Arch resources and consol energy to combine in all-stock merger of equals to create core natural resources, a premier north american natural resource company focused on global markets
Brings together two best-in-sector operating platforms with a world-class portfolio of high-quality, low-cost, long-lived longwall coal mining assets and strong distribution networks creates diversified coal producer serving global steel, industrial, and power generation customers with ~12 mtpa of metallurgical grade coals and more than 25 mtpa of high calorific value thermal coal creates a leading north american coal export business with ~25 mtpa of export capacity via ownership interests in two east coast terminals as well as strategic access to west coast and gulf of mexico ports expected to generate substantial free cash flow to fuel robust capital returns to core natural resources' stockholders, supported by a strong balance sheet and a pro forma positive net cash position expected to generate $110 million to $140 million of annual cost and operational synergies companies to host joint conference call today at 8:30 a.m. et / 7:30 a.m.
CEIX Ratings Summary
CEIX Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission