Arch Coal (NYSE: ACI), which will issue its full third quarter 2014 earnings on Oct. 28, said Oct. 13 that it expects to record adjusted earnings before interest, taxes, depreciation, depletion and amortization (“Adjusted EBITDA”) of $70m to $74m for the third quarter, representing an improvement versus the second quarter.
As of Sept. 30, Arch held $1.05bn in cash and short-term investments compared with approximately $990m at June 30, 2014, reflecting an increase of nearly $60m. In addition, Arch’s available liquidity, which includes its cash position and undrawn borrowings on its credit facilities, totaled $1.3bn at the end of September.
St. Louis-based Arch Coal is one of the world’s top coal producers for the global steel and power generation industries, serving customers on five continents. It is a major producer in several regions, including the Powder River Basin and Central Appalachia.