Nov 9 (Reuters) - Peabody Energy Corp BTU.N :
* PEABODY REPORTS EARNINGS FOR QUARTER ENDED SEPTEMBER 30, 2020
* Q3 REVENUE $671 MILLION VERSUS REFINITIV IBES ESTIMATE OF $690.6 MILLION
* Q3 LOSS PER SHARE $0.66 FROM CONTINUING OPERATIONS
* Q3 EARNINGS PER SHARE ESTIMATE $-0.92 -- REFINITIV IBES DATA
* QTRLY TONS SOLD 34.7 MILLION TONS VERSUS 44.8 MILLION TONS SOLD LAST YEAR
* Q4 SEABORNE VOLUMES EXPECTED TO IMPROVE MODESTLY
* WILL POST $75 MILLION OF COLLATERAL AND PROVIDE SECOND LIENS ON $200 MILLION OF CERTAIN MINING EQUIPMENT FOR BENEFIT OF SURETY PROVIDERS
* WILL POST AN ADDITIONAL $25 MILLION OF COLLATERAL PER YEAR THROUGH 2025 FOR BENEFIT OF SURETY PROVIDERS
* Q4 U.S. THERMAL VOLUMES ARE EXPECTED TO DECLINE SLIGHTLY COMPARED TO Q3
* SURETY PROVIDERS HAVE AGREED TO A STANDSTILL THROUGH EARLIER OF DECEMBER 2025 OR MATURITY DATE OF COMPANY'S CREDIT AGREEMENT
* PEABODY ENERGY - PROBABLE THAT Q4 RESULTS WILL NOT BE SUFFICIENT TO MEET MINIMUM REQUIRED NET LEVERAGE RATIO AS DEFINED UNDER REVOLVING CREDIT DEAL
* SURETY STANDSTILL IS CONTINGENT UPON CO COMPLETING A DEAL WITH REVOLVING CREDIT LENDERS AND 2022 NOTEHOLDERS BY DEC. 31, 2020
* IN Q4 SEABORNE MET COSTS ANTICIPATED TO RISE PRIMARILY DUE TO PLANNED LONGWALL MOVE AT METROPOLITAN AND CHANGES IN PRODUCT MIX
* Q4 SEABORNE THERMAL COSTS EXPECTED TO BE LARGELY IN LINE WITH Q3
* PRODUCTION AT SHOAL CREEK EXPECTED TO BE SUSPENDED FOR NEXT SEVERAL MONTH
* CURRENT 2021 MARKET EXPECTATIONS REFLECT IMPROVEMENT IN SEABORNE COAL DEMAND AS ECONOMIES CONTINUE TO RECOVER FROM COVID-19