Arch Coal, Inc. (ARCH) Tops Q3 EPS by $3.18
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Arch Coal, Inc. Reports Third Quarter 2018 Results
October 23, 2018 6:30 AM EDTST. LOUIS, Oct. 23, 2018 /PRNewswire/ -- Arch Coal, Inc. (NYSE: ARCH) today reported net income of $123.2 million, or $6.10 per diluted share, in the third quarter of 2018, compared with net income of $68.4 million, or $2.83 per diluted share, in the prior-year period. Net income of $123.2 million includes a $45.2 million tax benefit. The company earned adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, and non-operating expenses ("adjusted EBITDA") 1 of $124.9 million in the third quarter of 2018, which includes a $10.4 million non-cash mark-to-market loss associated with the company's coal hedging activities.... More
