ARCH - Arch Q1 earnings - record earnings and a sky-high dividend lifts shares premarket

Arch Resources (ARCH) reported a record quarter of earnings in Q1, beating EBITDA consensus, announcing an increased variable dividend, guiding to improved Q2 and 2h results, while generating significant free cash flow:  Earnings - the Company posted $321m in adjusted EBITDA for the quarter, versus Bloomberg consensus estimates of $308m. Dividend - Arch (ARCH) announced a dividend of $8.11 per share, the variable dividend compares favorably to the Company's prior payment of $0.25 per share. Outlook - management indicated that, "We anticipate a significant increase in our financial results in the second quarter given the highly favorable pricing environment along with the anticipated step-up in coking coal volumes, and we also expect continuing strength in the year's second half as shipment levels normalize." Free cash flow - adjusting out changes in net working capital, and proceeds from the sale of investments, Arch (ARCH) generated ~$269m in free cash flow during

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Arch Q1 earnings - record earnings and a sky-high dividend lifts shares premarket