Second quarter results supported by strong Shoal Creek performance, solid seaborne thermal contributions and lower costs across multiple segments; Highly synergistic PRB/Colorado joint venture aimed at strengthening competitiveness of coal while creating substantial value for customers and shareholders; Share repurchases targeted to accelerate in second half of 2019 Peabody today announced its second quarter 2019 [...]
On Wednesday, July 31, 2019, Peabody will announce results for the quarter ended June 30, 2019. A conference call with management is scheduled for 10 a.m. CDT on Wednesday, July 31. The call, replay and other investor data will be available at PeabodyEnergy.com. Participants may also access the call using the following phone numbers: U.S. and Canada 312-3049 Australia [...]
Peabody today announced it has commenced re-entry of Zone 1 of the North Goonyella Mine in consultation with the Queensland Mine Inspectorate. Activities are part of a comprehensive, phased reventilation and safe re-entry plan for the mine. "Following the reventilation of Zone 1 of the mine, our team is ready to return underground and move us yet one step closer to resuming normal operations," said Peabody Australia [...]
- JV synergies projected to average approximately $120 million per year over initial 10 years, with NPV of approximately $820 million - Optimal combination expected to create one of lowest-cost thermal coal suppliers in U.S. to strengthen competitiveness against natural gas and renewables and create value - JV ownership to be 66.5% Peabody and 33.5% Arch; Peabody to serve as operator - Centerpiece combines two adjacent [...]
Peabody's Derek Launius was named "Reclamationist of the Year" this week by the American Society of Mining and Reclamation for his outstanding accomplishments in the evaluation and application of technology used in land restoration. Launius, a senior environmental engineer at Peabody's Arclar Complex in Illinois, is responsible for land stewardship at Arclar and closed operations in Illinois. Launius coordinated final [...]
Peabody today announced it is proceeding with the ventilation of the first segment of the North Goonyella Mine in consultation with the Queensland Mine Inspectorate as part of a comprehensive phased reventilation and re-entry plan and expected longwall production in 2020. "This marks an important first step in the next phase of activities aimed at resuming normal operations at North Goonyella," said Glenn Kellow, Peabody [...]
ST. LOUIS, May 8, 2019 /PRNewswire/ -- Peabody announced today that its board of directors has declared a quarterly dividend of $0.14 per share on the company's common stock, payable on June 12, 2019 to shareholders of record on May 22, 2019. Today's dividend announcement reflects an increase of $0.01 per share, or approximately 8 percent, over the previous quarter's dividend per share, in recognition of the company's [...]
Peabody earns $133.3 million in income from continuing operations, net of income taxes, $1.15 in diluted earnings per share from continuing operations and $253.9 million in Adjusted EBITDA, with the seaborne thermal segment leading the company in Adjusted EBITDA margins of 38 percent; Newly acquired Shoal Creek Mine's first quarter operating cash flows imply a less than two-year payback period; Lowering 2019 capital [...]
On Wednesday May 1, 2019, Peabody will announce results for the quarter ended March 31, 2019. A conference call with management is scheduled for 10 a.m. CDT on Wednesday, May 1. The call, replay and other investor data will be available at PeabodyEnergy.com. Participants may also access the call using the following phone numbers: U.S. and Canada 312-3049 Australia 1800 849 976 United Kingdom [...]
Peabody today released initial learnings from the North Goonyella mine fire that began in the third quarter of 2018. Learnings are based on the company's comprehensive review of the events surrounding the incident, which included the mine general manager's required investigation report prepared in accordance with Section 201 of the Queensland Coal Mining Safety and Health Act of 1999. "When the serious incident at North [...]
Peabody announced today that its board of directors has declared a supplemental dividend of $1.85 per share, payable on March 20, 2019 to holders of record on March 12, 2019. The total amount of the supplemental dividend payment will be approximately $200 million based on the current number of shares outstanding and will be funded through existing cash balances. "Peabody's supplemental dividend demonstrates strong [...]
Peabody today announced that Andrea Bertone has been appointed as a member of the company's Board of Directors. Bertone is the former President of Duke Energy International. "We welcome Ms. Bertone to the Board of Directors. She is an accomplished leader with extensive experience both in operations and in the energy industry," said Peabody Chairman of the Board Robert A. Malone. "Her appointment strengthens the breadth [...]
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