Unless the context otherwise requires, all references in this report to "Arch," the "Company," "we," "us," or "our" are to Arch Resources, Inc. and its subsidiaries.

Cautionary Notice Regarding Forward-Looking Statements

Three Months Ended June 30, 2022 and 2021

Revenues. Our revenues include sales to customers of coal produced at our operations and coal purchased from third parties. Transportation costs are included in cost of coal sales and amounts billed by us to our customers for transportation are included in revenues.

Coal sales. The following table summarizes information about our coal sales during the three months ended June 30, 2022 and 2021:

Selling, general and administrative expenses. Selling, general and administrative expenses in the second quarter of 2022 increased versus the second quarter of 2021, primarily due to increased compensation costs of approximately $1.4 million, primarily related to higher incentive compensation accruals recorded in the second quarter of 2022.

Nonoperating expenses. The following table summarizes our nonoperating expenses during the three months ended June 30, 2022 and 2021:

Provision for income taxes. The following table summarizes our provision for income taxes for the three months ended June 30, 2022 and 2021:

Six Months Ended June 30, 2022 and 2021

Revenues. Our revenues include sales to customers of coal produced at our operations and coal purchased from third parties. Transportation costs are included in cost of coal sales and amounts billed by us to our customers for transportation are included in revenues.

Coal sales. The following table summarizes information about our coal sales during the six months ended June 30, 2022 and 2021:

Nonoperating expenses. The following table summarizes our nonoperating expenses during the six months ended June 30, 2022 and 2021:

Provision for income taxes. The following table summarizes our provision for income taxes during the six months ended June 30, 2022 and 2021:

Three and Six Months Ended June 30, 2022 and 2021

The following table shows results by operating segment for the three and six months ended June 30, 2022 and June 30, 2021.

Segment coal sales per ton sold

Segment cash cost per ton sold

Reconciliation of Segment Adjusted EBITDA to Net Income

Based on the second quarter discretionary cash flow, a combined fixed and variable dividend payment of $6.00 per share will be made to stockholders of record as of August 31, 2022, payable on September 15, 2022.

The table below summarizes our second quarter discretionary cash flow and total dividend payout:

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