Arch Coal filing includes restructuring costs

Arch Coal Inc. recently filed its third quarter 10-Q report with the Securities and Exchange Commission (SEC), though the filing reflects figures from before the company emerged from Chapter 11 protection and includes bankruptcy-related reorganization costs and pre-emergence interest expense.

The company under went restructuring and emerged from Chapter 11 on Oct. 5 and maintains that future filings will present a more accurate representation of its financial position. The recently filed 10-Q does not fully incorporate fresh start accounting, and as such is not as useful a point of comparison for future financial results.

To offer a more accurate picture, the company plans to issue an earnings report early next year that would cover the company’s results beginning from the period immediately following its emergence from Chapter 11. At that time, the company will also host a conference call for investors to discuss the results of that release. Further, Arch Coal’s website currently has an update to the company’s regional operating performance and liquidity position for the third quarter.