Operator
Good day, and welcome to the Arch Resources, Inc. Fourth Quarter 2020 Earnings Conference Call. Today s conference is being recorded.
At this time, I would like to turn the conference over to Deck Slone, Senior Vice President of Strategy. Please go ahead.
Deck S. Slone
Senior Vice President, Strategy
Good morning from St. Louis, and thanks for joining us today. While we are conducting this morning s call from Arch s boardroom, I want to assure you that the team is widely spaced and following CDC guidelines closely.
Before we begin, let me remind you that certain statements made during this call, including statements relating to our expected future business and financial performance, may be considered forward-looking statements according to the Private Securities Litigation Reform Act. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These uncertainties, which are described in more detail in the annual and quarterl
Arch Resources Reports Fourth Quarter 2020 Results
Maintains operational excellence in core metallurgical segment despite virus-related impacts
Nears completion of world-class Leer South growth project
Advances strategic plan for legacy thermal assets, accelerating pivot towards steel and metallurgical markets
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ST. LOUIS, Feb. 9, 2021 /PRNewswire/ Arch Resources, Inc. (NYSE: ARCH) today reported a net loss of $78.5 million, or $5.17 per diluted share, in the fourth quarter of 2020, compared with a net loss of $8.6 million, or $0.57 per diluted share, in the prior-year period. The net loss included a $45.0 million charge primarily related to the planned, accelerated closure of the Coal Creek mine in the Powder River Basin. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations (ARO), and non-operating expenses ( adjusted EBITDA )