Peabody Energy Corporation (BTU)
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Despite the new emission policy coal stocks like Peabody (BTU), Arch Resources Inc. (ARCH), Ramaco Resources (METC), CONSOL Energy (CEIX) and Warrior Met Coal (HCC)) will have a relief from the rise in demand and price of coal due to the ongoing revival in the global economy.
Peabody Announces Offer To Purchase Up To $15.842 Million In Aggregate Accreted Value Of Its 8.500% Senior Secured Notes Due 20242021-10-22 16:00
ST. LOUIS, Oct. 22, 2021 /PRNewswire/ -- Peabody (NYSE: BTU) today announced its offer to purchase (the "Offer") for cash up to $15.842 million (the "Available Repurchase Amount") in aggregate accreted value of its 8.500% Senior Secured Notes due 2024 (the "2024 Notes") at a purchase price equal to 73.590% of the accreted value of the 2024 Notes to be repurchased, plus accrued and unpaid interest as set forth in the Indenture (as defined below), to, but excluding, the settlement date, on the terms and subject to the conditions set forth in the Offer to Purchase, dated October 22, 2021 (the "Offer to Purchase"). The Offer is being made to satisfy the requirements of the Indenture.
Investors loved the coal miner early in the week and then quickly changed their minds, sending the shares lower. Here's why.
ST. LOUIS, Oct. 20, 2021 /PRNewswire/ -- On Thursday, October 28, 2021, Peabody (NYSE: BTU) will announce results for the quarter ended September 30, 2021. A conference call with management is scheduled for 10 a.m.
The stock price of Peabody Energy Corporation (NYSE: BTU) fell by over 18% during intraday trading today. This is why it happened.
A Liebherr mining truck at dusk at Peabody's North Antelope Rochelle Mine in the Powder River Basin of Wyoming (photo via Peabody). It Turns Out The World Still Needs Coal
The coal stock gave up most of its gains today on concerning news from China.
Peabody Energy's preliminary third-quarter numbers send the market into a tizzy.
Peabody Energy Corp. BTU, +1.85% said Monday it expects to report third-quarter revenue of $670 million to $690 million, net of $238 million of unrealized mark-to-market losses from hedges. The FactSet revenue consensus was $876.8 million.
ST. LOUIS, Oct. 18, 2021 /PRNewswire/ -- Peabody (NYSE: BTU) today announced preliminary unaudited financial results for the third quarter 2021. The Company expects to report third quarter revenue of $670 to $690 million, net of $238 million of unrealized mark-to-market losses related to forward pricing hedges; net loss from continuing operations, net of income taxes of $55 to $75 million; net loss attributable to common stockholders of $40 to $60 million; and Adjusted EBITDA1 of $280 to $290 million.