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Peabody reports 2Q21 results

Peabody reports 2Q21 results
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Peabody Reports Results For Quarter Ended March 31, 2021


Peabody Reports Results For Quarter Ended March 31, 2021
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ST. LOUIS, April 29, 2021 /PRNewswire/ Peabody (NYSE: BTU) today announced its first quarter 2021 operating results, including revenues of $651.3 million; loss from continuing operations, net of income taxes of $77.7 million; net loss attributable to common stockholders of $80.1 million; diluted loss per share from continuing operations of $0.79; and Adjusted EBITDA
1 of $61.1 million. 
While economies across the globe are in varying stages of recovery from the ongoing pandemic, I m pleased to note that operational and productivity improvements continue to take hold across the company, said Peabody President and Chief Executive Officer Glenn Kellow.  In addition, we successfully completed our refinancing activities and subsequently repaid a portion of our long-term debt.  Looking ahead, we remain focused on further improving our seaborne ....

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Coal Producers Affirm U.S. Carbon Emissions From Electricity Will Keep Declining


Coal Producers Affirm U.S. Carbon Emissions From Electricity Will Keep Declining
When it comes to carbon emissions coal is king, even though it’s been over 10 years since coal abdicated its throne as the primary source of electricity in the United States. In 2020, coal accounted for under 1/4th of electricity generation less than the combined total of renewables and nuclear generation yet is responsible for the majority of carbon emissions.
Carbon emissions from the U.S. electric sector have been on a downward trajectory for more than a decade. The reason behind this trajectory is straightforward. The U.S. electric sector has been burning less coal every single year. So much so that carbon emissions from coal in the U.S. electricity sector are more than 50% lower today than just a decade ago. This is a result of the declining economics of coal power plants due to low natural gas prices, increasing numbers of low-cost renewable plants, and more stringent environmental re ....

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Wyoming Coal Producer Reaches $1.5B Deal with Creditors | Big Horn Radio Network


Written by Associated Press on December 29, 2020
GILLETTE, Wyo. (AP) A St. Louis-based energy company and the largest thermal coal producer in the Powder River Basin has announced an agreement with its creditors to refinance $459 million of debt, potentially staving off a second bankruptcy in five years.
The agreement by Peabody Energy Corp. includes all of its revolving lenders and about 65% of its 6% senior secured notes due in 2022, the Gillette News Record reported Monday.
The creditors have agreed to extend the 2022 notes another two years, officials said. Credit lenders also have agreed to convert existing debt into a new loan also due in December 2024. ....

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