Key Developments: Peabody Energy Corp (BTU)
16.82USD
18 Jun 2013
$0.02 (+0.12%)
$16.80
$16.76
$17.12
$16.63
9,549,826
7,942,537
$29.84
$16.42
Latest Key Developments (Source: Significant Developments)
Peabody Energy Corp Declares Dividend Of $0.085 Per Share
Peabody Energy Corp announced that it has 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. Full Article
Peabody Energy Corp Issues Q2 2013 Earnings Guidance In Line With Analysts' Estimates-Conference Call
Peabody Energy Corp announced that for second quarter of 2013, it expects adjusted EBITDA of $240 million to $300 million and adjusted diluted loss per share of $0.25 to earnings per share of $0.01. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $282 million and EPS of $(0.03) for second quarter of 2013. Full Article
Peabody Energy Corp Issues Q1 2013 Earnings Guidance In Line With Analysts' Estimates
Peabody Energy Corp announced that it is targeting first quarter 2013 Adjusted EBITDA of $200 million to $270 million and Adjusted Diluted Loss Per Share (EPS) of ($0.26) to ($0.04). Targets reflect expectations of higher Australian costs related to the timing of additional overburden removal and startup costs associated with the transition to owner operator; lower realized metallurgical coal pricing; and lower U.S. sales and pricing. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $259 million and EPS of ($0.09) for the first quarter of 2013. Full Article
Peabody Energy Corp Declares Dividend Of $0.085 Per Share
Peabody Energy Corp announced that it declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on February 28, 2013, to holders of record on February 7, 2013. Full Article
Patriot Coal Corp's Miners Sue Peabody Energy Corp, Arch Coal Inc-Reuters
Reuters reported that Peabody Energy Corp and Arch Coal Inc are being sued by mine workers who content that the companies have an obligation to pay pension and health care benefits that were transferred to Patriot Coal in a 2007 spinoff. Eight mine workers and their union, the United Mine Workers of America, are seeking class action status in a lawsuit filed on October 24, 2012 in federal court in West Virginia. The roughly 10,000 union members whose benefits were transferred in the spinoff are worried that Patriot, in Chapter 11 bankruptcy, will try to take advantage of laws allowing bankrupt companies to cut retiree health care and pensions. Some of the workers whose benefits were transferred retired before the spinoff and never actually worked for Patriot. A spokeswoman for Arch declined to comment on Wednesday. The lawsuit was filed in West Virginia, home to most of Patriot's operations. The union has said it wants Patriot's bankruptcy to play out in West Virginia where its members would have more of a voice. Full Article
Peabody Energy Corp Declares Dividend Of $0.085 Per Share
Peabody Energy Corp announced that declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on November 23, 2012, to holders of record on November 1, 2012. Full Article
Peabody Energy Corp To Develop Mongolia Coalmine-Reuters
Reuters reported that the state owned developer of Tavan Tolgoi coal deposit in Mongolia has invited U.S. miner Peabody Energy Corp to help build infrastructure at the project ahead of a much-delayed bidding process. Full Article
Peabody Energy Corp Reaffirms Q3 2012 EBITDA Guidance-Conference Call
Peabody Energy Corp. announced that for third quarter of 2012, it expects adjusted EBITDA in the range of $350-$450 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $405 million for third quarter of 2012. Full Article
Peabody Energy Corp. Issues Q3 2012 Earnings Guidance Below Analysts' Estimates
Peabody Energy Corp. announced that for third quarter of 2012, it expects adjusted EBITDA in the range of $350 to $450 million and adjusted diluted earnings per share (EPS) in the range of $0.20 to $0.45. According to I/B/E/S estimates, analysts were expecting the Company to report EBITDA of $530 million and EPS of $0.65 for third quarter of 2012. Full Article
Peabody Energy Corp. Declares Dividend Of $0.085 Per Share
Peabody Energy Corp. announced that it has declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on Aug. 21, 2012, to holders of record on July 31, 2012. Full Article
Insight: Miner's union charts new course to save benefits in bankruptcy
- As mineworkers and retirees battle to salvage their pensions and benefits from the bankruptcy of Patriot Coal Corp, lawyers for their union are trying an unusual gambit - and one that may be a test case for workers' rights when companies spin off assets.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
