Arch Resources Inc

ARCH

Equity

ISIN US03940R1077 / Valor 54569562

New York Stock Exchange, Inc (2024-12-26)

USD 137.23-0.66%

Arch Resources Inc
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About company

Arch Resources Inc is a prominent American company specializing in the production of metallurgical products, primarily serving the global steel industry. It is renowned for being the top supplier of premium High-Vol A metallurgical coal worldwide. The company operates through its subsidiaries, managing four advanced metallurgical mines, including the flagship Leer and Leer South longwall mines, as well as the Beckley and Mountain Laurel mines. These sites are noted for their high safety standards, environmental stewardship, and their role in producing a range of high-quality metallurgical products that cater to international markets. In addition to its metallurgical coal operations, Arch Resources also runs highly efficient thermal coal mines located in the Powder River Basin and Colorado. These mines are geared towards producing thermal coal that is competitive in both domestic and international power generation markets, emphasizing the company's diversified approach to coal production and its significant role in the energy sector.

Summarized from source with an LLMView SourceSector: Energy

Net Income

Arch Resources Inc. reported a net income of $14.8 million, or $0.81 per diluted share, in the second quarter of 2024. This is a significant decrease compared to the net income of $77.4 million, or $4.04 per diluted share, in the same quarter of the previous year.

Adjusted EBITDA

For the second quarter of 2024, Arch Resources Inc. achieved an adjusted EBITDA of $60.0 million. This figure is down from $130.4 million in the second quarter of 2023, reflecting the challenges faced during the period.

Revenue

Arch Resources Inc. generated revenues totaling $608.8 million for the three months ended June 30, 2024. This represents a decline from the $757.3 million reported in the same quarter of the previous year.

Share Repurchase and Dividend

During the second quarter of 2024, Arch Resources Inc. repurchased 94,367 shares at a total investment of $15.0 million and declared a quarterly cash dividend of $0.25 per share, amounting to a total payment of $4.6 million, payable in September.

Operational Achievements

Despite logistical challenges, Arch Resources Inc. shipped 2.0 million tons of coking coal in the second quarter of 2024 and achieved record production levels in its metallurgical segment. The company also paid down an incremental $12.5 million of debt, bringing its total debt level to $133.3 million and its net positive cash position to $146.0 million.

Summarized from source with an LLMView Source

Key figures

-18.3%1Y

54.1%3Y

92.0%5Y

Performance

37.7%1Y

48.7%3Y

57.1%5Y

Volatility