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The coal equity landscape consolidated hard over the last two years. Here's the current map of the names that matter, including where the retired tickers went.
BTU
Peabody Energy
The largest U.S. private-sector coal producer. Powder River Basin thermal volume plus a growing seaborne metallurgical book. Still trading on the NYSE.
ARCH → CNR
Arch Resources
Ticker retired. Arch merged with CONSOL Energy in January 2025 to form Core Natural Resources. Arch holders received 1.326 CNR shares per share.
CEIX → CNR
CONSOL Energy
Ticker retired. CONSOL is the other half of Core Natural Resources, which began trading as CNR on the NYSE in January 2025.
How to read this market now
Two stories drive coal equities. The first is metallurgical coal — steelmaking demand, mostly seaborne, priced against Australian benchmarks. The second is U.S. thermal coal, where utility burn, natural gas prices, and plant retirement schedules set the tone. Most producers now straddle both, which is exactly why the Arch–CONSOL merger happened: scale across coal types and export terminals.
When you see a headline quoting ARCH or CEIX prices, check the date. Both tickers stopped trading in January 2025. The combined company is Core Natural Resources (NYSE: CNR).
Not investment advice. Coal Facility tracks the industry. Confirm quotes and filings with your broker or the SEC's EDGAR system before acting on anything here.