Energy Sector Round Up (SM Energy Co, Walter Energy Inc, AK Steel Holding Corporation, Arch Coal Inc)

New York, NY -- (SBWIRE) -- 11/02/2012 -- SM Energy Company (NYSE:SM), an energy company engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids, has reported net loss of $38.34 million, or $0.58 loss per diluted share, for the third quarter ended September 30, 2012, compared to net income of $230.1 million, or $3.41 per diluted share, for the same quarter ended September 30, 2011.Total operating revenues and other income for the third quarter ended September 30, 2012 were $378.95 million compared to $530.57 million for the same quarter ended September 30, 2011.Net income for the nine months ended September 30, 2012 was $12.89 million, or $0.19 per diluted share, compared to $336.13 million, or $4.99 per diluted share, for the same period ended September 30, 2011.Total operating revenues and other income for the nine months ended September 30, 2012 were $1.06 billion compared to $1.22 billion for the same period ended September 30, 2011.

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Walter Energy Inc. (NYSE:WLT) is a producer and exporter of metallurgical coal for the global steel industry and also produces steam coal, coal bed methane gas (natural gas), metallurgical coke and other related products.Walter Energy (NYSE:WLT) reiterated earlier this month that it expects to meet coal production for 3Q, which would be up 14% from 2Q. The company's 2Q results for EPS came in at $0.51, down drastically from $1.83 the same quarter last year. However, the company plans to reduce 2012 CapEx in an effort to hedge possible coal demand slowdowns. We see this as a negative for the company, given the poor positioning it will be in should coal demand rise faster than expected.

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AK Steel Holding Corporation (NYSE:AKS) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel). The Company’s operations consist of seven steelmaking and finishing plants located in Indiana, Kentucky, Ohio and Pennsylvania that produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled products, and specialty stainless and electrical steels that are sold in sheet and strip form. Currently, the stock is up $1.10 (7.41%) bringing the intraday trade price up to $15.95 with close to 620,000 shares exchanged. Can AKS continue its uptrend for ongoing gains? Stick around.

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Arch Coal, Inc. (ACI) is a coal producer. During the year ended December 31, 2011, the Company sold approximately 156.9 million tons of coal, including approximately 5.5 million tons of coal it purchased from third parties, representing roughly 14% of the United States coal supply. It sells its coal to power plants, steel mills and industrial facilities. Arch Coal Inc (NYSE: ACI) shares increased 3.67% to $8.25 in the morning hour after the company reported a third-quarter net profit of $46 million or $0.22 per share, compared with $9 million or $0.04 per share last year. Adjusted earnings for the quarter totaled $42 million or $0.20 per share, compared with $7.4 million or $0.03 per share in the prior year. Revenues for the quarter declined to $1.09 billion from $1.2 billion in the prior year period. Analysts expected the company to report a loss of $0.16 per share on revenues of $1.01 billion for the quarter.

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