ADVFN - Advanced Financial Network.
HOME» NYSE » P » BTU Stock Price » BTU Stock News

Peabody Share News

 Peabody Energy Corp Stock Price
BTU Stock Price
 Peabody Energy Corp Stock Chart
BTU Stock Chart
 Peabody Energy Corp Stock News
BTU Stock News
 Peabody Energy Corp Company Information
BTU Company Information
 Peabody Energy Corp Stock Trades
BTU Stock Trades

Peabody Energy 1Q Net Falls On Charges, Masking Revenue Jump

DOW JONES NEWSWIRES Peabody Energy Corp.'s (BTU) first-quarter earnings fell 2.2% on acquisition-related charges and bad weather, masking a jump in revenue and Australian mining sales. For the year, the coal company lowered its sales outlook, seeing total sales of 235 million to 255 million tons, from its January projection of 245 million to 265 million tons. For the current quarter, the company sees adjusted per-share earnings of 40 cents to 65 cents. Analysts polled by Thomson Reuters recently saw per-share earnings of 59 cents. Investors have fled U.S. coal companies in recent months. With natural gas prices hovering near 10-year lows, power plants are switching from coal, and many analysts believe the shift could be permanent. Increased environmental regulation and rising costs have compounded coal companies' challenges. Demand from China and India remains strong. Peabody, which produces more coal than any other U.S. company, has been aggressively expanding its footprint in Asia. It recently completed its roughly $5.05 billion acquisition of Australia-based coal-mining company Macarthur Coal Ltd. But the company said earlier this year that the Macarthur mines didn't meet industry standards, and warned that first-quarter earnings would be weighed down by the cost of upgrades, as well as production and transport delays caused by flooding in Queensland. For the latest period, Peabody reported earnings of $172.7 million, or 63 cents a share, down from $176.5 million, or 65 cents a share, a year earlier. Excluding items related to the remeasurement of foreign income tax, earnings from continuing operations fell to 67 cents a share from 72 cents. The company had most recently projected adjusted earnings from continuing operations on the low end of 50 cents to 75 cents a share. Revenue increased 17% to $2.04 billion. Analysts polled by Thomson Reuters expected revenue of around $2.09 billion. Global sales edged higher to 61.7 million tons on Australian mining output, thanks in part to the Macarthur acquisition. U.S. mining revenue rose 5.2% to $1.27 billion as revenue per ton increased 7.2%. In Australia, mining revenue jumped 48% to $854.1 million, and revenue per ton jumped 27%. Shares edged higher in premarket trading to $28.74. Through Wednesday's close, the stock is down 14%. -By Kristin Jones; Dow Jones Newswires; 212-416-2208;

Stock News for Peabody (BTU)
11/25/201506:03:14Current Report Filing (8-k)
11/23/201515:23:30Current Report Filing (8-k)
11/23/201506:03:00Current Report Filing (8-k)
11/20/201518:06:00Peabody Energy Enters Into Agreement To Sell New Mexico And Colorado...
11/12/201511:00:033 Dangerous Stocks
11/09/201523:10:00Peabody Agrees to Revise Statements on Climate Change, Regulatory...
11/09/201517:43:27Quarterly Report (10-q)
11/09/201508:19:00Peabody Energy, New York Attorney General Resolve Longstanding...
11/03/201512:05:024 Things Kinder Morgan Inc. Wants You to Know About the Natural...
10/31/201508:00:03Alliance Resource Partners' Earnings Grow in Spite of the Abysmal...
10/30/201515:09:54Why Northern Tier Energy, CONSOL Energy, and Peabody Energy Made...
10/28/201516:06:00Current Report Filing (8-k)
10/27/201517:09:09Peabody Energy's Stock Sinks More Than 20% on Dismal Outlook
10/27/201513:15:03Alliance Resource Partners Finally Starts to Feel a Pinch from...
10/27/201507:09:10Current Report Filing (8-k)
10/27/201507:00:00Peabody Energy Announces Results For The Quarter Ended September...
10/26/201508:15:05Can Alliance Resource Partners Keep Posting Results That Defy...
10/25/201514:15:05Does This "Clean" Idea Breathe New Life into Coal?
10/22/201517:00:00Peabody Energy Board Of Directors Completes Succession Planning...
10/18/201512:23:08Why I Bet The Ranch And Why Peabody Energy Bonds Are Mispriced

Peabody Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations