We believe that everyone deserves access to low-cost electricity, and everyone wants the air to be a bit cleaner every day. Advanced coal-fueled electricity is essential to these twin goals. It's no surprise that coal's market share of U.S. generation has expanded greatly in the past two years, given its role as the most reliable and affordable baseload fuel. During the bitter-cold winter months, coal provided a stunning [...]
Chairman and Chief Executive Officer Gregory H. Boyce was recognized by the World Coal Association (WCA) for global leadership in mining safety. Boyce was honored with the WCA Chairman's Special Award, presented Monday at the World Coal Association board of directors meeting in Canberra, Australia. The honor is a special designation from Dr. Zhang Xiwu, Chairman – World Coal Association and Chairman of Shenhua Group [...]
Peabody Energy today announced that it has begun to solicit consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066 to amend the related indenture. Details regarding the proposed amendments are contained in a Current Report on Form 8-K filed today with the SEC. To adopt the proposed amendments, Peabody must obtain consents from holders of a majority in aggregate principal amount of the [...]
Peabody Energy (NYSE: BTU) today announced that it has entered into a sale and purchase agreement with Singapore-based Bentley Resources to sell its Wilkie Creek Mine in Queensland's Surat Basin for approximately US$70 million in cash and the assumption of rail/port obligations and other liabilities, with closing subject to certain conditions. Wilkie Creek has been closed since December 2013. Peabody Energy is the world's [...]
Peabody Energy announced today that it has extended the term of employment for Chairman and Chief Executive Officer Gregory H. Boyce by six months as the next phase in the company's executive succession planning process. According to Lead Independent Director Robert A. Malone, "We are pleased to put into place this next phase of what we believe to be a model succession process. We appreciate the ongoing veteran [...]
Chairman and Chief Executive Officer Gregory H. Boyce today cited a number of 2013 accomplishments and discussed broad market conditions at the company's annual shareholder's meeting. "2013 was a year of substantial achievement despite market headwinds," Boyce said. "We matched our record safety performance from 2012, increased productivity, reduced costs, lowered capital investments, generated solid cash flow and repaid [...]
Peabody Energy today announced that all 12 members of the board of directors were re-elected at the company's annual meeting of shareholders. Re-elected directors are: Gregory H. Boyce, Chairman and Chief Executive Officer of Peabody Energy; Robert A. Malone, Lead Independent Director, former Executive Vice President, BP plc and former Chairman and President, BP Americas Inc.; William A. Coley, former Chief Executive [...]
The board of directors of Peabody Energy today declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on June 12, 2014, to holders of record on May 22, 2014. 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 serves metallurgical and thermal coal customers in more [...]
A new advertising campaign launched today highlights the vital role that clean coal plays in keeping St. Louis skies blue and energy bills low. The multi-media campaign consists of billboards, bus signage and radio spots and aims to educate St. Louisans on the economic and environmental benefits of today's coal-fueled electricity. The campaign touts "Today's Coal. Blue Skies. Life Empowered." and is sponsored by Peabody [...]
- First quarter revenues of $1.63 billion lead to Adjusted EBITDA of $177 million - Diluted Loss Per Share from Continuing Operations totals $(0.18) with Adjusted Diluted Loss Per Share of $(0.19) - Cost containment actions lead to 4% unit cost reductions in U.S. and Australia - Focus on capital discipline results in lowest capital expenditures in 10 years; Liquidity totals $2.1 billion and cash increases to $508 million [...]
On Thursday, April 24, 2014, Peabody Energy will announce the results for the quarter ended March 31, 2014. A conference call with management is scheduled for 10 a.m. CDT on Thursday, April 24. Participants may access the call using the following phone numbers: U.S. & Canada (800) 230-1766 International (612) 338-9017 The call, replay and other investor data will also be available at
Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce today called on business and energy leaders to solve energy inequality by creating a level of energy access that enables all people everywhere to have the same high standard of living enjoyed in the developed world. "Energy inequality is the blight of energy poverty, limiting access to basic needs like food, water and medicine; stunting education and [...]
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