EXHIBIT 99.2
Arch Coal, Inc.
Supplemental Historical Information
Regional Realization and Cost Analysis (on a per-ton basis)
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| | | Q1 03 | | | Q2 03 | | | Q3 03 | | | Q4 03 | | | FY 2003 | | | Q1 04 | | | Q2 04 | | | Q3 04 | | | Q4 04 | | | FY 2004 | | | Q1 05 | |
| Tons sold (in mm) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Central App. | | | 6.8 | | | | 8.1 | | | | 7.3 | | | | 7.5 | | | | 29.7 | | | | 7.5 | | | | 7.3 | | | | 7.6 | | | | 7.5 | | | | 29.9 | | | | 7.2 | |
| PRB | | | 14.4 | | | | 15.8 | | | | 16.2 | | | | 17.7 | | | | 64.1 | | | | 16.6 | | | | 17.6 | | | | 20.5 | | | | 22.4 | | | | 77.1 | | | | 23.6 | |
| Western Bit. * | | | 4.8 | | | | 5.1 | | | | 4.9 | | | | 5.4 | | | | 20.2 | | | | 4.7 | | | | 5.0 | | | | 4.6 | | | | 4.5 | | | | 18.8 | | | | 4.8 | |
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| Total tons sold | | | 26.0 | | | | 29.0 | | | | 28.4 | | | | 30.6 | | | | 114.0 | | | | 28.8 | | | | 29.9 | | | | 32.7 | | | | 34.4 | | | | 125.8 | | | | 35.6 | |
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| Sales price per ton | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Central App. | | $ | 29.89 | | | $ | 29.66 | | | $ | 29.45 | | | $ | 29.94 | | | $ | 29.73 | | | $ | 33.06 | | | $ | 36.21 | | | $ | 38.35 | | | $ | 36.65 | | | $ | 36.08 | | | $ | 41.90 | |
| PRB | | $ | 6.28 | | | $ | 6.47 | | | $ | 6.35 | | | $ | 6.27 | | | $ | 6.34 | | | $ | 6.86 | | | $ | 6.91 | | | $ | 7.24 | | | $ | 7.64 | | | $ | 7.20 | | | $ | 7.79 | |
| Western Bit. * | | $ | 15.91 | | | $ | 16.09 | | | $ | 15.84 | | | $ | 15.12 | | | $ | 15.73 | | | $ | 15.54 | | | $ | 16.09 | | | $ | 15.95 | | | $ | 15.03 | | | $ | 15.67 | | | $ | 17.08 | |
| Total sales price per ton | | $ | 14.24 | | | $ | 14.66 | | | $ | 13.90 | | | $ | 13.63 | | | $ | 14.10 | | | $ | 15.12 | | | $ | 15.61 | | | $ | 15.71 | | | $ | 14.95 | | | $ | 15.34 | | | $ | 15.92 | |
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| Operating cost per ton | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Central App. | | $ | 30.28 | | | $ | 29.12 | | | $ | 28.48 | | | $ | 29.93 | | | $ | 29.43 | | | $ | 30.28 | | | $ | 33.37 | | | $ | 33.71 | | | $ | 35.10 | | | $ | 33.12 | | | $ | 40.37 | |
| PRB | | $ | 5.64 | | | $ | 5.50 | | | $ | 5.59 | | | $ | 5.12 | | | $ | 5.45 | | | $ | 5.92 | | | $ | 6.07 | | | $ | 6.66 | | | $ | 6.36 | | | $ | 6.28 | | | $ | 6.68 | |
| Western Bit. * | | $ | 14.16 | | | $ | 14.20 | | | $ | 15.74 | | | $ | 15.16 | | | $ | 14.82 | | | $ | 15.72 | | | $ | 14.34 | | | $ | 14.69 | | | $ | 14.92 | | | $ | 14.91 | | | $ | 14.45 | |
| Total operating cost per ton | | $ | 13.67 | | | $ | 13.65 | | | $ | 13.20 | | | $ | 12.96 | | | $ | 13.36 | | | $ | 13.88 | | | $ | 14.13 | | | $ | 14.08 | | | $ | 13.76 | | | $ | 13.96 | | | $ | 14.52 | |
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| Operating margin per ton | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Central App. | | $ | (0.39 | ) | | $ | 0.54 | | | $ | 0.97 | | | $ | 0.01 | | | $ | 0.30 | | | $ | 2.78 | | | $ | 2.84 | | | $ | 4.64 | | | $ | 1.55 | | | $ | 2.96 | | | $ | 1.53 | |
| PRB | | $ | 0.64 | | | $ | 0.97 | | | $ | 0.76 | | | $ | 1.15 | | | $ | 0.89 | | | $ | 0.95 | | | $ | 0.84 | | | $ | 0.58 | | | $ | 1.28 | | | $ | 0.92 | | | $ | 1.11 | |
| Western Bit. * | | $ | 1.75 | | | $ | 1.89 | | | $ | 0.10 | | | $ | (0.04 | ) | | $ | 0.91 | | | $ | (0.18 | ) | | $ | 1.75 | | | $ | 1.26 | | | $ | 0.11 | | | $ | 0.76 | | | $ | 2.63 | |
| Total operating margin per ton | | $ | 0.57 | | | $ | 1.01 | | | $ | 0.70 | | | $ | 0.67 | | | $ | 0.74 | | | $ | 1.24 | | | $ | 1.48 | | | $ | 1.63 | | | $ | 1.19 | | | $ | 1.38 | | | $ | 1.40 | |
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Additional detail | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Transportation costs billed to customer | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Central App. | | $ | 1.33 | | | $ | 1.08 | | | $ | 1.35 | | | $ | 1.11 | | | $ | 1.21 | | | $ | 1.39 | | | $ | 1.38 | | | $ | 1.45 | | | $ | 1.61 | | | $ | 1.46 | | | $ | 1.43 | |
| PRB | | $ | 0.08 | | | $ | 0.04 | | | $ | 0.04 | | | $ | 0.05 | | | $ | 0.05 | | | $ | 0.06 | | | $ | 0.04 | | | $ | 0.06 | | | $ | 0.04 | | | $ | 0.05 | | | $ | 0.06 | |
| Western Bit. * | | $ | 1.51 | | | $ | 1.47 | | | $ | 1.29 | | | $ | 1.95 | | | $ | 1.56 | | | $ | 1.75 | | | $ | 1.70 | | | $ | 2.12 | | | $ | 2.97 | | | $ | 2.12 | | | $ | 3.28 | |
| Total | | $ | 0.66 | | | $ | 0.58 | | | $ | 0.59 | | | $ | 0.64 | | | $ | 0.62 | | | $ | 0.68 | | | $ | 0.64 | | | $ | 0.67 | | | $ | 0.76 | | | $ | 0.69 | | | $ | 0.77 | |
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| Postretirement medical costs (total) | | $ | 0.58 | | | $ | 0.57 | | | $ | 0.50 | | | $ | 0.49 | | | $ | 0.53 | | | $ | 0.48 | | | $ | 0.47 | | | $ | 0.43 | | | $ | 0.40 | | | $ | 0.44 | | | $ | 0.46 | |
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| Purchased coal in which Arch acts as an intermediary Volume (in mm tons) | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 2.1 | | | | 2.6 | | | | 4.7 | | | | 1.4 | |
| Per ton realization and COS on pass-through tons | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | $ | 4.99 | | | $ | 4.81 | | | $ | 4.89 | | | $ | 4.51 | |
* For comparative purposes, all Western Bituminous Region (WBIT) data reflect the results of Canyon Fuel Company at 100% in all periods, even though Arch accounted for Canyon Fuel on the equity method until acquiring the remaining 35% of the company on July 31, 2004.
Note: Per ton realizations and costs as detailed above exclude transportation costs that are billed to customers and postretirement medical costs.
