Arch Coal to fourth quarter present financial results tomorrow - WTRF 7 News Sports Weather - Wheeling Steubenville

Arch Coal to fourth quarter present financial results tomorrow

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  • Many WV coal counties losing revenue

    Many WV coal counties losing revenue

    Monday, August 8 2016 10:15 AM EDT2016-08-08 14:15:05 GMT

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

Arch Coal will discuss fourth quarter and year-end financial results in a call with investors tomorrow.

Investors in Arch Coal and those looking to financial results as an indicator of industry health will be able to access a streaming webcast of the conference call with CEO John Eaves. The fourth quarter earnings release will be distributed prior to the market opening.

Arch operates in a number of coal basins in the U.S., including in the Appalachian coalfields.

Consol Energy announced its earnings last week, posting a net income of $150 million, down from the same time period last year.

Alpha Natural Resources is expected to release earnings on Thursday, Feb. 14. 

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