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BRIEF-Peabody Energy Reports Q1 Loss Per Share $0.79 From Continuing Operations

Published 29/04/2021, 10:27 pm
© Reuters.

April 29 (Reuters) - Peabody Energy Corp BTU.N :

* QTRLY LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS $0.81 (REMOVES EXTRANEOUS NUMBER)

* PEABODY REPORTS RESULTS FOR QUARTER ENDED MARCH 31, 2021

* Q1 REVENUE $651.3 MILLION VERSUS $846.2 MILLION

* Q1 LOSS PER SHARE $0.79 FROM CONTINUING OPERATIONS

* REMAIN FOCUSED ON FURTHER IMPROVING SEABORNE METALLURGICAL COST STRUCTURE

* PEABODY ENERGY - DISCUSSIONS ARE ONGOING WITH CUSTOMERS AND WORKFORCE, METROPOLITAN FULL WORKFORCE WILL RETURN TO MINE IN EARLY MAY

* QTLY TONS SOLD 30.2 MILLION VERSUS 35.6 MILLION SOLD LAST YEAR

* PEABODY ENERGY - SEES PRB AND OTHER U.S. THERMAL COSTS PER TON TO BE LARGELY IN LINE WITH 2020 LEVELS

* ANTICIPATES PRB AND OTHER U.S. THERMAL COSTS PER TON TO BE LARGELY IN LINE WITH 2020 LEVELS

* PREVIOUS SG&A EXPENSE GUIDANCE HAS BEEN REVISED DOWN $5 MILLION TO $85 MILLION FOR FY2021

* Q2 RESULTS ARE EXPECTED TO BE LARGELY IN LINE WITH Q1 BASED ON CURRENT PRICING LEVELS

* Q1 EARNINGS PER SHARE VIEW $-0.80, REVENUE VIEW $667.3 MILLION -- REFINITIV IBES DATA

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