Arch Resources Inc. (ARCH - Free Report) reported third-quarter 2020 operating loss of $1.87 per share, wider than the Zacks Consensus Estimate of a loss of $1.58. In the year-ago quarter, the company reported earnings of $4.03 per share.
Total Revenues
Total revenues amounted to $382.3 million, which beat the Zacks Consensus Estimate of $357 million by 7.1%.
Segment Details
In the Metallurgical segment, the company sold 1.7 million tons of coal, down 10.5% from the prior-year figure of 1.9 million tons. It recorded cash margins of $6.26 per ton compared with $34 in the year-ago quarter, primarily due to lower sales price.
During the quarter, the Powder River Basin segment’s cash margin per ton was $2.38 versus $2.25 in the prior-year period. The company sold 14.3 million tons, down from the year-ago figure of 22.2 million tons. This segment benefited from a more favorable balance between production and shipping rates, along with solid cost control.
In the Other Thermal segment, its cash margin was ($2.96) per ton versus $8.36 in the prior-year period. This segment experienced negative margins, principally due to ongoing weakness in domestic thermal markets.
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Arch Resources Inc. (ARCH - Free Report) reported third-quarter 2020 operating loss of $1.87 per share, wider than the Zacks Consensus Estimate of a loss of $1.58. In the year-ago quarter, the company reported earnings of $4.03 per share.
Total Revenues
Total revenues amounted to $382.3 million, which beat the Zacks Consensus Estimate of $357 million by 7.1%.
Segment Details
In the Metallurgical segment, the company sold 1.7 million tons of coal, down 10.5% from the prior-year figure of 1.9 million tons. It recorded cash margins of $6.26 per ton compared with $34 in the year-ago quarter, primarily due to lower sales price.
During the quarter, the Powder River Basin segment’s cash margin per ton was $2.38 versus $2.25 in the prior-year period. The company sold 14.3 million tons, down from the year-ago figure of 22.2 million tons. This segment benefited from a more favorable balance between production and shipping rates, along with solid cost control.
In the Other Thermal segment, its cash margin was ($2.96) per ton versus $8.36 in the prior-year period. This segment experienced negative margins, principally due to ongoing weakness in domestic thermal markets.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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