Alpha Natural Resources Inc

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  • uploads///GWR Australian
    Basic Materials

    Genesee & Wyoming: Its North American Freight Trends in October

    In October 2017, Genesee & Wyoming recorded a slight fall of 1.7% in its North American freight traffic YoY (year-over-year).

    By Samuel Prince
  • uploads///GWR NA
    Consumer

    Why Genesee & Wyoming’s North American Volumes Fell in August

    In August 2017, GWR posted a marginal fall of 1.6% in its North American shipments year-over-year.

    By Samuel Prince
  • uploads///CSX Carloads
    Industrials

    CSX: Intermodal Pushed Volumes despite Fall in Railcars in Week 33

    In the week ended August 19, 2017, CSX hauled nearly 69,000 railcars compared with ~70,500 units in the week ended August 20, 2016.

    By Samuel Prince
  • uploads///GWR Europe
    Energy & Utilities

    Genesee and Wyoming Saw Dive in European Carloads in July 2017

    Genesee and Wyoming moved ~91,000 railcars in July 2017 compared to ~97,000 carloads in the same month last year.

    By Samuel Prince
  • uploads///GWR NA
    Industrials

    How Genesee and Wyoming’s Volumes Trended in July 2017

    In July 2017, Genesee and Wyoming recorded a slight decline in its North American traffic YoY (year-over-year).

    By Samuel Prince
  • uploads///KSU Carloads
    Industrials

    Kansas City Southern: Did Coal Push Volumes in Week 32?

    Kansas City Southern (KSU), a US-Mexico railroad, is the smallest Class I railroad in the US.

    By Samuel Prince
  • uploads///NSC Carloads
    Energy & Utilities

    How Norfolk Southern’s Freight Rail Volumes Trended in Week 32

    In the week ended August 12, 2017, Norfolk Southern reported a 5% rise in overall freight volumes.

    By Samuel Prince
  • uploads///GWR NA
    Basic Materials

    Behind Genesee and Wyoming’s North American Shipments in June 2017

    In June 2017, Genesee & Wyoming registered a marginal decline in its North American traffic YoY. GWR hauled ~131,000 railcars that month.

    By Samuel Prince
  • uploads///BNSF Carloads
    Miscellaneous

    Here’s What Led BNSF Railway’s Growth in Carloads

    BNSF Railway’s total carloads excluding intermodal grew 4.7% in the week ended July 8, 2017. It moved ~89,500 railcars that week.

    By Samuel Prince
  • uploads///BNSF Carloads
    Miscellaneous

    These Commodities Led BNSF Railway’s Rise in Week 26

    In the week ended July 1, 2017, BNSF Railway’s overall railcars excluding intermodal grew 4.8%.

    By Samuel Prince
  • uploads///UNP Intermodal
    Miscellaneous

    Inside BNSF Railway’s Railcar Volumes in Week 25

    BNSF Railway competes with Union Pacific and dominates the Western US territories. BNSF operates with a rail network of 33,000 route miles in 28 states and three Canadian provinces.

    By Samuel Prince
  • uploads///KSU Carloads
    Miscellaneous

    Kansas City Southern’s Coal Fall Lowered Its Volume Growth

    The week ended June 17, 2017, saw Kansas City Southern’s (KSU) overall railcars rise 4.3% over the same week last year.

    By Samuel Prince
  • uploads///BNSF Carloads
    Miscellaneous

    BNSF Railway’s Freight Volumes versus the Industry’s in Week 24

    BNSF Railway (BRK-B) is a major North American freight transportation company. It has a rail network of 33,000 route miles in 28 states and three Canadian provinces.

    By Samuel Prince
  • uploads///KSU Carloads
    Miscellaneous

    Kansas City Southern: Commodities Leading the Volume Rise in Week 23

    In the week ended June 10, 2017, Kansas City Southern’s (KSU) total railcars rose 11.2% compared to the corresponding week of 2016.

    By Samuel Prince
  • uploads///BNSF Carloads
    Miscellaneous

    BNSF Railway: Did Coal Push Volumes in Week 23?

    BNSF Railway’s total railcars for the week ended June 10, 2017, grew 7.7% YoY to ~94,000 units, compared to ~87,000 units in the corresponding week of 2016.

    By Samuel Prince
  • uploads///BNSF Carloads
    Miscellaneous

    Behind BNSF Railway’s Double-Digit Volume Rise in Week 19

    BNSF Railway operates in the Western United States and competes primarily with Union Pacific (UNP). Its total railcars for the week ended May 13, 2017, rose 11.6% year-over-year.

    By Samuel Prince
  • uploads///KSU Carloads
    Miscellaneous

    Week 18: Strong Coal Ups Kansas City Southern’s Carloads in Week 18

    In the week ended May 6, 2017, Kansas City Southern’s (KSU) total railcars rose 15.2% from the corresponding week of 2016.

    By Samuel Prince
  • uploads///BNSF Carloads
    Miscellaneous

    BNSF Railway: Rise in Coal Volumes Pushed Carloads in Week 18

    BNSF Railway’s total railcars for the week ended May 6, 2017, rose 11.3% year-over-year to 88,600 units, compared with ~80,000 units in the corresponding week of 2016.

    By Samuel Prince
  • uploads///KSU Carloads
    Miscellaneous

    What Boosted Kansas City Southern’s Carloads in Week 17?

    Kansas City Southern’s carloads In the week ended April 29, 2017, Kansas City Southern’s (KSU) total railcars rose 24% from the corresponding week of 2016. Kansas City Southern hauled almost 27,000 railcars, compared with nearly 22,000 units in the week ended April 30, 2016. The company’s carloads other than coal and coke rose by an […]

    By Samuel Prince
  • uploads///KSU Carloads
    Miscellaneous

    Kansas City Southern: Coal Pushed Volumes Up in Week 14

    In the week ended April 8, 2017, Kansas City Southern’s (KSU) total railcars rose 9.0% compared to the corresponding week of 2016.

    By Samuel Prince
  • uploads///BNSF Carloads
    Company & Industry Overviews

    Why BNSF Railway Posted a Robust Rise in Its Week 13 Freight Volumes

    BNSF Railway’s total railcars for the week ended April 1, 2017, rose 15.6% year-over-year to ~96,000 units, compared to ~83,000 units in the corresponding week of 2016.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Week 12: Kansas City Southern’s Carloads Growth Compared to Peers

    In the week ended March 25, 2017, Kansas City Southern’s (KSU) total railcars rose 26.6% compared to the corresponding week of 2016.

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    Was Coal Instrumental in BNSF’s Carloads Rise in the 12th Week?

    BNSF Railway’s (BRK-B) total railcars for the week ended March 25, 2017, rose 19.4% YoY (year-over-year) to ~98,000 units.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Decoding Kansas City Southern’s Carload Growth Story

    In the week ended March 18, 2017, Kansas City Southern’s (KSU) total railcars rose 24% compared to the corresponding week of 2016.

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    Did Coal Volumes Push Up BNSF Railway’s Carloads in Week 11?

    BNSF Railway (BRK-B) operates in the Western United States and competes primarily with Union Pacific (UNP). Its total railcars for the week ended March 18, 2017, rose 15% year-over-year.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Why Kansas City Southern’s Carloads Jumped

    In the week ended March 11, 2017, Kansas City Southern’s (KSU) total railcars rose 21% from the corresponding week of 2016.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Analyzing Kansas City Southern’s Carloads Last Week

    In the week ended March 4, 2017, Kansas City Southern’s (KSU) total railcars rose 12% from the corresponding week of 2016.

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    How Did BNSF Railway’s Carloads Trend?

    BNSF Railway (BRK-B) operates in the Western United States and competes primarily with Union Pacific (UNP).

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    Your Guide to BNSF Railway’s Latest Carload Data

    BNSF’s total railcars for the week ended February 25, 2017, rose 2.3% YoY to more than 92,000 units.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    A Close Look at Kansas City Southern’s Carloads

    Kansas City Southern’s carloads In the week ended February 18, 2017, Kansas City Southern’s (KSU) total railcars rose 12.6% from the corresponding week of 2016. In the same week, KSU hauled over 25,000 railcars, compared with 22,000 units in the week ended February 20, 2016. Carloads other than coal and coke rose 8.9% YoY (year-over-year). […]

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    These Commodity Groups Pushed BNSF Railway’s Carloads

    BNSF Railway’s total railcars for the week ended February 11, 2017, rose 4.2% YoY to ~92,000 units.

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    Huge Rise in Coal Boosts BNSF Railway’s Carloads

    BNSF Railway’s carloads BNSF Railway (BRK-B) operates in the western United States and competes with Union Pacific (UNP). Its total railcars for the week ended January 21, 2017, rose 8.1% YoY (year-over-year) to over 97,000 units, compared with ~90,000 units in the corresponding week of 2016. Carloads, other than coal and coke, rose very slightly […]

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    How Did BNSF Railway’s Carloads Fare against Rival Union Pacific?

    BNSF Railway’s (BRK-B) total railcars for the week ended December 31, 2016, rose 1.4% year-over-year to ~82,000 units.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Kansas City Southern’s Carloads: Unfazed by Coal Volume Slump

    In the week ended December 10, 2016, Kansas City Southern’s (KSU) total railcars rose 1.7% compared to the corresponding period in 2015.

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    How BNSF’s Carloads Compared to Rival Union Pacific

    BNSF Railway’s (BRK-B) total railcars for the week ended December 10, 2016, fell 5.5% to ~95,000 units, compared to ~100,000 units on a year-over-year basis.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Kansas City Southern’s Carloads Rolled against the Tide, Up 7.2%

    In the week ended November 12, 2016, Kansas City Southern’s coal and coke railcar units fell 6%.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Kansas City Southern’s Carloads Rolled against the Tide, Up 6.6%

    In the week ended November 5, 2016, Kansas City Southern’s (KSU) total railcars rose 6.6% compared with the corresponding period in 2015.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    How the Fall in Coal Carloads Pulled down Kansas City Southern

    In the week ended October 22, 2016, Kansas City Southern’s total railcars fell 0.1% YoY. KSU hauled ~25,000 railcars that week.

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    How Did BNSF’s Carload Decline Compare with the Industry?

    BNSF’s total railcars for the week ended October 22, 2016, fell by 9.1% to ~99,000 units, as compared to ~108,000 units on a YoY (year-over-year) basis.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Which Commodity Groups Dragged on KSU’s Carloads?

    In the week ended October 1, 2016, Kansas City Southern’s (KSU) total railcars fell 6.6% compared to the corresponding period in 2015.

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Sans Coal, Kansas City Southern’s Total Carloads Shine

    In the week ended September 24, 2016, Kansas City Southern’s (KSU) total railcars fell 3.2% compared to the corresponding period last year.

    By Samuel Prince
  • uploads///KSU Carloads
    Energy & Utilities

    This Huge Fall Impacted Kansas City Southern’s Carloads Last Week

    In the week ending September 10, 2016, Kansas City Southern’s (KSU) total railcars fell 12.6% YoY. KSU hauled ~23,000 railcars last week.

    By Samuel Prince
  • uploads///KSU Carloads
    Energy & Utilities

    Rise in Non-Coal Volumes Limits Fall in Kansas City Southern’s Carloads

    In the week ended September 3, 2016, Kansas City Southern’s (KSU) total railcars fell by 0.75% compared with the corresponding period in 2015.

    By Samuel Prince
  • uploads///KSU Carloads
    Energy & Utilities

    Here’s What Boosted Kansas City Southern’s Carloads Last Week

    In the week ended July 30, 2016, Kansas City Southern’s (KSU) total railcars rose by 3.7%, as compared to the corresponding week of 2015.

    By Samuel Prince
  • uploads///BNSF Carloads
    Energy & Utilities

    BNSF Railway’s Carload Volume Declined in Tune with Industry Volumes

    BNSF Railway’s total railcars for the week ended July 30, 2016, fell by 2%, to 101,000 units, as compared to more than 103,000 units in 2015.

    By Samuel Prince
  • uploads///BNSF Carloads
    Energy & Utilities

    How Did BNSF’s Traffic Fare in Week Ending July 16?

    BNSF Railway’s total railcars for the week ended July 16, 2016, fell by 1.8% to 99,000 units compared with 100,000 plus units on a year-over-year basis.

    By Samuel Prince
  • uploads///KSU Carloads
    Energy & Utilities

    Kansas City Southern’s Coal Carloads Offered a Surprise

    In the week ended July 9, 2016, Kansas City Southern’s (KSU) total railcars were down 5.8% compared with the corresponding period last year.

    By Samuel Prince
  • uploads///BNSF Carloads
    Industrials

    How BNSF’s Carloads Compare to UNP’s

    BNSF Railway’s total railcars for the week ended July 9, 2016, fell by 11% to 85,000 plus units compared with 96,000 plus units on a year-over-year basis.

    By Samuel Prince
  • uploads///BNSF Carloads
    Energy & Utilities

    How Did BNSF’s Carloads Perform against Rival UNP’s?

    BNSF Railway (BRK-B) operates in the Western US, competing with Union Pacific (UNP).

    By Samuel Prince
  • uploads///BNSF Carloads
    Industrials

    BNSF’s Carloads Buck Industry Trend with 1.4% Rise

    BNSF Railway (BRK-B) operates in the Western US in direct competition with Union Pacific (UNP).

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    Kansas City Southern’s Carloads, and What They Have to Do with Mexico

    In the week ending June 11, 2016, Kansas City Southern’s (KSU) total railcars declined by 8.1% YoY (year-over-year).

    By Samuel Prince
  • uploads///KSU Carloads
    Macroeconomic Analysis

    How Kansas City Southern’s Carloads Reversed the Trend

    In the week ending May 21, 2016, Kansas City Southern’s total railcars rose by 1% YoY, moving 22,600 railcars, as compared to 22,400 one year previously.

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    Huge Fall in Coal Traffic Shakes BNSF Railway’s Total Railcars

    BNSF Railway’s total railcar units for the week ended April 16, 2016, fell by a sizeable 21%, to ~81,000 units.

    By Samuel Prince
  • uploads///BNSF Carloads
    Macroeconomic Analysis

    Coal and Coke Railcar Decline Dampens BNSF Railway’s Total Railcars

    BNSF Railway’s coal and coke railcars were down by a remarkable 43% in the week ended April 2, 2016, compared with the corresponding week in 2015.

    By Samuel Prince
  • uploads///CP Carloads
    Macroeconomic Analysis

    CP’s Coal Railcar Units Pulled Total Railcar Units Down

    Canadian Pacific (CP), Canada’s second-largest freight rail, registered a fall of ~7.3% in total railcar units in the week ended March 12, 2016.

    By Samuel Prince
  • uploads///power pollutes
    Miscellaneous

    How Did the Clean Air Act Escalate Arch Coal’s Troubles?

    Increased environmental scrutiny in power generation and steel production has an indirect impact on coal mining companies like Arch Coal. Power producers have been impacted the most by the Clean Air Act.

    By Sheldon Krieger
  • uploads///gas prices
    Miscellaneous

    Low Natural Gas Prices Haunted Arch Coal Right Up to Bankruptcy

    Weak natural gas prices have been haunting Arch Coal right up to its Chapter 11 bankruptcy filing. The coal industry faces tough competition from natural gas as an alternative fuel in electricity generation.

    By Sheldon Krieger
  • uploads///FRED
    Miscellaneous

    How Did Weak Coal Exports Lead to Arch Coal’s Bankruptcy?

    In 2012, Arch Coal derived more than 30% of its revenues from exports mainly to Europe and Asia. Export revenues have fallen a significant 50% from that peak in 2012.

    By Sheldon Krieger
  • uploads///PArt
    Miscellaneous

    What’s Next for Walter Energy?

    Walter Energy’s (bankruptcy is a part of restructuring plan negotiated with its creditors. The ownership of Walter Energy’s Alabama and Virginia assets will pass on to the senior creditors.

    By Mike Sonnenberg
  • uploads///Part  prof
    Miscellaneous

    Analyzing Walter Energy’s 1Q15 Costs and Profitability

    Walter Energy’s 1Q15 net losses were $80.2 million, compared with $92.2 million in 1Q14. The lower net loss largely resulted from a $58.6 million gain on the extinguishment of debt.

    By Mike Sonnenberg
  • uploads///part  cost
    Miscellaneous

    Overview of Walter Energy’s Production and Shipments

    Walter Energy sold 1.97 million tons of coal in 1Q15 compared with 2.01 million tons in 1Q14, a 2.1% drop.

    By Mike Sonnenberg
  • uploads///PArt
    Miscellaneous

    How China Led to Walter Energy’s Fall

    China’s economy grew at 7% in 2Q15, higher than analyst expectations of 6.9%. However, the growth rate is much lower than the 9.7% GDP it enjoyed in 1Q11 when coal prices peaked.

    By Mike Sonnenberg
  • uploads///Part  met coal
    Miscellaneous

    Walter Energy’s Path to Bankruptcy: The Beginning

    Western Coal acquisition As we discussed in the previous part, Walter Energy traded under a dollar for more than a quarter until trading was suspended on the NYSE on July 8. The seeds of the fall were sowed back in 2011. Walter Energy filed for Chapter 11 bankruptcy on July 15, 2015. On April 1, […]

    By Mike Sonnenberg
  • uploads///Part
    Miscellaneous

    NYSE Suspends Trading of Walter Energy Stock

    On July 8, the New York Stock Exchange suspended trading on Walter Energy due to a persistent abnormally low stock price.

    By Mike Sonnenberg
  • uploads///Part  wlt stock
    Miscellaneous

    Walter Energy Is Preparing for Chapter 11 Bankruptcy

    On July 15, Walter Energy filed for Chapter 11 bankruptcy. This passes control over the company to its senior creditors. Junior debt holders will have to let go of their claims.

    By Mike Sonnenberg
  • uploads///Part  electr
    Macroeconomic Analysis

    Natural Gas Surpassed Coal’s Market Share in Electricity Generation

    Coal’s market share in electricity generation fell drastically to 30.3% in April 2015 compared to 33.5% in March 2015 and 37.0% in April 2014.

    By Mike Sonnenberg
  • uploads///Part  coal stocks
    Macroeconomic Analysis

    Utilities Continue to Stockpile Coal as Prices Remain Subdued

    Coal inventories indicate coal demand in the near future. Coal-fired power plants burn coal almost continuously.

    By Mike Sonnenberg
  • uploads///PArt  coal losers
    Macroeconomic Analysis

    Coal ETFs and Stocks Fall During the Week of June 26

    Only Cloud Peak Energy gained among coal stocks, rising 3.9% and closing at $4.82, with a market capitalization of $294.2 million.

    By Mike Sonnenberg
  • uploads///Consol PA
    Macroeconomic Analysis

    Consol Energy’s Coal MLP Plans to Go Public on June 25

    Consol Energy (CNX) formed CNX Coal Resources LP (CNXC) to spin off its Pennsylvania operations as an MLP.

    By Mike Sonnenberg
  • uploads///Part  btu debt
    Miscellaneous

    Peabody Energy Able to Withstand Short-Term Pricing Pressures

    Peabody Energy has better product mix, lower-cost mines, and most importantly, higher liquidity than others in the sector.

    By Mike Sonnenberg
  • uploads///Part  KOL
    Miscellaneous

    Which American Coal Producer Could Be the Next Patriot Coal?

    Cloud Peak Energy (CLD) is the safest American coal producer. The company doesn’t have much debt on its balance sheet, and its available liquidity is sufficient to take care of what debt it has.

    By Mike Sonnenberg
  • uploads///Part  ANR debt
    Miscellaneous

    Alpha Natural Resources: Debt and Liquidity Profile

    As of March 31, 2015, Alpha Natural Resources had total liquidity of $1.9 billion, including $821 million in available credit lines.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    Coal Shipments Rise after Falling for 2 Straight Weeks

    During the week ending May 1, US coal shipments increased to 17.36 million tons, compared to 16.82 million tons during the week ending April 24.

    By Mike Sonnenberg
  • uploads///PArt
    Earnings Report

    Is Walter Energy’s Negative 1Q15 EBITDA a Signal of the End?

    Walter Energy (WLT) reported adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) losses of $9.5 million against gains of $39.7 million in 1Q14.

    By Mike Sonnenberg
  • uploads///Part
    Earnings Report

    Met Coal Prices and Supply Glut Hamper Walter Energy in 1Q15

    Due to a continued glut in the met coal market amid the slowdown in China, met coal prices are still under pressure. Walter Energy’s operations received $106.40 per ton in 1Q15, down from $127.40 in 1Q14.

    By Mike Sonnenberg
  • uploads///part
    Macroeconomic Analysis

    Natural Gas Prices, Inventory Rise in the Week Ending May 8

    Natural gas prices increased in the week ending May 8 despite higher-than-expected inventory numbers. The Henry Hub spot price increased to $2.80 per MMBtu, from $2.63 per MMBtu a week earlier.

    By Mike Sonnenberg
  • uploads///Part  coal losers
    Macroeconomic Analysis

    Walter Energy Drops 17% on Possibility of Bankruptcy

    Walter Energy was the biggest casualty of the day in the coal sector, with a whopping 17% drop in share price to 38 cents.

    By Mike Sonnenberg
  • uploads///Part  Crude oil rig count
    Macroeconomic Analysis

    Will Rising Crude Oil Prices Impact Coal?

    Both WTI and Brent crude prices increased during the week ending May 1. WTI prices increased by around $2.50 per barrel to $58.28.

    By Mike Sonnenberg
  • uploads///part  shipments
    Macroeconomic Analysis

    April 24 Week: Coal Shipments Fall 2 Weeks in a Row

    During the week ending April 24, US coal shipments dropped to 16.82 million tons—compared to 16.99 million tons during the week ending April 17.

    By Mike Sonnenberg
  • uploads///part  electricity prod
    Macroeconomic Analysis

    Electricity Production Falls Marginally during the April 24 Week

    The EEI’s current report is for the week ending April 24. Electricity generation in the US dropped to 68.2 million MWh during the week ending April 24.

    By Mike Sonnenberg
  • uploads///part
    Earnings Report

    Cloud Peak Energy Beats Analyst Expectations for 1Q15

    Cloud Peak Energy is probably the strongest name among major American coal producers. The company stands a strong chance of surviving the industry downturn and emerging stronger.

    By Mike Sonnenberg
  • uploads///part  aebitda
    Earnings Report

    Cloud Peak Energy’s Net Losses Narrowed in 1Q15

    Cloud Peak Energy (CLD) reported adjusted EBITDA of $39.4 million in 1Q15 compared to $39.3 million in 1Q14.

    By Mike Sonnenberg
  • uploads///part  cash cost per ton
    Earnings Report

    Lower Diesel Costs Help Cloud Peak Reduce Cost per Ton in 1Q15

    Cloud Peak Energy’s (CLD) cost per ton dropped significantly to $10.02 in 1Q15 compared to $10.63 in 1Q14.

    By Mike Sonnenberg
  • uploads///part  shipmentas
    Earnings Report

    Scale-Down in Mines Hurts Cloud Peak Energy’s 1Q15 Shipments

    Cloud Peak Energy (CLD) shipped 19.7 million tons of coal from its three mines during 1Q15, compared to 20.4 million tons during 1Q14.

    By Mike Sonnenberg
  • uploads///part
    Earnings Report

    Alpha Natural Resources Sees 1Q15 Debt Fall on Notes Repurchase

    Highly leveraged players such as Alpha Natural Resources (ANR) have limited ability to issue new debt if they run out of resources.

    By Mike Sonnenberg
  • uploads///part
    Earnings Report

    Alpha Natural Resources in 1Q15: Have Cost Savings Stalled?

    Alpha Natural Resources reported an average adjusted cost of sales per ton of $37.11 in 1Q15, down from $41.25 in 1Q14. Meanwhile, the cost per ton was higher than 4Q14’s $35.73.

    By Mike Sonnenberg
  • uploads///part
    Earnings Report

    Alpha Natural Resources Sees Margins Slashed in 1Q15

    Alpha Natural Resources burned $59.8 million of operating cash in 1Q15 compared to $54 million in 1Q14. Eastern coal burned cash even at the operating level.

    By Mike Sonnenberg
  • uploads///part
    Earnings Report

    Alpha Natural Resources Guides for Lower Coal Prices in 2015

    With $3.3 billion of debt still on the books and a coal price recovery nowhere in sight, Alpha Natural Resources’ balance sheet remains under pressure.

    By Mike Sonnenberg
  • uploads///part
    Earnings Report

    Alpha Natural Resources: Eastern Operations Sink 1Q15 Revenues

    Overall revenues from the Alpha Natural Resources PRB segment fell to $115.7 million in 1Q15, down from $115.8 million in 1Q14 and $118.2 million in 4Q14, despite higher shipments.

    By Mike Sonnenberg
  • uploads///Part  maturing debt
    Earnings Report

    Arch Coal: Liquidity Continues to Fall in 1Q15

    Arch Coal has no major maturing obligations until 2018, when $1.9 billion of debt matures, followed by $1.7 billion in 2019, $500 million in 2020, and $1.1 billion in 2021.

    By Mike Sonnenberg
  • uploads///Part  cash margins
    Earnings Report

    Arch Coal Triples Its Adjusted EBITDA in 1Q15 over 1Q14

    Arch Coal reported adjusted EBITDA of $81.8 million in 1Q15, compared with $27.6 million in 1Q14. Despite lower revenues, the adjusted EBITDA improved due to cost savings.

    By Mike Sonnenberg
  • uploads///PArt  Cash cost
    Earnings Report

    Appalachian Segment Drives Arch Coal’s 1Q15 Cost Savings

    The company showed remarkable cost performance at the Appalachian segment, and the cash costs in this segment were lowest in the last four years.

    By Mike Sonnenberg
  • uploads///Part  coal losers
    Macroeconomic Analysis

    Natural Resource Partners (NRP) Hits 52-Week Low on April 22

    Natural Resource Partners (NRP), a coal MLP, dropped 19.9% on April 22 to end at $5.54.

    By Mike Sonnenberg
  • uploads///Coal
    Earnings Report

    BHP Billiton Metallurgical Coal production Is a Solid Beat

    BHP has upgraded its metallurgical coal production guidance for fiscal 2015 to 49 million tons, which is 4% higher than its previous guidance.

    By Anuradha Garg
  • uploads///Part  coal losers
    Macroeconomic Analysis

    Walter Energy Sees Only Gains among Coal Stocks on April 21

    Walter Energy (WLT) is a pure-play metallurgical coal producer. Met coal is used in steelmaking. WLT has been the biggest loser among coal stocks since the start of 2014.

    By Mike Sonnenberg
  • uploads///Part  coal production
    Macroeconomic Analysis

    East and West Coal Shipments Rose during the Week Ending April 10

    During the week ending April 10, US coal shipments increased to 18.01 million tons—compared to 17.41 million tons during the week ending April 3.

    By Mike Sonnenberg
  • uploads///PArt  elec
    Macroeconomic Analysis

    US Electricity Production Falls for the Second Straight Week

    Electricity storage is expensive. Most of the produced electricity is consumed instantaneously. As a result, electricity generation mirrors consumption.

    By Mike Sonnenberg
  • uploads///Part  natgas price
    Macroeconomic Analysis

    Natural Gas Prices Post Overall Gains in Week Ending April 17

    A rise in natural gas prices is positive for coal producers (KOL) including Alpha Natural Resources (ANR) and Arch Coal (ACI).

    By Mike Sonnenberg
  • uploads///PArt  oil prices
    Macroeconomic Analysis

    April 17 Update: What Rising Crude Oil Prices Mean for Coal

    Crude oil prices are a mixed indicator for the US coal industry. Energy stocks, including coal stocks, generally follow the trajectory of crude oil prices.

    By Mike Sonnenberg
  • uploads///Part  rig count
    Macroeconomic Analysis

    Could April 17 Falling Natural Gas Rig Count Benefit Coal?

    According to oilfield services company Baker Hughes, the natural gas rig count increased to 217 on April 17 compared to 225 on April 10.

    By Mike Sonnenberg
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