ARCH - Why Coking Coal Provider Arch Resources Shares Are Diving Today | Benzinga
Arch Resources Inc (NYSE:ARCH) shares are trading lower after the company reported mixed fourth-quarter financial results.
Revenue of $774.0 million was down from $859.5 million in the prior-year quarter but above the consensus of $706.7 million.
Adjusted EBITDA fell to $180.0 million from $256.5 million a year ago. EPS of $6.07 missed the consensus of $7.35.
The core metallurgical segment witnessed coking coal sales volume of 2.0 million tons (vs. 2.1 million tons a year ago) and contributed to an adjusted EBITDA of $193.6 million in the quarter.
In Thermal segment, the ...