Welcome to our dedicated page for Peabody Energy news (Ticker: BTU), a resource for investors and traders seeking the latest updates and insights on Peabody Energy stock.
Peabody Energy Corporation (NYSE: BTU) is a coal producer active in bituminous coal and lignite surface mining, supplying metallurgical coal for steelmaking and thermal coal for power generation. The BTU news feed on Stock Titan aggregates company announcements, earnings releases and regulatory disclosures that explain how Peabody’s operations, strategy and governance are evolving over time.
Investors following BTU news will see regular updates on segment performance across Seaborne Thermal, Seaborne Metallurgical, Powder River Basin and Other U.S. Thermal operations. Quarterly results highlight trends in tons sold, revenue per ton, costs per ton and Adjusted EBITDA, along with commentary on factors such as seaborne benchmark pricing, U.S. thermal coal demand, mine development progress and logistics conditions.
Peabody’s news flow also covers strategic and corporate events. Recent releases have discussed development of the Centurion premium hard coking coal mine in Australia’s Bowen Basin, a Powder River Basin rare earth initiative, termination of a planned acquisition of steelmaking coal assets from Anglo American, and related arbitration proceedings. The company has issued statements on U.S. energy policy, including federal actions that affect coal-fueled generation and coal economics.
Governance and capital allocation items are another key component of BTU news. Peabody reports Board appointments, amendments to its by-laws, executive leadership changes and CEO transition planning, as well as recurring dividend declarations and commentary on shareholder return programs. For investors, analysts and industry observers, this news page provides a centralized view of Peabody’s financial performance, project pipeline, policy environment and boardroom decisions, making it a useful resource for tracking developments that may influence the BTU stock and the company’s coal-focused business segments.
On September 29, 2020, Peabody (NYSE: BTU) announced that the U.S. District Court supported the FTC's decision to block its joint venture with Arch Resources for the Powder River Basin and Colorado assets. CEO Glenn Kellow expressed disappointment, emphasizing the competitive landscape against natural gas and renewables. Peabody aims to remain a low-cost coal provider, ensuring reliable and affordable energy for customers. With significant operations across 25 countries, Peabody focuses on sustainability while delivering essential products for electricity and infrastructure.
In its second quarter 2020 results, Peabody (NYSE: BTU) reported revenues of $626.7 million, a significant drop attributed to lower shipment volumes and weak pricing, particularly in its seaborne operations. The net loss attributable to common stockholders was $1.54 billion, translating to a diluted loss per share from continuing operations of $15.76. Adjusted EBITDA was $23.4 million. Challenges included a $1.42 billion impairment on the North Antelope Rochelle Mine and restructuring charges totaling $16.5 million. Despite cash and equivalents of $848.5 million, the outlook remains cautious due to ongoing market uncertainties.
On August 5, 2020, Peabody (NYSE: BTU) will announce its financial results for the quarter ended June 30, 2020. A conference call with management is scheduled for 10 a.m. CDT on the same day. Investors can access the call through various phone numbers depending on their location, including (888) 312-3049 for U.S. and Canada. Peabody is a leading coal producer, serving over 25 countries and focusing on sustainability as part of its strategy.
Peabody (NYSE: BTU) announced the appointment of William "Bill" Champion to its Board of Directors, enhancing its leadership with his extensive operational expertise in the metals and mining sector. Champion previously held executive roles at Rio Tinto PLC and is currently involved with Gladiator Mining Group LLC. Teresa Madden has resigned from the board, with Nick Chirekos taking over as Chair of the Audit Committee. Peabody continues to serve customers globally in coal production, focusing on sustainability in its operations.
Peabody has officially appointed Mark Spurbeck as Executive Vice President and Chief Financial Officer, having previously served as Senior Vice President and Interim CFO since January 2020. With over two decades of experience in accounting and finance, Spurbeck's background includes leadership roles at Coeur Mining and Newmont Mining. Peabody President Glenn Kellow praised Spurbeck’s extensive experience in navigating global complexities. Peabody, listed under BTU, is a leading coal producer operating across six continents, focusing on sustainability and essential energy production.