Arch Resources, Inc. produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2020, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,253 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,437 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 403 acres of coal land in Montana; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas. The company sells its products to utility, industrial, and steel producers in the United States, Europe, Asia, Central and South America, and Africa. The company was formerly known as Arch Coal, Inc. and changed its name to Arch Resources, Inc. in May 2020. Arch Resources, Inc. was founded in 1969 and is headquartered in St. Louis, Missouri.
IPO Year: 2016
Exchange: NYSE
Website: archrsc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | Buy → Hold | Jefferies | |
| 4/18/2024 | $185.00 → $170.00 | Buy → Neutral | Citigroup |
| 4/10/2024 | $180.00 → $165.00 | Outperform → Market Perform | BMO Capital Markets |
| 6/7/2022 | $160.00 → $225.00 | Hold → Buy | Jefferies |
| 3/9/2022 | $130.00 → $150.00 | Hold | Jefferies |
| 10/4/2021 | $87.00 → $120.00 | Buy | B. Riley Securities |
| 9/29/2021 | $62.00 → $110.00 | Neutral → Buy | Citigroup |
| 9/2/2021 | $79.00 → $87.00 | Buy | B. Riley Securities |
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
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. "We are extremely pleased that George has agreed to join the Arch team in this pivotal capacity and view him as a perfect fit with our sustainability-focused and results-driven culture," said John T. Drexler, Arch's president. "George has decades of leadership
Represents a reduction of nearly 2% of the company's outstanding share count Increases total net reduction in share count to 6.4 million shares, or 26% of shares outstanding, since May 2017 ST. LOUIS, March 6, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today announced that it had retired 315,721 of its outstanding shares via the unwinding of capped calls associated with its now-retired convertible senior notes. With the completion of the cashless transaction, Arch's diluted share count declined from 18.9 million shares to 18.6 million shares outstanding. "With the
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Navarre to become board chair at Arch's 2024 annual meeting in MayEaves and Chapman to retire as executive chair and lead independent director, respectivelyDrexler elected president and will join board of directors at that same meeting ST. LOUIS, Feb. 22, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today announced that – as part of its long-term succession process – Richard A. Navarre will become chair of Arch's board of directors at the conclusion of the company's annual stockholders' meeting on May 7, 2024, succeeding John W. Eaves, who will retire at that time as the company's executive chair and as a member of the board.
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
Arch Resources (NYSE:ARCH) reported quarterly earnings of $0.81 per share which missed the analyst consensus estimate of $1.35 by 40 percent. This is a 79.95 percent decrease over earnings of $4.04 per share from the same period last year. The company reported quarterly sales of $608.750 million which beat the analyst consensus estimate of $562.295 million by 8.26 percent. This is a 19.62 percent decrease over sales of $757.294 million the same period last year.
Shares of Core & Main Inc (NYSE:CNM) fell sharply during Tuesday's session after the company reported mixed first-quarter financial results. Core & Main posted quarterly earnings of 49 cents per share, missing market expectations of 52 cents per share. The company's quarterly sales came in at $1.74 billion versus estimates of $1.72 billion, according to data from Benzinga Pro. Core & Main shares dipped 11.4% to $49.77 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers MicroAlgo Inc (NASDAQ:MLGO) shares jumped 284% to 5.99 after the company announced that it will jointly establish a micro-consciousness quantum research center with WiMi. Sobr S
Benchmark analyst Nathan Martin reiterates Arch Resources (NYSE:ARCH) with a Buy and maintains $180 price target.
"Looking ahead, we are sharply focused on driving continuous improvement in execution across our entire operating platform in support of ongoing, robust, value-generating capital returns for our stockholders," aid Paul A. Lang, Arch's CEO.
Arch Resources (NYSE:ARCH) reported quarterly earnings of $2.98 per share which missed the analyst consensus estimate of $3.32 by 10.24 percent. The company reported quarterly sales of $680.190 million which beat the analyst consensus estimate of $596.592 million by 14.01 percent. This is a 21.81 percent decrease over sales of $869.931 million the same period last year.
Benchmark analyst Nathan Martin reiterates Arch Resources (NYSE:ARCH) with a Buy and maintains $180 price target.
Citigroup analyst Alexander Hacking downgrades Arch Resources (NYSE:ARCH) from Buy to Neutral and lowers the price target from $185 to $170.
B. Riley Securities analyst Lucas Pipes maintains Arch Resources (NYSE:ARCH) with a Buy and lowers the price target from $198 to $193.
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Achieves milestone in pending merger with CONSOL Energy with the October expiration of HSR waiting periodReceives all necessary international approvals to complete the mergerManages through extended outage of CBT shiploader to ship 2.1 million tons of coking coalDeclares fixed quarterly cash dividend of $0.25 per share payable on November 26 ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) ("Arch" or the "company") today reported a net loss of $6.2 million, or $0.34 per diluted share, in the third quarter of 2024, compared with net income of $73.7 million, or $3.91 per diluted share, in the prior-year period. Arch had adjusted earnings before interest, taxes, depreci
ST. LOUIS, Oct. 23, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) will discuss its third quarter 2024 financial results in an investor conference call on Thursday, November 5, 2024 at 11:00 a.m. Eastern time. Interested participants may access the conference call by dialing 866-360-3591 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 412-542-4108. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Arch website at http://investor.archrs
ST. LOUIS and CANONSBURG, Pa., Oct. 14, 2024 /PRNewswire/ -- Arch Resources, Inc. ("Arch") (NYSE:ARCH) and CONSOL Energy Inc. ("CONSOL") (NYSE:CEIX) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), in relation to the pending combination of CONSOL and Arch expired at 11:59 p.m. Eastern Time on October 11, 2024. The expiration of the waiting period under the HSR Act is one of the conditions to the closing of the pending combination. Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by both companies' stockholders.
Brings Together Two Best-in-Sector Operating Platforms with a World-Class Portfolio of High-Quality, Low-Cost, Long-Lived Longwall Coal Mining Assets and Strong Distribution Networks Creates Diversified Coal Producer Serving Global Steel, Industrial, and Power Generation Customers with ~12 Mtpa of Metallurgical Grade Coals and More than 25 Mtpa of High Calorific Value Thermal Coal Creates a Leading North American Coal Export Business with ~25 Mtpa of Export Capacity via Ownership Interests in Two East Coast Terminals as well as Strategic Access to West Coast and Gulf of Mexico Ports Expected to Generate Substantial Free Cash Flow to Fuel Robust Capital Returns to Core Natural Resources' Sto
Ships 2.0 million tons of coking coal despite extended channel closure in BaltimoreSets quarterly production record in metallurgical segmentAchieves net income of $14.8 million and adjusted EBITDA of $60.0 millionRepurchases 94,367 shares and declares quarterly cash dividend of $0.25 per share ST. LOUIS, July 25, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today reported net income of $14.8 million, or $0.81 per diluted share, in the second quarter of 2024, compared with net income of $77.4 million, or $4.04 per diluted share, in the prior-year period. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations
ST. LOUIS, July 11, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) will discuss its second quarter 2024 financial results in an investor conference call on Thursday, July 25, 2024 at 10:00 a.m. Eastern time. Interested participants may access the conference call by dialing 877-870-4263 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 412-317-0790. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Arch website at http://investor.archrsc.
Achieves net income of $56.0 million and adjusted EBITDA of $102.9 millionDeclares a quarterly cash dividend of $20.7 million, or $1.11 per shareReduces 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 2024, compared with net income of $198.1 million, or $10.02 per diluted share, in the prior-year period. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, and non-operating expenses ("adjusted EBITDA") [1] of $102.9 million i
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. Interested participants may access the conference call by dialing 800-836-8184 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 646-357-8785. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Arch website at http://investor.archrsc
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. "We are extremely pleased that George has agreed to join the Arch team in this pivotal capacity and view him as a perfect fit with our sustainability-focused and results-driven culture," said John T. Drexler, Arch's president. "George has decades of leadership
Represents a reduction of nearly 2% of the company's outstanding share count Increases total net reduction in share count to 6.4 million shares, or 26% of shares outstanding, since May 2017 ST. LOUIS, March 6, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today announced that it had retired 315,721 of its outstanding shares via the unwinding of capped calls associated with its now-retired convertible senior notes. With the completion of the cashless transaction, Arch's diluted share count declined from 18.9 million shares to 18.6 million shares outstanding. "With the
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Jefferies downgraded Arch Resources from Buy to Hold
Citigroup downgraded Arch Resources from Buy to Neutral and set a new price target of $170.00 from $185.00 previously
BMO Capital Markets downgraded Arch Resources from Outperform to Market Perform and set a new price target of $165.00 from $180.00 previously
Jefferies upgraded Arch Coal from Hold to Buy and set a new price target of $225.00 from $160.00 previously
Jefferies reiterated coverage of Arch Resources with a rating of Hold and set a new price target of $150.00 from $130.00 previously
B. Riley Securities reiterated coverage of Arch Resources with a rating of Buy and set a new price target of $120.00 from $87.00 previously
Citigroup upgraded Arch Coal from Neutral to Buy and set a new price target of $110.00 from $62.00 previously
B. Riley Securities reiterated coverage of Arch Resources with a rating of Buy and set a new price target of $87.00 from $79.00 previously
Citigroup initiated coverage of Arch Coal with a rating of Neutral
B. Riley resumed coverage of Arch Resources with a rating of Buy and set a new price target of $75.00 from $72.00 previously
Achieves milestone in pending merger with CONSOL Energy with the October expiration of HSR waiting periodReceives all necessary international approvals to complete the mergerManages through extended outage of CBT shiploader to ship 2.1 million tons of coking coalDeclares fixed quarterly cash dividend of $0.25 per share payable on November 26 ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) ("Arch" or the "company") today reported a net loss of $6.2 million, or $0.34 per diluted share, in the third quarter of 2024, compared with net income of $73.7 million, or $3.91 per diluted share, in the prior-year period. Arch had adjusted earnings before interest, taxes, depreci
ST. LOUIS, Oct. 23, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) will discuss its third quarter 2024 financial results in an investor conference call on Thursday, November 5, 2024 at 11:00 a.m. Eastern time. Interested participants may access the conference call by dialing 866-360-3591 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 412-542-4108. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Arch website at http://investor.archrs
Brings Together Two Best-in-Sector Operating Platforms with a World-Class Portfolio of High-Quality, Low-Cost, Long-Lived Longwall Coal Mining Assets and Strong Distribution Networks Creates Diversified Coal Producer Serving Global Steel, Industrial, and Power Generation Customers with ~12 Mtpa of Metallurgical Grade Coals and More than 25 Mtpa of High Calorific Value Thermal Coal Creates a Leading North American Coal Export Business with ~25 Mtpa of Export Capacity via Ownership Interests in Two East Coast Terminals as well as Strategic Access to West Coast and Gulf of Mexico Ports Expected to Generate Substantial Free Cash Flow to Fuel Robust Capital Returns to Core Natural Resources' Sto
Ships 2.0 million tons of coking coal despite extended channel closure in BaltimoreSets quarterly production record in metallurgical segmentAchieves net income of $14.8 million and adjusted EBITDA of $60.0 millionRepurchases 94,367 shares and declares quarterly cash dividend of $0.25 per share ST. LOUIS, July 25, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today reported net income of $14.8 million, or $0.81 per diluted share, in the second quarter of 2024, compared with net income of $77.4 million, or $4.04 per diluted share, in the prior-year period. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations
ST. LOUIS, July 11, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) will discuss its second quarter 2024 financial results in an investor conference call on Thursday, July 25, 2024 at 10:00 a.m. Eastern time. Interested participants may access the conference call by dialing 877-870-4263 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 412-317-0790. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Arch website at http://investor.archrsc.
Achieves net income of $56.0 million and adjusted EBITDA of $102.9 millionDeclares a quarterly cash dividend of $20.7 million, or $1.11 per shareReduces 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 2024, compared with net income of $198.1 million, or $10.02 per diluted share, in the prior-year period. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, and non-operating expenses ("adjusted EBITDA") [1] of $102.9 million i
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. Interested participants may access the conference call by dialing 800-836-8184 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 646-357-8785. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Arch website at http://investor.archrsc
Achieves net income of $114.9 million and adjusted EBITDA of $180.0 million Declares a quarterly cash dividend of $31.6 million, or $1.65 per share ST. LOUIS, Feb. 15, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today reported net income of $114.9 million, or $6.07 per diluted share, in the fourth quarter of 2023, compared with net income of $470.5 million, or $23.18 per diluted share, in the prior-year period, which included an income tax benefit of $253.3 million primarily associated with the release of a valuation allowance on the company's deferred tax assets. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement
ST. LOUIS, Feb. 1, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) will discuss its fourth quarter and full year 2023 financial results in an investor conference call on Thursday, February 15, 2024 at 10:00 a.m. Eastern time. Interested participants may access the conference call by dialing 877-870-4263 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 412-317-0790. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Arch website at http://
ST. LOUIS, Jan. 17, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today announced that the Leer mine had achieved Level A verification for all protocols comprising the Towards Sustainable Mining (TSM) initiative. Leer is the first mine of any type to achieve and verify this performance level through TSM's new subscription program, which allows any mine anywhere in the world to implement this globally recognized sustainability initiative for the mining industry. "Arch views leadership in all aspects of sustainability – including mine safety, environmental stewardship, c