Achieves net income of $114.9 million and adjusted EBITDA of $180.0 million Declares a quarterly cash dividend of $31.6 million, or $1.65 per share
Arch Resources Inc. today reported net income of $114.9 million, or $6.07 per diluted share, in the fourth quarter of 2023, compared with net income of $470.5 million, or $23.18 per diluted share, in the prior-year period, which included an income tax benefit of $253.3 million primarily associated with the release of a valuation allowance on the company's deferred tax assets. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, and non-operating expenses 1 of $180.0 million in the fourth quarter of 2023. This compares to $256.5 million of adjusted EBITD...