In its first-quarter earnings report, Arch Coal said it captured record margins from its coking coal portfolio and overcame flood-related rail service disruptions at its Powder River Basin (PRB) operations.
“Arch is out of the gates in excellent fashion in 2019 with yet another strong operating performance, a robust level of capital returned to shareholders, and significant progress in the development of our next world-class coking coal mine,” said Arch CEO John W. Eaves. “Given our outlook for strong and continued free-cash generation through the balance of the year, Arch expects to be in an excellent position to drive ahead with our capital return program while simultaneously laying a powerful foundation for future volume and earnings growth at the new Leer South mine.”