Christopher Coats for SNL:
In a year that has seen the coal industry’s financing and investment landscape become especially troubling for domestic producers, the market value of U.S. companies has continued to collapse, shrinking by 74% from August of last year and nearly 90% from where it stood in April 2011.
According to an SNL Energy analysis, the total market capitalization of 13 selected publicly traded coal companies in the U.S. slid from $25.73 billion in August 2014 to just $6.65 billion in early October 2015, despite adding another listing since last summer.
While stark, the decline is part of a sustained descent in value that began shortly after April 2011. Since then, U.S. coal companies have fallen nearly 90% in value thanks to a toxic mixture of market challenges, regulatory pressure and competition that has driven prices down to unsustainable lows.