Arch Coal, Inc. Reports Second Quarter 2019 Results

ST. LOUIS, July 24, 2019 /PRNewswire/ — Arch Coal, Inc. (NYSE: ARCH) today reported net income of $62.8 million, or $3.53 per diluted share, in the second quarter of 2019, compared with net income of $43.3 million, or $2.06 per diluted share, in the prior-year period. The company earned 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 $105.6 million in the second quarter of 2019, which includes an $8.4 million non-cash mark-to-market gain associated with the company’s coal-hedging activities. This compares to $85.4 million of adjusted EBITDA recorded in the second quarter of 2018, which included a $15.1 million non-cash mark-to-market loss associated with the company’s coal-hedging activities. Revenues totaled $570.2 million for the three months ended June 30, 2019, versus $592.3 million in the prior-year quarter.