Business News: Arch Coal, Inc. Reports Second Quarter 2019 Results

Business News: Arch Coal, Inc. Reports Second Quarter 2019 Results

ST. LOUIS, MO (STL.News) – Arch Coal, Inc. (NYSE: ARCH) today reported net income of $62.8 million, or $3.53 per diluted share, in the second quarter of 2019, compared with net income of $43.3 million, or $2.06 per diluted share, in the prior-year period.  The company earned adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, amortization of sales contracts, and non-operating expenses (“adjusted EBITDA”) [1] of $105.6 million in the second quarter of 2019, which includes an $8.4 million non-cash mark-to-market gain associated with the company’s coal-hedging activities. 

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