Arch Coal, Inc. (NYSE: ARCH) reported Q2 EPS of $2.06, $0.16 better than the analyst estimate of $1.90. Revenue for the quarter came in at $592.35 million versus the consensus estimate of $525.37 million.

"Arch capitalized on a strong operating performance, robust coking coal markets and an improving logistics system to again generate very substantial levels of free cash flow during the quarter just ended," said John W. Eaves, Arch\'s chief executive officer. "We used that free cash flow to buy back $78 million of stock, or nearly one million shares, as we continued to execute on a capital return program that we believe is creating excellent value for our shareholders, and the board showed its strong support for this strategy by expanding the buyback authorization significantly. We plan to build upon our strong record of returning excess cash to shareholders as we progress through the year.

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