Arch Coal, Inc. (NYSE: ARCH) reported Q1 EPS of $2.55, $0.36 better than the analyst estimate of $2.19. Revenue for the quarter came in at $600.98 million versus the consensus estimate of $592.65 million.

Company Outlook

Based on the company's current expectations regarding the direction of metallurgical coal markets, Arch has raised its coking coal volume guidance for 2017. Arch now expects to sell between 6.7 and 7.1 million tons of coking coal, which excludes PCI coal. At the midpoint of its volume guidance level, Arch is over 85 percent committed on coking coal sales for the full year, with over 30 percent of that committed volume exposed to index-based pricing. At the midpoint of guidance, Arch\'s thermal sales are 88 percent committed for the full year.

"We are building upon our first-quarter results and expect our company to deliver an exceptional earnings performance in 2017," said Eaves. "Arch is strategically prepared to respond to evolving coal market dynamics, and we believe our strategic asset base, low-cost operational profile and strong balance sheet will enable Arch to deliver significant shareholder value."

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