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American Resources Corporation (AREC) Reports Q1 Loss, Misses Revenue Estimates
zacks.com· 2024-05-22 06:16
American Resources Corporation (AREC) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.14, delivering a surprise of -250%.Over the last four quarters, the company h ...
American Resources(AREC) - 2024 Q1 - Quarterly Results
2024-05-22 04:05
EX-99.1 2 arec_ex991.htm EARNINGS RELEASE EXHIBIT 99.1 American Resources Corporation Reports First Quarter 2024 Financial Results and Provides Business Outlook Company successfully executed and closed $150 million tax exempt bond of ering for the Company's Kentucky Lithium refining facility The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets and high-purity battery elements from both ores and recycled feedstocks Company's patented chromatographic separa ...
American Resources(AREC) - 2024 Q1 - Quarterly Report
2024-05-21 05:27
公司业务 - 公司主要业务为煤炭开采和加工,主要销售冶金煤和高BTU、低硫、低湿煤[89] - 公司通过收购和建立子公司拓展业务,包括金属回收和稀土元素开采[90] - 公司目前处于勘探阶段,尚未确定矿产储量,主要关注钢铁和特种市场[91][92][102][110][111] - 公司的煤炭销售来自Carnegie 1和2矿,有时也会从其他地区生产商购买煤炭[129] 矿山设施 - Deane Mining的Mill Creek Preparation Plant是一个每小时处理800吨煤炭的准备设施[113] - Wyoming County Coal持有12个煤矿许可证,其中有些处于开发、闲置或各种复垦阶段[114] - Wyoming County Coal的Hatcher rail loadout是由Norfolk Southern Corporation服务的铁路装载设施[118] - E4-2矿是一座地下矿,位于肯塔基州Hazard镇附近,采用room-and-pillar采矿方法[123] - Davidson Branch Preparation Plant是一座每小时处理1300吨煤炭的准备设施,位于肯塔基州Hazard附近[125] - Perry County Resources持有四个额外的煤矿许可证,有些处于闲置或开发阶段[127] 竞争与监管 - 煤炭行业竞争激烈,公司的主要国内竞争对手包括Corsa Coal Corporation、Ramaco Resources等[130] - 公司的运营受到联邦、州和地方法律法规的监管,包括许可和许可证、员工健康与安全等方面[132] - 环境合规支出是公司运营的重要成本考虑因素,安全合规是矿山设计的重要因素之一[135] 财务状况 - 我们在2024年第一季度的营业收入为$94,019,较2023年同期的$8,868,456有显著下降[142] - 2024年第一季度煤炭销售额大幅减少,是导致营业收入下降的主要原因[143] - 我们在2024年第一季度的现金流量从经营活动中净流出$8,131,227[147] - 2024年第一季度,投资活动中净现金流出$3,797,176,较2023年同期的$967,343有所增加[148] - 2024年第一季度,融资活动中净现金流入$146,814,926,较2023年同期的$2,194,747有显著增加[149] - 我们预计未来将通过手头现金、未来借款和经营活动现金流来满足流动性需求[146] 会计政策与披露 - 我们的关键会计政策需要管理层根据历史经验和其他假设进行估计和判断,这些估计是合理的[152] - 我们正在评估财务会计准则委员会发布的ASU 2023-07和ASU 2023-09对我们合并财务报表和相关披露的影响[154][155] - 由于我们是较小的报告公司,不需要在市场风险方面披露任何信息[156]
Earnings Preview: American Resources Corporation (AREC) Q1 Earnings Expected to Decline
Zacks Investment Research· 2024-05-13 23:01
American Resources Corporation (AREC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if the ...
American Resources(AREC) - 2023 Q4 - Annual Report
2024-04-16 05:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Florida 46-3914127 (State or jurisdiction of Incorporation or organization (I.R.S Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common, $0.0001 Par Value AREC NASDAQ Capital Market Warrant ARECW NASDAQ Capital Market Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated Filer ☐ Smaller reporting company ☒ (Do not check if a smaller company)Emerging growth com ...
7 Penny Stocks That Could 5X by the End of 2024
InvestorPlace· 2024-04-10 21:22
Penny stocks could be your ticket to striking it rich. But don’t expect easy money! While these thinly traded sub-$5 stocks offer the tantalizing prospect of turning pocket change into a small fortune, finding the diamonds in the rough is easier said than done. This has led to this list of penny stocks to buy.For every penny stock that skyrockets, there are dozens that fizzle out and leave investors holding the bag. It takes a keen eye and a high-risk tolerance to separate the winners from the losers in thi ...
American Resources(AREC) - 2023 Q4 - Earnings Call Transcript
2024-03-29 09:07
American Resources Corporation (NASDAQ:AREC) Q4 2023 Earnings Conference Call March 28, 2024 3:30 AM ET Company Participants Mark LaVerghetta - VP of Corporate Finance and Communications Kirk Taylor - CFO Mark Jensen - CEO Conference Call Participants Heiko Ihle - H.C. Wainwright Mike Niehuser - Roth MKM Steve Segal - KBB Asset Management Kyle Gallagher - Merrill Lynch Operator Greetings and welcome to the American Resources Corporation Fourth Quarter and Year-End 2023 conference call. At this time, all par ...
American Resources(AREC) - 2023 Q4 - Annual Results
2024-03-29 04:12
财务表现 - 2023年收入为1.67亿美元,其中煤炭销售收入为1.612亿美元,金属回收和销售收入为66.6万美元,特许权使用费收入为55.7万美元[20] - 2023年总运营费用为2.817亿美元,其中包括煤炭销售和加工成本1.161亿美元,折旧费用47万美元,无形资产摊销1.241亿美元,管理费用7.014亿美元[20] - 2023年净亏损为1.12亿美元,主要由于运营亏损和利息费用[20,21] - 公司现金和现金等价物(包括受限现金)为9.292亿美元[22] - 公司调整后EBITDA为-6.077亿美元[23] 业务发展 - 成为首个从回收永磁体和电池回收原料中分离和生产高纯稀土元素的国内商业生产商[1] - 建立了与美国主要汽车制造商和全球最大风电公司的商业合作伙伴关系,推动稀土元素和关键矿物的可持续回收利用[4][5] - 在印第安纳州马里昂和诺布尔斯维尔建立了锂、关键矿物和稀土元素精炼设施,获得了约4490万美元的当地激励措施支持[6] - 成功生产出99.96%纯度的碳酸锂,以及99.5%以上纯度的钕、镨和钕等稀土磁性元素[7] - 收购了一家牙买加综合矿产资产公司,进一步巩固了公司在钢铁供应链中的地位[10] - 将子公司ReElement Technologies从有限责任公司转变为独立上市公司,为未来的独立运营做准备[12] - 公司拥有创新的"捕获-加工-纯化"工艺链和16项专利技术[26] 融资活动 - 成功完成150百万美元的税收优惠债券发行,用于肯塔基州锂精炼设施的开发[3] - 完成了45百万美元的税收优惠债券发行,为旗下怀俄明县煤炭(WCC)复合设施的扩张和技术升级提供资金支持[8][9] - 公司2023年未产生任何所得税费用,因为可以利用之前约2570万美元的可用净经营亏损结转[20] 团队建设 - 组建了由行业资深人士组成的专业团队,进一步增强了公司的运营专业能力和战略远景[7]
American Resources (AREC), EDP Tie Up for Sustainable Wind Energy
Zacks Investment Research· 2024-03-14 22:51
American Resources Corporation's (AREC) subsidiary, ReElement Technologies Corporation, and EDP Renewables North America (“EDPR NA”) have collaborated to pioneer sustainable practices in the renewable energy sector. This collaboration aims to revolutionize the wind energy landscape through the innovative Close the Loop Program, launched by EDPR NA. By focusing on the efficient recycling of neodymium-based permanent magnets from decommissioned wind turbines, the partnership seeks to establish a circular supp ...
American Resources (AREC) Closes Mineral Asset Interest Buyout
Zacks Investment Research· 2024-02-08 21:01
American Resources Corporation’s (AREC) subsidiary, American Carbon Corporation, has acquired a 51% ownership stake in a diversified mineral asset with a focus on iron ore, titanium and vanadium, with an initial estimated deposit of 212,925,000 tons of raw feedstock and 106,462,500 tons of ore body, based on an average of 50% magnetic material.American Carbon is an owner and operator of low-cost, high-quality metallurgical and specialty carbon assets.The company noted that it has been working for more than ...