All Posts Tagged With: "ACI"
(ACI) Arch Coal Buys Stake in Texas Power Plant
Arch Coal Inc. (ACI) that it purchased 35% equity interest in a Texas power plant as part of its ongoing pursuit of technology meant to reduce damaging greenhouse gas emissions. The Trailblazer Energy Center...
(ACI) Arch Coal Misses Expectations – Profits Fall
Arch Coal Inc. (ACI) posted a net income of 11 cents per share for the fourth quarter of 2009, below the Zacks Consensus Estimate of 16 cents and the reported net income of 44 cents per share during the same...
(ACI) Arch Coal and Great Northern Properties Limited Partnership Sign Coal Lease Pact
Arch Coal Inc. (ACI) and Great Northern Properties Limited Partnership (GNP) have entered into a coal lease agreement for all of GNP’s coal resources in the Otter Creek Tracts located in southeastern Montana....
(ACI) Arch Coal Tops Consensus Estimates
Arch Coal Inc. (ACI) posted a net income of 16 cents per share for the third quarter of 2009, better than the Zacks Consensus Estimate of 4 cents. It reported net income of...
(MEE) Disappointing Quarter for Massey Energy
Massey Energy Co. (MEE) the largest coal company in Central Appalachia, Virginia – announced third-quarter earnings of 19 cents per share, which was in line with the Zacks Consensus Estimate. However,...
(BTU) Coal Industry – Industry Outlook
Our near-term (6-18 months) outlook for the coal industry has improved somewhat from our previous neutral sentiment to a more positive undertone. Based off of various recent economic indicators, the U.S. economy appears to be stabilizing. Although the rest of 2009 is likely...
(ACI) Arch Coal Extends Credit Line
Arch Coal (ACI) recently extended the size and maturity of its senior secured revolving credit facility. The existing drawing limit under the credit line was raised to $860 million from $800 million through June 2011.
From June 2011, the...
(ACI) Arch Coal Gets Jacobs Ranch
The Federal Trade Commission recently granted antitrust clearance to Arch Coal (ACI) for its pending acquisition of Rio Tinto’s (RTP) Jacobs Ranch mine in the Powder River Basin of Wyoming. Arch expects to close the deal within six weeks.