U.S. Coal Companies Hit by Plummeting Demand, Sinking Prices and COVID-19

SUGAR LAND--May 13, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The outlook for U.S. coal mining companies worsened in the first quarter: Sales volumes of thermal coal to electric generators continued to slide as prices fell, and companies owning coal-fired power plants continued to announce plant closures, precluding future sales opportunities. Financial results for major coal-mining companies reflected deteriorating market conditions, which have been exacerbated by the COVID-19 pandemic.

Within this article: Details on some of the short- and long-term challenges facing coal-energy and coal-mining companies across the U.S., including Great River Energy, NiSource (NYSE:NI), Peabody Energy Corporation (NYSE:BTU), Arch Resources Incorporated (NYSE:ARCH), Cloud Peak Energy, Murray Energy Corporation and Alliance Resource Partners LP (NASDAQ:ARLP).