Arch Coal, Inc. (ARCH) Reports Q1 Loss Per Share of $1.67
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Arch Coal, Inc. Reports First Quarter 2020 Results
April 23, 2020 6:30 AM EDTST. LOUIS, April 23, 2020 /PRNewswire/ -- Arch Coal, Inc. (NYSE: ARCH) today reported a net loss of $25.3 million, or $1.67 per diluted share, in the first quarter of 2020, compared with net income of $72.7 million, or $3.91 per diluted share, in the prior-year period. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, amortization of sales contracts, and non-operating expenses ("adjusted EBITDA") 1 of $12.9 million in the first quarter of 2020, which includes a $0.7 million non-cash mark-to-market loss associated with the company's coal-hedging activities and excludes a $9.0 million gain associated with initial... More
