Arch Coal Q4 Loss Widens On Impairment Charge - Quick Facts

(RTTNews) - Arch Coal, Inc. (ACI) reported that its fourth-quarter net loss widened to $371.2 million or $1.75 per share, from a loss of $295.4 million or $1.39 per share, last year. Loss per share from continuing operation was $1.76, compared to a loss of $1.45 per share, prior year. The company noted that its fourth-quarter results included a non-cash goodwill impairment charge of $265.4 million, which has no impact on liquidity, operating cash flow and ongoing business operations. Adjusted net loss attributable to Arch Coal was $95.08 million or $0.45 per share, for the quarter.

On average, 26 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Adjusted EBITDA was $38.4 million, compared to $71.2 million, prior year.

The company said its results reflect a softer pricing environment for metallurgical and thermal coals than in the prior-year quarter, as well as the impact of previously disclosed rail service issues in the Powder River Basin and geological challenges encountered in Appalachia.

Revenues declined year-over-year to $719.4 million, from $867.0 million. Analysts expected revenue of $764.44 million for the quarter.