Arch Coal, Inc. (NYSE: ARCH) reported Q3 EPS of ($12.64), versus ($1.04) reported last year. Revenue for the quarter came in at $382.26 million versus the consensus estimate of $376.55 million.

"During the third quarter, Arch's core metallurgical segment maintained its strong, consistent track record of operational excellence and first-quartile cost performance," said Paul A. Lang, Arch's chief executive officer. "Just as importantly, the Arch team continued to make excellent progress in the development of Leer South, which should greatly enhance the cash-generating capabilities of our already high-performing metallurgical portfolio through the cycle and solidify our position as the world's leading producer of High-Vol A metallurgical products when it starts up in less than a year's time. We believe that the strong foundation of our existing metallurgical portfolio, the rapidly approaching startup of the longwall at Leer South, and an improving global market outlook sets the stage for value-driving increases in earnings and cash flow going forward."

Outlook

"We are excited about the tremendous, value-creating potential of our business going forward," Lang said. "We have an exceptional foundation on which to build, including a clear and carefully constructed strategy, low-cost metallurgical assets, a high-quality product slate, proven marketing and logistics expertise, industry-leading ESG performance, and a best-in-class growth project that is nearing fruition. Moving forward, we plan to drive operational excellence throughout the organization; augment our strong financial footing; deliver still further improvement across key ESG metrics; and forge ahead with Leer South, which we believe will set the stage for greater cash generation and value creation in the future."

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