Emphasizing that the case for combining assets has only grown stronger in recent months, Peabody and Arch Coal today announced that they intend to continue to pursue creation of a joint venture to strengthen coal's competitiveness with other energy sources and create substantial value for multiple stakeholders. The announcement follows a negative [...]
Peabody announced today that it will appoint several new members to the company's Board of Directors in conjunction with the February Board meeting, including Elliott Management Equity Partner Dave Miller, Elliott Management Portfolio Manager Samantha Algaze and tenured coal industry executive Darren Yeates. Peabody and Elliott have also agreed to [...]
Fourth quarter reflects 10-percent cost-per-ton improvement in three operating segments; Lowering capital expenditures and suspending dividends in light of industry conditions and portfolio changes; Emphasizing debt reduction to maintain financial strength; Continuing to progress regulatory process for proposed PRB/Colorado JV; Commencing [...]
Peabody announced today that the company has named Mark Spurbeck as Interim Chief Financial Officer replacing Amy Schwetz, who will be taking the Chief Financial Officer position at a leading NYSE-listed industrial company. Schwetz will continue with Peabody in coming weeks to ensure a smooth transition. "Mark is an accomplished financial leader at [...]
On Wednesday, Feb. 5, 2020, Peabody will announce results for the quarter ended Dec. 31, 2019. A conference call with management is scheduled for 10 a.m. CST on Wednesday, Feb. 5. 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 recognized the distinguished work of organizations and individuals to advance clean coal technologies with the company's annual Peabody Global Clean Coal Leadership Awards. The awards were presented at POWER-GEN International in New Orleans, La., and included the categories of High-Efficiency, Low-Emissions Innovator; Carbon Capture [...]
Third 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 [...]
Peabody was honored this week with three national awards recognizing the company's safety and land restoration efforts. The Rawhide Mine Coal Processing Facility near Gillette, Wyo. received a prestigious Sentinels of Safety Award from the National Mining Association for recording the most hours without a lost-time incident in the small coal [...]
Peabody announced today that its board of directors has declared a quarterly dividend of $0.145 per share on the company's common stock, payable on Nov. 29, 2019 to shareholders of record on Oct. 30, 2019. Peabody is the leading global pure-play coal company and a member of the Fortune 500, serving power and steel customers in more than 25 [...]
On Tuesday, October 29, 2019, Peabody will announce results for the quarter ended September 30, 2019. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, October 29. The call, replay and other investor data will be available at PeabodyEnergy.com. Participants may also access the call using the following phone numbers [...]
Peabody today confirmed its commitment to the pending PRB/Colorado JV with Arch Coal, which continues to progress through the regulatory approval process. The company looks forward to continuing to take the steps needed to advance the highly accretive transaction in a timely and effective manner to add value to the enterprise. Contact: Julie Gates [...]
Peabody announced today that it has concluded its current refinancing activities. As part of these actions, the company has terminated its previously announced cash tender offers to purchase any and all of its $500,000,000 in outstanding aggregate principal amount of 6.000% Senior Secured Notes due 2022 and any and all of its $500,000,000 in [...]
