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News Breaks
February 5, 2013
08:47 EDTACIArch Coal sees 2013 sales from company-controlled operations 133M-144M tons
Arch Coal expects sales from company-controlled operations of 133M-144M tons for 2013.  Included in this range are projected sales of 8M-9M tons of metallurgical coal.  At expected volume levels, Arch said it is nearly 90% committed on thermal sales for 2013.  Given the below-capacity production levels set for 2013, Arch currently anticipates that cash costs per ton in each of its operating regions will be similar to 2012 levels. Capital expenditures totaled $395M in 2012, which was $145M less than in 2011 and $25Mless than the company's projected spend. For 2013, Arch expects capital spending to be at or below $350M, which includes $100M for the completion of the Leer metallurgical mine in Appalachia and $80 million for reserve additions. The company said, ""We expect 2013 to be a rebalancing year for global and domestic coal markets, and our current guidance range reflects this assumption. Coal price increases are likely to follow what we expect will be improving coal supply and demand trends.  As such, we believe our performance in the second half of 2013 is likely to be stronger than in the first half."
News For ACI From The Last 14 Days
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October 28, 2014
10:45 EDTACICONSOL rises after acknowledging long-term thermal coal MLP opportunity
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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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