Peabody Energy today called on the Obama Administration to reverse its decision to suspend development funding for FutureGen 2.0, America's first near-zero emissions coal-fueled power plant project that would capture and store carbon dioxide. "It makes no sense to pull the plug on $1 billion committed to America's signature near-zero emissions power project at such a critical time for these investments in technology [...]
Peabody Energy today announced that its Twentymile Mine in Colorado has earned the President's Award for achieving the company's safest U.S. performance for underground operations in 2014. Twentymile achieved a safety record of 1.03 for 2014 with 777,868 hours worked during the year and is being honored for a third consecutive year for outstanding safety performance. Employees at Twentymile helped drive the best global [...]
Peabody Energy today reported full-year 2014 revenues of $6.79 billion, leading to Adjusted EBITDA1 of $814.0 million. Full-year Adjusted EBITDA includes the impact of $26.0 million in fourth quarter charges related to an organizational restructuring program and pension settlements. Including $1.26 per share in charges primarily related to certain valuation allowance adjustments, Diluted Loss Per Share from Continuing [...]
The board of directors of Peabody Energy has declared a quarterly dividend on its common stock of $0.0025 per share. The dividend is payable on Feb. 26, 2015, to holders of record on Feb. 6, 2015. Given market conditions in recent years, Peabody has taken aggressive actions to reduce operating and corporate costs, lower capital spending and complete asset sales to maintain adequate levels of cash and liquidity. Over the [...]
Peabody Energy announced today that President and Chief Operating Officer Glenn L. Kellow has been named President and CEO-Elect and will become Chief Executive Officer, effective May 4, 2015. Current Chairman and Chief Executive Officer Gregory H. Boyce will remain as Executive Chairman of the Board. Kellow has also been named to Peabody's Board of Directors.
Peabody Energy today called on the U.S. Administration to support technology solutions with advanced coal as vital to protecting America's supply of clean, low-cost electricity for families and businesses. In the words of Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce: It's unacceptable that we as a nation would allow growing pain at the plug to replace the pain at the pump that has been recently [...]
On Tuesday, Jan. 27, 2015, Peabody Energy will announce the results for the year ended Dec. 31, 2014. A conference call with management is scheduled for 10 a.m. CST on Tuesday, Jan. 27. Participants may access the call using the following phone numbers: U.S. & Canada: (800) 230-1059, International: (612) 234-9959
Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce has been named CEO of the Year, and the company has been named Energy Company of the Year, at the Global Energy Awards in New York. The annual program recognizes exemplary industry leadership around the world. The Energy Company of the Year award is the program's highest honor, recognizing all-around excellence in executing a total energy strategy. A [...]
Coal-fueled power plants operated by Dynegy Inc. and Southwestern Electric Power Company, a unit of American Electric Power (AEP), were honored for leadership in deploying advanced technologies that deliver ultra-low emissions as part of Peabody Energy's inaugural Advanced Energy for Life "Clean Coal Awards." Presented at the Power-Gen International Awards Banquet in Orlando, Fla., the honors recognize the best [...]
Peabody Energy today announced an agreement to establish a joint venture between Peabody's Wambo Open-Cut Mine and Glencore's United Mine in New South Wales, Australia. The joint venture is expected to deliver significant synergies by improving productivity, lowering costs and extending mine life. The 50-50 joint venture will combine Wambo's Open-Cut mining operations with United's adjacent reserves in the Hunter Valley [...]
Peabody Energy today commended the G20 leaders' communique for its focus on global economic growth, poverty eradication in low-income and developing countries and increased international collaboration on energy policy. Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce said the core themes of the communique, issued after the leaders' summit in Brisbane on Sunday, were closely aligned with the mission [...]
Peabody Energy today applauded the announcement of China and the United States in recognizing the vital role coal plays in the global energy structure by supporting today's clean coal technologies and next-generation carbon capture, utilization and storage technologies (CCUS). The statements of strong support for coal were included in a new agreement announced by the White House and Chinese government in connection with [...]
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