| CNX Coal Resources (CNXC) Tops Q3 Earnings, Lags Revenues | |
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Cash from operating activities in the first nine months of 2015 was $47.03 million compared with $88.97 million in the first nine months of 2014. Capital expenditure for the first nine months was approximately $20.6 million, lower than the year-ago level of $57.3 million.
Coal production declined 8.67% from the year-ago level to 1.16 million tons to be on par with market conditions.
Guidance Estimated coal sales lie in the range of 4.6–4.7 million tons and 5.0–5.4 million tons for 2015 and 2016, respectively. Average cost of coal sold is expected to be between $40–$43 per ton for 2015.
CNX Coal Resources expects committed tons to be 4.5 million for 2015 and 3.8 million for 2016. The estimated price of committed tons is expected to be in the range of $56.50–$58.50 for 2015 and $50.00–$55.00 for 2016.
CNX Coal Resources has inked multi-year coal contracts with major power plants in the upper Midwest and Southeast. Upcoming Peer Releases Arch Coal Inc. ACI is expected to release third-quarter results on Nov 9, 2015. The Zacks Consensus Estimate stands at a loss of $5.79 per share. Natural Resource Partners LP NRP is slated to release third-quarter results on Nov 5, 2015. The Zacks Consensus Estimate for the quarter is pegged at 13 cents per share.
Alpha Natural Resources, Inc. ANRZQ is scheduled to release third-quarter results on Oct 29, 2015. The Zacks Consensus Estimate for the quarter stands at a loss of 78 cents per share. Zacks Rank CNX Coal Resources currently has a Zacks Rank #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ARCH COAL INC (ACI): Free Stock Analysis Report NATURAL RSRC LP (NRP): Free Stock Analysis Report CNX COAL RESRCS (CNXC): Free Stock Analysis Report ALPHA NATRL RES (ANRZQ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : ACI |
ISIN : US0393801008 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Arch Coal is a coal producing company based in United states of america. Arch Coal holds various exploration projects in USA. Its main assets in production are WEST ELK, BLACK THUNDER and JACOB'S RANCH in USA and its main asset in development is SPRUCE N° 1 in USA. Arch Coal is listed in Germany and in United States of America. Its market capitalisation is 868.2 millions as of today (€ 793.3 millions). Its stock quote reached its highest recent level on June 27, 2003 at 99.96, and its lowest recent point on October 01, 2018 at 0.01. Arch Coal has 47 442 200 shares outstanding. |