American Resources Reports Q2 Earnings with Higher-Than-Expected EPS

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American Resources ($NASDAQ:AREC) Corporation (NASDAQ: AREC) reported its second quarter earnings yesterday, and the results were better than expected. The company reported a GAAP earnings per share of $0.14, surpassing expectations by $0.17.

However, revenue of $4.68M fell short of the estimated $8.32M. American Resources is an integrated natural resources company with a focus on the production and sale of metallurgical coal and industrial products. The company has operations in Central Appalachia, the Illinois Basin, the Powder River Basin, and the Northern Appalachian Basin. American Resources has a strong presence in the U.S. coal market and produces coal for customers in the steel, cement, and utilities sectors. Going forward, American Resources hopes to continue its cost optimization efforts and maximize its profits in the coming quarters.

Share Price

American Resources reported strong second quarter earnings on Thursday with higher-than-expected earnings per share (EPS). This news drove the stock up 5.2% from a previous closing price of $1.3, opening at $1.3 and closing at $1.4. The positive news was well received by investors, and the company saw a significant volume of trading during the day.

Overall, this news is a positive sign for American Resources and suggests that the company is set for a strong year, with solid performance in the second quarter and potential for even higher returns in the future. With this in mind, investors should keep an eye on American Resources for further progress and updates. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for American Resources. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for American Resources. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for American Resources. More…

Key Ratios Snapshot

Some of the financial key ratios for American Resources are shown below. More…

Analysis

As a registered user of GoodWhale, you can analyze the financials of AMERICAN RESOURCES with our assistance. Our Risk Rating system gives AMERICAN RESOURCES a medium risk investment rating, which means there are risks involved but it is not overly risky. GoodWhale has identified 3 potential risks in the income sheet, balance sheet, and cashflow statement. To access these insights, you must become a registered user of GoodWhale. Then you can access the risk warnings and analyze the financials of AMERICAN RESOURCES more closely. More…

Peers

The company focuses on the development and production of metallurgical coal and industrial minerals in the United States. The company has two operating subsidiaries, Ohio Valley Coal Company and Indiana Mining Company. The company was founded in 2004 and is headquartered in Indianapolis, Indiana. American Resources Corp operates in the coal and other minerals industry. The company’s competitors include Gratomic Inc, Stanmore Resources Ltd, Anglo Pacific Group PLC.

– Gratomic Inc ($TSXV:GRAT)

Gratomic Inc is a publicly traded company with a market capitalization of $66.5 million as of 2022. The company has a negative return on equity of -24.89%. Gratomic is engaged in the business of advanced materials, with a focus on graphite and graphene-based products. The company has developed a proprietary process to produce high-quality graphite from coal. Gratomic’s products are used in a variety of applications, including batteries, solar cells, and fuel cells.

– Stanmore Resources Ltd ($ASX:SMR)

Stanmore Resources Ltd is an Australian company that produces thermal coal. The company has a market cap of 2.33B as of 2022 and a Return on Equity of 55.75%. Stanmore Resources Ltd is a thermal coal producer with operations in the Hunter Valley region of New South Wales, Australia. The company’s primary product is thermal coal, which is used in power generation. Stanmore Resources Ltd also produces semi-soft coking coal and metallurgical coal. The company’s customer base includes utilities, steelmakers, and industrial users.

Summary

Revenue of $4.68M also fell short of expectations, missing by $8.32M. Despite the shortfalls, investors seemed to be encouraged by the company’s performance, leading to a stock surge. Moving forward, analysts will be keeping a close eye on AMER to see if the momentum can continue and if management can turn around the underperformance of the stock.