Flat Q1 Results from Arch Coal (ACI) Pressures Coal Segment (BTU) (JRCC)
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Price: $20.07 +0.65%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 2.2%
EPS Growth %: -31.6%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 2.2%
EPS Growth %: -31.6%
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Coal miners are trading opposite of coal markets Tuesday, largely due to quarterly results and commentary from Arch Coal, Inc. (NYSE: ACI).
Arch reported a loss of 34 cents per share in Q1, flat with consensus views. The loss was wider than 4 cents per share reported in the same period last year.
Revenue in the quarter was $826 million, with expectations at $912 million.
CEO John W. Eaves issued slightly more bullish commentary in this quarter versus the prior period. Wheres Eaves expected coal consumption to increase up to 50 million tons this year versus last, he now sees consumption rising "by 50 million tons or more in 2013 compared with 2012."
Notably, sales price and margins saw a squeeze this quarter amid lower production. Average sales price per ton was $21.66 in Q113, leading to operating margin of $0.20. Numbers compare with sales price of $25.73 per ton and operating margin of $1.66 reported in the same period last year.
Along with Arch, lower today are names like Alpha Natural (NYSE: ANR), CONSOL (NYSE: CNX), James River (Nasdaq: JRCC), Peabody (NYSE: BTU), and others.
Arch reported a loss of 34 cents per share in Q1, flat with consensus views. The loss was wider than 4 cents per share reported in the same period last year.
Revenue in the quarter was $826 million, with expectations at $912 million.
CEO John W. Eaves issued slightly more bullish commentary in this quarter versus the prior period. Wheres Eaves expected coal consumption to increase up to 50 million tons this year versus last, he now sees consumption rising "by 50 million tons or more in 2013 compared with 2012."
Notably, sales price and margins saw a squeeze this quarter amid lower production. Average sales price per ton was $21.66 in Q113, leading to operating margin of $0.20. Numbers compare with sales price of $25.73 per ton and operating margin of $1.66 reported in the same period last year.
Along with Arch, lower today are names like Alpha Natural (NYSE: ANR), CONSOL (NYSE: CNX), James River (Nasdaq: JRCC), Peabody (NYSE: BTU), and others.
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