2023 Q4 MSHA Production Review
January 26, 2024
Let’s start with the big overall trend, and for that we need to think in terms of thermal coal, generally when discussing US coal production.
Tag: CNR
Arch Resources Looks to Repurpose Coal Facilities Ahead of Mine Closures
January 25, 2024
In Wyoming, a trivial zoning change approved by Campbell County this month could open the door to a new economic development strategy
Time for some Upgrades
January 21, 2024
Now that I’m back from vacation, it’s time for some equity upgrades. Last week turned out NOT to be a quiet week in the coal sector.
Updated Producer Comps
January 3, 2024
Met & Thermal Coal Producer Valuations along with a theoretical framework on how I think about valuing coal companies.
Downgrading Thermal
December 12, 2023
I’m going to kick this off by reiterating my avoidance call on all thermal coal, that is US domestic and seaborne thermal.
Updated Met Comps (EV/EBITDA & FCF Yield)
December 7, 2023
In light of the Ramaco 2024 Guidance Update, I updated my metallurgical coal price deck and valuations for each of the US met producers.
CONSOL Wants Gov’t to Back Coal-to-Liquids
November 28, 2023
The federal government should step in and back development of coal-to-liquid fuel, a senior coal mining executive said.
Metallurgical Comps
November 14, 2023
I spent some time updating metallurgical producer financial models today, so this will be a chart heavy post.
Coal News & Price Data – October 31, 2023 – CONSOL Earnings Miss
October 31, 2023
CONSOL Energy Inc. reported its financial results for the period ending September 30, 2023.
Arch Post-Earnings Thoughts
October 29, 2023
Arch reported net income of $3.91 per diluted share, meeting analysts’ estimates but down from $8.68 in the same period last year.
Coal News & Price Data – October 26, 2023 – Arch & Peabody Earnings
October 26, 2023
ARCH Resources & Peabody Energy reported Q3 earnings this morning. Earnings calls will take place at 10 and 10:30 am.