Press Releases
Month Year
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Month Year
Su | Mo | Tu | We | Th | Fr | Sa |
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Oct 29, 2019Third quarter results reflect previously announced effects of pricing, shipments and Middlemount performance; Quarter highlighted by multi-year low PRB cost performance; Anticipating conclusion of FTC review of PRB/Colorado JV in first half of 2020; Advancing preferred path to access substantial North Goonyella reserves; Taking steps to streamline organization, reset operational performance and strengthen portfolio
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Jul 31, 2019Second quarter results supported by strong Shoal Creek performance, solid seaborne thermal contributions and lower costs across multiple segments; Highly synergistic PRB/Colorado joint venture aimed at strengthening competitiveness of coal while creating substantial value for customers and shareholders; Share repurchases targeted to accelerate in second half of 2019
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Jun 19, 2019- JV synergies projected to average approximately $120 million per year over initial 10 years, with NPV of approximately $820 million
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May 1, 2019Peabody 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 flows imply a less than two-year payback period; Lowering 2019 capital expenditure guidance range to $350 million to $375 million; Peabody returns $313 million in cash to shareholders in first quarter, bringing total shareholder returns to $1.42 billion since mid-2017.
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Feb 6, 2019Seaborne 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 margins in fourth quarter and full year; Targeting 2019 sales of ~2.5 million tons from high-margin Shoal Creek Mine; Base case for North Goonyella Mine restart targets modest sales in 2019 and longwall production of ~2 million tons in 2020.
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Oct 30, 2018Third quarter performance reflects underlying strength of global platform amid events at North Goonyella Mine; Operating results led by Australian thermal segment; Largest quarter of share repurchases brings current buyback program to $875 million; Buybacks reaffirmed and authorization expanded to $1.5 billion; Shoal Creek acquisition to add 2 million tons or more of seaborne hard coking coal capacity per year
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Oct 11, 2018
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Oct 3, 2018
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Oct 2, 2018
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Sep 28, 2018
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Sep 28, 2018
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Sep 27, 2018
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Sep 25, 2018
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Sep 19, 2018
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Jul 24, 2018Robust margins from Australian platform drive continued strong earnings and cash flows; High level of repurchases brings July year-to-date cash returned to shareholders to over $425 million; Company liberates all remaining cash collateral supporting reclamation obligations; Peabody increases dividend to $0.125 per share.
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Apr 25, 2018First quarter results reflect substantial cash flow generation; Company accelerates share repurchases and expands program size to $1.0 billion; Peabody confirms financial targets for 2018
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Feb 7, 2018Continued strong operational performance leads to year-end unrestricted cash levels of $1.01 billion; Company completes additional $200 million of debt reduction and $107 million of share buybacks in quarter; Peabody achieves additional milestone in shareholder returns by initiating quarterly dividend; New revolver upsized to $350 million and Australian surety bond capacity initiated; $175 million in restricted cash released; Capital structure simplified as preferred shares fully converted to common stock in late January 2018.
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Nov 13, 2017
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Oct 25, 2017Peabody's diversified platform delivers strongest mining performance since 2012; Company delivers on 2017 deleveraging targets ahead of schedule and executes on share repurchases; Voluntary debt repayment and term loan amendment reduce annual fixed charges and provide flexibility for additional shareholder returns.
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Aug 1, 2017Australian and U.S. mining contributions rise; Australian thermal segment achieves record results; Forward cash profile improves from substantial U.S. NOL position and lower interest expense due to voluntary debt reduction; Operating results and improving cash profile drive accelerated deleveraging and share buyback authorization.
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Jul 17, 2017Permits resale of certain common and preferred securities that were restricted at emergence