Arch Coal posts 4th qtr. loss on weaker coal pricing

Feb 05, 2014 | 10:41 AM | Stacy Irish, Stacy Irish

Tags  Arch Coal, metallurgical coal, John Eaves, Paul Lang, Stacy Irish

NEW YORK — U.S. coal producer Arch Coal Inc. reported a fourth-quarter net loss of $371.2 million due to softer metallurgical and thermal coal pricing compared with the year-ago quarter, Arch Coal president and chief executive officer John W. Eaves said in a conference call with reporters and analysts Feb. 4.

The St. Louis-based company’s fourth-quarter results include a $265.4-million non-cash goodwill impairment charge. The net loss compares with a net loss of $295.4 million in the same quarter in 2012.....

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