Washington, D.C. 20549

                                 FORM 8-K

                              CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                       Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 24, 2002(April 22, 2002)

                              Arch Coal, Inc.
             (Exact name of registrant as specified in its charter)

       Delaware                      1-13105                    43-0921172
State or other jurisdiction  (Commission File Number)       (I.R.S. Employer
    of incorporation)                                      Identification No.)

              One CityPlace Drive, Suite 300, St. Louis, Missouri 63141
               (Address of principal executive offices)        (Zip code)

        Registrant's telephone number, including area code: (314) 994-2700

                               Page 1 of 4 pages.
                         Exhibit Index begins on page 4.

Item 5. Other  Events.

         On April 22, 2002, Arch Coal, Inc. (the "Company"), announced via press
release its earnings and operating results for the first quarter of 2002. A copy
of the Company's press release is attached hereto and incorporated herein by
reference in its entirety.

Item 7.  Financial Statements and Exhibits.

        (c) The following Exhibit is filed with this Current Report on Form 8-K:

           Exhibit No.                        Description
             99                        Press Release dated as of April 22, 2002

                               Page 2 of 4 pages.
                         Exhibit Index begins on page 4.


                  Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

Dated:  April 24, 2002               ARCH COAL, INC.

                                    By: /s/ Robert G. Jones
                                        Robert G. Jones
                                        Vice President - Law, General Counsel
                                          and Secretary

                               Page 3 of 4 pages.
                         Exhibit Index begins on page 4.

                                  EXHIBIT INDEX

Exhibit No.                 Description
99                         Press Release dated as of April 22, 2002

                               Page 4 of 4 pages.

                                                                     Exhibit 99

Arch Coal, Inc.
                                                        FOR FURTHER INFORMATION:
                                                                  Deck S. Slone
                                                                 Vice President,
                                                   Investor and Public Relations
                                                                 (314) 994-2717

                                                          FOR IMMEDIATE RELEASE
                                                                April 22, 2002
Arch Coal, Inc. reports first quarter results
* Net loss of $7.4 million,  or $.14 per share,  vs. net income of $6.1 million,
or $.15 per share, in 1Q01 * Adjusted EBITDA of $49.1 million, vs. $80.3 million
in 1Q01 * Total  revenues of $368.5  million,  vs. $381.4 million in 1Q01 * Coal
sales of 24.7 million tons, vs. 27.2 million tons in 1Q01 ST. LOUIS, April 22 --
Arch  Coal,  Inc.  (NYSE:  ACI) today  announced  that it had a net loss of $7.4
million,  or $.14 per share,  for its first  quarter  ended March 31, 2002.  The
company had previously announced that it expected a net loss of between $.05 and
$.15 for the quarter.  In the same quarter of 2001,  Arch had net income of $6.1
million,  or $.15 per share.

U.S. coal markets are currently in a state of oversupply  following an extremely
mild winter and a period of economic weakness that dampened  electricity  demand
in recent  quarters.  In  response  to this  unfavorable  near- term spot market
environment,  Arch announced in March that it had reduced the rate of production
at its mining  operations  by  approximately  7%. At the same time,  the company
announced that it would cut 2002 capital spending from its previous  estimate of
between $180 million and $200 million, to an expected $150 million.

"The single biggest  influence on the quarter's  performance was our decision to
curtail  production  at our mines in response  to the weak market  environment,"
Leer said.  "As a  market-driven  company,  we don't believe it is wise to force
tonnage into an oversupplied market. These actions increase our per-ton costs in
the short term, but should have a significant long-term benefit."

"We  continue to take steps to align our costs with reduced  production  levels,
and we expect  this  effort to lead to an  improved  performance  in the  year's
second  half and  thereafter,"  Leer  added.  "However,  most of our  costs  are
relatively fixed in the near term -- and the fact that those costs are now being
spread over fewer tons will have a continuing impact on our operating results as
we enter the second  quarter.  Nevertheless,  we are confident that we are doing
the right thing for the company,  its shareholders and its employees by electing
not to sell coal into the spot market at very low prices."

Market environment

Stockpile  levels at power  producers  remain  high,  and,  in keeping  with its
market-driven  philosophy,  Arch has tried to work with its customers to address
that issue.  However,  Leer noted that there is good reason for  optimism in the
intermediate  and longer term.  "Industrial  activity  appears to be picking up,
natural gas prices have climbed higher on the expectation of more robust demand,
and coal prices -- especially  for coal to be delivered in future periods -- are
showing signs of a rebound," Leer said. "If normal  weather  patterns  return --
and I might note that we have seen an early start to the air-conditioning season
-- we expect the market to continue to strengthen as we move into summer."

Leer pointed out that the company should be in a strong position to respond as a
stronger  market  environment  materializes.  "The  steps  that we have taken to
curtail  production  will  enhance our ability to provide  low-cost  coal to the
market as electricity  demand rebounds,  and should serve the company well as it
makes commitment for future periods," he said.

Leer reiterated that the decision to curtail production instead of participating
in the spot  market  would  continue to have an adverse  impact on revenues  and
margins in the near term,  and indicated  that the company  currently  expects a
loss of  between  $.04 and $.12 in the  second  quarter  absent a change  in the
current  market  environment.  "With  continued  cost  control  efforts  and the
prospects of a stronger demand and pricing  environment,  we are optimistic that
the company will have a much stronger  second half," Leer said. "We believe that
the operational challenges at two of our mines, West Elk and Samples, are behind
us, and we are well positioned to capitalize when coal markets strengthen."

Other developments

Arch Coal and its Arch Western Resources subsidiary completed the refinancing of
their existing credit facilities on April 18. The new credit facilities  include
five- and six-year term loans  totaling $675 million at Arch Western  Resources,
and a five-year  revolver  totaling $350 million for Arch Coal. Arch expects its
blended  cost of debt to be generally  consistent  with the level of past years.

The  company  also  announced  on  April  19  that  it  had  created  a  limited
partnership,  Natural  Resource  Partners L.P.,  with three  affiliated  private
companies -- Western Pocahontas  Properties Limited Partnership,  Great Northern
Properties  Limited  Partnership and New Gauley Coal Corporation  (collectively,
the "WPP Group").  Natural Resource Partners was formed to engage principally in
the business of owning and managing  coal royalty  properties in the three major
coal-producing regions of the United States:  Appalachia, the Illinois Basin and
the Western United States. The partnership has filed a registration statement on
Form S-1 with the  Securities  and  Exchange  Commission  relating to a proposed
underwritten  initial  public  offering  of common  units  representing  limited
partner   interests  in  Natural   Resource   Partners.   Arch  is  contributing
approximately  454  million  tons of its 3.4 billion  tons of total  reserves to
Natural Resource Partners.

Operating statistics

Regional  analysis:  Of the 24.7  million tons of coal that Arch sold during the
first  quarter,  approximately  8.1  million  tons  originated  at  its  eastern
operations and 16.6 million tons originated at its western operations. Arch Coal
had an average  realized  sales  price of $14.53 per ton and  average  operating
costs of $14.07 per ton. The eastern  operations  had an average  realized sales
price of  $30.39  per ton and an  average  cost of  $29.30  per ton  during  the
quarter. The western operations had an average realized sales price of $6.73 per
ton and an average cost of $6.53 per ton during the quarter. (Western operations
data does not include the results of  65%-owned  Canyon Fuel  Company,  which is
accounted for on the equity method.)

Expected sales volume for the second quarter of 2002: In the east,  Arch expects
to sell a total of approximately  7.2 million tons of coal in the second quarter
from its mines in Central Appalachia, excluding brokered tons. In the west, Arch
expects to sell  approximately  15.0 million  tons of coal at its Black  Thunder
mine in the Powder  River Basin of Wyoming,  and roughly 1.7 million tons at the
West Elk mine in  Colorado,  excluding  brokered  tons.  Total  sales (on a 100%
basis) at Arch's 65%-owned Canyon Fuel operations in Utah are expected to exceed
3.0 million tons for the second quarter.

Financial:  Arch  expects  depreciation,  depletion  and  amortization  to total
approximately $210 million in 2002, which is lower than previously  expected due
to downward revisions in anticipated capital spending.  Capital expenditures are
expected to total  approximately  $150 million.  (Projections for  depreciation,
depletion and  amortization  and capital  expenditures  include Arch's ownership
percentage in Canyon Fuel Company.)

Looking ahead

"We are very  optimistic  about the  future,"  Leer  said.  "We  believe we have
successfully  addressed operating  challenges that adversely affected the recent
performances of two of our mines,  and we are  well-positioned  to respond to an
improving  demand and price  environment as we look beyond the current  shoulder

Leer added that the long-term outlook for coal looks bright. "The driving forces
that spurred last year's  strong demand and pricing  environment  are still very
much in place,"  Leer said.  "Nuclear  power  plants are  unlikely to improve on
their record  performances of recent years.  High natural gas prices in the face
of a strong storage picture suggest concerns about supply going forward.  And an
increasingly  tense  geopolitical  environment may lead to a greater emphasis on
domestic  energy  sources such as coal. We firmly  believe that coal is the only
economic option  available for fueling the nation's  ever-increasing  demand for
baseload electric power over the course of the next decade."

A conference call concerning  first quarter  earnings will be webcast live today
at 11 a.m. EDT. The conference  call can be accessed via the "investor"  section
of the Arch Coal web site (

Arch  Coal  is  the  nation's  second  largest  coal  producer  with  subsidiary
operations in West Virginia,  Kentucky,  Virginia,  Wyoming,  Colorado and Utah.
Through these  operations,  Arch Coal provides the fuel for  approximately 6% of
the electricity generated in the United States.

Definition:  Adjusted  EBITDA is presented above because it is a widely accepted
financial  indicator of a company's ability to incur and service debt.  Adjusted
EBITDA should not be considered in isolation or as an alternative to net income,
operating  income,  cash flows from  operations,  or as a measure of a company's
profitability,  liquidity or performance  under  generally  accepted  accounting
principles.  Adjusted  EBITDA is defined as income  from  operations  before the
effect of net interest expense,  income taxes, and  depreciation,  depletion and
amortization for Arch Coal, Inc., its subsidiaries and its ownership  percentage
in its equity investments.

Forward-Looking  Statements:  Statements  in this  press  release  which are not
statements of historical fact are  forward-looking  statements  within the "safe
harbor" provision of the Private Securities Litigation Reform Act of 1995. These
forward-looking  statements are based on information currently available to, and
expectations and assumptions  deemed  reasonable by, the company.  Because these
forward-looking  statements  are  subject  to various  risks and  uncertainties,
actual results may differ  materially  from those  projected in the  statements.
These  expectations,   assumptions  and  uncertainties  include:  the  company's
expectation  of  continued  growth in the demand for  electricity;  belief  that
legislation  and  regulations  relating to the Clean Air Act and the  relatively
higher costs of competing  fuels will  increase  demand for its  compliance  and
low-sulfur  coal;  expectation  of improved  market  conditions for the price of
coal; expectation that the company will continue to have adequate liquidity from
its cash flow from  operations,  together with  available  borrowings  under its
credit facilities,  to finance the company's working capital needs; a variety of
operational,  geologic,  permitting,  labor and weather related factors; and the
other risks and uncertainties which are described from time to time in the
company's reports filed with the Securities and Exchange Commission.

                       Arch Coal, Inc. and Subsidiaries
               Condensed Consolidated Statements of Operations
                    (In thousands, except per share data)

                                                      Three Months Ended
                                                           March 31
                                                    2002              2001
      Coal sales                                  $358,595          $360,043
      Income from equity investment                  1,268             6,059
      Other revenues                                 8,604            15,325
                                                   368,467           381,427

    Costs and expenses
      Cost of coal sales                           347,211           329,525
      Selling, general and administrative
       expenses                                      9,870            13,794
      Amortization of coal supply agreements         5,114             7,586
      Other expenses                                 7,592             4,329
                                                   369,787           355,234
          Income (loss) from operations             (1,320)           26,193

    Interest expense, net:
      Interest expense                             (12,002)          (21,354)
      Interest income                                  268               251
                                                   (11,734)          (21,103)

          Income (loss) before income taxes        (13,054)            5,090
    Benefit from income taxes                       (5,700)           (1,000)
          Net Income (loss)                        $(7,354)           $6,090

    Basic and diluted earnings (loss) per
     common share                                   $(0.14)            $0.15

    Weighted average shares outstanding             52,356            40,411

    Dividends declared per share                   $0.0575           $0.0575

    Adjusted EBITDA (A)                            $49,138           $80,313

    (A) Adjusted EBITDA is defined as income from operations before the effect
        of net interest expense; income taxes; and depreciation, depletion and
        amortization for Arch Coal, Inc., its subsidiaries and its ownership
        percentage in its equity investments.

                       Arch Coal, Inc. and Subsidiaries
                    Condensed Consolidated Balance Sheets
                                (In thousands)

                                                   March 31,     December 31,
                                                     2002            2001
    Assets                                        (Unaudited)
      Current assets
        Cash and cash equivalents                   $1,602          $6,890
        Trade receivables                          139,104         149,956
        Other receivables                           32,139          32,303
        Inventories                                 70,127          60,133
        Prepaid royalties                            3,035           1,997
        Deferred income taxes                       23,840          23,840
        Other                                       13,190          14,337
            Total current assets                   283,037         289,456

      Property, plant and equipment, net         1,430,170       1,396,786

      Other assets
        Prepaid royalties                           51,116          35,216
        Coal supply agreements                      76,309          81,424
        Deferred income taxes                      197,209         195,411
        Investment in Canyon Fuel                  156,608         170,686
        Other                                       36,750          34,580
                                                   517,992         517,317
            Total assets                        $2,231,199      $2,203,559

    Liabilities and stockholders' equity
      Current liabilities
        Accounts payable                          $115,228         $99,081
        Accrued expenses                           147,133         134,062
        Current portion of debt                      6,500           6,500
            Total current liabilities              268,861         239,643
      Long-term debt                               792,354         767,355
      Accrued postretirement benefits other
       than pension                                325,618         326,098
      Accrued reclamation and mine closure         126,074         123,761
      Accrued workers' compensation                 79,061          78,768
      Accrued pension cost                           5,353          22,539
      Obligations under capital leases               7,691           8,210
      Other noncurrent liabilities                  59,548          66,443
            Total liabilities                    1,664,560       1,632,817

      Stockholders' equity
        Common stock                                   527             527
        Paid-in capital                            835,585         835,427
        Retained deficit                          (249,700)       (239,336)
        Treasury stock, at cost                     (5,047)         (5,047)
        Accumulated other comprehensive loss       (14,726)        (20,829)
            Total stockholders' equity             566,639         570,742
            Total liabilities and stockholders'
             equity                             $2,231,199      $2,203,559

                       Arch Coal, Inc. and Subsidiaries
               Condensed Consolidated Statements of Cash Flows
                                (In Thousands)

                                                       Three Months Ended
                                                            March 31,
                                                    2002               2001
    Operating activities
    Net income (loss)                             $(7,354)            $6,090
    Adjustments to reconcile to cash
     provided by operating activities:
      Depreciation, depletion and amortization     42,741             44,240
      Prepaid royalties expensed                    1,874              1,607
      Net gain on disposition of assets              (187)            (3,435)
      Income from equity investment                (1,268)            (6,059)
      Net distributions from equity investment     15,346             20,755
      Changes in:
        Receivables                                11,016              2,334
        Inventories                                (9,994)            (3,358)
        Accounts payable and accrued expenses      11,218             14,249
        Income taxes                               (5,700)            (5,767)
        Accrued postretirement benefits other
         than pension                                (480)            (3,826)
        Accrued reclamation and mine closure        2,313             (2,795)
        Accrued workers' compensation benefits        293              1,044
        Other                                       3,440                413

      Cash provided by operating
       activities                                  63,258             65,492

    Investing activities
    Additions to property, plant and equipment    (73,068)           (48,547)
    Proceeds from dispositions of property,
     plant and equipment                            1,706              3,631
    Additions to prepaid royalties                (18,812)           (18,804)

        Cash used in investing activities         (90,174)           (63,720)

    Financing activities
    Net proceeds from (payments on) revolver
     and lines of credit                           24,999            (51,725)
    Payments on term loans                              -            (47,000)
    Reductions of obligations under capital
     lease                                           (519)              (752)
    Dividends paid                                 (3,010)            (2,495)
    Proceeds from sale of common stock                158             96,521

        Cash provided by (used in) financing
         activities                                21,628             (5,451)

    Increase in cash and cash equivalents          (5,288)            (3,679)
    Cash and cash equivalents, beginning of
     period                                         6,890              6,028

    Cash and cash equivalents, end of period       $1,602             $2,349

    Canyon Fuel Company cash flow information
     (Arch Coal ownership percentage)
      Depreciation, depletion and amortization      7,717              9,880
      Additions to property, plant and equipment   (1,634)            (2,901)