ARCH Arch Resources

Arch Resources, Inc. engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin, Metallurgical and Other Thermal. The Powder River Basin segment contains thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia. The Other Thermal segment contains supplementary thermal operations in Colorado, Illinois and the Coal Mac thermal operations in West Virginia. The company was founded in 1969 and is headquartered in St. Louis, MO.
Company profile
Ticker
ARCH
Exchange
Website
CEO
Paul Lang
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ARCH COAL INC, ARCH MINERAL CORP
SEC CIK
Corporate docs
IRS number
430921172
ARCH stock data
()
News
3 Short Squeeze Candidates In The Energy Sector
23 Mar 21
Stocks That Hit 52-Week Highs On Wednesday
24 Feb 21
The Past Week's Notable Insider Buys: Biotech IPOs, Curiositystream, Greenbrier And More
13 Feb 21
Arch Coal Q4 Sales $360.58M Beat $330.93M Estimate
9 Feb 21
Earnings Scheduled For February 9, 2021
9 Feb 21
Calendar
12 Feb 21
17 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 193.45M | 193.45M | 193.45M | 193.45M | 193.45M | 193.45M |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | 26.11M | 28.72M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | n/a | 93.12M | 102.42M | n/a | n/a |
Cash remaining | n/a | n/a | 100.33M | 91.02M | n/a | n/a |
Runway (months of cash) | n/a | n/a | 3.8 | 3.2 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 21 | Paul T. Demzik | Common Stock | Sell | Dispose S | No | Yes | 48.98 | 449 | 21.99K | 1,894 |
1 Mar 21 | Rosemary L Klein | Common Stock | Sell | Dispose S | No | Yes | 48.98 | 145 | 7.1K | 2,427 |
1 Mar 21 | Matthew C. Giljum | Common Stock | Sell | Dispose S | No | Yes | 48.98 | 435 | 21.31K | 4,708 |
27 Feb 21 | Paul T. Demzik | Common Stock | Payment of exercise | Dispose F | No | No | 47.92 | 1,107 | 53.05K | 2,343 |
27 Feb 21 | Paul T. Demzik | Common Stock | Option exercise | Aquire M | No | No | 0 | 3,450 | 0 | 3,450 |
27 Feb 21 | Paul T. Demzik | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 3,450 | 0 | 6,900 |
27 Feb 21 | Rosemary L Klein | Common Stock | Payment of exercise | Dispose F | No | No | 47.92 | 172 | 8.24K | 2,572 |
27 Feb 21 | Rosemary L Klein | Common Stock | Option exercise | Aquire M | No | No | 0 | 550 | 0 | 2,744 |
27 Feb 21 | Rosemary L Klein | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 550 | 0 | 1,100 |
27 Feb 21 | Matthew C. Giljum | Common Stock | Payment of exercise | Dispose F | No | No | 47.92 | 1,021 | 48.93K | 5,143 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
22.3% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 119 |
Increased positions | 2 |
Reduced positions | 1 |
13F shares |
Current |
---|---|
Total value | 149.26M |
Total shares | 3.41M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Adage Capital Partners GP, L.L.C. | 1.42M | $61.98M |
MS Morgan Stanley | 1.22M | $53.21M |
Dimensional Fund Advisors | 778.27K | $34.07M |
Financial report summary
?Competition
Peabody Energy • Alliance Resource Partners • Cloud Peak Energy • Rhino Resource Partners • Cloud Peak Energy • American Resources • Ramaco Resources • Warrior Met Coal • Alpha Metallurgical Resources • Navajo Transitional EnergyRisks
- Coal prices are subject to change based on a number of factors and can be volatile. If there is a decline in prices, it could materially and adversely affect our profitability and the value of our coal reserves.
- Unfavorable economic and market conditions have adversely affected and may continue to affect our revenues and profitability.
- The effects of foreign and domestic trade policies, actions or disputes on the level of trade among the countries and regions in which we operate could negatively impact our business, financial condition or results of operations.
- Competition could put downward pressure on coal prices and, as a result, materially and adversely affect our revenues and profitability.
- Our coal mining operations are subject to operating risks that are beyond our control, which could result in materially increased operating expenses and decreased production levels and could materially and adversely affect our profitability.
- Our inability to acquire additional coal reserves or our inability to develop coal reserves in an economically feasible manner may adversely affect our business.
- To maintain and grow our business, we will be required to make substantial capital expenditures which we may be unable to fund.
- Inaccuracies in our estimates of our coal reserves could result in decreased profitability from lower than expected revenues or higher than expected costs.
- The coal industry has experienced increased credit pressures that could result in additional decisions by banks, surety bond providers, or other counterparties to reduce or eliminate their exposure to the coal industry, which could have a material adverse effect on our business and results of operations.
- Increases in the costs of mining and other industrial supplies, including steel-based supplies, diesel fuel and rubber tires, or the inability to obtain a sufficient quantity of those supplies, could negatively affect our operating costs or disrupt or delay our production.
- Disruptions in the quantities of coal purchased from other third parties could temporarily impair our ability to fill customer orders or increase our operating costs.
- Our profitability depends upon the coal supply agreements we have with our customers. Changes in purchasing patterns in the coal industry could make it difficult for us to extend our existing coal supply agreements or to enter into new agreements in the future.
- Our ability to collect payments from our customers could be impaired if their creditworthiness deteriorates, and our financial position could be materially and adversely affected by the bankruptcy of any of our significant customers.
- A defect in title or the loss of a leasehold interest in certain properties or surface rights could limit our ability to mine our coal reserves or result in significant unanticipated costs.
- The availability, reliability and cost-effectiveness of transportation facilities and fluctuations in transportation costs could affect the demand for our coal or impair our ability to supply coal to our customers.
- The loss of, or a significant reduction in, purchases by our largest customers could adversely affect our profitability.
- We may incur losses as a result of certain marketing, trading and asset optimization strategies.
- If we sustain cyber-attacks or other security breaches that disrupt our operations, or that result in the unauthorized release of proprietary or confidential information, we could be exposed to significant liability, reputational harm, loss of revenue, increased costs or other risks.
- We may be unable to comply with the restrictions imposed by our Term Loan Debt Facility and other financing arrangements.
- We may be unable to raise the funds necessary to repurchase our Convertible Notes for cash following a fundamental change, or to pay any cash amounts due upon conversion, and our other indebtedness limits our ability to repurchase the notes or pay cash upon their conversion.
- Extensive environmental regulations, including existing and potential future regulatory requirements relating to air emissions, affect our customers and could reduce the demand for coal as a fuel source and cause coal prices and sales of our coal to materially decline.
- The demand for our products and market for our securities, as well as our ability to access the capital markets and obtain financing and insurance upon favorable terms may be significantly impacted by increased pressure from political and regulatory authorities, along with environmental activist groups, and lending and investment policies adopted by financial institutions and insurance companies to address concerns about the environmental impacts of coal combustion, including perceived impacts on the global climate. These activities and developments may potentially materially and adversely impact our future financial results, liquidity and growth prospects.
- Our failure to obtain and renew permits necessary for our mining operations could negatively affect our business.
- Federal or state regulatory agencies have the authority to order certain of our mines to be temporarily or permanently closed under certain circumstances, which could materially and adversely affect our ability to meet our customers’ demands.
- Extensive environmental regulations impose significant costs on our mining operations, and future regulations could materially increase those costs or limit our ability to produce and sell coal.
- If the assumptions underlying our estimates of reclamation and mine closure obligations are inaccurate, our costs could be greater than anticipated.
- Our operations may impact the environment or cause exposure to hazardous substances, and our properties may have environmental contamination, which could result in material liabilities to us.
- Changes in the legal and regulatory environment could complicate or limit our business activities, increase our operating costs or result in litigation.
- Our ability to use net operating losses and alternative minimum tax credits is subject to current limitation, and our ability to use net operating losses may be subject to additional limitations.
- U.S. tax legislation may materially adversely affect our financial condition, results of operations and cash flows.
- International growth in our operations adds new and unique risks to our business.
- Our ability to operate our business effectively could be impaired if we lose key personnel or fail to attract qualified personnel.
Management Discussion
- Revenues. Our revenues include sales to customers of coal produced at our operations and coal purchased from third parties. Transportation costs are included in cost of coal sales and amounts billed by us to our customers for transportation are included in revenues.
- On a consolidated basis, coal sales in 2020 decreased $826.8 million or 36.0% from 2019, and tons sold decreased 27.0 million tons or 29.9%. Coal sales from Metallurgical operations decreased $349.0 million due primarily to lower realized pricing and secondarily decreased volume. Powder River Basin coal sales decreased $253.6 million due to lower volume, and Other Thermal coal sales decreased $237.7 million due to lower volume and pricing. In the year ended December 31, 2019, our Coal-Mac operation in our Other Thermal Segment, which was sold in December 2019, provided approximately $111.8 million in coal sales and 2.1 million tons sold in our Other Thermal Segment. See discussion in “Operational Performance” for further information about segment results.
- Cost of sales. Our cost of sales for the year ended December 31, 2020 decreased $494.5 million or 26.4% versus 2019. In the prior year period, our Coal-Mac operation, which was sold in December 2019, accounted for approximately $111.3 million in cost of sales. The decline in cost of sales at ongoing operations consists primarily of reduced repairs and supplies costs of approximately $188.5 million, including approximately $39.5 million in reduced diesel fuel costs, reduced transportation costs of approximately $99.9 million, reduced operating taxes and royalties of approximately $78.8 million, and reduced compensation costs of approximately $25.8 million. These cost decreases were partially offset by increased purchased coal cost of approximately $10.7 million. See discussion in “Operational Performance” for further information about segment results.
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
absenteeism, accessing, accreditation, added, Aid, Alpha, Ameren, APIC, ARO, auto, automotive, ban, banned, barrier, bath, behavior, Biden, BOF, BP, Brazil, buildout, CAA, career, CDC, CEU, Citibank, clarify, combat, comfortable, complemented, Comptroller, Connecticut, contractor, conveying, coupon, CSR, cure, cybersecurity, dba, decade, deeply, delisting, demonstrated, destroy, disinfecting, distancing, door, downturn, drawn, drew, drop, dry, EAF, east, educate, education, elicited, embedded, empowered, encourage, engrained, essential, evidenced, evidentiary, excellence, Facilitation, fear, feature, field, filer, flagship, footprint, FTC, fundamental, FWS, Germany, Giljum, HAP, heard, home, host, HVA, HVB, hydrogen, importantly, induced, infection, Interagency, intraperiod, iron, Japan, jeopardize, Klein, Korea, launching, leadership, lengthy, longevity, LV, Matthew, melt, member, multinational, NaN, navigable, Neighbor, nonperformance, offshore, online, Operationally, opposing, outbreak, outlier, output, outreach, OWCP, oxygen, pandemic, paper, Parent, pause, PDH, PE, people, perception, pig, platform, PLV, premier, proactive, quo, reaction, real, reauthorization, redemption, reimposed, reimposition, reinforcing, reliant, reopened, reply, restarted, restarting, restraining, resurgence, resurgent, revert, reverted, risen, role, Rosemary, RTR, Saint, scarce, secondarily, semiannually, sentiment, sharply, shrink, shrinking, Simplifying, sinking, situation, solidify, Solutia, sooner, Spartech, spending, staggering, startup, stemming, stewardship, study, subset, suffered, summit, tailored, talented, today, touch, traffic, trailing, travel, Treasurer, trial, tuition, Turkey, unemployment, uneven, uninflated, unpriced, unsafe, valuable, Vietnam, wearing, widespread, withdrawn, withdrew, workday, write
Removed:
acquiring, advantage, al, amortizing, analyzing, antitrust, Apogee, appointed, ashfree, auction, awarded, bid, bidder, bidding, budget, Canyon, capitalize, carryback, Catenary, Cedar, CODI, Codification, commingled, complied, computing, conductance, contemplated, Conversely, curtailment, debtor, Delaware, denied, diligent, diligently, discontinue, discounting, distinguish, divested, Docket, earliest, exit, finalization, food, gallon, GILTI, Grove, halting, hardened, Hobet, IEA, improved, initiate, installment, intangible, interested, IRS, Justice, lag, landholder, lessen, lifting, linear, LMU, logical, loosening, lost, Magnum, merged, moratorium, mortgage, motion, nominated, noncancelable, occasionally, opened, opportunity, organized, participant, Patriot, payor, petition, pooled, portray, predecessor, predefined, Programmatic, protecting, publication, purpose, Ranch, ranged, rare, recommendation, refunded, reject, relied, rent, repayment, repealing, representative, residue, Richfield, Rio, rollforward, roughly, SAB, satisfied, sealed, Secretarial, send, sensitive, separately, showing, Springfield, straight, successor, supplied, supplying, supported, survive, Thundercloud, timeframe, Tinto, unaudited, uneconomical, violation, waive, weakening, win, winning, won
Financial reports
10-K
2020 FY
Annual report
12 Feb 21
10-Q
2020 Q3
Quarterly report
23 Oct 20
10-Q
2020 Q2
Quarterly report
28 Jul 20
10-Q
2020 Q1
Quarterly report
23 Apr 20
10-K
2019 FY
Annual report
11 Feb 20
10-Q
2019 Q3
Quarterly report
22 Oct 19
10-Q
2019 Q2
Quarterly report
24 Jul 19
10-Q
2019 Q1
Quarterly report
23 Apr 19
10-K
2018 FY
Annual report
13 Feb 19
10-Q
2018 Q3
Quarterly report
23 Oct 18
Current reports
8-K
Arch Resources Reports Fourth Quarter 2020 Results
9 Feb 21
8-K
Entry into a Material Definitive Agreement
3 Nov 20
8-K
Mine Safety - Reporting of Shutdowns and Patterns of Violations
3 Nov 20
8-K
Arch Resources, Inc. Prices $135.0 Million
30 Oct 20
8-K
Arch Resources, Inc. Announces Proposed
28 Oct 20
8-K
Arch Resources Reports Third Quarter 2020 Results
22 Oct 20
8-K
Arch Resources Names Rosemary L. Klein
14 Oct 20
8-K
Termination of a Material Definitive Agreement
7 Oct 20
8-K
Arch to drive forward with strategic pivot
29 Sep 20
8-K
Our evolution into a sustainable, metallurgical-focused coal company S E P T E M B E R2 ,2 0 2 0 Deck Slone SVP, Strategy
2 Sep 20
Registration and prospectus
S-8
Registration of securities for employees
31 Oct 16
15-12B
Securities registration termination
5 Oct 16
8-A12B
Registration of securities on exchange
3 Oct 16
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Mar 16
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Mar 16
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Mar 16
25-NSE
Exchange delisting
28 Jan 16
S-8
Registration of securities for employees
2 Jan 14
S-8
Registration of securities for employees
9 Sep 13
424B3
Prospectus supplement
27 Aug 13
Proxies
DEFA14A
Additional proxy soliciting materials
15 Mar 21
DEF 14A
Definitive proxy
15 Mar 21
DEFA14A
Additional proxy soliciting materials
15 Apr 20
DEFA14A
Additional proxy soliciting materials
8 Apr 20
DEFA14A
Additional proxy soliciting materials
16 Mar 20
DEF 14A
Definitive proxy
16 Mar 20
DEFA14A
Additional proxy soliciting materials
18 Mar 19
DEF 14A
Definitive proxy
18 Mar 19
DEF 14A
Definitive proxy
18 Mar 18
DEFA14A
Additional proxy soliciting materials
18 Mar 18
Other
UPLOAD
Letter from SEC
17 Dec 19
CORRESP
Correspondence with SEC
15 Dec 19
UPLOAD
Letter from SEC
4 Dec 19
UPLOAD
Letter from SEC
19 Feb 18
CORRESP
Correspondence with SEC
1 Feb 18
CORRESP
Correspondence with SEC
29 Jan 18
UPLOAD
Letter from SEC
8 Jan 18
CORRESP
Correspondence with SEC
20 Dec 17
UPLOAD
Letter from SEC
10 Dec 17
CERTNYS
Certification of approval for NYSE listing
3 Oct 16
Ownership
SC 13G/A
ARCH RESOURCES / STATE STREET ownership change
12 Apr 21
SC 13G
ARCH RESOURCES / AZVALOR ASSET MANAGEMENT SGIIC ownership change
29 Mar 21
4
ARCH RESOURCES / John A. Ziegler ownership change
2 Mar 21
4
ARCH RESOURCES / Deck Slone ownership change
2 Mar 21
4
ARCH RESOURCES / JOHN W LORSON ownership change
2 Mar 21
4
ARCH RESOURCES / Paul A Lang ownership change
2 Mar 21
4
ARCH RESOURCES / Rosemary L Klein ownership change
2 Mar 21
4
ARCH RESOURCES / Matthew C. Giljum ownership change
2 Mar 21
4
ARCH RESOURCES / JOHN W EAVES ownership change
2 Mar 21
4
ARCH RESOURCES / John T. Drexler ownership change
2 Mar 21
Transcripts
2020 Q4
Earnings call transcript
9 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
28 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
6 Feb 20
2019 Q3
Earnings call transcript
22 Oct 19
2019 Q2
Earnings call transcript
24 Jul 19
2019 Q1
Earnings call transcript
23 Apr 19
2018 Q4
Earnings call transcript
15 Feb 19
2018 Q3
Earnings call transcript
23 Oct 18
Reddit threads
Significant Activist Hedge Fund Activity (Last 7 Days)
15 Apr 21
Daily Discussion Thread - February 9th, 2021
9 Feb 21
Daily Discussion Thread - February 8th, 2021
8 Feb 21
Coal miner pivoting to miner for hire? $NC to provide contract mining services for Thacker Pass lithium mine development located near Tesla's Nevada gigafactory.
5 Feb 21
Value opportunities in stocks that are still down for the past year
30 Jan 21
Is there a bull case for coal in the near term?
23 Oct 20