Arch Coal (ACI +3.5%) moves higher after its Q2 earnings loss came in better than expected as operating costs per ton fell 7%.
Q2 sales fell 7% Y/Y to $713.8M, missing analyst consensus, but operating costs per ton fell to $20.55 from $21.19.
ACI lowers its FY 2014 sales volume targets, including cutting its thermal sales volumes forecast to 124M-130M tons from 124M-132M tons to reflect the effects of transportation bottlenecks and the impact of a fall in steel production.
More on Alliance Resource's (ARLP) Q2 results: Issues in-line guidance for FY 2013, raises FY revenues to $2.165B-$2.225B ex-transportation revs from prior guidance of $2.1B-$2.2B vs. $2.2B consensus. Tunnel Ridge production rose 54% Q/Q. Expects strong H1 performance of Illinois Basin operations to continue. Secured new coal sales commitments for delivery of ~2.6M tons through 2015.
One of my favorite dividend stocks : $ARLP broke out of a base & increased its quarterly dividend amid a tough coal environment.
Jan 28, 10:56 AM
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ARLP vs. ETF Alternatives
Alliance Resources Partners, L.P. is a diversified producer and marketer of coal to United States utilities and industrial users. It operates ten underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.