- Third quarter revenues of $1.72 billion lead to Adjusted EBITDA of $216 million - Diluted Loss Per Share from Continuing Operations of $(0.58) with Adjusted Diluted EPS of $(0.59) - Australian costs per ton lowest since early 2011; Lowering 2014 Australian cost target to approximately $70 per ton - Quarterly operating cash flows rise to $169.8 million; Reducing 2014 capital spending targets to $200 to $220 million [...]
Bill Rusnack, a member of the Peabody Energy Board of Directors, has been named a recipient of the St. Louis Business Journal's third annual Outstanding Directors Awards. Rusnack, a Peabody board member since 2002, is the Chair of the Audit Committee, and a member of the Compensation and Executive Committees of Peabody's board. "Bill has long been one of St. Louis' most preeminent business leaders and is an invaluable [...]
Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce today was honored for a lifetime of contributions to the global coal industry to advance sustainable mining, energy access and clean coal solutions at the 34th Coaltrans World Conference in Copenhagen. The recognition coincided with Boyce's keynote address urging world industry leaders to fight energy inequality with greater use of 21st century coal [...]
On Monday, Oct. 20, 2014, Peabody Energy will announce the results for the quarter ended Sept. 30, 2014. A conference call with management is scheduled for 10 a.m. CDT on Monday, Oct. 20. Participants may access the call using the following phone numbers: U.S. & Canada (800) 288-8961 ...
Peabody Energy[/wp] (NYSE: BTU) calls advanced coal technology the low-cost, low-carbon solution to energy needs and environmental objectives in its "21st Century Coal's Role in the Future of Energy", a new report. The report presents the company's views on carbon management and coal mining and use in the 21st century. Peabody believes safe, environmentally responsible, high-technology coal mining and energy generation offer [...]
During a week of heightened discussion about carbon and climate, Peabody Energy today called for greater use of advanced coal to fight energy inequality and improve emissions. "It's time we recognize energy poverty as the most serious crisis we face and reject climate alarmism that stalls solutions for energy access that would improve health, longevity and quality of life for tens of millions of citizens around the [...]
Peabody Energy announced today that the company now expects third quarter 2014 Adjusted EBITDA of $190 to $210 million, which is above the company's prior targeted range. "Peabody is pleased that strong cost improvements and operating results are leading to increased Adjusted EBITDA expectations even in the face of market challenges," said Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce. "Our [...]
Peabody Energy today provided an update on coal fundamentals and Peabody's positioning given recent global and domestic industry events. "We believe there is a fundamental mismatch in early reporting regarding China's new coal quality policies relative to the emerging view of its likely beneficial effects on Australian high-quality coal exports," said Peabody Energy Chairman and Chief Executive Gregory H. Boyce. "In [...]
Peabody Energy today applauded the London-based Advertising Standards Authority (ASA), which rejected false advertising claims by WWF aimed at stopping candid discussion about coal's vital role in alleviating energy poverty, increasing access to low-cost electricity and improving emissions. "The company believes that access to clean, modern energy from coal is as basic as food, water or shelter, enabling a high standard [...]
Employees at Peabody Energy's Cottage Grove Mine in Southern Illinois have reached a safety milestone, surpassing three years without an incident causing employees to miss a day of work. "Our employees at Cottage Grove have achieved a tremendous safety milestone, and one that inspires pride in all of us at Peabody," said Peabody President – Americas Kemal Williamson. "Safety is a core value, part of our mission and a way [...]
Peabody Energy announced today that it is reducing metallurgical coal production by approximately 1.5 million tons per year from the Burton Mine in Queensland, Australia. The Burton Mine is Peabody's highest unit-cost operation, and production levels are not sustainable in the current market environment. Following negotiations with the contractor operator, production levels are expected to be reduced to approximately 1 [...]
ST. LOUIS, July 29, 2014 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today called for withdrawal of the proposed carbon rule for existing power plants and greater deployment of technology as the long-term solution to improve emissions, during testimony at a U.S. Environmental Protection Agency (EPA) hearing in Washington, D.C. Peabody is also offering testimony in Denver. "Using coal for electricity enables people to live [...]
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