Arch Coal Updates on Q4 Operations

Arch Coal (NYSE: ACI  ) is warning that its Q4 results will be affected by negative developments in its operations. The company said this is due to reduced production and shipment levels. Specifically, the former saw a quarter-over-quarter drop of 40% at its Mountain Laurel facility in Appalachia, resulting from what the company described as "challenging geologic conditions in the current longwall panel." 

For the latter, a decline of over 15% on a quarter-over-quarter basis was recorded in Arch Coal's Powder River Basin mines. The company attributed this to difficulties with its rail service.

As a result, the company said its full-year 2013 metallurgical coal sales volumes came in a bit below the lower end of its expectations.

Arch Coal is scheduled to release its Q4 earnings before market open on Feb. 4. Analysts are projecting a per-share loss of $0.33 on revenues of $816 million. Those figures for Q4 2012 were a loss of $0.42 per share and $968 million, respectively. 

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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8/27/2015 4:01 PM
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Arch Coal, Inc. CAPS Rating: **