Peabody today announced it has commenced re-entry of Zone 1 of the North Goonyella Mine in consultation with the Queensland Mine Inspectorate. Activities are part of a comprehensive, phased reventilation and safe re-entry plan for the mine. "Following the reventilation of Zone 1 of the mine, our team is ready to return underground and move us yet [...]
- JV synergies projected to average approximately $120 million per year over initial 10 years, with NPV of approximately $820 million - Optimal combination expected to create one of lowest-cost thermal coal suppliers in U.S. to strengthen competitiveness against natural gas and renewables and create value - JV ownership to be 66.5% Peabody and [...]
Peabody's Derek Launius was named "Reclamationist of the Year" this week by the American Society of Mining and Reclamation for his outstanding accomplishments in the evaluation and application of technology used in land restoration. Launius, a senior environmental engineer at Peabody's Arclar Complex in Illinois, is responsible for land stewardship [...]
Peabody today announced it is proceeding with the ventilation of the first segment of the North Goonyella Mine in consultation with the Queensland Mine Inspectorate as part of a comprehensive phased reventilation and re-entry plan and expected longwall production in 2020. "This marks an important first step in the next phase of activities aimed at [...]
ST. LOUIS, May 8, 2019 /PRNewswire/ -- Peabody announced today that its board of directors has declared a quarterly dividend of $0.14 per share on the company's common stock, payable on June 12, 2019 to shareholders of record on May 22, 2019. Today's dividend announcement reflects an increase of $0.01 per share, or approximately 8 percent, over the [...]
Peabody earns $133.3 million in income from continuing operations, net of income taxes, $1.15 in diluted earnings per share from continuing operations and $253.9 million in Adjusted EBITDA, with the seaborne thermal segment leading the company in Adjusted EBITDA margins of 38 percent; Newly acquired Shoal Creek Mine's first quarter operating cash [...]
On Wednesday May 1, 2019, Peabody will announce results for the quarter ended March 31, 2019. A conference call with management is scheduled for 10 a.m. CDT on Wednesday, May 1. The call, replay and other investor data will be available at PeabodyEnergy.com. Participants may also access the call using the following phone numbers: U.S. and Canada [...]
Peabody today released initial learnings from the North Goonyella mine fire that began in the third quarter of 2018. Learnings are based on the company's comprehensive review of the events surrounding the incident, which included the mine general manager's required investigation report prepared in accordance with Section 201 of the Queensland Coal [...]
Peabody announced today that its board of directors has declared a supplemental dividend of $1.85 per share, payable on March 20, 2019 to holders of record on March 12, 2019. The total amount of the supplemental dividend payment will be approximately $200 million based on the current number of shares outstanding and will be funded through [...]
Peabody today announced that Andrea Bertone has been appointed as a member of the company's Board of Directors. Bertone is the former President of Duke Energy International. "We welcome Ms. Bertone to the Board of Directors. She is an accomplished leader with extensive experience both in operations and in the energy industry," said Peabody [...]
Seaborne coal segments continue to drive Peabody performance and investments; Peabody earns $233.5 million in income from continuing operations net of income taxes, $1.97 in diluted earnings per share from continuing operations and $273.7 million in Adjusted EBITDA in the fourth quarter; Seaborne thermal segment delivers over 40% Adjusted EBITDA [...]
On Wednesday, Feb. 6, 2019, Peabody will announce results for the quarter and year ended Dec. 31, 2018. A conference call with management is scheduled for 10 a.m. CST on Wednesday, Feb. 6. The call, replay and other investor data will be available at PeabodyEnergy.com. Participants may also access the call using the following phone numbers [...]