Arch Coal’s revenues are mainly driven by its mines operated in the Powder River Basin and Appalachia regions.
On December 31, 2016, Viper Mining Complex had ~38.3 million tons of coal reserves.
Arch Coal (ARCH) operates five mining complexes in the Appalachian region that produce metallurgical coal. Metallurgical coal is also known as coking coal and is used in steelmaking.
Coal Creek is a 7,400-acre mining complex that extracts thermal coal from the Wyodak‑R1 and Wyodak‑R3 seams.
On October 5, 2016, Arch Coal (ARCH) emerged from bankruptcy through successful financial restructuring.
In its largest-ever acquisition, Arch Coal purchased International Coal Group for ~$3.4 billion on June 15, 2011.
Arch Coal (ARCH) sold 96 million tons of coal in 2016, meeting ~13% of the coal supply in the US. In October 2016, ARCH emerged from Chapter 11 bankruptcy.
The ETF (exchange-traded fund) market has outperformed coal stocks, as represented by the VanEck Vectors Coal ETF (KOL), so far in 1H17.
As of June 30, 2017, ARLP’s long-term contracts totaled ~38.0 million tons for 2017, 20.1 million tons for 2018, and 11.0 million tons for 2019.
As of June 30, the book value of ARLP’s long-term debt was about $1.0 billion, of which ~$145 million is due for payment over the next year.
In 2016, Alliance Resource Partners (ARLP) reported adjusted EBITDA of $765.2 million, which was 6.1% lower than its $814.7 million in 2015.
Alliance Resource Partners (ARLP) reported shipments of 36.7 million tons in 2016, which represents an 8.9% fall from 40.2 million tons in 2015.
ARLP supplies coal to its customers by rail, barge, and truck. Its mines are in favorable geographic locations that minimize transportation costs for customers.
Alliance Resource Partners operates three underground mining complexes in the Appalachia region in eastern Kentucky, Maryland, and West Virginia.
ARLP’s Illinois Basin segment consists of five operating mining complexes. The Dotiki mine is in Webster County, Kentucky, and produces high-sulfur coal.
Alliance Resource Partners (ARLP) operates eight underground mining complexes in two regions: Illinois and Appalachia.
As of December 31, 2016, Alliance Resource Partners was being managed by its MGP, which is 100% owned, directly and indirectly, by AGHP.
In this series, we’ll explore how Alliance Resource Partners has expanded its business and evaluate its key operational metrics and financial position.
Sage Therapeutics (SAGE) is focused on the development of the products for the treatment of life-threatening central nervous system (or CNS) disorders.
The products under development for the treatment of life-threatening central nervous system (or CNS) disorders in Sage Therapeutics’ (SAGE) portfolio are either based on GABA or NMDA receptor systems.