ARCH - Arch Resources: A Tailwind From The Recently Announced Index Inclusion
2024-03-12 23:34:36 ET
Summary
- Arch Resources is a major coal mining company in the US, with a focus on metallurgical coal production.
- Q4 2023 saw an increase in earnings due to higher met coal sales prices and decreased operating costs.
- ARCH plans to decrease its share count through buybacks and is committed to returning 100% of discretionary cash flow to shareholders.
- It was recently announced that the Company will join the S&P SmallCap 600 index, which is likely to be a near-term tailwind.
Overview
Arch Resources ( ARCH ) is one of the largest coal mining companies in the United States. The company has a lot of thermal coal production in the Powder River Basin, but most of its adjusted EBITDA comes from the metallurgical ("met") segment, as illustrated by the figure below....
Arch Resources: A Tailwind From The Recently Announced Index Inclusion