NYSE-listed coal miner Arch Resources (Arch) has reported a net loss of $49.3-million, or $3.26 a diluted share for the three months ended June 30, compared with net income of $62.8-million, or $3.53a diluted share in the corresponding period.
Arch reported negative adjusted earnings before interest, taxes, depreciation, depletion, amortisation (Ebitda), accretion on asset retirement obligations, and non-operating expenses of $10.7-million in the second quarter. This compares to $105.6-million of adjusted Ebitda recorded in the second quarter of 2019.