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Coal Stock Alert: Cliffs Natural Resources Inc. Reports Second-Quarter 2011 Results: revenues were up 52%

July 29th, 2011  |  by  |  published in Coal Industry News, Featured | Leave A Comment »

CLIFFS NATURAL RESOURCES INC

July 29, 2011, CLEVELAND, (Coal Geology) - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF)  has reported second-quarter results for the period ended June 30, 2011. Consolidated revenues were up 52% for the second quarter to a record $1.8 billion, from $1.2 billion in the same quarter last year. Operating income for the second quarter was $617 million, an increase of 69% [...]

Coal Stock Alert: CONSOL Energy (NYSE: CNX) Reports 5th Consecutive Quarter of Record Coal Revenue

July 29th, 2011  |  by  |  published in Coal Industry News, Featured | Leave A Comment »

Consol Energy Logo

JULY 29, 2011, PITTSBURGH, (Coal Geology)  – CONSOL Energy Inc. (NYSE: CNX), the leading diversified fuel producer in the Eastern United States, reported adjusted net income(1) of $174 million, or $0.76 per diluted share, in the quarter ended June 30, 2011. This is an increase of 69% from the adjusted net income of $103 million for the quarter ended June 30, 2010. The [...]

Kennametal Reports Record Fourth Quarter and Full Year 2011 Results; Provides Fiscal 2012 Outlook

July 29th, 2011  |  by  |  published in Coal Industry News, Featured | Leave A Comment »

Kennametal Reports Record Fourth Quarter and Full Year 2011 Results; Provides Fiscal 2012 Outlook

July 29, 2011. LATROBE, Pa., (Coal Geology)- Kennametal Inc. (NYSE: KMT) has reported fiscal 2011 fourth quarter earnings per diluted share (EPS) of $1.04 compared with prior year quarter reported EPS of $0.49.  Absent restructuring and related charges, adjusted EPS for the current quarter was $1.11 compared with the prior year quarter adjusted EPS of $0.61. – Achieves all-time adjusted quarter/year records: [...]

Coal Stock Alert: Arch Coal, Inc. (NYSE: ACI) Reports Second Quarter 2011 Results-Arch completes acquisition of ICG

July 29th, 2011  |  by  |  published in Coal Industry News, Featured | Leave A Comment »

Arch Coal

July 29, 2011, ST. LOUIS, (Coal Geology)  – Arch Coal, Inc. (NYSE: ACI) today reported second quarter 2011 earnings per diluted share of $0.06versus $0.41 in the prior-year quarter.  Second quarter 2011 results include after-tax charges of $67 millionthat encompass acquisition-related expenses, debt financing and retirement fees for the International Coal Group (“ICG”) transaction, and non-cash amortization of acquired coal [...]

Coal Stock Alert: Patriot Coal (NYSE: PCX) Announces Results for the Quarter Ended June 30, 2011

July 26th, 2011  |  by  |  published in Coal Industry News, Featured | Leave A Comment »

Patriot Coal

Patriot Coal July 26, 2011, ST. LOUIS,(Coal Geology) – Patriot Coal Corporation (NYSE: PCX) today reported its financial results for the quarter ended June 30, 2011.  For the 2011 second quarter, the Company reported record revenues of $632.2 million and record EBITDA of $70.2 million.  Revenues and EBITDA for the year-ago quarter were $539.0 million and $40.6 million, respectively.  For the six [...]

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