H1 2019 ‘wasn’t pretty for most’ US coal producers heading into earnings season

摘要

US coal producers head into the second- quarter earnings season in the wake of a new round of industry bankruptcies, weakening seaborne prices, logistical challenges and tough domestic sales prospects. Seven of the 10 publicly traded coal companies analyzed by S&P Global Market Intelligence are expected to report lower EPS in the second quarter compared to the prior quarter. Despite the challenges facing the sector, only one of the nine companies, Foresight Energy, is expected to a report a loss.