ST. LOUIS, Oct. 24, 2013 /PRNewswire/ -- The board of directors of Peabody Energy today declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on Nov. 29, 2013, to holders of record on Nov. 7, 2013. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable [...]
- Third quarter revenues of $1.80 billion lead to Adjusted EBITDA of $312 million - Diluted Earnings Per Share from Continuing Operations totals $0.06 with Adjusted Diluted Earnings Per Share of $0.05 - Successful cost containment results in lowest U.S. unit costs in three years; Australia unit costs improve 18 percent since early 2012 - New $2.85 [...]
Peabody Energy today announced that it has reached an agreement with Patriot Coal and the United Mine Workers of America (UMWA) to resolve all issues related to Patriot's bankruptcy. "Peabody has continued to fund healthcare benefits for retirees during Patriot's bankruptcy proceedings," said Peabody Energy Executive Vice President Law, Chief Legal [...]
ST. LOUIS, Oct. 3, 2013 /PRNewswire/ -- On Thursday, Oct. 17, 2013, Peabody Energy will announce the results for the quarter ended Sept. 30, 2013. A conference call with management is scheduled for 10 a.m. CDT on Thursday, Oct. 17, 2013. Participants may access the call using the following phone numbers: U.S. & Canada (800) 288-8968 ...
ST. LOUIS, Sept. 24, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that it completed a new secured credit facility, including an expanded five-year $1.65 billion revolver due in 2018 and a seven-year $1.2 billion term loan due in 2020. The new credit facility replaces the company's $1.5 billion revolver and $1.2 billion term [...]
ST. LOUIS, Sept. 23, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that the United Mine Workers of America (UMWA) had previously rejected an offer in settlement of all claims with the UMWA, payable over 15 years, which could also have been used to provide 3,100 Patriot Coal retirees with lifetime healthcare benefits comparable to [...]
ST. LOUIS, Sept. 20, 2013 /PRNewswire/ -- Peabody believes that the U.S. Environmental Protection Agency's (EPA's) proposed rule, if advanced, would cause consumers' power bills to skyrocket over time and cause more pain at the plug than Americans have experienced at the pump. Carbon capture and storage technology is simply not commercially [...]
ST. LOUIS, Sept. 17, 2013 /PRNewswire/ -- The United Mine Workers of America Local 1924 has ratified a new six-year agreement that is effective for represented employees at the Kayenta Mine in Arizona where approximately 98 percent of the hourly workforce is Native American. The agreement has provisions that will allow for efficiency improvements [...]
Peabody today asked the bankruptcy court to confirm the termination of our contractual obligation to fund certain of Patriot Coal's retiree healthcare benefits. Under Patriot Coal's new labor agreements with the UMWA, its obligation to pay healthcare benefits for its retirees will terminate by January 1, 2014. Under the terms of Peabody's contract [...]
Peabody Energy announced today that the company has named veteran mining executive Glenn Kellow to the position of President and Chief Operating Officer. He will report to Chairman and Chief Executive Officer Gregory H. Boyce and serve as a member of Peabody's executive leadership team. "Glenn brings more than a quarter century of distinguished [...]
Peabody is pleased with today's ruling by the Eighth Circuit Bankruptcy Appellate Panel. The court said that Peabody was obligated to make payments (that have been consistently paid) until such time as a new labor agreement was approved between Patriot and the UMWA. The Panel did not rule on how Peabody's level of funding would be determined with [...]
Peabody Energy today announced that Heather A. Wilson has been appointed as a member of the company's Board of Directors. Wilson currently serves as President of the South Dakota School of Mines and Technology and is a former member of the U.S. House of Representatives. "Dr. Wilson is an exceptional leader with a broad perspective on energy, mining [...]
