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United States

Peabody Energy Corp (BTU.N)

BTU.N on New York Stock Exchange

46.00USD
22 Jun 2018
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$0.33 (+0.72%)
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Latest Key Developments (Source: Significant Developments)

Peabody Q1 Earnings Per Share $0.83 From Continuing Operations
Wednesday, 25 Apr 2018 07:59am EDT 

April 25 (Reuters) - Peabody Energy Corp ::PEABODY REPORTS EARNINGS FOR QUARTER ENDED MARCH 31, 2018.Q1 REVENUE $1.46 BILLION.Q1 EARNINGS PER SHARE $0.83 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE VIEW $-9.55 -- THOMSON REUTERS I/B/E/S.CONFIRMS FINANCIAL TARGETS FOR 2018.ACCELERATES SHARE REPURCHASES AND EXPANDS PROGRAM SIZE TO $1.0 BILLION.PEABODY CONFIRMS FINANCIAL TARGETS FOR 2018.Q2 AUSTRALIAN THERMAL VOLUMES EXPECTED TO INCREASE SEQUENTIALLY THROUGHOUT YEAR, UNIT COSTS EXPECTED TO IMPROVE.Q2 METALLURGICAL COSTS ARE EXPECTED TO DECLINE VERSUS Q1.QTRLY TONS SOLD 48.3 MILLION TONS VERSUS 46.1 MILLION TONS.PEABODY ENERGY - QTRLY EPS ATTRIBUTABLE TO COMMON STOCKHOLDERS $0.82.IN U.S., PEABODY EXPECTS TRADITIONAL LOWER SHOULDER SEASON PRB VOLUMES IN Q2, COMPARED WITH Q1.PEABODY ENERGY - SEABORNE THERMAL AND METALLURGICAL COAL PRICING "REMAINED ROBUST" ON SOLID ASIAN-PACIFIC DEMAND IN QUARTER.  Full Article

Peabody Reduces Interest Rate And Extends Maturity Of Term Loan
Monday, 9 Apr 2018 04:29pm EDT 

April 9 (Reuters) - Peabody Energy Corp ::PEABODY REDUCES INTEREST RATE AND EXTENDS MATURITY OF TERM LOAN.AMENDMENT PROVIDES FOR EXTENSION OF MATURITY OF TERM LOAN BY THREE YEARS TO 2025.SENIOR SECURED TERM LOAN WOULD NOW BEAR INTEREST AT A RATE OF LIBOR PLUS 2.75 PERCENT, REFLECTING A REDUCTION OF 75 BASIS POINTS.UPON CLOSING, CO PLANS TO REPAY ABOUT $46 MILLION OF ITS TERM LOAN, WHICH WOULD BRING TOTAL OUTSTANDING TERM LOAN BALANCE TO $400 MILLION.PEABODY ENERGY CORP - COMPANY'S STATED LONG-TERM GROSS DEBT TARGET IS $1.2 BILLION TO $1.4 BILLION.CERTAIN TERMS WILL ALSO BE MODIFIED, INCLUDING ELIMINATION OF CAPEX COVENANT UNDER TERM LOAN AND REVOLVING CREDIT FACILITY.EXPECTS ADDITIONAL DEBT REPAYMENT, INTEREST RATE REDUCTION TO GENERATE ANNUAL CASH INTEREST SAVINGS OF ABOUT $5 MILLION ON PRO FORMA BASIS.  Full Article

Peabody Declares Quarterly Dividend Of $0.115 Per Share
Wednesday, 7 Feb 2018 07:58am EST 

Feb 7 (Reuters) - Peabody Energy Corp ::DIVIDEND INITIATED BY PEABODY BOARD OF DIRECTORS, DEMONSTRATING STRONG FINANCIAL POSITION, CASH FLOW GENERATION POTENTIAL AND COMMITMENT TO SHAREHOLDER RETURNS.PEABODY ENERGY CORP - BOARD OF DIRECTORS HAS DECLARED A QUARTERLY DIVIDEND OF $0.115 PER SHARE ON COMPANY'S COMMON STOCK.PEABODY ENERGY CORP - ‍BOARD WILL EVALUATE DIVIDENDS ON A QUARTERLY BASIS​.  Full Article

Elliott Management Says Owns Combined Economic Exposure Of About 27 Pct In Peabody Energy
Friday, 2 Feb 2018 05:43pm EST 

Feb 2 (Reuters) - Peabody Energy Corp ::ELLIOTT MANAGEMENT SAYS IT OWNS COMBINED ECONOMIC EXPOSURE OF ABOUT 27% OF SHARES OF COMMON STOCK IN PEABODY ENERGY AS OF JAN 31, 2018 - SEC FILING.ELLIOTT MANAGEMENT SAYS HAD PREVIOUSLY OWNS COMBINED ECONOMIC EXPOSURE OF 30.9% OF SHARES OF COMMON STOCK IN PEABODY ENERGY AS OF APRIL 18, 2017.  Full Article

All Peabody Preferred Shares Convert To Common Stock After Exceeding Targeted Share Price Threshold
Wednesday, 31 Jan 2018 05:05pm EST 

Jan 31 (Reuters) - Peabody Energy Corp ::ALL PEABODY PREFERRED SHARES CONVERT TO COMMON STOCK AFTER EXCEEDING TARGETED SHARE PRICE THRESHOLD.PEABODY ENERGY CORP - CONVERSION WAS EFFECTIVE AT 5:00 P.M., NEW YORK CITY TIME, ON JAN 31.  Full Article

Peabody Energy Amends Credit Agreement To Increase Incremental Revolving Facility By $80 Mln
Tuesday, 19 Dec 2017 06:52am EST 

Dec 19 (Reuters) - Peabody Energy Corp ::PEABODY ENERGY - AMENDED CREDIT AGREEMENT TO INCREASE INCREMENTAL REVOLVING FACILITY BY $80 MILLION TO TOTAL COMMITMENTS OF $350 MILLION - SEC FILING.  Full Article

Discovery Capital Management Cuts Stake In Peabody Energy Corp
Wednesday, 6 Dec 2017 05:07pm EST 

Dec 6 (Reuters) - Peabody Energy Corp ::DISCOVERY CAPITAL MANAGEMENT LLC CUTS STAKE IN PEABODY ENERGY CORP TO 5.7 PERCENT AS OF DECEMBER 4 FROM A STAKE OF 8.9 PERCENT AS OF AUGUST 23 - SEC FILING.  Full Article

Peabody Completes Sale Of Majority Of Inactive Burton Mine To Lenton Joint Venture
Monday, 27 Nov 2017 07:59am EST 

Nov 27 (Reuters) - Peabody Energy Corp ::PEABODY COMPLETES SALE OF MAJORITY OF INACTIVE BURTON MINE TO LENTON JOINT VENTURE.PEABODY ENERGY - ‍IN ADDITION TO RECEIPT OF CASH PROCEEDS FROM SALE, DEAL REDUCES PEABODY'S ASSET RETIREMENT OBLIGATION BY ABOUT $41 MILLION​.  Full Article

Peabody Energy adds incremental revolving credit facility in aggregate principal amount of $270 mln
Monday, 20 Nov 2017 07:22am EST 

Nov 20 (Reuters) - Peabody Energy Corp :Peabody Energy - ‍on Nov 17, co entered into amendment No. 2 to credit agreement by and among co, co's units, Goldman Sachs Bank USA, among others.Peabody Energy Corp - ‍ pursuant to amendment, co added an incremental revolving credit facility in aggregate principal amount of $270 million - SEC filing.Peabody Energy Corp - the incremental revolving facility matures on November 17, 2020‍​.Peabody Energy - amendment adds a financial covenant that measures ratio of co's consolidated first lien net debt to amount of co's consolidated EBITDA​.Peabody Energy - incremental revolving facility available for general liquidity purposes; initially intends to utilize it for issuance of letters of credit​.  Full Article

Peabody reports Q3 revenue $1.48 billion
Wednesday, 25 Oct 2017 08:00am EDT 

Oct 25 (Reuters) - Peabody Energy Corp :Peabody reports earnings for quarter ended September 30, 2017.Q3 revenue $1.48 billion.Q3 revenue view $1.49 billion -- Thomson Reuters I/B/E/S.Peabody Energy Corp - Qtrly earnings per share attributable to common stockholders $‍1.47​.Peabody Energy - ‍During quarter, generated positive operating cash flow of $239.6 million,paid about $135 million of chapter 11 exit fees and settlement costs​.Peabody Energy Corp - Qtrly EPS from continuing operations $1.49 ‍​.Peabody Energy Corp - Sees FY 2017 U.S. Operations costs per ton ‍​$13.85 – $14.25.Peabody Energy Corp - ‍​Sold 52 million tons in quarter versus 52.8 million tons last year.Peabody Energy Corp - Sees FY 2017 Australia operations - costs per ton ‍​ $51 – $54.Peabody Energy Corp - ‍Continues to believe appropriate level of liquidity is approximately $800 million​.Peabody Energy Corp - Sees FY 2017 total U.S. sales volumes of 151 million short tons - 158 million short tons.Peabody Energy Corp - ‍Is evaluating alternative sources of liquidity to release cash currently tied-up as collateral​.Peabody Energy Corp - Targeting an additional $200 million of debt reduction by December 2018 with a gross debt target of $1.2 billion to $1.4 billion over time​.Peabody - In remainder of 2017, sees modest easing in powder river basin sales volumes, partly offset by continued high level of australian shipments.  Full Article

BRIEF-Peabody Declares Quarterly Dividend Of $0.115 Per Share

* PEABODY DECLARES QUARTERLY DIVIDEND OF $0.115 PER SHARE Source text for Eikon: Further company coverage: