Arch Resources reports preliminary Q3 adjusted EBITDA 10% lower than Q2

In addition, Arch preliminarily expects adjusted EBITDA for the third quarter of 2023 to be approximately 10 percent lower than the total reported for the second quarter of 2023. Arch expects discretionary cash flow – defined as cash flow from operating activities less capital expenditures – for the third quarter of 2023 to be more than half the total of $150.7M achieved in the second quarter of 2023, which included a working capital reduction of $62.5M. These amounts are estimates, actual third quarter 2023 financial results will be released on October 26.