Alpha Natural Resources

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  • uploads///Part  natgas prices
    Earnings Report

    Challenges before Peabody Energy’s US operations in fiscal 2015

    The retirement of coal-fired power plants and the impact of new regulations proposed by the EPA present two major blows to the US thermal coal industry.

    By Mike Sonnenberg
  • Consumer

    Must-know: Why Peabody Energy fell 1.9% on July 22

    Wall Street analysts’ consensus estimate for loss per share was $0.289.

    By Mike Sonnenberg
  • Energy & Utilities

    Why we’re not seeing capacity additions from coal-fired plants

    The first half of 2014 saw 4,350 MW (megawatts) of new electricity generating capacity, according to the EIA (Energy Information Administration). Of this, 2,319 MW, or 53.3%, was natural gas–fired.

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

    A lower-than-expected natural gas draw-down – what does it mean?

    According to the EIA, 115 Bcf of natural gas was drawn out during the week ending January 30. It was a lower-than-expected draw-down.

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

    Uptick in price of natural gas gives hope to coal producers

    The marginal increase in natural gas prices last week is good news for coal producers (KOL), especially the ones in the Appalachians and the Midwest.

    By Mike Sonnenberg
  • Consumer

    Must-know: Why coal producers are wary of the EPA’s proposal

    Generally, natural gas burns more cleanly than coal. Coal has the highest carbon intensity among major fossil fuels.

    By Alex Chamberlin
  • uploads///part  natgas price
    Macroeconomic Analysis

    Natural gas prices stay pressured on a predicted warmer winter

    Natural gas prices and coal’s market share in electricity generation highly correlate. When natural gas prices rise, coal gains market share.

    By Mike Sonnenberg
  • uploads///ANR
    Earnings Report

    What Are Analysts’ Ratings for Westmoreland Coal?

    Of the four analysts covering Westmoreland Coal (WLB), 100% or four analysts gave the company a “buy” rating. There weren’t any “sell” or “hold” ratings.

    By Sheldon Krieger
  • uploads///part  KOL
    Macroeconomic Analysis

    Coal producers are feeling the heat

    So far, the milder weather this winter kept natural gas prices subdued. As a result, coal producers (KOL) are under pressure. The current environment isn’t encouraging for coal.

    By Mike Sonnenberg
  • 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///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
  • Consumer

    Why the Powder River Basin produces more coal with fewer mines

    The western region in the U.S. includes the area west of the Mississippi River. The region produced 520 million tons of coal for the 12 months ending September 11, 2014. The entire U.S. produced 974 million tons of coal during the same period. The western region accounted for 53% of the total coal production in the U.S. It’s important to note that 13 out of 24 western states produce coal.

    By Mike Sonnenberg
  • uploads///CLD
    Consumer

    Why Cloud Peak Energy is well positioned to survive the downturn

    Unlike its peers (KOL) like Walter Energy (WLT), Alpha Natural Resources (ANR), and Arch Coal (ACI), Cloud Peark doesn’t have any exposure to metallurgical coal.

    By Mike Sonnenberg
  • 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///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///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///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///Part  KOL
    Macroeconomic Analysis

    Why thermal coal industry indicators are important for investors

    Currently, the coal industry is going through heightened volatility. As a result, it makes even more sense for us to cover the short-term indicators.

    By Mike Sonnenberg
  • Energy & Utilities

    Why survival is for the fittest of US coal producers

    Met coal producers are the worst hit in the current energy environment. Based on our analysis so far, we can conclude that the higher the revenue share of met coal, the steeper the stock prices fell in 2014.

    By Mike Sonnenberg
  • Consumer

    Must-know: Davidson Kempner disposes position in Apple

    Apple saw its shares soar in April after it expanded its share repurchase program to $90 billion from the $60 billion level announced last year.

    By Samantha Nielson
  • 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
  • Consumer

    China—global iron ore and met coal industry’s lifeline

    China accounts for almost half of the world’s raw steel production. In 2013, China produced 779 million tons of steel. This was a 7.5% increase over 724 million tons in 2012.

    By Mike Sonnenberg
  • uploads///PRGO
    Consumer

    Must-know: Davidson Kempner exits position in Perrigo

    Perrigo acquired Irish biotech company Elan last year for $8.6 billion.

    By Samantha Nielson
  • Consumer

    Westmoreland Coal Company is probably the strongest US coal name

    Westmoreland Coal Company (WLB) operates a unique business model of supplying coal to power plants in the vicinity of mines through cost-effective transportation modes on long-term, cost-protected contracts.

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

    What Does a Spike in Coal Power Plant Utilization Rates Mean?

    The EIA published its latest report on capacity factors for power plants on July 27. Coal-based power plants surpassed natural gas-based power plants in utilization.

    By Mike Sonnenberg
  • uploads///ratings
    Earnings Report

    Why Are Analysts Rating Westmoreland Coal a ‘Buy’?

    Of the three analysts covering Westmoreland Coal (WLB), 100% (three analysts) gave the company a “buy” recommendation.

    By Sheldon Krieger
  • 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///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  shipments
    Earnings Report

    Cloud Peak Energy’s 2Q15 Shipments: Potential Risk Factors

    Cloud Peak Energy (CLD) shipped 16.0 million tons of coal from its three owned and operated mines in the Powder River Basin (or PRB) in 2Q15.

    By Mike Sonnenberg
  • uploads///dragline
    Company & Industry Overviews

    Westmoreland Coal’s Canadian Operations: An Overview

    Westmoreland’s Canadian operations Westmoreland Coal (WLB) acquired seven surface mines in Alberta and Saskatchewan, a stake in an activated carbon plant, and a char plant in Canada from Sherritt International in 2014. As of January 1, 2016, WLB’s Canadian operations are grouped as one entity, Prairie Mines & Royalty ULC. Its Canadian operations hold total […]

    By Alexis Tate
  • 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

    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///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///BM
    Company & Industry Overviews

    How Westmoreland Coal’s Business Model Differs from Peers’

    Business model Westmoreland Coal (WLB) has a different business model than American coal producer (KOL) peer Arch Coal (ARCH), Alpha Natural Resources (ANRZQ), and Peabody Energy (BTU). Contract Westmoreland Coal’s contracts are long term and cost protected. According to company filings, its weighted average contract life (contract life weighted by tonnage) extends to 2022. Low-cost supplier […]

    By Alexis Tate
  • uploads///Coal
    Earnings Report

    Why Outlook on Vale’s Coal Business Is Still Negative

    Vale expects the coal market to remain oversupplied throughout 2015 despite a production decrease from US producers. The outlook thus remains negative for Vale’s coal operations.

    By Anuradha Garg
  • uploads///Part  natural gas inventory
    Macroeconomic Analysis

    Natural Gas Inventory High Enough to Pressure Coal

    A rise in natural gas inventory is a good indication that winter is over. If inventory is higher than expected, then so is expected supply.

    By Mike Sonnenberg
  • Energy & Utilities

    Westmoreland Coal Company’s 3Q 2014 cost performance

    With coal prices plummeting, WLB took a $24 million non-cash charge on derivative contracts. The company also reported interest expenses of $21.3 million in 3Q 2014 compared to $9.9 million in 3Q 2013.

    By Mike Sonnenberg
  • Energy & Utilities

    Why natural gas will spearhead growth for CONSOL Energy

    CNX has a joint venture with Noble Energy (NBL) in the Marcellus Shale, which drilled 117 gross wells in 2013.

    By Alex Chamberlin
  • uploads///EPA
    Energy & Utilities

    Why you should care about the EPA’s war on coal

    Coal is the cheapest energy source. But it’s also the most polluting fossil fuel. Power plants emit harmful airborne pollutants like mercury, arsenic, nickel, and sulfur dioxide.

    By Mike Sonnenberg
  • Energy & Utilities

    Will a Republican majority affect the coal industry?

    Deadlock may continue The Republican majority in Congress can create trouble for President Obama’s projects. These projects include an immigration bill, Obamacare, and a quest for cleaner energy. But Obama has vowed to use his executive powers to make way for some of these bills. With the next presidential elections two years away, we may see a […]

    By Mike Sonnenberg
  • Basic Materials

    Must-know: ANR’s thermal coal business in 3Q14

    ANR produces thermal coal from its mines in the Appalachian and Powder River Basin (or PRB). The company had around three billion tons of thermal coal reserves.

    By Mike Sonnenberg
  • uploads///Mix
    Basic Materials

    Must-know: An overview of Cliffs Natural Resources’ 3Q14 earnings

    Cliffs has operations in U.S., Eastern Canada, and Australia. Iron ore accounts for the bulk of the company’s production and earnings. In 3Q14, iron ore contributed 87% of the company’s total sales value.

    By Anuradha Garg
  • uploads///NAC
    Basic Materials

    Why Cliffs wants to operate North American coal at zero EBITDA

    Cliffs maintained its full-year 2014 North American coal expected sales and production volume of 7 million tons. Sales volume mix is anticipated to be ~70% low-volatile metallurgical coal, 20% high-volatile metallurgical coal, and 10% thermal coal.

    By Anuradha Garg
  • Energy & Utilities

    Peabody Energy: Largest private coal producer’s 3Q 2014 earnings

    Peabody Energy controls over 8.3 billion tons of coal reserves. Of these, ~7.3 billion tons, of thermal-grade coal reserves, are located in the United States.

    By Mike Sonnenberg
  • Consumer

    Why working capital management saved the day for Peabody

    The company’s accounts receivables reduced to $447 million on June 30, 2014 from $557.9 million on December 31, 2013.

    By Mike Sonnenberg
  • uploads///Asset Overview
    Energy & Utilities

    Key takeaways from CONSOL Energy’s analyst day meeting

    As of June 12, 2014, CNX had a market cap of ~$10.3 billion and an enterprise value of ~$13.8 billion.

    By Alex Chamberlin
  • uploads///inv
    Energy & Utilities

    Natural Gas Inventories Down: Positive for Coal?

    Inventories are a significant driver of commodity prices. In this part of our series, we’ll focus on inventory levels for natural gas.

    By Alexis Tate
  • uploads///inv
    Energy & Utilities

    Natural Gas Inventory Falls: Could Coal Miners Benefit?

    In this series, we’ll examine the natural gas inventory for the week ended November 10, 2017, and its effects on natural gas and coal pricing.

    By Alexis Tate
  • 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///oilpri
    Energy & Utilities

    Rising Crude Oil Prices Could Impact Coal Miners

    As of November 3, 2017, Brent crude oil prices rose 2.1% on a week-over-week basis. Brent crude oil settled at $62.07 per barrel on November 3, 2017.

    By Alexis Tate
  • uploads///netexp
    Earnings Report

    Westmoreland Coal’s Leverage and Liquidity Position

    Interest expenses for Westmoreland Coal (WLB) have gradually increased since 1Q15. In 3Q17, they were $30.0 million compared to $29.5 million in 3Q16.

    By Alexis Tate
  • uploads///ebitda
    Earnings Report

    Westmoreland Coal Missed 3Q17 Earnings Estimates

    Westmoreland Coal’s Coal-U.S. segment reported adjusted EBITDA of $34.3 million in 3Q17 compared to $38.0 million in 3Q16 and $23.7 million in 2Q17.

    By Alexis Tate
  • uploads///rev
    Earnings Report

    Why Westmoreland Coal’s Revenue Fell in 3Q17

    For 3Q17, Westmoreland Coal reported consolidated revenue of $358 million compared to $371 million in 3Q16. That’s 11% higher than $323 million in 2Q17.

    By Alexis Tate
  • uploads///guidance
    Earnings Report

    Peabody Energy’s Future Earnings: What the Company Expects

    After its 3Q17 earnings release, Peabody Energy (BTU) increased its 2017 US sales guidance to 151 million–158 million short tons, from 148 million–153 million short tons.

    By Alexis Tate
  • uploads///rating
    Basic Materials

    Analysts’ Views on Arch Coal Ahead of Its 3Q17 Results

    Analysts’ ratings As of October 27, 2017, of the nine analysts covering Arch Coal (ARCH) stock, eight (89%) recommended “buy” or “strong buy,” and one (11%) recommended “hold.” There were no “sell” or “strong sell” ratings. Arch Coal’s price target Arch Coal’s 12-month target price was $94.88 as of October 27, 2017. The target price indicates an upside […]

    By Alexis Tate
  • uploads///EBITDAR
    Earnings Report

    Could Arch Coal’s Margins Improve in 3Q17?

    Arch Coal’s earnings estimates In 3Q16, Arch Coal’s (ARCH) adjusted EBITDAR (earnings before interest, tax, depreciation, amortization, and restructuring) were about $81.3 million, and its EBITDAR margin was 14.8%. Analysts expect the company to report EBITDAR of about $95 million in 3Q17 and an EBITDAR margin of 17.3%. A higher EBITDAR figure suggests higher income from […]

    By Alexis Tate
  • uploads///rev
    Earnings Report

    Analysts Expect a Marginal Rise in Arch Coal’s Revenue in 3Q17

    Arch Coal’s estimated revenue In 3Q16, Arch Coal (ARCH) reported consolidated revenue of ~$550.3 million. Analysts expect Arch Coal to post revenue of $550.7 million in 3Q17, a marginal increase of 0.06% year-over-year. The expected rise is primarily due to an anticipated increase in metallurgical coal shipments. Arch Coal expects its metallurgical segment to benefit from […]

    By Alexis Tate
  • uploads///oilpri
    Energy & Utilities

    Will Strong Crude Oil Prices Affect Coal Producers?

    On October 20, 2017, WTI (West Texas Intermediate) crude oil prices closed at $51.47 per barrel.

    By Alexis Tate
  • uploads///Part
    Basic Materials

    Why Most Analysts Rate Peabody Energy a ‘Buy’

    Of the eight analysts covering Peabody Energy (BTU), six (or 75.0%) have given the company a “buy” rating, and two (or 25.0%) have given it a “hold.”

    By Alexis Tate
  • uploads///cop
    Energy & Utilities

    How Crude Oil Indirectly Impacts Coal Prices

    On September 29, 2017, Brent crude oil prices closed at $57.54 per barrel compared to $56.86 the previous week.

    By Alexis Tate
  • uploads///met
    Company & Industry Overviews

    Coal for Steel: ARCH’s Met Coal Operations

    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.

    By Alexis Tate
  • uploads///part
    Basic Materials

    How Arch Coal Emerged from Chapter 11 Bankruptcy

    On October 5, 2016, Arch Coal (ARCH) emerged from bankruptcy through successful financial restructuring.

    By Alexis Tate
  • 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///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///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///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///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’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: 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///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

    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///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

    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

    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

    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

    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///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

    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///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///revenue
    Earnings Report

    Why Analysts Expect Arch Coal’s Revenue to Fall in 4Q16

    Arch Coal (ARCH) reported about $563 million in consolidated revenues for 4Q15.

    By Sheldon Krieger
  • 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///revenue from segments
    Earnings Report

    San Juan Acquisition Keeps Driving Westmoreland Coal’s Top Line

    Revenue from the company’s coal mining operations in the US came in at about $168.9 million compared to $132.0 million in 3Q15 and $151.4 million in 2Q16.

    By Sheldon Krieger
  • 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

    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///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

    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///interest expense
    Earnings Report

    Looking Closer at Westmoreland’s Leverage and Liquidity Positions

    For 2Q16, Westmoreland’s interest expenses came in at $29.2 million, as compared to $22.7 million in 2Q15 and $27.9 million in 1Q16.

    By Sheldon Krieger
  • uploads///operating income
    Earnings Report

    Westmoreland Coal’s 2Q16 Net Income Missed Analyst Estimates

    The 2Q16 operating income of Westmoreland’s Canadian Coal Mining segment was $4.2 million, as compared to $9.5 million in 2Q15 and $12.4 million in 1Q16.

    By Sheldon Krieger
  • uploads///revenue operating segments
    Earnings Report

    This Segment’s Performance Was Key to Westmoreland’s 2Q16 Earnings

    Revenue from Westmoreland Coal’s US Coal Mining segment came in at about $151 million, as compared to $133 million in 2Q15 and $155 million in 1Q16.

    By Sheldon Krieger
  • uploads///guid
    Earnings Report

    Will Peabody Energy’s Margins Improve in 2Q16?

    Analysts expect Peabody Energy to report $55 million as EBITDA for 2Q16 and 5.1% as EBITDA margin. Lower EBITDA implies lower income from the company’s ongoing operations.

    By Sheldon Krieger
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