ST. LOUIS, June 8, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) President and Chief Executive Officer Glenn Kellow today announced plans to reduce approximately 250 corporate and regional positions in coming months to create a leaner organization and lower costs. When fully implemented later this year, these reductions are expected to save $40 million to $45 million per year. "While we regret the impact that these [...]
ST. LOUIS, June 3, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it is reducing metallurgical coal production by approximately 1.5 million tons per year from its North Goonyella Mine in Queensland, Australia. The modified production plan is designed to lower costs, improve cash flows and increase productivity, while preserving high-quality hard-coking coal reserves for sales when markets improve [...]
ST. LOUIS, May 5, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that Allen Capdeboscq has been promoted to Senior Vice President – Corporate Development reporting to Group Executive and Chief Development Officer Christopher J. Hagedorn. Capdeboscq previously served as Vice President – Financial and Capital Planning. The appointment is consistent with Peabody's heightened focus on asset sales [...]
ST. LOUIS, May 5, 2015 /PRNewswire/ -- The board of directors of Peabody Energy (NYSE: BTU) today declared a regular quarterly dividend on its common stock of $0.0025 per share. The dividend is payable on June 9, 2015, to holders of record on May 19, 2015. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining, energy access and clean coal solutions. The company [...]
ST. LOUIS, May 4, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that Glenn Kellow has been elected to the role of President and Chief Executive Officer. Kellow joined Peabody as President and Chief Operating Officer in September 2013, and was named CEO-Elect and added to the board of directors in January 2015. He succeeds Gregory H. Boyce, who remains as Executive Chairman. "The board enthusiastically [...]
ST. LOUIS, May 4, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that all 12 members of its board of directors were elected at the company's annual meeting of shareholders. The Peabody Energy Board of Directors include: Gregory H. Boyce, Executive Chairman, Peabody Energy Glenn L. Kellow, President and Chief Executive Officer, Peabody Energy Robert A. Malone, Lead Independent Director, President and [...]
ST. LOUIS, April 27, 2015 /PRNewswire/ -- At a time when record electricity prices are squeezing families and businesses, Peabody Energy Chairman and Chief Executive Officer Greg Boyce has called on Congress and political leaders to support a five-point plan to help solve the U.S. electricity crisis, put energy policy back on track and accelerate a transition toward a low-carbon economy. "High electricity costs put [...]
- First quarter revenues of $1.54 billion lead to Adjusted EBITDA of $166 million - Diluted Loss Per Share from Continuing Operations and Adjusted Diluted EPS total $(0.62), including $(0.23) related to refinancing the 2016 Senior Notes - Cost reductions largely offset $100 million in lower pricing in the first quarter; Liquidity rises to $2.22 billion - 2015 U.S. volume guidance reduced by 10 million tons; Lowering U.S [...]
ST. LOUIS, April 8, 2015 /PRNewswire/ -- On Thursday, April 23, 2015, Peabody Energy (NYSE: BTU) will announce the results for the quarter ended March 31, 2015. A conference call with management is scheduled for 10 a.m. CDT on Thursday, April 23. Participants may access the call using the following phone numbers: U.S. & Canada (800) 288-8975 International (612) 332-0530 The call, replay and other [...]
ST. LOUIS, March 30, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 expired at 11:59 p.m., New York City time, on March 27, 2015. After the expiration of the early tender period on March 13, 2015, an additional $1,228,000 principal [...]
Peabody Energy announced today that the early tender period for the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 expired at 5:00 p.m., New York City time, on March 13, 2015. Holders of notes that were validly tendered and not validly withdrawn on or prior to 5:00 p.m. on March 13, 2015, received the total [...]
Peabody Energy announced today that it successfully completed its previously announced offering of $1.0 billion aggregate principal amount of 10% senior secured second lien notes due 2022. Peabody will use the net proceeds from the sale of the notes to fund the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 [...]
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