ST. LOUIS, Jan. 4, 2016 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it has amended elements of its 2013 agreement with the United Mine Workers of America (UMWA) to resolve outstanding Patriot retiree healthcare benefit issues. This agreement improves Peabody's expected 2017 cash flows by $70 million. Since 2013, Peabody has contributed $165 million in healthcare funds to a Voluntary Employees [...]
ST. LOUIS, Dec. 8, 2015 /PRNewswire/ -- Peabody Energy has honored coal-fueled power plants for top global and U.S. environmental performance with its Advanced Energy for Life Clean Coal Awards. Global award recipients include Dynegy Inc. in the United States, Korea Southeast Power Co. (KOSEP) in South Korea, and Trianel Kohlekraftwerk Lünen GmbH & Co KG (Trianel) in Germany. U.S. award winners include Dynegy and [...]
ST. LOUIS, Nov. 20, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it has entered into a definitive agreement to sell its New Mexico and Colorado coal assets to Bowie Resource Partners, LLC for $358 million in cash, subject to customary working capital adjustments. Bowie will also assume approximately $105 million in related liabilities. The transaction was entered into following a competitive [...]
ST. LOUIS, Nov. 9, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it has reached a resolution with the New York Attorney General's (NYAG) office regarding the company's disclosures involving climate change. Following an extensive eight-year investigation initially discussed in the company's 2007 disclosures, Peabody has agreed to amend its disclosures. There is no other action associated with this [...]
- Third quarter revenues of $1.42 billion lead to Adjusted EBITDA of $129.0 million - Diluted Loss Per Share from Continuing Operations totals $(8.08); Adjusted Diluted EPS totals $(8.13) - U.S. Mining segments deliver gross margins averaging 26% - Third quarter Australian results increase over prior year while costs decline 28% to $48.11 per ton - Lowering 2015 U.S. volume guidance by 5 million tons; Reducing annual [...]
ST. LOUIS, Oct. 22, 2015 /PRNewswire/ -- The Board of Directors of Peabody Energy (NYSE: BTU) today elected Robert A. Malone to the non-executive role of Chairman of the Board, effective Jan. 1, 2016. The veteran executive has been serving as Lead Independent Director of Peabody since January 2013. He will succeed Gregory H. Boyce, who will retire from Peabody effective Dec. 31, 2015, concluding a comprehensive [...]
ST. LOUIS, Oct. 13, 2015 /PRNewswire/ -- On Tuesday, Oct. 27, 2015, Peabody Energy (NYSE: BTU) will announce the results for the quarter ended Sept. 30, 2015. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, Oct. 27. Participants may access the call using the following phone numbers: U.S. & Canada (800) 230-1085 International (612) 288-0337 The call, replay and other investor [...]
ST. LOUIS, Sept. 16, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced a 1-for-15 reverse stock split on shares of the company's common stock. Authorization to implement the reverse stock split was approved by Peabody shareholders at a special meeting held earlier today. "We thank our shareholders for their continued support as we work through these challenging times," said President and Chief Executive [...]
ST. LOUIS, Aug. 4, 2015 /PRNewswire/ -- Peabody Energy President and Chief Executive Officer Glenn Kellow today announced that A. Verona Dorch has been named Executive Vice President, Chief Legal Officer, Government Affairs and Corporate Secretary. Dorch will have executive responsibility for providing comprehensive legal counsel for Peabody business activities and will lead the company's global legal and government [...]
ST. LOUIS, Aug. 3, 2015 /PRNewswire/ -- Peabody Energy today urged further action by courts, Congress, states, consumer groups and industrial/residential electricity customers to turn back the Environmental Protection Agency's (EPA) rules to reduce carbon dioxide emissions on electricity generating plants. Studies show the rules will punish American families and businesses with higher energy costs and damage electric [...]
- Second quarter revenues of $1.34 billion lead to Adjusted EBITDA of $87.0 million, including $21.2 million in restructuring charges - Diluted loss per share from Continuing Operations totals $(3.71) including $(3.06) in impairments; Adjusted Diluted EPS totals $(0.65), including $(0.07) from restructuring - Second quarter Australian costs improve 28% to $52 per ton; Australian margins expand to $6.48 per ton as cost [...]
ST. LOUIS, July 15, 2015 /PRNewswire/ -- On Tuesday, July 28, 2015, Peabody Energy (NYSE: BTU) will announce the results for the quarter ended June 30, 2015. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, July 28. Participants may access the call using the following phone numbers: U.S. & Canada (800) 230-1092 International (612) 234-9960 The call, replay and other investor [...]
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