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Arch Coal Inc. (NYSE: ACI) announced its revenues for the fourth quarter of 2014, as well as its adjusted EBITDA from continuing operations.
Arch Coal Inc. (NYSE: ACI) announced its revenues for the fourth quarter of 2014, as well as its adjusted EBITDA from continuing operations.
As quoted in the press release:
For the three months ended Dec. 31, 2014, Arch reported a net loss of $240.1 million, or $1.13 per diluted share, compared with a $371.2 million net loss, or $1.75 per diluted share, in the fourth quarter of 2013. The net loss for the fourth quarter of 2014 includes an adjustment to the valuation allowance related to deferred tax assets, resulting in a non-cash income tax charge of $169.0 million, or $0.80 per share.
John W. Eaves, Arch’s president and CEO, stated:
During the fourth quarter of 2014, improving operational results and steady shipment levels offset the softening pricing environment, allowing Arch to deliver its highest quarterly EBITDA in over a year. Our strong cost performance in the Appalachian segment, underscored by an outstanding operational quarter at our Leer mine, demonstrates that our strategy to control costs, preserve liquidity and reduce capital outlays is effectively mitigating some of the industry-wide headwinds.
Click here for the full Arch Coal Inc. (NYSE: ACI)Â press release