Arch Coal, Inc. (ARCH) Misses Q3 EPS by 85c
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Arch Resources Reports Third Quarter 2021 Results
October 26, 2021 6:30 AM EDTST. LOUIS, Oct. 26, 2021 /PRNewswire/ --Â Arch Resources, Inc. (NYSE: ARCH) today reported net income of $89.1 million, or $4.92 per diluted share, in the third quarter of 2021, compared with a net loss of $191.5 million, or $12.64 per diluted share, in the prior-year period. Â Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations (ARO), and non-operating expenses ("adjusted EBITDA") 1 of $131.6 million in the third quarter of 2021, which included a $19.6 million non-cash mark-to-market loss associated with the company's coal-hedging activities. Â This compares to $17.4 million of adjusted EBITDA in the third quarter of... More
