TUESDAY, January 31, 2012

DTC’s coverage of quarterly coalco production, as reported to the government, is unmatched.  Our mine-by-mine searches and analysis of quarterly figures reported to MSHA (Mine Safety and Health Administration) by the major publically traded coal companies (ARLP, ANR, ACI, CLF, CLD, CNX, JRCC, PCX, BTU and WLT), gives our clients a ‘leg up’ during earnings season.  This information is invaluable, and we are often able to recognize when a producer is experiencing production (and cost) issues before they release their quarterly earnings. 

We completed our quarterly searches last Friday (January 27^th) and below are a few ‘big picture’ takeaways for Q4 and 2011.  (If you’d like a sample of our weekly report that includes much more company specific color, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it ).

• More than half of the public coalcos realized yoy production gains in Q4 2011. (ARLP, CLD, CLF, JRCC, PCX and BTU)
• More than half of the public coalcos realized 2011 yoy gains. (ARLP, CLD, CLF, CNX, PCX and BTU)
• When broken out regionally, only Napp and AL failed to improve yoy for Q4 2011 (down 4.13% and 17.73% respectively.)
• When broken out regionally for the full year, Capp and PRB fell yoy (down 24.15% and 0.48% respectively)
•  When looked at on a “total” basis, Q4 2011 is up 2.32% vs Q4 2010 and 2011 is down 4.30% over 2010. 

Searching each mine for each company may sound tedious and time consuming, but it gives our clients a valuable ‘leg up’ heading into earnings season.  If you are interested in learning more about DTC’s MSHA coverage or how it can help you be a more informed player in the coal space, please contact me: Sara Vorhees, This e-mail address is being protected from spambots. You need JavaScript enabled to view it .