Skip to main content

8% boost in revenue for Arch Coal in 2Q18

Published by
World Coal,

Yesterday, American coal mining and processing company Arch Coal, Inc. (Arch) reported its 2Q18 results; a key highlight was the company’s achievement of a net income of US$43.3 million, or US$2.06 per diluted share, compared with net income of  US$37.2 million, or US$1.48 per diluted share, in the prior-year period.

The company earned adjusted earnings before interest, taxes, depreciation, depletion, amortisation and non-operating expenses (adjusted EBITDA) of US$85.4 million in the second quarter of 2018, which includes a US$15.1 million non-cash mark-to-market loss associated with the company's coal hedging activities. This compares to $95.6 million of adjusted EBITDA recorded in 2Q17. Revenues totaled US$592.3 million for the three months ended 30 June 2018, representing an 8% increase from the prior-year quarter.

Arch's CEO, John W. Eaves, commented: "Arch capitalised on a strong operating performance, robust coking coal markets and an improving logistics system to again generate very substantial levels of free cash flow during the quarter just ended."

"We used that free cash flow to buy back US$78 million of stock, or nearly one million shares, as we continued to execute on a capital return programme that we believe is creating excellent value for our shareholders, and the board showed its strong support for this strategy by expanding the buyback authorisation significantly. We plan to build upon our strong record of returning excess cash to shareholders as we progress through the year."

View the full update here:

Read the article online at:

You might also like

OSIsoft webinar

[WEBINAR] How to succeed in Digital Transformation in Mining and Materials

During this webinar, OSIsoft will explain their successful path to Digital Transformation, including Predictive Maintenance 4.0 from an asset reliability perspective, Health, Safety & Environment improvement opportunities, and Autonomous Operations for process optimisation. Register for free today »


NMA responds positively to WOTUS rule

The National Mining Association issued a statement from the NMA’s President & CEO, applauding the Environmental Protection Agency’s (EPA) rule.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

US coal news