==Arch Resources (ARCH) and Consol Energy (CEIX) to merge into $5.2 billion coal giant

• Arch Resources (ARCH) and Consol Energy (CEIX) announced early Wednesday that the two coal companies have agreed to an all-stock merger. The new company, Core Natural Resources, will reportedly have a market capitalization of approximately $5 billion.
• The merger will create a company controlling 11 mines, including some of the largest, lowest-cost, and highest-calorie domestic assets.
• Both companies have experienced a challenging year, with Consol Energy's shares dropping by 5.8% and Arch Resources' shares declining by 24%, reflecting industry struggles as coal faces increasing competition from renewable energy sources.
  
 

St. Louis-based Arch Resources has a market value of around $2.3 billion. Meanwhile, the Pennsylvania-based Consol Energy has a market capitalization of about $2.8 billion. Both companies produce metallurgical and thermal coal. The merger is expected to close by the end of the first quarter of 2025, according to the press release. Core Natural Resources will trade under a new ticker.

Metallurgical, or coking coal, is a critical ingredient in traditional blast-furnace steel production. U.S. met coal comes from Appalachian region mines and earns a hefty premium to the thermal coal used in power generation.

In 2023, 60% of Arch Resources revenue came from met coal and 40% thermal coal. Meanwhile, Consol reported 48% of revenue from thermal coal, 37% industrial coal and 15% metallurgical coal.

This week's biggest % winners & losers : Apr 25 - 29, 22 (wk 17)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: RUBY (1.66 +24.81%), ESPR (5.66 +18.31%)
• Materials: SHW (277.91 +13.47%)
• Industrials: PBI (5.32 +16.67%)
• Consumer Discretionary: PDD (43.33 +24.76%), EDU (12.52 +22.34%), TAL (3.39 +20.21%), JD (62.29 +19.7%), ABG (183.99 +14.63%), MHK (141.79 +14.4%), DDS (303.49 +13.22%), VC (104.61 +12.93%)
• Information Technology: PTC (115.52 +16.55%)
• Financials: LC (15.26 +14.14%)
• Energy: ARCH (166.96 +24.64%), STNG (24.93 +15.98%), ARLP (17.94 +15.2%), CEIX (47.86 +15.17%)

This week's top % losers

• Healthcare: TDOC (33.92 -41.77%), CARA (8.80 -27.39%), TRHC (3.37 -22.29%), RYTM (6.28 -21.7%), ALNY (134 -19.76%), GTHX (5.15 -19.28%), ACRS (12.26 -18.84%), ALGN (292.89 -18.77%)
• Industrials: HSII (32.22 -19.1%)
• Consumer Discretionary: CVNA (58.16 -30.56%), CPS (4.56 -27.35%), BBBY (13.66 -21.76%), FLWS (10.18 -20.76%)
• Information Technology: UIS (14.29 -22.46%)
• Financials: RILY (45.2 -20.83%)

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

Earnings this week : Apr 25 - 29, 22 (wk 17)

Tech giants will be pushed into the spotlight with Apple (NASDAQ:AAPL), Amazon, Microsoft (MSFT), Alphabet (GOOG), Meta Platforms (FB), and Intel (NASDAQ:INTC) all on the earnings stage.

Earnings spotlight: Monday, April 25 - Coca-Cola (NYSE:KO) and Activision Blizzard (ATVI).

Tuesday, April 26 - Arch Resources (ARCH), Centene (CNC), Alphabet (GOOG), General Motors (GM), Chipotle (CMG), Microsoft (MSFT), UPS (UPS), PepsiCo (NASDAQ:PEP), General Electric (GE) and Visa (V).

Earnings spotlight: Wednesday, April 27 - Boeing (NYSE:BA), Humana (NYSE:HUM), T-Mobile US (TMUS), Ford Motor (F), Meta Platforms (FB), Kraft Heinz (NASDAQ:KHC), and Amgen (AMGN).

Thursday, April 28 - Twitter (TWTR), Comcast (CMCSA), Merck (MRK), Caterpillar (CAT), Northrop Grumman (NOC), Amazon (NASDAQ:AMZN), Apple (AAPL), Intel (INTC), Altria (MO), Domino's Pizza (NYSE:DPZ) and PayPal (PYPL).

Afternoon: ACCD AEM LNT ATUS AMZN AAPL ATR ACA AJG AMK TEAM AVTR AX BZH BIO CAMP CPT CSL CWST CE CINF COHU COLM OFC CUZ CUBE DXCM DLR DRQ EMN ECVT EBS WIRE ENSG ETD EVTC EXPO FHI FIBK FSLR FIVN FTAI FBHS ULCC GLPI GILD HIG HUBG IMAX INTC KNSL KLAC KN LMAT LYLT LPLA LTC MGRC MERC CASH MTX MITK MHK COOP NATI NWE NOV OIS OLN OMCL OMF OSIS PEGA POWI PFG RMAX RMD HOOD ROKU SGEN SHLX SKYW SM SSB SWN SPSC SSNC SYK TEX TRUP X VRSN WDC WU ZEN

Friday, April 29 - AbbVie (NYSE:ABBV), Bristol-Myers Squibb Company (BMY), Exxon Mobil (XOM), Chevron (NYSE:CVX), Phillips 66 (PSX) and AbbVie (ABBV).

Morning: ABBV AB AON ARCB AZN B BLMN BMY CRI CBOE GTLS CHTR CVX CL XOM HON IMO LNTH LYB MGA MOG.A NWL NMRK NVT PSX PIPR PFS SXT SYNH TRP SLCA WPC WY WETF

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

Arch Coal beats by $3.33, beats on revs

Reports Q3 (Sep) earnings of $6.33 per share, excluding non-recurring items, $3.33 better than the S&P Capital IQ Consensus of $3.00; revenues rose 3.2% year/year to $633.2 mln vs the $562.34 mln S&P Capital IQ Consensus. "Given our top-tier asset base and our outlook for another strong year of cash generation in 2019, we view our substantial and ongoing buyback program as a highly effective mechanism for enhancing shareholder value," said John T. Drexler, Arch's chief financial officer." Looking ahead, Arch is well-positioned to capitalize on sustained strength in global coking and international thermal markets, while generating solid margins in a tough but improving domestic thermal marketplace," the company said. Sees total sales volume for 2018 between 89.3 - 93.7 million of tons