Arch Coal, Inc. (ARCH) Reports Q1 EPS of $3.91, Revenues Beat
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Arch Coal, Inc. Reports First Quarter 2019 Results
April 23, 2019 6:30 AM EDTST. LOUIS, April 23, 2019 /PRNewswire/ --Â Arch Coal, Inc. (NYSE: ARCH) today reported net income of $72.7 million, or $3.91 per diluted share, in the first quarter of 2019, compared with net income of $60.0 million, or $2.74 per diluted share, in the prior-year period. Â The company earned adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, and non-operating expenses ("adjusted EBITDA")1 of $107.3 million in the first quarter of 2019, which includes a $13.0 million non-cash mark-to-market gain associated with the company's coal-hedging activities. Â This compares to $104.9 million of adjusted EBITDA recorded in the first quarter... More
