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Stock Market & Financial Investment News

News Breaks
January 7, 2014
07:16 EDTBTU, ACI, ANR, CLDCoal down, not out, WSJ reports
While 2013 was a tough one for the coal industry, it isn't going away. Coal remains the biggest source of fuel for generating electricity (BTU, ACI, ANR, CLD) in the U.S. and coal exports are growing fast. Overall, U.S. coal production is projected to remain relatively constant over the next three decades, reports the Wall Street Journal.Reference Link
News For BTU;ACI;ANR;CLD From The Last 14 Days
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October 30, 2014
08:20 EDTANRAlpha Natural back 2014 capital expenditures at $225M-$275M
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08:19 EDTANRAlpha Natural raises 2014 shipment guidance for Eastern coals, maintains PRB
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08:12 EDTANRAlpha Natural says may consider sale of some or all Rice Energy shares
As of the end of the third quarter of 2014, Alpha Natural (ANR) had total liquidity of approximately $2.3B, consisting of cash, cash equivalents and marketable securities of more than $1.3B, which includes approximately 6.4M shares of Rice Energy (RICE) valued at approximately $170M, and more than $0.9B available under the Company's secured credit and accounts receivable securitization facilities. Alpha said, "Rice Energy shares held by Alpha are subject to customary lock-up provisions which expire on November 11, after which we may consider a potential sale of some or all of these shares." Total long-term debt, net of debt discounts, and including the current portion of long-term debt as of September 30, was approximately $3.9B, including approximately $154M of senior convertible notes maturing in 2015.
08:11 EDTANRAlpha Natural continuing to assess Central Appalachian thermal production
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08:09 EDTANRAlpha Natural reports Q3 adjusted EPS (53c), consensus (70c)
Reports Q3 revenue $1.05B, consensus $998.65M. "While coal markets remained extremely challenging in the third quarter, we continue to be proactive by thoughtfully rationalizing our production base, reducing costs and maximizing efficiency. Our continuing cost reduction efforts in the East and other corporate actions are yielding strong results, including multi-year lows in Eastern adjusted cost of coal sales at $61.69 per ton in the third quarter, allowing us to reduce our Eastern cost of coal sales guidance for 2014 by $2.00 to a midpoint of $63.00 per ton. Although costs in the PRB were lower in the third quarter compared to the second quarter, they once again came in above our expectations, primarily due to rail underperformance, which continues to hinder shipment volumes," said Kevin Crutchfield, chairman and CEO.
October 29, 2014
16:59 EDTCLDCloud Peak narrows 2014 shipment view to 84M-86M tons from 85M-89M tons
16:57 EDTCLDCloud Peak narrows FY14 adjusted EBITDA view to $180M-$200M from $180M-$210M
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16:54 EDTCLDCloud Peak reports Q3 adjusted EPS 2c, consensus 2c
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October 28, 2014
10:45 EDTANR, CLD, BTU, ACICONSOL 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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October 27, 2014
15:29 EDTCLDCloud Peak management to meet with FBR 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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