Arch Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 11:55 am
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Arch Resources, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 744.6 million compared to USD 863.84 million a year ago. Net income was USD 73.69 million compared to USD 181.01 million a year ago. Basic earnings per share from continuing operations was USD 4.05 compared to USD 9.84 a year ago. Diluted earnings per share from continuing operations was USD 3.91 compared to USD 8.68 a year ago.
For the nine months, sales was USD 2,371.83 million compared to USD 2,865.13 million a year ago. Net income was USD 349.15 million compared to USD 860.44 million a year ago. Basic earnings per share from continuing operations was USD 19.2 compared to USD 50.97 a year ago. Diluted earnings per share from continuing operations was USD 18.12 compared to USD 41 a year ago.
Arch Resources, Inc. is a coal producer and a producer of metallurgical coal. The Company sells substantially all of its coal to steel mills, power plants and industrial facilities. It is a producer of metallurgical products for the global steel industry, and the supplier of High-Vol A metallurgical coal globally. The Company has two distinct lines of business, metallurgical and thermal, and may include a number of mine complexes. It operates about seven active mines located in three of the major coal-producing regions of the United States. Leer and Leer South longwall mines anchor its large-scale, first quartile metallurgical franchise. The Leer and Leer South operations are complemented by the Beckley and Mountain Laurel continuous miner mines, which in aggregate provide it with a full suite of metallurgical products for sale in the global metallurgical market. The Company also operates thermal mines in the Powder River Basin and Colorado that produce thermal coal.
ARCH RESOURCES, INC. 
