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Arch Resources' (ARCH) second-quarter 2024 earnings are likely to have gained from share repurchases. However, logistical disruption might have offset some positives.
With lower met coal prices and challenges with rail logistics, Arch may have a difficult time meeting Q2 guidance. I believe a loss in the quarter is possible. With recent quotes for High Vol-A met coal around $190, Q3 estimates will also come in far below the current $4.55 estimate. Arch has already guided to minimal shareholder returns in Q2, and Q3 may look similar unless prices turn higher soon.
Investors could benefit from ditching these three problematic coal stocks now, given recent developments in wind energy. All countries are developing policies to enhance the shift towards renewable energy sources.
The businesses we own are at extremely attractive prices with safe balance sheets and capable management. We have a large exposure to energy names/royalty companies, natural resource companies, cyclicals and industrials. We have focused our names on the companies with the lowest-cost-to-deliver, healthy balance sheets and good management.
ST. LOUIS , July 11, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) will discuss its second quarter 2024 financial results in an investor conference call on Thursday, July 25, 2024 at 10:00 a.m. Eastern time.
Shares of Archer Aviation Inc. got a lift Wednesday after company, which operates electric air taxis, said its Archer Air subsidiary received certification from the U.S. Federal Aviation Administration to operate as a commercial airline.
Arch Resources' (ARCH) first-quarter earnings are likely to have gained on the back of strong contributions from West Elk and robust shipments.
The past couple of weeks have been increasingly volatile for U.S. equities markets. The Nasdaq fell 3.55% last week, while the S&P500 had fallen 3.05%.
The Port of Baltimore is one of the major ports on the East Coast of the U.S., and has historically been a significant point for the export of coal. However, to be able to access the port, ships would have needed to go under the Francis Scott Key Bridge.
Arch Resources (ARCH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.