ST. LOUIS, Oct. 26, 2021 /PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) today reported net income of $89.1 million, or $4.92 per diluted share, in the third quarter of 2021, compared with a net loss of $191.5 million, or $12.64 per diluted share, in the prior-year period. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations (ARO), and non-operating expenses ("adjusted EBITDA") 1 of $131.6 million in the third quarter of 2021, which included a $19.6 million non-cash mark-to-market loss associated with the company's coal-hedging activities. This compares to $17.4 million of adjusted EBITDA in the third quarter of 2020, which included a $2.6 million non-cash mark-to-market loss associated with the company's coal-hedging activities. Revenues totaled $594.4 million for the three months ended September 30, 2021, versus $382.3 million in the prior-year quarter.
Read more at prnewswire.comArch Resources Reports Third Quarter 2021 Results
Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.
