shank_ali Overview Arch Resources (NYSE:ARCH) is one of the largest coal mining companies in the United States. The company has a lot of thermal coal production in the Powder River Basin, but most of its adjusted EBITDA comes from the metallurgical ("met") segment, as illustrated by the figure below. Figure 1 - Arch 2023 Annual Report Met coal normally trades at a premium to thermal coal. The difference between the two coal types is even more pronounced for Arch, where the poor rail traffic from some of the ...