Arch Coal Updates on Q4 Operations
Jan 21st 2014 10:33PM
Updated Jan 21st 2014 10:34PM
Arch Coal is warning that its Q4 results will be affected by negative developments in its operations. The company said this is due to reduced production and shipment levels. Specifically, the former saw a quarter-over-quarter drop of 40% at its Mountain Laurel facility in Appalachia, resulting from what the company described as "challenging geologic conditions in the current longwall panel."
For the latter, a decline of over 15% on a quarter-over-quarter basis was recorded in Arch Coal's Powder River Basin mines. The company attributed this to difficulties with its rail service.
As a result, the company said its full-year 2013 metallurgical coal sales volumes came in a bit below the lower end of its expectations.
Arch Coal is scheduled to release its Q4 earnings before market open on Feb. 4. Analysts are projecting a per-share loss of $0.33 on revenues of $816 million. Those figures for Q4 2012 were a loss of $0.42 per share and $968 million, respectively.
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