12%
Meta Platforms	195.61	-9.32	-4.55%
Bank of America	27.82	-1.15	-3.97%

Arch Coal's (ARCH) Q3 Earnings And Revenues Beat Estimates

Related Articles