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Stock Market & Financial Investment News

News For CLD;CNX;BTU;WLT;ARLP;ANR;ACI;JRCC From The Last 14 Days
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January 30, 2015
06:58 EDTCNXCONSOL expects to invest $1B in E&P Division during FY15
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06:55 EDTCNXCONSOL reports Q4 Coal Division production 8M tons
During Q4, CONSOL's Coal Division produced 8.0M tons, which was in-line with previous quarter's guidance, despite a roof fall on a longwall at Bailey Mine and continued geological conditions at Enlow Fork, which ultimately resulted in 10 days of reduced production. The Bailey Mine produced 2.7M tons in Q4, compared to 2.8M tons produced in the year-earlier quarter. The Enlow Fork Mine produced 2.6M tons in Q4, which is flat when compared to the year-earlier quarter. Despite difficult geological conditions, Enlow Fork managed to record total unit costs of $38.25 per ton, which is the lowest unit cost across the Coal Division. Enlow Fork's 2014 annual production was 10.6M tons. The Harvey Mine produced 1.1M tons in Q4. The Harvey Mine started longwall operations in late March of 2014, and CONSOL expects normal levels of longwall production moving forward. The Buchanan Mine continued to operate on a reduced schedule of two shifts per day and produced 1M tons during Q4, compared to 1.2M tons produced in the year-earlier quarter. The reduced schedule allowed the mine to optimize its cost structure for decreased levels of production, which is reflected in much lower all-in unit costs during Q4 of $53.96 per ton, compared to $66.60 per ton in the year-earlier quarter. The Buchanan Mine is able to quickly ramp up to the full production capacity rate of 5.0M tons per year when market conditions warrant. During the quarter, and in conjunction with the reduced operating schedule, CONSOL has continued maintenance work on the production shaft, which is on-track for completion by late 2015, or early 2016.
06:52 EDTCNXCONSOL sees FY15 gas production 300-310 Bcfe
CONSOL FY15 gas production is expected to be between 300-310 Bcfe, or 30% growth compared to 2014 total production. CONSOL Energy continues to expect 2016 annual gas production to grow by 30%.
06:52 EDTCNXCONSOL sees Q1 gas production 70-74 Bcfe
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06:49 EDTCNXCONSOL reports Q4 reports Q4 E&P Division production 70.5 Bcfe
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06:47 EDTCNXCONSOL reports Q4 adjusted EPS 25c, consensus 20c
Reports Q4 revenue $935.67M, consensus $958.71M.
January 29, 2015
15:37 EDTCNXNotable companies reporting before tomorrow's open
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10:05 EDTANR, CLD, ACI, CNX, BTUOn The Fly: Analyst Initiation Summary
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07:21 EDTBTUPeabody initiated with a Neutral at Macquarie
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07:21 EDTCNXCONSOL initiated with a Neutral at Macquarie
Target $31.50.
07:20 EDTCLDCloud Peak initiated with a Neutral at Macquarie
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07:20 EDTACIArch Coal initiated with a Neutral at Macquarie
Target $1.25.
07:20 EDTANRAlpha Natural initiated with an Underperform at Macquarie
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January 28, 2015
17:07 EDTBTUPeabody initiated with a Neutral at Macquarie
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17:07 EDTCNXCONSOL initiated with a Neutral at Macquarie
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17:06 EDTCLDCloud Peak initiated with a Neutral at Macquarie
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17:06 EDTACIArch Coal initiated with a Neutral at Macquarie
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17:05 EDTANRAlpha Natural initiated with an Underperform at Macquarie
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09:59 EDTBTUOn The Fly: Analyst Downgrade Summary
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09:02 EDTBTUPeabody downgraded to Hold from Buy at BB&T
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07:15 EDTARLPAlliance Resource Partners coal reserves increase to about 1.6B tons
ARLP announced that, through a series of transactions agreed to during the 2014 quarter, its total coal reserve position will increase approximately 50.0% to 1.6B tons. The mining rights acquired and under contract to be acquired, the majority of which will be leased by ARLP from related and other third parties, are in the Kentucky Nos. 6, 7, 9, 11 and 13 coal seams and total approximately 452.2M tons. As a result of the transactions, ARLP will be able to reclassify approximately 85.0M tons of currently controlled non-reserve coal deposits as reserves, resulting in a total increase to its Illinois Basin coal reserves of approximately 537.2M tons. The reserves are located in Webster, Union, and Henderson Counties, Kentucky and provide ARLP with strategic advantages and opportunities in the region. The Webster County reserves significantly extend the life of ARLP’s Dotiki No. 13 seam mine. The remaining coal reserves are near our River View mine, providing ARLP the option to almost double River View’s current production and adding three new potential development projects to ARLP’s organic growth portfolio. ARLP paid $11.5M in cash and assumed approximately $6.0M of related reclamation liabilities for the reserves and related surface properties acquired in the 2014 Quarter. The coal supply agreements acquired from Patriot give ARLP the right to deliver approximately 5.1 to 5.6 million tons of coal from 2015 through 2017. The mining equipment and underground infrastructure to be acquired from Patriot is expected to be used by ARLP’s other operations in the region. Assuming consummation of the transactions, total consideration payable to Patriot by ARLP will be approximately $40M-$50M, which includes $21M paid in 2014.
07:13 EDTARLPAlliance Resource Partners sees FY15 revenue $2.39B-$2.48B, consensus $2.42B
During 2015, coal production is currently estimated in a range of 40.4 to 42.5 million tons and sales volumes are expected to increase to a range of 41.4 to 43.5 million tons. ARLP has secured price commitments for approximately 39.3 million tons in 2015 and has also secured coal sales and price commitments for approximately 28.9 million tons, 12.8 million tons and 9.6 million tons in 2016, 2017 and 2018, respectively. Total 2015 capital expenditures for ARLP’s operating activities are currently estimated in a range of $300M-$330M, including maintenance capital expenditures.
07:12 EDTARLPAlliance Resource Partners increases distribution 2% to 65c per unit
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07:07 EDTARLPAlliance Resource Partners reports Q4 EPS $1.18, consensus $1.18
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January 27, 2015
16:16 EDTWLTWalter Energy suspends dividend
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12:28 EDTBTUOn The Fly: Midday Wrap
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09:17 EDTBTUOn The Fly: Pre-market Movers
HIGHER: Silicon Image (SIMG), up 23% after signing agreement to be acquired by Lattice Semiconductor (LSCC)... USA Technologies (USAT), up 5% following nationwide roll-out of new Apple Pay points... TE Connectivity (TEL), up 3.9% following a Wall Street Journal report that the company is close to a deal with Commscope (COMM)... Select Comfort (SCSS), up 1% after being upgraded to Buy from Hold at Stifel. DOWN AFTER EARNINGS: Microsoft (MSFT), down 8.2%... Caterpillar (CAT), down 7.8%... Packaging Corp (PKG), down 8.3%... Peabody Energy (BTU), down 5.3%... Freeport-McMoRan (FCX), down 5.7%... Polaris Industries (PII), down 2.1%... United Technologies (UTX), down 2.3%... Procter & Gamble (PG), down 2.6%.
08:44 EDTBTUPeabody lowers February dividend to 0.25c per share from 8.5c
As part of a comprehensive program to manage cash and liquidity, Peabody announced earlier that it has reduced the February quarterly dividend to 0.25c per share. "Peabody's Board of Directors will continue to evaluate the appropriate dividend level on a quarterly basis. Given market conditions in recent years, Peabody has taken aggressive actions to reduce operating and corporate costs, lower capital spending and complete asset sales to maintain adequate levels of cash and liquidity. Over the next two years, Peabody has nearly $1B in annual cash payments associated with debt service, capital investments, Powder River Basin reserve installments and health benefit trust payments. The annual payments related to the final Powder River Basin reserve installments and health benefit trust payments amount to approximately $350M of the total, and end within two years," the company said.
08:10 EDTBTUPeabody sees Q1 adjusted EPS (39c)-(32c), consensus (24c)
Sees Q1 adjusted EBITDA $160M-$200M. Compared with the fourth quarter of 2014, first quarter 2015 targets reflect the above mentioned annual guidance, lower seaborne thermal coal pricing, expected lower Resource Management contributions and two Australian longwall moves.
08:09 EDTBTUPeabody sees FY15 sales volumes 245M-265M tons
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08:06 EDTBTUPeabody sees 2015 metallurgical coal import demand increases to outpace supply
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08:05 EDTBTUPeabody says 2014 was a 'turbulent year for coal markets'
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08:04 EDTBTUPeabody reports Q4 EPS ($1.21), consensus (35c)
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January 26, 2015
15:40 EDTBTUNotable companies reporting before tomorrow's open
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11:43 EDTBTUPeabody upgraded to In-Line from Underperform at Imperial Capital
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11:36 EDTBTUPeabody upgraded to In-Line from Underperform at Imperial Capital
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January 22, 2015
10:12 EDTBTUPeabody names Glenn Kellow President and President-elect
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January 21, 2015
10:26 EDTARLPHigh option volume stocks
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January 20, 2015
09:36 EDTANRAlpha Natural downgraded to Underweight from Equal Weight at Morgan Stanley
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09:36 EDTCLDCloud Peak upgraded to Overweight from Equal Weight at Morgan Stanley
January 16, 2015
13:33 EDTBTUManning & Napier Advisors reports 11.97% passive stake in Peabody
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