Business News: Arch Coal, Inc. Reports First Quarter 2019 Results

ST. LOUIS, MO (STL.News) – Arch Coal, Inc. (NYSE: ARCH) today reported net income of $72.7 million, or $3.91 per diluted share, in the first quarter of 2019, compared with net income of $60.0 million, or $2.74 per diluted share, in the prior-year period. The company earned adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, and non-operating expenses (“adjusted EBITDA”)1 of $107.3 million in the first quarter of 2019, which includes a $13.0 million non-cash mark-to-market gain associated with the company’s coal-hedging activities. This compares to $104.9 million of adjusted EBITDA recorded in the first quarter of 2018. Revenues totaled $555.2 million for the three months ended March 31, 2019, versus $575.3 million in the prior-year quarter.

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