Goldman Sachs Lowers EBITDA and EPS Guidance on ACI

In a research report from Goldman Sachs the EBITDA and EPS guidance for Arch Coal Inc. (NYSE: ACI) have been lowered. EBITDA has been lowered from $1.08-$1.2 billion to $.9-$1 billion. The EPS has been lowered from $1.75-$2.15 to $1-$1.4.

Goldman Sachs writes, “ACI indicates the reduction is "largely from lost metallurgical coal production" due to geological issues and a roof fall at its Mt. Laurel met coal mine in August which caused the longwall to be idle for 45 days. ACI did not specify what other reasons contributed to the guidance reduction.”.

Goldman Sachs maintains its Neutral rating on ACI, which closed Friday at $14.58.