Welcome to our dedicated page for Arch Resources news (Ticker: ARCH), a resource for investors and traders seeking the latest updates and insights on Arch Resources stock.
Arch Resources Inc. (NYSE: ARCH) is a leading U.S. producer of metallurgical and thermal coal, serving global steelmakers and energy providers. This news hub offers investors and industry observers centralized access to official updates from one of America's most strategically positioned coal companies.
Track key developments through verified press releases and third-party analysis covering operational milestones, financial results, and market positioning. Our curated selection ensures you stay informed about ARCH's initiatives in mine safety improvements, environmental stewardship programs, and technological innovations across its Appalachian and Powder River Basin operations.
Find timely updates on metallurgical coal production levels, thermal coal market strategies, and capital allocation decisions. The archive includes earnings announcements, leadership updates, and operational reports that shape ARCH's role in the evolving energy landscape.
Bookmark this page for ongoing access to essential information about Arch Resources' market performance and strategic direction. Combine these updates with our comprehensive company profile for complete context on ARCH's position within the coal industry.
Arch Resources, Inc. (NYSE: ARCH) will announce its second quarter 2021 financial results on July 27, before the market opens. A live investor conference call will follow at 10:00 a.m. Eastern time, accessible via telephone or webcast through the company's investor website. This highlights Arch's commitment to transparency and shareholder engagement. Arch Resources specializes in producing high-quality metallurgical products for the steel industry, operating efficient and safe mines while adhering to environmental standards.
Arch Resources, Inc. (NYSE: ARCH) has become the first U.S. metallurgical coal producer to join ResponsibleSteel™, a global certification initiative aimed at promoting sustainable steel production. CEO Paul A. Lang emphasized Arch's commitment to reducing carbon intensity in steelmaking and collaborating with partners to enhance ESG compliance. ResponsibleSteel's CEO, Anne-Claire Howard, welcomed Arch's membership, highlighting the importance of responsible coal production. Arch continues to prioritize mine safety and environmental stewardship, having achieved significant reductions in greenhouse gas emissions.
Arch Resources reported a net loss of $6.0 million ($0.40 per diluted share) for Q1 2021, an improvement from a loss of $25.3 million in Q1 2020. Adjusted EBITDA rose to $30.9 million from $12.9 million year-over-year. Revenue decreased to $357.5 million from $405.2 million. The company is on track with its Leer South project, expected to start longwall operations in Q3 2021. Arch's ESG metrics improved, including a lost-time incident rate of 0.58. Financially, Arch maintained a cash position of $237 million, with total liquidity around $250 million.
Arch Resources, Inc. (NYSE: ARCH) will report its first quarter 2021 financial results on April 22, 2021. A live investor conference call is scheduled for 10:00 a.m. Eastern time on the same day, accessible by dialing 866-548-4713 or +1 323-794-2093 for international participants. The earnings release will be available via PR Newswire before the market opens on April 22 and posted on the company's website. Arch Resources focuses on producing high-quality metallurgical products for the global steel industry, emphasizing safety and environmental stewardship.
Arch Resources announced the issuance of $45.0 million in tax-exempt bonds through the West Virginia Economic Development Authority, following a $53.1 million offering in July 2020. The funds will support ongoing construction of the Leer South mine in West Virginia, expected to start longwall production in Q3 2021. The bonds, oversubscribed nearly eight times, feature an interest rate of 4.125%. The total development cost for Leer South is projected between $360 million to $390 million, creating over 500 permanent jobs and 1,800 temporary jobs.
Arch Resources reported a net loss of $78.5 million, or $5.17 per diluted share, in Q4 2020, compared to a loss of $8.6 million a year earlier. This includes a $45 million charge for the accelerated closure of the Coal Creek mine. Adjusted EBITDA fell to $4.1 million from $43.7 million in Q4 2019, with revenues down to $360.6 million from $549.5 million. Despite pandemic challenges, Arch achieved key strategic milestones, including progress at the Leer South project and enhanced liquidity through successful financing efforts.
Arch Resources, Inc. (NYSE: ARCH) will release its fourth quarter 2020 financial results on February 9 before the market opens. An investor conference call will take place at 10:00 a.m. Eastern time the same day. Participants can join the call by dialing 800-289-0438 or +1 323-794-2423 for international calls. The event will also be broadcast live and available for replay on the company’s investor website. Arch Resources is recognized for producing high-quality metallurgical products for the global steel industry, operating modern mines with a focus on safety and environmental stewardship.
Arch Resources, Inc. (NYSE: ARCH) has priced a private offering of $135 million of 5.25% convertible senior notes due 2025, an increase from the initial $125 million. The notes will accrue interest paid semi-annually and are set to mature on November 15, 2025. The initial conversion rate is 26.7917 shares per $1,000 principal at a price of $37.32 per share, representing a 25% premium over the current stock price. The net proceeds are estimated at $130 million, with funds allocated for general corporate purposes and the development of the Leer South mine.
Arch Resources plans to offer $125 million in convertible senior notes due 2025, with an option for initial purchasers to buy an additional $18.75 million. The notes will mature on November 15, 2025, and can be converted into cash, shares, or a combination. Proceeds will fund capped call transactions and general corporate purposes, including the Leer South mine's development. The notes will be offered under Rule 144A, and the offering is subject to market conditions.
Arch Resources reported a net loss of $191.5 million or $12.64 per diluted share in Q3 2020, down from net income of $106.8 million in Q3 2019. The decrease was attributed to a non-cash impairment of $163.1 million at its thermal operations. Revenues fell to $382.3 million from $619.5 million year-over-year. However, Arch's metallurgical segment showed resilience, with a promising outlook due to the upcoming start of the Leer South project and an improving global market. The company ended Q3 with $219.8 million in cash and strong liquidity of $265 million.
