Arch Resources reports Q3 EPS $3.91, consensus $3.47

Reports Q3 revenue $744.6M, consensus $637.9M. “Even with constrained advance rates at Leer South, our core metallurgical segment delivered first-quartile cash costs, a sequential step-up in per-ton realizations, and a quarter-over-quarter increase in per-ton cash margin during the third quarter,” said Paul Lang, Arch‘s CEO and president. “In total, the team generated $86.5 million in discretionary cash flow, recharging Arch’s ongoing capital return program and underscoring yet again the company’s significant and durable cash-generating capabilities. Additionally, the board recently increased the weighting of share repurchases in Arch’s capital allocation formula, further highlighting its confidence in the company’s long-term outlook.”