Last $43.00 MXN
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As of 4:09 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

arch coal inc (ACI*) Snapshot

Open
$43.00
Previous Close
$43.00
Day High
$43.00
Day Low
$43.00
52 Week High
04/7/14 - $67.00
52 Week Low
07/29/14 - $37.10
Market Cap
9.1B
Average Volume 10 Days
1.4K
EPS TTM
--
Shares Outstanding
212.3M
EX-Date
02/26/14
P/E TM
--
Dividend
$0.01
Dividend Yield
0.31%
Current Stock Chart for ARCH COAL INC (ACI*)

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arch coal inc (ACI*) Details

Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2013, it operated or contracted out the operation of 22 mines, and owned or controlled approximately 5.3 billion tons of proven and probable recoverable reserves. The company also owned or controlled primarily through long-term leases approximately 32,135 acres of coal land in Ohio; 22,417 acres of coal land in Maryland; 46,532 acres of coal land in Virginia; 425,038 acres of coal land in West Virginia; 107,668 acres of coal land in Wyoming; 267,024 acres of coal land in Illinois; 19,428 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; and 20,166 acres of coal land in Colorado, as well as coal land in Kentucky. In addition, it owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas. The company sells coal to power plants, steel mills, and industrial facilities. Arch Coal, Inc. was founded in 1969 and is headquartered in St. Louis, Missouri.

Founded in 1969

arch coal inc (ACI*) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $850.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $450.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $650.0K
Senior Vice President of Operations
Total Annual Compensation: $410.0K
Senior Vice President of Law, General Counsel...
Total Annual Compensation: $365.0K
Compensation as of Fiscal Year 2013.

arch coal inc (ACI*) Key Developments

Arch Coal Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half and Full Year of 2014; Reports Asset Impairment Costs for the Second Quarter Ended June 30, 2014

Arch Coal Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenues were $713.8 million against $766.3 million a year ago. Los from operations was $35.8 million against $36.3 million a year ago. Loss from continuing operations before income taxes was $131,729,000 against 129,819,000 against a year ago. Net loss was $96.9 million against $72.2 million a year ago. Basic and diluted loss per share was $0.46 against $0.34 a year ago. Adjusted diluted LPS were $0.46 against $0.29 a year ago. Adjusted EBITDA from continuing operations was $64.9 million against $93.1 million a year ago. Loss from continuing operations was $96,860,000 against $80,351,000 a year ago. CapEx spending was just $21 million during the second quarter. Net debt was $4,154,818,000. Adjusted net loss attributable to company was $97,965,000 against $60,511,000 a year ago. For the six months ended, revenues were $1,449.7 million against $1,503.7 million a year ago, largely due to lower metallurgical coal revenues versus the prior-year period. Los from operations was $108.9 million against $87.7 million a year ago. Loss from continuing operations before income taxes was $299,479,000 against 273,488,000 against a year ago. Net loss was $221 million against $142.3 million a year ago. Loss from continuing operations was $220,999,000 against $164,667,000 a year ago. Adjusted diluted LPS was $1.06 against $0.62 a year ago. Adjusted EBITDA from continuing operations was $92.5 million against $149 million a year ago. Cash used in operating activities was $78,346,000 against cash provided by operating activities of $52,045,000 a year ago. Basic and diluted loss per share was $1.04 against $0.67 a year ago. Capital expenditures were $95,746,000 against $169,064,000 a year ago. Payments of minimum royalties were $3,341,000 against $10,162,000 a year ago. Adjusted net loss attributable to company was $224,470,000 against $132,359,000 a year ago. The company now expects thermal sales volumes for 2014 to be in the range of 124 million to 130 million tons, compared with its prior forecast of 124 million to 132 million tons. For metallurgical coal sales, it now expects to ship between 6.3 million and 6.9 million tons for 2014, down from its prior view for 6.3 million and 7.3 million tons. In addition, it is further reducing its capital expenditures for 2014, and now expects to spend $170 million to $180 million for capital programs, inclusive of land and reserve additions. In April, the company targeted 2014 capital spending from $180 million to $190 million. Cash interest expense will be between $360 million and $370 million for 2014. D, D&A is to be from $410 million to $430 million. Total interest expense between $382 million and $392 million and a tax benefit for the year in the range of 20% to 40%. The company anticipated meaningfully lower levels of cash flow use in the back half of the year 2014. For the second quarter of 2014, the company's asset impairment costs were $1,512,000.

Arch Coal Inc. Idles Cumberland River Coal Complex

Arch Coal Inc. announced that it is idling the Cumberland River Coal Company complex (Cumberland River), located in Wise County, Va., and Letcher County, Ky. Cumberland River comprises two underground operations and related facilities. In total, 213 full-time positions will be eliminated by idling Cumberland River, and the company is taking steps to provide opportunities at other Arch subsidiaries where available.

Arch Coal Lays Off 213 in Appalachia Mine Closure

Arch Coal Inc. is laying off 213 full-time employees associated with its Cumberland River Coal Company complex in Wise County, Virginia, and Letcher County, Kentucky. It is closing the complex, which previously shuttered two contract mines during the second quarter of 2013. The closure will reduce Arch's annual 2013 metallurgical coal sales volumes by about 200,000 tons.

 

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