| Alpha Natural posts bigger-than-expected adjusted loss | |
| | |
|
(Adds details) April 30 (Reuters) - Alpha Natural Resources Inc reported a bigger-than-expected adjusted quarterly loss after selling less coal at lower prices, but the U.S. coal miner posted its first net profit in more than three years. Alpha, which idled some of its mines in West Virginia earlier this year, said its revenue fell 24 percent to $842 million in the three months to March 31 as sales volumes dropped more than 11 percent. The company said it expected prices for both steel-making and power generating coal to fall further this year as market conditions remain weak. Coal miners have been hit as utilities switch to cheaper natural gas and Chinese demand falls due to a slowing economy. Peabody Energy Corp and Arch Coal Inc reported bigger-than-expected losses last week. However, Alpha recorded a net profit of $68.2 million, or 30 cents per share, helped by a $364 million gain from early repayment of debt. Excluding items, the company reported a loss of 79 cents per share, more than the average analyst forecast of 73 cents, according to Thomson Reuters I/B/E/S. Alpha cut its 2015 capital spending plan to $200 million-$250 million from $225 million-$275 million set a year ago. Up to Wednesday's close of 82 cents, the company's shares had fallen 50 percent this year. (Reporting by Anet Josline Pinto in Bengaluru; Editing by Maju Samuel and Ted Kerr)
|
|
|
Arch Coal Inc
|
|
PRODUCTEUR |
CODE : ACI |
ISIN : US0393801008 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Arch Coal est une société de production minière de charbon basée aux Etats-Unis D'Amerique. Arch Coal détient divers projets d'exploration en USA. Ses principaux projets en production sont WEST ELK, BLACK THUNDER et JACOB'S RANCH en USA et son principal projet en développement est SPRUCE N° 1 en USA. Arch Coal est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 366 000 US$ (317 981 €). La valeur de son action a atteint son plus haut niveau récent le 27 juin 2003 à 99,96 US$, et son plus bas niveau récent le 04 octobre 2018 à 0,01 US$. Arch Coal possède 36 600 000 actions en circulation. |