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ARCH / Arch Resources stock charges higher after quarterly profit more than doubles expectations

Arch Resources stock charges higher after quarterly profit more than doubles expectations
Shares of Arch Resources Inc. ARCH, +10.57% charged up 10.9% toward a three-month high in afternoon trading Thursday, after the producer and distributor of thermal coal reported a fourth-quarter profit that was more than double what was expected, boosted by “significantly improved” sales volumes, unit costs and cash margins, as well as a $253.3 million tax benefit. Net income rose to $470.5 million, or $23.18 a share, from $226.6 million, or $11.92 a share, in the year-ago period. Read More
Posted: Feb 16 2023, 14:18
Author Name: Market Watch
Views: 110575

ARCH News  

You Can't Control Dividend Cuts, but You Can Control What You Do About Them

By The Motley Fool
November 3, 2023

You Can't Control Dividend Cuts, but You Can Control What You Do About Them

Arch Resources adopted a dividend policy that, effectively, rewards investors based on corporate performance. The company operates coal mines, meaning more_horizontal

Arch Resources (ARCH) Q3 Earnings & Sales Beat Estimates

By Zacks Investment Research
October 26, 2023

Arch Resources (ARCH) Q3 Earnings & Sales Beat Estimates

Arch Resources' (ARCH) Q3 earnings and sales beat estimates. The company benefits from share repurchases and a simplified capital structure. more_horizontal

Arch Resources (ARCH) Beats Q3 Earnings and Revenue Estimates

By Zacks Investment Research
October 26, 2023

Arch Resources (ARCH) Beats Q3 Earnings and Revenue Estimates

Arch Resources (ARCH) came out with quarterly earnings of $3.91 per share, beating the Zacks Consensus Estimate of $3.26 per share. This compares to e more_horizontal

Arch Q3 Preliminary Results: Use This Breather To Pick Up A High Dividend

By Seeking Alpha
October 17, 2023

Arch Q3 Preliminary Results: Use This Breather To Pick Up A High Dividend

Arch Resources, Inc.'s latest quarterly results show a reduction in coking coal volumes, leading to a downward revision of approximately 9%. Despite t more_horizontal

Black Gold Boom: 7 Coal Stocks to Buy as the Sector Sparks Anew

By InvestorPlace
October 2, 2023

Black Gold Boom: 7 Coal Stocks to Buy as the Sector Sparks Anew

At first glance, the concept of coal stocks to buy doesn't really make a whole lot of sense. After all, social and political winds incentivize the pus more_horizontal

Recent Price Trend in Arch Resources (ARCH) is Your Friend, Here's Why

By Zacks Investment Research
September 29, 2023

Recent Price Trend in Arch Resources (ARCH) is Your Friend, Here's Why

Arch Resources (ARCH) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stock more_horizontal

Arch Resources: Powering The Electrification, High Dividend Yield

By Seeking Alpha
September 12, 2023

Arch Resources: Powering The Electrification, High Dividend Yield

Arch Resources offers a strong dividend yield, with the potential for over 10% combined yield even if capital returns are reduced. Metallurgical coal more_horizontal

Met In The Arena: Switching From Arch To Warrior

By Seeking Alpha
August 28, 2023

Met In The Arena: Switching From Arch To Warrior

My old position, Arch Resources, has underperformed peers in the met coal industry year-to-date. The new "floor" for met coal index prices is expected more_horizontal


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