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Peabody Energy Corp (BTU.N)

BTU.N on New York Stock Exchange

42.99USD
18 Sep 2018
Change (% chg)

$0.64 (+1.51%)
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Latest Key Developments (Source: Significant Developments)

Peabody Announces Agreement To Repurchase $300 Mln In BTU Shares
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Peabody Energy Corp ::PEABODY ANNOUNCES AGREEMENT TO REPURCHASE $300 MILLION IN BTU SHARES DIRECTLY FROM ENTITIES ADVISED BY ELLIOTT MANAGEMENT.PEABODY ENERGY CORP - REPURCHASES NOW TOTAL $875 MILLION SINCE COMPANY'S SHAREHOLDER RETURN PROGRAM WAS INITIATED IN AUGUST 2017.PEABODY ENERGY CORP - AGREEMENT TO REPURCHASE STOCK DIRECTLY FROM ENTITIES ADVISED BY ELLIOTT MANAGEMENT AT A PRICE OF $41.82 PER SHARE.PEABODY ENERGY - REPURCHASE REPRESENTS 5.9 PERCENT OF CO'S SHARES OUTSTANDING AND IS BEING MADE UNDER PEABODY'S $1 BILLION AUTHORIZED REPURCHASE PROGRAM.  Full Article

Peabody Reports Qtrly Shr From Cont. Ops of $0.93
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Peabody Energy Corp ::PEABODY REPORTS EARNINGS FOR QUARTER ENDED JUNE 30, 2018.Q2 EARNINGS PER SHARE $0.93 FROM CONTINUING OPERATIONS.Q2 REVENUE $1.31 BILLION.Q2 EARNINGS PER SHARE VIEW $-7.63 -- THOMSON REUTERS I/B/E/S.PEABODY INCREASES DIVIDEND TO $0.125 PER SHARE.QTRLY EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS $0.90.SAYS "VIGOROUS" SEABORNE THERMAL DEMAND LED TO FURTHER STRENGTHENING IN SEABORNE THERMAL COAL PRICING DURING QUARTER.QTRLY TONS SOLD 43.1 MILLION TONS VERSUS 43.6 MILLION TONS.SAYS INDIA'S DOMESTIC COAL PRODUCTION HAS ALSO BEEN UNABLE TO KEEP PACE WITH GROWING ELECTRICITY DEMAND.SAYS IN U.S., INDUSTRY CONDITIONS REMAIN CHALLENGED AS UTILITY COAL CONSUMPTION DECLINED.SAYS EXPECTS TREND OF INCREASE IN ASEAN IMPORTS TO CONTINUE.SAYS WHILE DOMESTIC DEMAND HAS WEAKENED, U.S. EXPORTS HAVE CONTINUED TO BENEFIT FROM STRONG SEABORNE PRICING.SAYS PEABODY TIGHTENED ITS ANNUAL PRB VOLUME GUIDANCE RANGE TO 115 MILLION TONS TO 120 MILLION TONS.SAYS DESPITE CONTINUED STRENGTH IN CHINESE STEEL PRODUCTION, METALLURGICAL COAL IMPORTS DECLINED ABOUT 7 MILLION TONNES YEAR-TO-DATE THROUGH JUNE.SAYS PEABODY ENERGY SAYS AS EXPECTED, INDIA "CONTINUES TO LEAD" GROWTH IN METALLURGICAL COAL DEMAND.SAYS HAS YET TO BE IMPACTED BY DELAYS IN RAIL SERVICES IN AUSTRALIA.SAYS Q3 AUSTRALIAN EXPORT THERMAL VOLUMES EXPECTED TO CONTINUE TO INCREASE SEQUENTIALLY, WITH Q4 ANTICIPATED TO BE ITS STRONGEST SHIPPING QUARTER.  Full Article

Peabody Increases Quarterly Dividend To $0.125 Per Share
Thursday, 19 Jul 2018 

July 19 (Reuters) - Peabody Energy Corp ::PEABODY INCREASES QUARTERLY DIVIDEND TO $0.125 PER SHARE.PEABODY ENERGY CORP - $0.125 PER SHARE DIVIDEND REFLECTS AN INCREASE OF NEARLY 10 PERCENT OVER LAST QUARTER'S DIVIDEND PER SHARE.  Full Article

Peabody Energy Amends Credit Agreement To Increase Incremental Revolving Facility By $80 Mln
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Peabody Energy Corp ::PEABODY ENERGY - AMENDED CREDIT AGREEMENT TO INCREASE INCREMENTAL REVOLVING FACILITY BY $80 MILLION TO TOTAL COMMITMENTS OF $350 MILLION - SEC FILING.  Full Article

Discovery Capital Management Cuts Stake In Peabody Energy Corp
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Peabody Energy Corp ::DISCOVERY CAPITAL MANAGEMENT LLC CUTS STAKE IN PEABODY ENERGY CORP TO 5.7 PERCENT AS OF DECEMBER 4 FROM A STAKE OF 8.9 PERCENT AS OF AUGUST 23 - SEC FILING.  Full Article

Peabody Completes Sale Of Majority Of Inactive Burton Mine To Lenton Joint Venture
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Peabody Energy Corp ::PEABODY COMPLETES SALE OF MAJORITY OF INACTIVE BURTON MINE TO LENTON JOINT VENTURE.PEABODY ENERGY - ‍IN ADDITION TO RECEIPT OF CASH PROCEEDS FROM SALE, DEAL REDUCES PEABODY'S ASSET RETIREMENT OBLIGATION BY ABOUT $41 MILLION​.  Full Article

Peabody Energy adds incremental revolving credit facility in aggregate principal amount of $270 mln
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Peabody Energy Corp :Peabody Energy - ‍on Nov 17, co entered into amendment No. 2 to credit agreement by and among co, co's units, Goldman Sachs Bank USA, among others.Peabody Energy Corp - ‍ pursuant to amendment, co added an incremental revolving credit facility in aggregate principal amount of $270 million - SEC filing.Peabody Energy Corp - the incremental revolving facility matures on November 17, 2020‍​.Peabody Energy - amendment adds a financial covenant that measures ratio of co's consolidated first lien net debt to amount of co's consolidated EBITDA​.Peabody Energy - incremental revolving facility available for general liquidity purposes; initially intends to utilize it for issuance of letters of credit​.  Full Article

Peabody reports Q3 revenue $1.48 billion
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Peabody Energy Corp :Peabody reports earnings for quarter ended September 30, 2017.Q3 revenue $1.48 billion.Q3 revenue view $1.49 billion -- Thomson Reuters I/B/E/S.Peabody Energy Corp - Qtrly earnings per share attributable to common stockholders $‍1.47​.Peabody Energy - ‍During quarter, generated positive operating cash flow of $239.6 million,paid about $135 million of chapter 11 exit fees and settlement costs​.Peabody Energy Corp - Qtrly EPS from continuing operations $1.49 ‍​.Peabody Energy Corp - Sees FY 2017 U.S. Operations costs per ton ‍​$13.85 – $14.25.Peabody Energy Corp - ‍​Sold 52 million tons in quarter versus 52.8 million tons last year.Peabody Energy Corp - Sees FY 2017 Australia operations - costs per ton ‍​ $51 – $54.Peabody Energy Corp - ‍Continues to believe appropriate level of liquidity is approximately $800 million​.Peabody Energy Corp - Sees FY 2017 total U.S. sales volumes of 151 million short tons - 158 million short tons.Peabody Energy Corp - ‍Is evaluating alternative sources of liquidity to release cash currently tied-up as collateral​.Peabody Energy Corp - Targeting an additional $200 million of debt reduction by December 2018 with a gross debt target of $1.2 billion to $1.4 billion over time​.Peabody - In remainder of 2017, sees modest easing in powder river basin sales volumes, partly offset by continued high level of australian shipments.  Full Article

Peabody to sell majority of Burton mine to Lenton JV
Wednesday, 6 Sep 2017 

Sept 5 (Reuters) - Peabody Energy Corp :Peabody enters into agreement to sell the majority of burton mine to the lenton joint venture.Peabody energy corp entered into an agreement to sell majority of its burton mine and related infrastructure to lenton joint venture for about $11 million.Peabody energy-deal will reduce co's asset retirement obligation by approximately $53 million while also releasing an estimated $30 million of restricted cash.  Full Article

New Hope Corporation says Lenton JV to buy Peabody's Burton coal mine assets
Wednesday, 6 Sep 2017 

Sept 6 (Reuters) - New Hope Corporation Ltd ::Lenton JV agrees to acquire Burton coal mine assets.Lenton joint venture entered agreement with Peabody to acquire 4 mining tenements and their infrastructure for A$14 million.  Full Article

RPT-Vitol invests in coal-to-oil venture as UN shipping fuel rules loom

LONDON, July 18 Energy trader Vitol and coal miner Peabody Energy are partnering with start-up Arq to turn coal waste into a low-sulphur oil product that could be an alternative fuel for shippers as new U.N. pollution rules loom, the companies said in a statement.