ARCH RESOURCES Reports Second Quarter Earnings for FY2023 on June 30, 2023
August 22, 2023
🌥️Earnings Overview
ARCH RESOURCES ($NYSE:ARCH) reported USD 757.3 million in total revenue for the second quarter of FY2023, a 33.2% decrease compared to the same period in the preceding year. Net income for the quarter was USD 77.4 million, an 81.0% year-over-year decrease. These results were reported on June 30 2023.
Share Price
On Thursday, June 30, 2023, ARCH RESOURCES reported their second quarter earnings for the fiscal year 2023. At the start of trading, ARCH RESOURCES stock opened at $112.0 and by the close of trading it had risen to $122.6, which was a 1.6% increase from its previous closing price of $120.7. This was a positive sign for investors who are looking to capitalize on the growth of ARCH RESOURCES. The company’s growth is an encouraging indicator for its long-term success and profitability.
Investors can look forward to seeing similar patterns of growth as the company continues to tap into new markets. The second quarter earnings report is also expected to provide investors with more insight into the company’s financial health and performance, as well as future plans and projections. With the successful reporting of their second quarter earnings, ARCH RESOURCES looks poised to continue their success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Arch Resources. More…
| Total Revenues | Net Income | Net Margin |
| 3.35k | 926.94 | 27.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Arch Resources. More…
| Operations | Investing | Financing |
| 971.26 | -245.1 | -806.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Arch Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.39k | 961.34 | 76.34 |
Key Ratios Snapshot
Some of the financial key ratios for Arch Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.9% | 267.1% | 22.1% |
| FCF Margin | ROE | ROA |
| 23.1% | 32.0% | 19.4% |
Analysis
At GoodWhale, we have conducted an analysis of ARCH RESOURCES‘s financials and have determined that it is a medium risk investment. This evaluation is based on data concerning the company’s financial and business aspects. Our Risk Rating tool has identified three risk warnings in the company’s income sheet, balance sheet, and non financial information. If you would like to take a closer look at these risk warnings, please consider registering with GoodWhale. We have the resources to give you the most accurate financial and business assessment of ARCH RESOURCES. With GoodWhale, you can rest assured that you’re making an informed decision about your investments. More…
Peers
The coal industry is competitive, with a handful of large companies vying for market share. Arch Resources Inc is one of the largest coal producers in the world, and it competes with Exxaro Resources Ltd, Hallador Energy Co, and PT Bayan Resources Tbk. These companies are all large, well-established players in the coal industry, and they are all fighting for market share.
– Exxaro Resources Ltd ($OTCPK:EXXAF)
Exxaro Resources Ltd is a coal and heavy minerals mining company with operations in South Africa, Australia, and China. The company has a market capitalization of $2.89 billion as of 2022 and a return on equity of 31.44%. Exxaro is the largest producer of coal in South Africa and also has substantial operations in iron ore, titanium ore, and zircon. The company has a strong focus on sustainable development and aims to be a leading player in the global transition to a low-carbon economy.
– Hallador Energy Co ($NASDAQ:HNRG)
Hallador Energy Co is a coal mining and processing company. The company has a market cap of 222.3 million and a return on equity of -1.47%. The company’s coal mines are located in Indiana and Ohio. The company produces and sells coal to utilities and industrial customers in the United States.
– PT Bayan Resources Tbk ($IDX:BYAN)
PT Bayan Resources Tbk is one of the largest thermal coal producers in Indonesia. The company has a market cap of 236.67T as of 2022 and a Return on Equity of 77.24%. PT Bayan Resources Tbk is engaged in the business of mining, marketing, and trading coal. The company produces a variety of coal products including thermal coal, metallurgical coal, and washed coal. PT Bayan Resources Tbk has a strong presence in the Indonesian coal market with a market share of around 20%.
Summary
Arch Resources has reported poor results for the second quarter of FY2023, with total revenue decreased by 33.2% and net income decreased by 81.0%. This is an alarming sign for potential investors, as it indicates the company’s inability to generate revenue and profits in a difficult economic climate. Investors should research the company more thoroughly before investing. It is important to assess the company’s financial performance, management strategy, and competitive landscape to ensure a good return on investment.
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