Arch Resources (ARCH - Free Report) reported first-quarter 2024 operating earnings per share of $2.98, which surpassed the Zacks Consensus Estimate of $2.79 by 6.8%. However, the bottom line declined from the year-ago quarter’s figure of $10.02.
Revenues
Total revenues were $680 million, which beat the Zacks Consensus Estimate of $551 million by 24.5%. However, the top line decreased 21.8% from $870 million in the year-ago quarter.
Segment Details
In the Metallurgical segment, ARCH sold 2.2 million tons of coal, which was on par with the prior-year quarter’s figure. Cash margins were $55.67 per ton compared with $121.15 in the year-ago quarter.
In the Thermal segment, the company sold 12.8 million tons of coal, down 24.7% from the prior-year quarter’s figure of 17 million tons. Cash margins were (0.05 cents) per ton compared with $2.7 in the prior-year period.
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Arch Resources (ARCH - Free Report) reported first-quarter 2024 operating earnings per share of $2.98, which surpassed the Zacks Consensus Estimate of $2.79 by 6.8%. However, the bottom line declined from the year-ago quarter’s figure of $10.02.
Revenues
Total revenues were $680 million, which beat the Zacks Consensus Estimate of $551 million by 24.5%. However, the top line decreased 21.8% from $870 million in the year-ago quarter.
Segment Details
In the Metallurgical segment, ARCH sold 2.2 million tons of coal, which was on par with the prior-year quarter’s figure. Cash margins were $55.67 per ton compared with $121.15 in the year-ago quarter.
In the Thermal segment, the company sold 12.8 million tons of coal, down 24.7% from the prior-year quarter’s figure of 17 million tons. Cash margins were (0.05 cents) per ton compared with $2.7 in the prior-year period.
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