- Third quarter revenues of $1.80 billion lead to Adjusted EBITDA of $312 million - Diluted Earnings Per Share from Continuing Operations totals $0.06 with Adjusted Diluted Earnings Per Share of $0.05 - Successful cost containment results in lowest U.S. unit costs in three years; Australia unit costs improve 18 percent since early 2012 - New $2.85 billion credit facility increases financial flexibility - Improving global [...]
Peabody Energy today announced that it has reached an agreement with Patriot Coal and the United Mine Workers of America (UMWA) to resolve all issues related to Patriot's bankruptcy. "Peabody has continued to fund healthcare benefits for retirees during Patriot's bankruptcy proceedings," said Peabody Energy Executive Vice President Law, Chief Legal Officer and Secretary Alexander C. Schoch. "We are pleased to resolve the [...]
ST. LOUIS, Oct. 3, 2013 /PRNewswire/ -- On Thursday, Oct. 17, 2013, Peabody Energy will announce the results for the quarter ended Sept. 30, 2013. A conference call with management is scheduled for 10 a.m. CDT on Thursday, Oct. 17, 2013. Participants may access the call using the following phone numbers: U.S. & Canada (800) 288-8968 ...
ST. LOUIS, Sept. 24, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that it completed a new secured credit facility, including an expanded five-year $1.65 billion revolver due in 2018 and a seven-year $1.2 billion term loan due in 2020. The new credit facility replaces the company's $1.5 billion revolver and $1.2 billion term loans due in 2015 and 2016. "Peabody elected to capitalize on [...]
ST. LOUIS, Sept. 23, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that the United Mine Workers of America (UMWA) had previously rejected an offer in settlement of all claims with the UMWA, payable over 15 years, which could also have been used to provide 3,100 Patriot Coal retirees with lifetime healthcare benefits comparable to those of Peabody's active corporate employees. Senior Vice President of [...]
ST. LOUIS, Sept. 20, 2013 /PRNewswire/ -- Peabody believes that the U.S. Environmental Protection Agency's (EPA's) proposed rule, if advanced, would cause consumers' power bills to skyrocket over time and cause more pain at the plug than Americans have experienced at the pump. Carbon capture and storage technology is simply not commercially available and not able to satisfy America's need for low-cost electricity [...]
ST. LOUIS, Sept. 17, 2013 /PRNewswire/ -- The United Mine Workers of America Local 1924 has ratified a new six-year agreement that is effective for represented employees at the Kayenta Mine in Arizona where approximately 98 percent of the hourly workforce is Native American. The agreement has provisions that will allow for efficiency improvements and includes wage increases and enhancements for a variety of benefit [...]
Peabody today asked the bankruptcy court to confirm the termination of our contractual obligation to fund certain of Patriot Coal's retiree healthcare benefits. Under Patriot Coal's new labor agreements with the UMWA, its obligation to pay healthcare benefits for its retirees will terminate by January 1, 2014. Under the terms of Peabody's contract with Patriot, our obligation to fund certain of Patriot's retiree [...]
Peabody Energy announced today that the company has named veteran mining executive Glenn Kellow to the position of President and Chief Operating Officer. He will report to Chairman and Chief Executive Officer Gregory H. Boyce and serve as a member of Peabody's executive leadership team. "Glenn brings more than a quarter century of distinguished experience in the global resource industry, where he has served in multiple [...]
Peabody is pleased with today's ruling by the Eighth Circuit Bankruptcy Appellate Panel. The court said that Peabody was obligated to make payments (that have been consistently paid) until such time as a new labor agreement was approved between Patriot and the UMWA. The Panel did not rule on how Peabody's level of funding would be determined with this new agreement in place: "We are not concerned with, and express no [...]
Peabody Energy today announced that Heather A. Wilson has been appointed as a member of the company's Board of Directors. Wilson currently serves as President of the South Dakota School of Mines and Technology and is a former member of the U.S. House of Representatives. "Dr. Wilson is an exceptional leader with a broad perspective on energy, mining and global affairs, who leads an institution that is bringing forth the [...]
The board of directors of Peabody Energy today declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on Aug. 29, 2013, to holders of record on Aug. 8, 2013. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries [...]
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