Arch Resources Reports Fourth Quarter 2020 Results
Maintains operational excellence in core metallurgical segment despite virus-related impacts
Nears completion of world-class Leer South growth project
Advances strategic plan for legacy thermal assets, accelerating pivot towards steel and metallurgical markets
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ST. LOUIS, Feb. 9, 2021 /PRNewswire/ Arch Resources, Inc. (NYSE: ARCH) today reported a net loss of $78.5 million, or $5.17 per diluted share, in the fourth quarter of 2020, compared with a net loss of $8.6 million, or $0.57 per diluted share, in the prior-year period. The net loss included a $45.0 million charge primarily related to the planned, accelerated closure of the Coal Creek mine in the Powder River Basin. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations (ARO), and non-operating expenses ( adjusted EBITDA )