Arch Coal to report some improvement in Q3 2014 earnings

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.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.