Arch Resources Q1 net income $56M, down 72% YoY; adjusted EBITDA $102.9M

ARCH RESOURCES, INC.

2024-Q1 EPS reported $2.98 revenue$680,190,000

Net income of $56M ($2.98 diluted EPS) vs $198.1M ($10.02) YoY; revenue $680.2M down from $869.9M.
Adjusted EBITDA $102.9M vs $277.3M in Q1 2023; met segment contributed $129.5M.
Declared Q2 dividend of $1.11/share ($0.25 fixed + $0.86 variable), payable June 14, record May 31.
Reduced diluted share count by 3%; repurchased 94,701 shares at avg $166.30; $202M buyback left.
Q2 coking coal shipments seen 1.9–2.2M tons due to Baltimore bridge; FY outlook unchanged 8.6–9.0M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARCH RESOURCES, INC. reported first quarter 2024 results: revenue $680.2 million, net income $56.0 million, EPS $2.98 per diluted share.

Period: first quarter 2024
Revenue: $680.2 million
Net income: $56.0 million
EPS: $2.98 per diluted share
Result: reported results

Exact text from the filing

expenses (“adjusted EBITDA”) 1 of $102.9 million in the first quarter of 2024. This compares to $277.3 million of adjusted EBITDA in the first quarter of 2023. Revenues totaled $680.2 million for the three months ended March 31, 2024, versus $869.9 million in the prior-year quarter. In the first quarter of 2024, Arch drove forward with its key strategic priorities and

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Source: SEC EDGAR

accession 0001104659-24-051582

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