Bridge Disaster Leaves Some US Coal Exporters With Few Options [BNN Bloomberg (Canada)]
Arch Resources, Inc. Class A (ARCH)
Last arch resources, inc. class a earnings: 4/23 06:30 am
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US:NYSE Investor Relations:
investor.archcoal.com
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Source: BNN Bloomberg
“Consol has the biggest exposure to this incident,” said Sandeep Sama, a senior analyst with Moody's Ratings. Baltimore's port was shut down after a cargo ship slammed into the Francis Scott Key bridge early Tuesday morning, killing six people. As of Thursday, the wreckage of the bridge is still in the water, curtailing shipping to the Consol Marine Terminal about three miles (five kilometers) upstream. The terminal is a key asset for Consol, which has focused on boosting exports in recent years amid shrinking domestic demand for the dirtiest fossil fuel. The company produced about 26 million tons of coal last year, and shipped almost 60% of that out through the terminal. It has few alternatives for reaching international markets. “It's tough to say what their backup plan might be,” Sama said. Consol didn't reply to phone or email inquiries. It said in a statement Tuesday that it had no definitive timeline for when normal operations would resume. The company's shares tumbled 6.
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News
- Arch Resources First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Arch Resources (ARCH) Q1 Earnings & Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Arch Resources (ARCH) Q1 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- Arch Resources Reports First Quarter 2024 ResultsPR Newswire
- Arch Resources, Inc. (NYSE: ARCH) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $180.00 price target on the stock.MarketBeat
ARCH
Earnings
- 4/25/24 - Beat
ARCH
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/5/24 - Form SC
- ARCH's page on the SEC website