Arch Resources, Inc. (NYSE:ARCH) Q2 2023 Earnings Call Transcript
Operator: Good morning, and welcome to the Arch Resources Second Quarter 2023 Earnings Call. All participants will be in listen-only mode.
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Operator: Good morning, and welcome to the Arch Resources Second Quarter 2023 Earnings Call. All participants will be in listen-only mode.
Powder River Basin coal production dipped last quarter as demand cooled due to lower natural gas prices and higher utility stockpiles, despite the mines finding long-awaited improvement from railway companies.
Although it's reported the world is going through a transition away from fossil fuels to so-called 'green energy,' the data doesn’t support it. The use of coal in China has exploded thereby making overall coal consumption increase.
NEWS RELEASE Investor Relations 314/994-2916 ...
/PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) today reported net income of $77.4 million, or $4.04 per diluted share, in the second quarter of 2023,...