Arch Resources (ARCH) reported earnings on Tue 23 Oct 2018 (b/o)

• The company was formerly known as Arch Coal, Inc. and changed its name to Arch Resources, Inc. in May 2020. Arch Resources, Inc. was incorporated in 1969 and is headquartered in St. Louis, Missouri.
• Arch Resources is the second-largest supplier of coal in the United States, behind Peabody Energy. 
• ACI -->  ARCH:  In January 2016, Arch Coal (ACI) filed for chapter 11 bankruptcy protection. 
• The company won a court approval allowing them to erase almost $5 billion in debt and left bankruptcy with $300 million in cash.  
• Arch Coal resumed trading on the New York Stock Exchange under the ticker ARCH on October 5, 2016. 

 

 

 

 

 

 

 

• Reports Q1 (Mar) earnings of $12.89 per share, $1.21 better than the S&P Capital IQ Consensus of $11.68; revenues rose 142.8% year/year to $867.9 mln vs the $725.33 mln S&P Capital IQ Consensus.
• Announces a quarterly dividend of $135.3 million, or $8.11 per share