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August 14, 2014
08:21 EDTACI, ANR, ARLP, CNX, WLT, CLD, BTUWhile Appalachian mines close, U.S. ramps up coal imports, WSJ says
Coal imports surged 44% to 5.4M metric tons during the first six months of this year compared with last, despite coal mines closing throughout the Appalachia region, reported The Wall Street Journal, which noted that IHS Energy said it costs $26 a ton to ship coal from Central Appalachia to Florida but only $15 a ton to get coal from a mine in Colombia. Imports supply just 1% of U.S. coal consumption, but the imports, especially from Colombia, "are a factor" in mine closings, the report added. Publicly traded coal companies include Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU), Alliance Resource Partners (ARLP), and Walter Energy (WLT). Reference Link
News For ACI;ANR;ARLP;CNX;WLT;CLD;BTU From The Last 14 Days
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October 28, 2014
07:49 EDTACIArch Coal maintains targeted sales volume in 2014
For 2014, Arch is maintaining its targeted sales volume range, which reflects the expectation for further improvement in rail service in the Powder River Basin during the fourth quarter. The company also recognizes the potential for some contracted tons in the Powder River Basin to carry over into 2015. Arch has again reduced its 2014 cost guidance range for the Bituminous Thermal segment due to a strong operating performance achieved year-to-date. The company also further reduced its corporate administrative budget, and now projects expenses of between $117 million and $121 million for 2014, representing a $7 million reduction since the start of the year. Additionally, Arch is reducing its capital expenditures for 2014, and now expects to spend between $160 million and $170 million for sustaining capital programs, inclusive of land and reserve additions.
07:49 EDTACIArch Coal believes global coal markets are in early stages of rebalancing
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07:48 EDTACIArch Coal reports total incident rate for nine months in 2014 was 15% better YoY
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07:47 EDTACIArch Coal sees western thermal operations to benefit from improving rali service
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07:46 EDTACIArch Coal reports Q3 adjusted EPS (45c), consensus (41c)
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06:52 EDTCNXCONSOL continues to expect FY15, FY16 annual gas production to grow by 30%
06:51 EDTCNXCONSOL sees Q4 gas production about 70-75 Bcfe
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06:49 EDTCNXCONSOL raises FY14 E&P production guidance to 235-240 Bcfe from 225-235 Bcfe
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06:48 EDTCNXCONSOL reports Q3 adjusted EPS 9c, consensus 19c
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October 27, 2014
17:05 EDTARLPAlliance Resource Partners raises quarterly cash distribution 2.0%
ARLP also announced that the board of directors of its managing general partner increased the cash distribution to unitholders for the 2014 Quarter to 63.75c per unit-an annualized rate of $2.55 per unit, payable on November 14 to all unitholders of record as of the close of trading on November 7. The announced distribution represents an 8.5% increase over the cash distribution of $0.5875 per unit for the 2013 Quarter and a 2.0% increase over the cash distribution of 62.5c per unit for the quarter ended June 30. The comparative distributions per unit, as well as net income per basic and diluted limited partner unit, reflected in this press release have been adjusted for the two-for-one unit split completed on June 16 .
17:02 EDTARLPAlliance Resource Partners reports Q3 EPS $1.13, consensus $1.07
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15:36 EDTCNXNotable companies reporting before tomorrow's open
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15:29 EDTCLDCloud Peak management to meet with FBR Capital
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October 24, 2014
09:11 EDTCNXCONSOL price target lowered to $45 from $52 at Brean Capital
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October 20, 2014
08:10 EDTBTUPeabody sees FY14 adjusted EPS ($1.48)-($1.38), consensus ($1.46)
Targets reflect lower seaborne thermal coal pricing and reduced production at the Wilpinjong Mine as strong year-to-date performance is expected to result in the mine reaching annual permit levels before year end. Expects total sales of 245 to 255 million tons, including U.S. sales of 185 to 190 million tons and Australian sales of 36 to 38 million tons; U.S. costs per ton 1 to 3 percent below 2013 levels on cost containment efforts. U.S. revenues per ton improved to 2 to 4 percent below 2013 levels on higher realized price per ton; and Australian costs that have been lowered to approximately $70 per ton, as a result of successful cost reduction initiatives and operating performance.
08:08 EDTBTUPeabody cuts FY14 CapEx to $200M-$220M
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08:08 EDTBTUPeabody seeing favorable industry indicators over Chinese coal imports
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08:07 EDTBTUPeabody reports Q3 adjusted EPS (59c), consensus (66c)
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06:19 EDTCNXCONSOL upgraded to Buy from Neutral at Citigroup
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October 17, 2014
08:04 EDTBTUPeabody volatility elevated into Q3 and outlook
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