Arch Coal Aktie News

Achieves net income of $56.0 million and adjusted EBITDA of $102.9 million Declares a quarterly cash dividend of $20.7 million, or $1.11 per share Reduces diluted share count by an incremental 3 percent during the quarter  ST. LOUIS , April 25, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) today reported net income of $56.0 million, or $2.98 per diluted share, in the first quarter of 2...

The past couple of weeks have been increasingly volatile for U.S. equities markets. The Nasdaq fell 3.55% last week, while the S&P500 had fallen 3.05%.

The Port of Baltimore is one of the major ports on the East Coast of the U.S., and has historically been a significant point for the export of coal. However, to be able to access the port, ships would have needed to go under the Francis Scott Key Bridge.

ST. LOUIS , April 17, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) will discuss its first quarter 2024 financial results in an investor conference call on Thursday, April 25, 2024 at 10:00 a.m. Eastern time.

Mid-cap stocks present an especially enticing narrative at junctures such as this, when it's difficult to decipher the market's trajectory. Stated differently, sometimes it's best just to drive down the middle lane.

The Francis Scott Key Bridge in Baltimore was struck by a cargo ship, causing significant damage and loss of life. The accident has disrupted major supply chains, particularly in maritime transportation and the traffic situation in the Baltimore area. Automotive companies are finding alternative shipping routes, while coal exporters are facing a shutdown of coal exports for at least six weeks.

ST. LOUIS , March 19, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) today announced that George J. Schuller Jr., a highly regarded mining industry executive with decades of senior operational leadership experience, has joined the company as senior vice president and chief operating officer, effective immediately.

Arch Resources is a major coal mining company in the US, with a focus on metallurgical coal production. Q4 2023 saw an increase in earnings due to higher met coal sales prices and decreased operating costs. ARCH plans to decrease its share count through buybacks and is committed to returning 100% of discretionary cash flow to shareholders.