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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:04 EDTACI, CLD, ANR, WLT, CNX, BTU, ARLPArch Coal bonds may be better bet than stock, WSJ says
Arch Coal (ACI) common stock may tempt value-minded investors following its decline of over 80% in the last three years, but its bonds may be a better bet, according to The Wall Street Journal's "Heard on the Street" column. Arch's 7% unsecured senior notes due in 2019 trade at a spread over comparable Treasurys of almost 12 percentage points, the column noted. Other publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
News For ACI;CLD;ANR;WLT;CNX;BTU;ARLP From The Last 14 Days
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July 29, 2014
16:30 EDTCLDCloud Peak sees FY14 capital expenditures $30M-$40M
Sees FY14 coal shipments for three owned and operated mines 85M-89M tons; anticipated realized price of produced coal with fixed prices of approximately $13.05 per ton; adjusted EBITDA $180M-$210M; net interest expense approximately $77M; depreciation, depletion and accretion $125M-$135M; and committed federal coal lease payments $69M.
16:26 EDTCLDCloud Peak reports Q2 non-GAAP EPS 1c, consensus (2c)
Reports Q2 revenue $320.9M, consensus $332.08M.
07:46 EDTACIArch Coal reports Q2 adj. EPS (46c), consensus (49c)
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06:45 EDTCNXCONSOL reports Q2 coal production 8.3M tons
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06:42 EDTCNXCONSOL raises FY14 E&P production guidance to 225-235 Bcfe from 215-235 Bcfe
CONSOL Energy recently raised its 2014 E&P production guidance range to 225 - 235 Bcfe from earlier guidance of 215 - 235 Bcfe. To achieve the mid-point of the new range, the company will need to produce approximately 60 Bcfe in Q3 and 70 Bcfe in Q4. The company has a record number of Marcellus Shale wells due to be tied into line in Q3.
06:40 EDTCNXCONSOL reports Q2 EPS (11c), may not compare to consensus 25c
Reports Q2 revenue $937.37M, consensus $923.28M. Reports Q2 E&P Division production 51.9 Bcfe, up 34%.
July 28, 2014
15:47 EDTCNXNotable companies reporting before tomorrow's open
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07:11 EDTARLPAlliance Resource still sees 'strong' performance for rest of 2014
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07:09 EDTARLPAlliance Resource Partners increases distribution by 2.25% to 62.5c
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07:08 EDTARLPAlliance Resource Partners increases distribution by 2.25% to 62.5c
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07:07 EDTARLPAlliance Resource reports Q2 EPS $1.37, may not compare consensus to $1.00
Reports Q2 revenue $598.6M, consensus $574.31M.
July 22, 2014
11:43 EDTBTUPeabody sees metallurgical coal demand picking up in 2H
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08:08 EDTBTUPeabody sees Q3 adjusted EPS (53c)-(40c), consensus (20c)
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08:07 EDTBTUPeabody sees FY14 sales of 245M-260M tons of coal
For FY14, Peabody now has total sales targets of 245M-260M tons, including U.S. sales of 185M-190M tons and Australian sales of 35M-37M tons. Sees U.S. costs per ton 1%-3% below 2013 levels on cost containment efforts, with U.S. revenues per ton 4%-7% below 2013 levels due to price re-openers and Australian costs in the low-to-mid $70 per ton range. Sees full-year depreciation, depletion and amortization approximately 5%-10% below 2013 levels.
08:03 EDTBTUPeabody reports 2Q adjusted EPS (28c), consensus (29c)
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July 21, 2014
16:19 EDTACIArch Coal idles Cumberland River coal complex, eliminates 213 full-time jobs
Arch Coal announced that it is idling the Cumberland River Coal Company complex. The Cumberland River complex comprises two underground operations and related facilities. 213 full-time positions will be eliminated by idling Cumberland River. "With this move, we are actively responding to currently challenged metallurgical coal markets while striving to enhance our overall competitive cost position in Appalachia," said John Eaves, Arch's president and CEO. "Our strategy is to increasingly shift our portfolio toward higher-margin, lower-cost metallurgical coal operations, while retaining our valuable reserves for when market conditions strengthen in the future."

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