By PR Newswire, October 28, 2013, 09:00:00 AM EDT
NEW YORK, October 28, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Alpha Natural Resources, Inc. (NYSE:ANR), Peabody Energy Corp. (NYSE:BTU), Arch Coal Inc. (NYSE:ACI), Molycorp, Inc. (NYSE:MCP), and Harsco Corporation (NYSE:HSC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Alpha Natural Resources, Inc. Research Report
On October 15, 2013, Alpha Natural Resources Inc. (Alpha Natural) announced that it intends to report its Q3 2013 financial results on Thursday, October 31, 2013 before the market opens. Alpha Natural stated that following the earnings release, a conference call will be held at 11:00 a.m. EDT, the same day to review its results and discuss current business conditions. The Company informed that a live webcast and replay of the call will be available through its website under the Investor Relations section. The Full Research Report on Alpha Natural Resources, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/131e_ANR]
Peabody Energy Corp. Research Report
On October 17, 2013, Peabody Energy Corp. (Peabody) reported its Q3 2013 financial results. The Company reported total revenues of $1.8 billion during the quarter compared to c.$2.1 billion in Q3 2012. Adjusted EBITDA totaled $312.0 million compared to 467.6 million in Q3 2012. Income from continuing operations (net of income taxes) came in at $24.0 million with diluted EPS from continuing operations of $0.06, compared to income from continuing operations (net of income taxes) of $122.9 million or $0.46 diluted EPS from continuing operations in Q3 2012. Commenting on the results, Peabody's Chairman and CEO, Gregory H. Boyce, stated, "Peabody's third quarter results were led by significant cost reductions across all regions and higher Australian volumes. The Peabody team continues to drive operational excellence, structural cost improvements and capital discipline, and our well-positioned portfolio gives us substantial upside as markets improve." The Company said that it anticipates full year 2013 Adjusted EBITDA in the range of $1,070 million to c.$1,150 million and adjusted diluted EPS of $0.27 to $0.45. The Full Research Report on Peabody Energy Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ea12_BTU]
Arch Coal Inc. Research Report
On October 10, 2013, Arch Coal, Inc. (Arch) announced that it has entered into an agreement to acquire the Guffy property from Patriot Coal Corporation (Patriot) for $16.0 million in cash. Arch stated that the Guffy reserves are owned in-fee, are contiguous to Arch's Tygart Valley reserves and the Leer mine, with comparable quality to Leer's high-volatile "A" metallurgical coal reserves. Further, the Company said that with the addition of the Guffy reserves, Arch will be able to recover up to an incremental 8 million tons of metallurgical coal at the Leer mine, thereby extending the estimated mine life of Leer by about three years. John W. Eaves, Arch's President and CEO, commented, "The Guffy acquisition represents a valuable, synergistic, bolt-on opportunity for Arch that extends the reserves and mine life at Leer, one of our premier, metallurgical coal operations in Appalachia." Arch further announced that it has resolved all pending and potential legal claims with Patriot arising from Arch's sale of coal companies to Magnum Coal Company in 2005 and the subsequent purchase of those companies by Patriot in 2008. The Full Research Report on Arch Coal Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b5cd_ACI]
Molycorp, Inc. Research Report
On October 22, 2013, Molycorp, Inc. (Molycorp) announced the schedule of its Q3 2013 earnings release. The Company informed that it will report its financial results for the quarter on Thursday, November 7, 2013, after market close. Subsequent to the earnings release, Molycorp will hold an investor conference call at 4:30 p.m. ET, which will be hosted by Constantine Karayannopoulos, President and CEO; Geoff Bedford, Executive Vice President and COO; and Michael Doolan, Executive Vice President and CFO of the Company. The Company informed that a live audio webcast and its archive can be accessed via the Company's website under Investor Relations section. The Full Research Report on Molycorp, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/fad9_MCP]
Harsco Corporation Research Report
On October 8, 2013, Harsco Corp. (Harsco) announced the launch of P-K SONIC™ boiler, a new stainless steel boiler from its Harsco Industrial Group'sPatterson-Kelley division, which contains an innovative stainless steel heat exchanger design, with two segments working together to help optimize efficiency and improve reliability. Harsco Industrial Group President Scott Gerson commented, "This is a great example of Harsco's capabilities for bringing together focused innovation and global expertise to create a cutting-edge, cost-efficient solution for our customers." Harsco stated that the launch of the boiler follows an extensive engineering development period involving close collaboration between US and international technical resources. The Company informed that bidding activity for the new P-K SONIC is already under way for the first production deliveries, expected by the end of 2013. The Full Research Report on Harsco Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6daf_HSC]
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