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Peabody Energy Corp (BTU.N)

BTU.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Peabody Increases Quarterly Dividend Per Share To $0.14
Wednesday, 8 May 2019 

May 8 (Reuters) - Peabody Energy Corp ::PEABODY INCREASES QUARTERLY DIVIDEND PER SHARE TO $0.14.PEABODY ENERGY CORP - DIVIDEND ANNOUNCEMENT REFLECTS AN INCREASE OF $0.01 PER SHARE, OR APPROXIMATELY 8 PERCENT, OVER PREVIOUS QUARTER'S DIVIDEND.  Full Article

Peabody Reports Q1 Earnings Per Share From Continuing Operations At $1.15
Wednesday, 1 May 2019 

May 1 (Reuters) - Peabody Energy Corp ::PEABODY REPORTS EARNINGS FOR QUARTER ENDED MARCH 31, 2019.Q1 EARNINGS PER SHARE $1.15 FROM CONTINUING OPERATIONS.Q1 REVENUE $1.25 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.70 -- REFINITIV IBES DATA.QTRLY DILUTED EPS - NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $1.12.SOLD 40.5 MILLION TONS IN QUARTER VERSUS 48.3 MILLION TONS REPORTED LAST YEAR.LOWERING 2019 CAPITAL EXPENDITURE GUIDANCE RANGE TO $350 MILLION TO $375 MILLION.Q1 OF 2019 WAS MARKED BY UNUSUAL NEAR-TERM CHALLENGES TO COAL LOGISTICS CHAIN IN MULTIPLE REGIONS OF WORLD.PEABODY ENERGY - CONTINUING TO REWEIGHT INVESTMENTS TOWARD GREATER SEABORNE THERMAL, METALLURGICAL COAL ACCESS TO CAPTURE HIGHER-GROWTH ASIAN DEMAND.PEABODY IS LOWERING ITS 2019 ANNUAL CAPITAL EXPENDITURE GUIDANCE RANGE TO $350 MILLION TO $375 MILLION.FOR 2019, PEABODY EXPECTS IMPORTS FROM SOUTHEAST ASIAN NATIONS TO DRIVE THERMAL COAL DEMAND INCREASES.ANTICIPATES GLOBAL STEEL DEMAND GROWTH OF APPROXIMATELY 2 PERCENT IN 2019.ANTICIPATES A STRONG SECOND HALF OF 2019 TO CONTRIBUTE MORE THAN HALF OF FULL-YEAR ADJUSTED EBITDA.NORTH GOONYELLA CHARGE OF $24.7 MILLION RELATES TO ADDITIONAL LOSSES IDENTIFIED IN Q1.AN ESTIMATED 50 GIGAWATTS OF NEW COAL-FUELED GENERATION ARE EXPECTED TO COME ONLINE IN 2019, PRIMARILY IN ASIA.IN Q1, SEABORNE THERMAL SEGMENT SOLD 2.6 MILLION TONS OF EXPORT THERMAL COAL AT AN AVERAGE REALIZED PRICE OF $80.40 PER SHORT TON.  Full Article

Peabody Releases Initial Learnings From North Goonyella Incident
Wednesday, 27 Mar 2019 

March 27 (Reuters) - :PEABODY RELEASES INITIAL LEARNINGS FROM NORTH GOONYELLA INCIDENT.PEABODY ENERGY -IT IS COMPANY'S INTENT LONGWALL PRODUCTION AT NORTH GOONYELLA WILL NOT RECOMMENCE UNTIL ALL NECESSARY MODIFICATIONS ARE UNDERTAKEN.PEABODY-INCIDENT REVIEW CONCLUDED AREAS OF MINE DEMONSTRATED ELEVATED METHANE & CARBON MONOXIDE LEVELS AFTER COMPLETION OF COAL PRODUCTION IN 9 NORTH PANEL.PEABODY ENERGY - TAKING MULTIPLE ACTIONS TO INTEGRATE INITIAL LEARNINGS INTO PRACTICES AT NORTH GOONYELLA AND OTHER OPERATIONS, WHERE APPROPRIATE.PEABODY ENERGY -ACTIONS TO TAKE EXTENSIVE STEPS TO TREAT OXIDATION FROM MINE SURFACE WERE ULTIMATELY UNSUCCESSFUL, AND A FIRE OCCURRED IN LATE SEPT.PEABODY- INCIDENT DID NOT RESULT IN INJURY TO ANY PERSON; CO'S INCIDENT MANAGEMENT TEAM WORKED ALONGSIDE QMI AND INDUSTRY EXPERTS.CONTINUES TO PROGRESS EXECUTION OF MULTI-PHASED REVENTILATION AND RE-ENTRY OF MINE IN CONSULTATION WITH QMI.  Full Article

Peabody Energy Q3 Earnings Per Share $0.63 From Continuing Operations
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Peabody Energy Corp ::PEABODY REPORTS EARNINGS FOR QUARTER ENDED SEPTEMBER 30, 2018.Q3 REVENUE $1.41 BILLION VERSUS I/B/E/S VIEW $1.49 BILLION.Q3 EARNINGS PER SHARE $0.63 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $1.30 -- THOMSON REUTERS I/B/E/S.SOLD 49.1 MILLION TONS IN QUARTER VERSUS 52.0 MILLION TONS REPORTED LAST YEAR.PEABODY ENERGY - PLANS TO ACQUIRE SHOAL CREEK METALLURGICAL COAL MINE, PREPARATION PLANT AND SUPPORTING ASSETS FROM DRUMMOND COMPANY FOR $400 MILLION.TRANSACTION EXCLUDES LEGACY LIABILITIES OTHER THAN RECLAMATION.PEABODY INTENDS TO FINANCE TRANSACTION WITH CASH ON BALANCE SHEET.QTRLY DILUTED EPS ATTRIBUTABLE TO COMMON STOCKHOLDERS $0.59.BUYBACKS REAFFIRMED AND AUTHORIZATION EXPANDED TO $1.5 BILLION.SHOAL CREEK ACQUISITION TO ADD 2 MILLION TONS OR MORE OF SEABORNE HARD COKING COAL CAPACITY PER YEAR.PEABODY ENERGY - CONSISTENT WITH ACTIONS TAKEN & CONDITIONS KNOWN TO DATE, PEABODY HAS RECORDED A $49.3 MILLION CHARGE FOR ESTIMATED EQUIPMENT LOSS IN QUARTER.PEABODY ENERGY - FOR Q4, CO REVISING 2018 U.S. MIDWESTERN AND WESTERN SALES VOLUMES TO REFLECT STRONGER YEAR-TO-DATE SHIPMENTS.PEABODY - DRUMMOND NEGOTIATING COLLECTIVE BARGAINING AGREEMENT WITH UNION-REPRESENTED WORKFORCE, WHICH IS A CONDITION PRECEDENT FOR DEAL CLOSING.PEABODY - UNION-REPRESENTED WORKERS MUST AGREE TO ELIMINATION OF PARTICIPATION IN MULTI-EMPLOYER PENSION PLAN AND REPLACEMENT WITH A 401(K) PROGRAM.FOCUSED ON CONTRACTING 2019 U.S. VOLUMES IF MARGINS ARE ACCEPTABLE.  Full Article

Peabody Provides Update On North Goonyella
Friday, 12 Oct 2018 

Oct 11 (Reuters) - Peabody Energy Corp ::PEABODY PROVIDES UPDATE ON NORTH GOONYELLA.3 OF MINE'S 5 OPENINGS REMAIN TEMPORARILY SEALED TO REDUCE AIR FLOW INTO MINE.CO CONTINUING SEALING OF COMPLETED LONGWALL PANEL, INTENDS TO PERMANENTLY SEAL AREA WHERE HIGH METHANE LEVELS IS CONCENTRATED.FORCE MAJEURE NOTICES HAVE BEEN ISSUED TO COAL CUSTOMERS AND ARE BEING UTILIZED WITH CERTAIN VENDORS.COMPANY EXPECTS FINANCIAL IMPACTS TO FUTURE PERIODS.  Full Article

Peabody Confirms Its Longwall Move At Its North Goonyella Mine Has Been Interrupted
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Peabody Energy Corp ::PEABODY ENERGY CORP - CONFIRMED THAT LONGWALL MOVE AT ITS NORTH GOONYELLA MINE HAS BEEN INTERRUPTED BY TEMPORARILY ELEVATED GAS LEVELS- SEC FILING.PEABODY ENERGY - LONGWALL MOVE AT NORTH GOONYELLA MINE, WHICH WAS EXPECTED TO BE COMPLETED IN SEPT., IS NOW TARGETED FOR COMPLETION IN EARLY PART OF Q4.PEABODY ENERGY - LONGWALL MOVE ACTIVITIES DELAYED FOR ABOUT TWO AND A HALF WEEKS THUS FAR AND CO WORKING TOWARD RESUMING OPERATIONS.PEABODY ENERGY - SERVICES SUCH AS POWER & NORMAL WATER MANAGEMENT ACTIVITIES IN NORTH GOONYELLA MINE CONTINUE, & THE MINE IS SHIPPING FROM INVENTORIES.  Full Article

Elliott Says As Of Aug. 14 May Be Deemed To Beneficially Own 28.2 Mln Peabody Energy Shares
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - Peabody Energy Corp ::ELLIOTT SAYS AS OF AUG. 14, ELLIOTT & AFFILIATES COLLECTIVELY MAY BE DEEMED TO BENEFICIALLY OWN 28.2 MILLION SHARES OF PEABODY ENERGY'S COMMON STOCK.ELLIOTT HAD EARLIER REPORTED ELLIOTT & AFFILIATES MAY BE DEEMED TO OWN 35.3 MILLION PEABODY COMMON SHARES AS OF JAN 31 - SEC FILING.  Full Article

Peabody Q1 Earnings Per Share $0.83 From Continuing Operations
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Peabody Energy Corp ::PEABODY REPORTS EARNINGS FOR QUARTER ENDED MARCH 31, 2018.Q1 REVENUE $1.46 BILLION.Q1 EARNINGS PER SHARE $0.83 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE VIEW $-9.55 -- THOMSON REUTERS I/B/E/S.CONFIRMS FINANCIAL TARGETS FOR 2018.ACCELERATES SHARE REPURCHASES AND EXPANDS PROGRAM SIZE TO $1.0 BILLION.PEABODY CONFIRMS FINANCIAL TARGETS FOR 2018.Q2 AUSTRALIAN THERMAL VOLUMES EXPECTED TO INCREASE SEQUENTIALLY THROUGHOUT YEAR, UNIT COSTS EXPECTED TO IMPROVE.Q2 METALLURGICAL COSTS ARE EXPECTED TO DECLINE VERSUS Q1.QTRLY TONS SOLD 48.3 MILLION TONS VERSUS 46.1 MILLION TONS.PEABODY ENERGY - QTRLY EPS ATTRIBUTABLE TO COMMON STOCKHOLDERS $0.82.IN U.S., PEABODY EXPECTS TRADITIONAL LOWER SHOULDER SEASON PRB VOLUMES IN Q2, COMPARED WITH Q1.PEABODY ENERGY - SEABORNE THERMAL AND METALLURGICAL COAL PRICING "REMAINED ROBUST" ON SOLID ASIAN-PACIFIC DEMAND IN QUARTER.  Full Article

Peabody Reduces Interest Rate And Extends Maturity Of Term Loan
Monday, 9 Apr 2018 

April 9 (Reuters) - Peabody Energy Corp ::PEABODY REDUCES INTEREST RATE AND EXTENDS MATURITY OF TERM LOAN.AMENDMENT PROVIDES FOR EXTENSION OF MATURITY OF TERM LOAN BY THREE YEARS TO 2025.SENIOR SECURED TERM LOAN WOULD NOW BEAR INTEREST AT A RATE OF LIBOR PLUS 2.75 PERCENT, REFLECTING A REDUCTION OF 75 BASIS POINTS.UPON CLOSING, CO PLANS TO REPAY ABOUT $46 MILLION OF ITS TERM LOAN, WHICH WOULD BRING TOTAL OUTSTANDING TERM LOAN BALANCE TO $400 MILLION.PEABODY ENERGY CORP - COMPANY'S STATED LONG-TERM GROSS DEBT TARGET IS $1.2 BILLION TO $1.4 BILLION.CERTAIN TERMS WILL ALSO BE MODIFIED, INCLUDING ELIMINATION OF CAPEX COVENANT UNDER TERM LOAN AND REVOLVING CREDIT FACILITY.EXPECTS ADDITIONAL DEBT REPAYMENT, INTEREST RATE REDUCTION TO GENERATE ANNUAL CASH INTEREST SAVINGS OF ABOUT $5 MILLION ON PRO FORMA BASIS.  Full Article

Peabody Declares Quarterly Dividend Of $0.115 Per Share
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Peabody Energy Corp ::DIVIDEND INITIATED BY PEABODY BOARD OF DIRECTORS, DEMONSTRATING STRONG FINANCIAL POSITION, CASH FLOW GENERATION POTENTIAL AND COMMITMENT TO SHAREHOLDER RETURNS.PEABODY ENERGY CORP - BOARD OF DIRECTORS HAS DECLARED A QUARTERLY DIVIDEND OF $0.115 PER SHARE ON COMPANY'S COMMON STOCK.PEABODY ENERGY CORP - ‍BOARD WILL EVALUATE DIVIDENDS ON A QUARTERLY BASIS​.  Full Article

Coal miner New Hope targets project decision by year-end

Australian coal producer New Hope Corp expects to decide on whether to reopen a mine and develop an adjacent deposit by year-end, despite increasingly difficult conditions for the industry, its chief executive said on Tuesday.