10 Best Coal Stocks to Buy Now
In this article we will take a look at the 10 best coal stocks to buy now. You can skip our detailed analysis of the coal industry’s outlook for 2021 and some of the major growth catalysts for coal stocks and go directly to the
Since the beginning of industrialization, coal has been one of the leading energy sources in the world. In the recent years, the global production of coal has been steadily increasing and reached nearly 168 exajoules in 2019, according to Statista. Although developed countries have been pushing for more renewable energy sources for power generation, at least 38% of the electricity generated in the world is still produced by coal. The top producers of coal in the world include China, India, US, Australia, and Indonesia. One of the global leaders of coal mining in the US is Arch Resources Inc (NYSE: ARCH). Among the strongholds of U.S. coal mining are the Appalachian states West Virginia, Kentucky, and Pennsylvania, as well as
First Quarter Highlights:
Consolidated net income increased to $9.0 million, up 45.3% from Q1 2020
Consolidated EBITDA increased to $14.5 million, up 36.1% from Q1 2020
Diluted earnings per share increased to $1.25/share from $0.88/share in Q1 2020
NACCO Industries, Inc.
® (NYSE: NC) today announced consolidated operating profit of $8.3 million and net income of $9.0 million, or $1.25 per diluted share, for the first quarter of 2021 compared with consolidated operating profit of $7.6 million and net income of $6.2 million, or $0.88 per diluted share, for the first quarter of 2020. The improvements in consolidated operating profit, Consolidated EBITDA and Segment EBITDA were primarily the result of substantially improved earnings in the Coal Mining segment, partially offset by lower earnings at the North American Mining segment and an increase in unallocated employee-related expenses. In addition to the operating profit improvement, net income significantly increased mainly due
Extension of Applications of Permit to Drill (APDs)
Lease suspension
Applications for royalty relief
Notably, the March Memo specifically states that the above list is not exhaustive. And, to the extent approval is discretionary (i.e., extensions of APDs), we suspect an oil and gas lessee or operator will have difficultly receiving approval for those above-listed actions.
Although the March Memo is not addressed to the Bureau of Indian Affairs (BIA), the Bureau of Land Management (BLM) serves as a technical advisor to the BIA and is required to approve certain actions that impact Indian tribal and individual trust and restricted lands. The March Memo fails to make this distinction, thus raising the question whether the March Memo also excludes actions taken with respect to Indian tribal and individual trust and restricted lands.
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CLEVELAND, April 27, 2021 /PRNewswire/ NACCO Industries, Inc.
® (NYSE: NC) will release its 2021 First Quarter financial results and will file its First Quarter 2021 Form 10-Q after the close of the market on Wednesday, May 5, 2021.
In conjunction with this release, the Company will host a conference call at 8:30 a.m. Eastern Time on Thursday, May 6, 2021 to discuss its results for the 2021 first quarter.
To register for this conference call, please use the following link: https://www.incommglobalevents.com/registration/client/7462/nacco-industries-first-quarter-earnings-call/. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required for call entry. Registration is open throughout the live call. To ensure you are connected prior to the beginning of the call, the Company suggests registering a day in advance or a minimum of 15 minutes before the start of the call.
The Bureau of Land Management celebrates 75th birthday in 2021
The Bureau of Land Management (BLM) is celebrating 75 years by inviting everyone to reimagine your public lands. For over seven decades, the BLM has led the way in public land management – in 1946, President Truman merged the General Land Office and the Grazing Service to create the BLM. Today, the BLM proudly manages about 245 million acres of public landscapes for all Americans.
“For the last 75 years, the BLM has been tasked to manage our nation’s lands for the benefit of all Americans,”
said Laura Daniel-Davis, Principal Deputy Assistant Secretary for Land and Minerals Management. “As we look toward the future, public lands will continue to play a key role in our efforts to battle climate change while supporting local communities and economies. I look forward to working with the BLM to ensure those public lands are around for many generations to come.”