🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Peabody qtrly revenues increased 29 pct to $1.33 bln

Published 04/05/2017, 08:52 pm
Updated 04/05/2017, 09:00 pm
BRIEF-Peabody qtrly revenues increased 29 pct to $1.33 bln

May 4 (Reuters) - Peabody Energy Corp BTU.N

* Peabody Energy Corp - qtrly revenues increased 29 percent to $1.33 billion

* Peabody Energy - revised full-year financial targets to reflect higher metallurgical coal volumes "even in aftermath of cyclone debbie in Australia"

* Qtrly earnings per share attributable to common stockholders $ 6.57

* Peabody-Expects to use about $275 million - $325 million in cash through the year for chapter 11 exit costs and settlements related to plan of reorganization

* Peabody Energy Corp- liquidity at quarter end totaled $1.07 billion in cash and cash equivalents

* Peabody Energy Corp - within u.s. Policy arena, peabody remains "very encouraged" by priorities and actions from federal administration - sec filing

* Peabody says industry fundamentals "improved" in first quarter of 2017 relative to the prior year both in the united states and asia-pacific regions

* Peabody Energy Corp - "seaborne metallurgical coal demand remained strong in q1"

* Peabody Energy - for fy 2017, projects u.s. Coal consumption from electricity generation to increase about 30 to 40 million tons compared to 2016 levels

* Peabody - metallurgical coal imports in China rose 6 million tons in quarter, due to improved economic growth, 5 percent increase in chinese steel consumption

* Peabody - sees fy total tons sold 180 - 196 million

* Q1 revenue view $1.52 billion -- Thomson Reuters I/B/E/S

* Peabody - peabody's australian thermal coal logistics chain was unaffected by cyclone debbie

* Peabody - recently received approval for wilpinjong extension project from planning assessment commission in new South Wales, Australia Source text - Further company coverage: BTU.N

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.