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Alpha Natural Resources, Inc. Message Board

  • fghton fghton Jul 29, 2013 3:29 PM Flag

    ACI Reports Tommorrow Morning...

    Let's hope theirs is better than expected as it should run over to us!

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    • I expect Arch will beat the street with a loss of 32 cents a share. Say maybe 29 cents. Cost cutting and a sale of some none core assets might help down the road. It will be at least spring before we have any real sustained movement upward in my opinion.

      • 2 Replies to yogertman2002
      • 7:51AM Arch Coal beats by $0.04, misses on revs; Co says that the the outlook for U.S. thermal coal is improving (ACI) 4.14 : Reports Q2 (Jun) loss of $0.29 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of ($0.33); revenues fell 20.6% year/year to $766.3 mln vs the $919.73 mln consensus.

        Arch believes currently depressed metallurgical coal market trends are unsustainable over the long term. Global crude steel production is forecasted to increase 35% between 2012 and 2020, reaching 2 billion tonnes by the end of the decade. Increased utilization at existing steel plants and the projected build-out of new steel capacity will drive future metallurgical coal demand. Moreover, capital spending for future metallurgical coal supply projects is being curtailed and supply rationalization at existing metallurgical coal operations is underway. "Even with a near-term cautious outlook on global metallurgical coal markets, we're confident that supply will decline and demand will rebound over time," said Eaves. "Metallurgical coal output and capital spending levels industrywide are in the process of significant rationalization, setting the stage for the next market upswing as global economies begin to improve."

        The outlook for U.S. thermal coal is improving. Year-to-date through May 2013, domestic coal use for power generation has increased 10% compared with the same period last year. For 2013, Arch expects thermal coal consumption in the U.S. to rise by 50 mln tons versus 2012 levels. Moreover, according to Mine Safety and Health Administration data, U.S. coal production has declined more than 20 mln tons year-to-date through June 2013. Increased demand and decreased supply are reducing coal stockpiles at U.S. power generators. Internal estimates suggest that customer coal stockpile levels declined to roughly 170 mln tons at the end of June 2013, representing a 15 mln ton reduction since the beginning of the year.

      • Arch Coal, Inc. Reports Second Quarter 2013 Results
        Quarterly Adj. EBITDA increases 32% over first quarter, reaches $110 million
        Successful execution of cost reduction initiatives leads to improved 2013 guidance
        Outlook for U.S. thermal coal market improving

    • Do not forget CLD also. Tomorrow should be a interesting day.

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