Peabody is pleased with today's ruling by the Eighth Circuit Bankruptcy Appellate Panel. The court said that Peabody was obligated to make payments (that have been consistently paid) until such time as a new labor agreement was approved between Patriot and the UMWA. The Panel did not rule on how Peabody's level of funding would be determined with this new agreement in place: "We are not concerned with, and express no [...]
Peabody Energy today announced that Heather A. Wilson has been appointed as a member of the company's Board of Directors. Wilson currently serves as President of the South Dakota School of Mines and Technology and is a former member of the U.S. House of Representatives. "Dr. Wilson is an exceptional leader with a broad perspective on energy, mining and global affairs, who leads an institution that is bringing forth the [...]
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 Aug. 29, 2013, to holders of record on Aug. 8, 2013. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries [...]
ST. LOUIS, July 23, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today reported second quarter 2013 revenues of $1.73 billion, resulting in Adjusted EBITDA of $254.3 million compared with $450.1 million in the prior year. Second quarter Adjusted EBITDA includes the impact of $32.5 million in charges relating to a $20.6 million court judgment and a $11.9 million voluntary employee separation program in the United [...]
On Tuesday, July 23, 2013, Peabody Energy will announce the results for the quarter ended June 30, 2013. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, July 23, 2013. Participants may access the call using the following phone numbers: U.S. & Canada (800) 230-1074 International (612) 234-9959.
Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce today praised China's leadership for taking steps to accelerate the use of emissions control technologies across the nation's expanding industrial sector while increasing the coal use that has fueled the nation's stunning economic development. China's State Council recently announced new measures to address urban air quality through rapid upgrades to [...]
Peabody agrees with President Obama that greater use of clean coal is essential. We also support his proposals to increase deployment of higher-efficiency generation; expand research in carbon capture, use and storage technologies; and advance coal generation in poor nations. We would go further and say that all nations need the clean, reliable, low-cost electricity that coal-fueled generation provides. Such [...]
Today, the bankruptcy court ruled on Patriot Coal's motion to terminate its collective bargaining agreement with the UMWA. The court also addressed Patriot's request to modify its agreement with Peabody regarding retiree benefits. In its order, the court fully agreed with Peabody's contractual position. Peabody will continue to meet its obligations, as affirmed by today's rulings.
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 4, 2013, to holders of record on May 14, 2013. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries [...]
Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce announced at the company's annual shareholders meeting that Peabody demonstrated strength and flexibility in responding to challenging market conditions in 2012. Held in Gillette, Wyo., the meeting emphasized Peabody's leading position in the largest and lowest-cost U.S. coal region – Wyoming's Southern Powder River Basin. In 2012, Peabody shipped [...]
Peabody Energy (NYSE: BTU) today announced that all 10 nominated members of the board of directors were re-elected for one-year terms at the company's annual meeting of shareholders. Re-elected directors are: Gregory H. Boyce, Chairman and Chief Executive Officer of Peabody Energy; William A. Coley, former Chief Executive Officer and Director of British Energy Group plc; William E. James, Managing General Partner of [...]
Peabody Energy (NYSE: BTU) today reported first quarter 2013 revenues of $1.75 billion, leading to Adjusted EBITDA of $280.1 million. Loss from Continuing Operations totaled ($10.3 million) with Diluted and Adjusted Diluted Loss Per Share from Continuing Operations of ($0.05). "Peabody's first quarter results reflect the success of strong cost containment programs across the global platform," said Peabody Energy Chairman [...]
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