April 29 (Reuters) - Peabody Energy Corp BTU.N :
* PEABODY REPORTS EARNINGS FOR QUARTER ENDED MARCH 31, 2020
* Q1 REVENUE $846.2 MILLION VERSUS $1.25 BILLION
* Q1 LOSS PER SHARE $1.31 FROM CONTINUING OPERATIONS
* SUSPENDING 2020 GUIDANCE GIVEN GLOBAL ECONOMIC UNCERTAINTY
* QTRLY LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $1.33
* PEABODY ENERGY - QTRLY REVENUE REFLECT IMPACT OF LOWER VOLUMES, LARGELY DUE TO CLOSURE OF KAYENTA MINE, CHALLENGED U.S. INDUSTRY CONDITIONS, LOWER PRICING
* PEABODY ENERGY - SOLD MINOR SURPLUS UNDEVELOPED AUSTRALIAN LAND TENEMENTS, CONTRIBUTING TO AN $8.1 MILLION GAIN ON DISPOSALS IN QUARTER
* CASH, CASH EQUIVALENTS AT QUARTER END TOTALED $682.5 MILLION WITH TOTAL LIQUIDITY OF $1.19 BILLION
* PEABODY ENERGY - EARLY ACTIONS FROM COMPREHENSIVE PROGRAM INCLUDE ELIMINATION OF ABOUT 250 POSITIONS IN APRIL IN PRB, INDIANA AND ILLINOIS
* DURING Q1, MADE DECISION TO PAUSE DEBT REDUCTION ACTIVITIES IN LIGHT OF EVOLVING INDUSTRY CONDITIONS
* IN APRIL, COMPANY BORROWED $300 MILLION UNDER ITS $565 MILLION REVOLVING CREDIT FACILITY
* QTRLY TONS SOLD 35.6 MILLION TONS VERSUS 40.5 MILLION TONS
* 2020 CAPITAL EXPENDITURES HAVE BEEN REDUCED TO APPROXIMATELY $235 MILLION
* DURING Q1, PEABODY TOOK ADDITIONAL ACTIONS, ELIMINATING APPROXIMATELY 105 GLOBAL CORPORATE AND SUPPORT POSITIONS
* THERMAL DEMAND FROM NON-POWER SECTORS REMAINS WEAK
* REDUCTION OF ABOUT 215 OPERATIONAL POSITIONS, INCLUDING CONTRACTORS, IN Q1 ACROSS EIGHT MINES IN U.S. AND AUSTRALIA
* PEABODY ENERGY - WITHIN SEABORNE THERMAL SEGMENT, CURRENTLY HAS 3.2 MILLION SHORT TONS OF EXPORT THERMAL COAL PRICED FOR REMAINDER OF YEAR
* PEABODY - U.S. COAL DEMAND HAS BEEN FURTHER PRESSURED BY WEAK TOTAL ELECTRIC POWER SECTOR CONSUMPTION, DEPRESSED POWER PRICES, REDUCED INDUSTRIAL ACTIVITY
* Q1 EARNINGS PER SHARE VIEW $-1.01, REVENUE VIEW $831.0 MILLION -- REFINITIV IBES DATA
* HOLDING COSTS HAVE BEEN REDUCED BY APPROXIMATELY 85 PERCENT TO $5 MILLION PER QUARTER, BEGINNING IN Q3 OF 2020