Metallurgical coal miners are chasing favorable prices and forging ahead with development and ramp-up plans for new mining projects
Arch is the leading producer of High-Vol A metallurgical coal globally. They operate four met mines, two large scale longwall operations.
Earnings is tough to trade. It’s like betting against the spread in NFL or NCAA Football games, and Vegas is very smart and typically spot on.
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.
Arch reported net income of $3.91 per diluted share, meeting analysts’ estimates but down from $8.68 in the same period last year.