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ARCH Arch Resources

Arch Resources is a premier producer of high-quality metallurgical products for the global steel industry. Arch Resources operates large, modern and highly efficient mines that consistently set the industry standard for both mine safety and environmental stewardship.

Company profile

ARCH stock data

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Calendar

27 Jul 21
2 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 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) 160.62M 160.62M 160.62M 160.62M 160.62M 160.62M
Cash burn (monthly) 9.31M (positive/no burn) (positive/no burn) 20.39M (positive/no burn) (positive/no burn)
Cash used (since last report) 10.42M n/a n/a 22.81M n/a n/a
Cash remaining 150.2M n/a n/a 137.81M n/a n/a
Runway (months of cash) 16.1 n/a n/a 6.8 n/a n/a

Beta Read what these cash burn values mean

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

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 1 EXIT
Opened positions 0 1 EXIT
Closed positions 1 3 -66.7%
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 37.27M EXIT
Total shares 0 851.51K EXIT
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change
Luminus Management 0 -851.51K EXIT

Financial report summary

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Risks
  • 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 the second quarter of 2021 were approximately $130.9 million, or 41.0%, more than in the second quarter of 2020, while tons sold increased approximately 4.0 million tons, or 29.8%. Coal sales from Metallurgical operations increased approximately $80.5 million due to increased pricing and volume. Thermal coal sales increased approximately $56.4 million, primarily due to increased volume. In the prior year quarter, our Viper operation, which was sold in December 2020, provided approximately $7.2 million in coal sales and 0.2 million tons sold. See the discussion in “Operational Performance” for further information about segment results.
  • Cost of sales. Our cost of sales for the second quarter of 2021 increased approximately $39.0 million, or 12.3%, versus the second quarter of 2020. In the prior year quarter, our Viper operation, which was sold in December 2020, accounted for approximately $11.6 million in cost of sales. The increase in cost of sales at ongoing operations consists of increased transportation costs of approximately $21.9 million, increased operating taxes and royalties of approximately $16.1 million, increased compensation costs of approximately $11.3 million, a small decrease in coal inventory valuation versus an increase in the prior year quarter impacting cost of sales approximately $10.7 million, and increased repairs and supplies costs of approximately $8.4 million. These cost increases were partially offset by an increase in credit for ARO reclamation work completed primarily at our Thermal operations of approximately $13.1 million and a decrease in purchased coal cost of approximately $7.0 million. See discussion in “Operational Performance” for further information about segment results.
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