Edition:
United Kingdom

Peabody Energy Corp Reports Q4 EPS Attributable To Common Stockholders Of $2.20


Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Peabody Energy Corp ::PEABODY REPORTS EARNINGS FOR QUARTER AND YEAR ENDED DECEMBER 31, 2018.Q4 REVENUE $1.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.49 BILLION.QTRLY EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS $2.20.TARGETING 2019 SALES OF 2.5 MILLION TONS FROM HIGH-MARGIN SHOAL CREEK MINE.QTRLY DILUTED EPS FROM CONTINUING OPERATIONS $1.97.SOLD 46.2 MILLION TONS IN QUARTER VERSUS 49.8 MILLION TONS REPORTED LAST YEAR.PEABODY ENERGY - PACE OF U.S. COAL-FUELED POWER PLANT RETIREMENTS IS EXPECTED TO "SUBSTANTIALLY EASE" IN 2019.TARGETING TO SELL BETWEEN 11.5 MILLION AND 12.5 MILLION TONS OF EXPORT THERMAL COAL IN 2019.SEABORNE METALLURGICAL COAL SUPPLY/DEMAND BALANCE REMAINS FAVORABLE.UNITED WAMBO JOINT VENTURE IS EXPECTED TO COMMENCE PRODUCTION IN EARLY 2020."MAINTAINING ITS LIQUIDITY TARGET OF $800 MILLION AS WELL AS ITS GROSS DEBT TARGET OF $1.2 BILLION TO $1.4 BILLION".PEABODY - TARGETING HIGHER METALLURGICAL COAL VOLUMES BEGINNING IN 2020 WITH PLANNED RETURN TO NORMAL MINING ACTIVITIES AT NORTH GOONYELLA EARLY 2020.CONTINUES TO EVALUATE ALL INTERNAL AND EXTERNAL INVESTMENT OPPORTUNITIES.PEABODY IS TARGETING 2019 CAPITAL INVESTMENTS OF $375 MILLION TO $425 MILLION..PEABODY - IN 2019, EXPECTS SHOAL CREEK MINE TO SHIP ABOUT 2.5 MILLION SHORT TONS OF HIGH-VOL A METALLURGICAL COAL TO ASIAN, ATLANTIC STEEL CUSTOMERS.HAS MORE THAN $400 MILLION REMAINING UNDER CURRENT SHARE BUYBACK PROGRAM, WHICH IT INTENDS TO CONTINUE TO EXECUTE UPON IN 2019.