Coal plays
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Date updated:04-19-2007

The release of first-quarter 2007 results for the publicly traded coal companies kicks off later this week with the release of the March-quarter results by Peabody Energy on April 19.Thanks to the combination of higher labor costs, lower SO2 allowances [or sulfur dioxide allowances, which are controlled by the government and designed to reduce acid rain] and lower coal-price realizations for those contracts indexed to spot prices such as those in the Powder River Basin in Wyoming and Montana, we estimate that all of the coal producers within our universe, with the exception of Massey Energy, will realize year-over-year earnings declines- Caris & Co.

symbol name last price % change open
  • +
  • ACI
    Arch Coal Inc
  • $23.08
  • -0.39%
  • $23.63

We estimate that Arch will earn 14 cents per share in first-quarter 2007, down from our previous estimate of 21 cents on a lower-than-initial-forecast price realization for the company's Powder River Basin production, down to 23.9 million tons from 24.3 million tons, as well as a lower Powder River Basin price realization of $10.30 per ton versus our initial estimate of $10.50 per ton. The Thomson First Call consensus estimate for the quarter is 16 cents per share. The company reported per-share income of 42 cents and 55 cents in first-quarter 2006 and fourth-quarter 2006, respectively.

People owning ACI also tend to own: AAPLAEMCOPERFGOOGHALNE

TheStreet.com Rating: C What is this?

  • +
  • FCL
    Fcl
  • $0.00
  • N/A
  • $N/A

We estimate that Foundation will report first-quarter 2007 results of 27 cents per share, up from our initial estimate of 25 cents per share due to a modest increase in our North Appalachian coal price realization to $40 per ton from $39.75. First Call earnings consensus for the quarter is 30 cents per share. Foundation earned 69 cents per share in first-quarter 2006 and lost 48 cents per share in fourth-quarter 2006

People owning FCL also tend to own: ACIADVDXARTKXASX.VBPTRXBTUCCJ

TheStreet.com Rating: No Rating What is this?

  • +
  • MEE
    Massey Energy Co
  • $36.28
  • +3.21%
  • $35.88

We estimate that Massey will report first-quarter 2007 EPS of 21 cents versus the First Call consensus of 25 cents. The company reported results of seven cents per share and 13 cents per share in first-quarter 2006 and fourth-quarter 2006

People owning MEE also tend to own: CLCTDENNFFEXJBSSJRCCMSFTPBY

TheStreet.com Rating: B- What is this?

  • +
  • BTU
    Peabody Energy Co
  • $45.26
  • +3.12%
  • $44.99

We estimate that Peabody Energy will report fourth-quarter 2006 per-share earnings of 38 cents, up from our previous estimate of 33 cents, but below First Call consensus of 41 cents. Peabody earned 48 cents and 66 cents in first-quarter 2006 and fourth-quarter 2006

People owning BTU also tend to own: AAPLBRCMCCJCNQCTRPGGGOOG

TheStreet.com Rating: C+ What is this?

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