Peabody Energy announced today that, subject to market conditions, it intends to offer $1.0 billion aggregate principal amount of senior secured second lien notes due in 2022 in a private placement to eligible purchasers. Subject to the successful completion of this offering, Peabody intends to use the net proceeds from the sale of the notes to [...]
Peabody Energy has been recognized for its global leadership creating sustainable energy solutions at the 5th World PetroCoal Congress in New Delhi. The company was honored with an Energy and Environment Foundation Global Excellence Award for advancing clean coal technology solutions under the leadership of Peabody Chairman and Chief Executive [...]
Peabody Energy announced that its Cottage Grove Mine in Southern Illinois has earned both the Chairman's Award and the President's Award for achieving the company's safest U.S. performance for surface operations in 2014. The Chairman's Award for Safety Excellence recognizes employees at operations who end a calendar year with zero reportable [...]
Peabody Energy today announced that it has proactively amended its existing secured credit facility to enhance financial flexibility by modifying the leverage and interest coverage covenants for the life of the facility. Pricing, size and maturity date of the facility remain unchanged. The amendment modifies certain terms and conditions and [...]
Peabody Energy today called on the Obama Administration to reverse its decision to suspend development funding for FutureGen 2.0, America's first near-zero emissions coal-fueled power plant project that would capture and store carbon dioxide. "It makes no sense to pull the plug on $1 billion committed to America's signature near-zero emissions [...]
Peabody Energy today announced that its Twentymile Mine in Colorado has earned the President's Award for achieving the company's safest U.S. performance for underground operations in 2014. Twentymile achieved a safety record of 1.03 for 2014 with 777,868 hours worked during the year and is being honored for a third consecutive year for outstanding [...]
Peabody Energy today reported full-year 2014 revenues of $6.79 billion, leading to Adjusted EBITDA1 of $814.0 million. Full-year Adjusted EBITDA includes the impact of $26.0 million in fourth quarter charges related to an organizational restructuring program and pension settlements. Including $1.26 per share in charges primarily related to certain [...]
The board of directors of Peabody Energy has declared a quarterly dividend on its common stock of $0.0025 per share. The dividend is payable on Feb. 26, 2015, to holders of record on Feb. 6, 2015. Given market conditions in recent years, Peabody has taken aggressive actions to reduce operating and corporate costs, lower capital spending and [...]
Peabody Energy announced today that President and Chief Operating Officer Glenn L. Kellow has been named President and CEO-Elect and will become Chief Executive Officer, effective May 4, 2015. Current Chairman and Chief Executive Officer Gregory H. Boyce will remain as Executive Chairman of the Board. Kellow has also been named to Peabody's Board [...]
Peabody Energy today called on the U.S. Administration to support technology solutions with advanced coal as vital to protecting America's supply of clean, low-cost electricity for families and businesses. In the words of Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce: It's unacceptable that we as a nation would allow growing [...]
On Tuesday, Jan. 27, 2015, Peabody Energy will announce the results for the year ended Dec. 31, 2014. A conference call with management is scheduled for 10 a.m. CST on Tuesday, Jan. 27. Participants may access the call using the following phone numbers: U.S. & Canada: (800) 230-1059, International: (612) 234-9959
Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce has been named CEO of the Year, and the company has been named Energy Company of the Year, at the Global Energy Awards in New York. The annual program recognizes exemplary industry leadership around the world. The Energy Company of the Year award is the program's highest honor [...]