Tag Archives: Coal

Arch Coal (ARCH) 18Q1 Update

2018 First Quarter Results. On April 26, Arch Coal reported disappointing 2018 first quarter results. Adjusted EPS for the quarter was $2.95, up from $2.82 last year, but behind the consensus forecast of $4.22.  Revenues declined 4.3% to $575.3 million, … Continue reading

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An Update on Arch Coal (ARCH)

Arch Coal emerged from bankruptcy on October 5, 2016 and recently filed its 2016 10-K which included its fourth quarter performance (Oct. 2 to Dec. 31) as a reorganized (i.e. successor) company. With its quick emergence from Chapter 11, substantial … Continue reading

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Peabody Puts Its Bankruptcy Plan to a Vote (Part 3)

Other Thoughts on the Plan.  In a bankruptcy, a debtor-in-possession serves as a fiduciary for the creditors and interests.  The court oversees the case to ensure that the debtor fulfills its obligations.  Yet, both the debtor and the court cannot … Continue reading

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Peabody Puts Its Bankruptcy Plan to a Vote (Part 2)

Under Peabody’s bankruptcy plan a simplified summary of the classes, amount and treatment of claims and interests is given in the table below:

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Peabody Puts Its Bankruptcy Plan to a Vote (Part 1)

On January 27, 2017, the bankruptcy court approved Peabody’s bankruptcy plan and disclosure statement.  By now, these documents have been distributed to creditors who are eligible to vote on the plan.  The voting deadline is March 3.  Objections to the … Continue reading

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Arch Coal Post-Bankruptcy

On October 5, Arch Coal officially exited the bankruptcy process.  The exit came just short of nine months after it had filed for bankruptcy on January 11, 2016.  This was a remarkable achievement, given the company’s size, the large and … Continue reading

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Coal Stocks Surge on Rebound in Overseas Prices

Many coal stocks have surged in price in October, primarily because of rising coal prices overseas and improving production volumes in the U.S. Shares of Peabody Energy (BTUUQ), which is still in bankruptcy, surged more than ten-fold in just ten … Continue reading

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Cloud Peak’s Exchange Offer

On Sept. 12, Cloud Peak Energy (CLD) launched an exchange offer for its two series of outstanding bonds:  the 8.5% Senior Notes due 2019 and the 6.75% Senior Notes due 2024.  The company offered to exchange up to $400 million … Continue reading

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Arch Coal Puts Its Bankruptcy Plan to a Vote

On July 6, the bankruptcy court approved Arch Coal’s Third Amended Bankruptcy Plan and Disclosure Statement. That set in motion the voting process which is scheduled to end on August 31. If there are no hitches and creditors vote in … Continue reading

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Westmoreland Coal: Still Hanging On

Like most of its peers, Westmoreland Coal Company (WLB) has seen its stock price fall precipitously over the past several years. Its stock is down more than 80% since it peaked in July 2014.

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