The Paragon Report Provides Stock Research on Peabody Energy and Patriot CoalNEW YORK, NY -- (Marketwire) -- 10/30/12 -- Coal stocks have struggled in 2012 as abundant supplies and historically low prices have made natural gas a cheaper alternative for utilities. Natural gas futures in April plummeted to a 10 year low of $1.91 per thousand cubic [...]
MELBOURNE, Australia, Oct. 25, 2012 /PRNewswire/ -- Peabody Energy Chairman and CEO Gregory H. Boyce today called for the establishment of a National Commission on Minerals Sector Export Competitiveness to ensure Australia's resource sector policies serve the long-term national interest. (Logo [...]
ST. LOUIS, Oct. 23, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) Chairman and Chief Executive Officer Gregory H. Boyce today announced leadership changes within the business units to further strengthen Peabody's global operating platform. The company has named Eric Ford as Chairman of Peabody's Australia Business Unit, Charles F [...]
ST. LOUIS, Oct. 22, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today reported third quarter 2012 revenues of $2.06 billion, leading to Adjusted EBITDA of $459.9 million. Income from continuing operations totaled $122.9 million, with diluted earnings per share from continuing operations of $0.46 and Adjusted Diluted EPS of $0.51. "The [...]
ST. LOUIS, Oct. 18, 2012 /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. 23, 2012, to holders of record on Nov. 1, 2012.(Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO)Peabody Energy is the world's [...]
ST. LOUIS, Oct. 17, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it has extended its offers to exchange up to $1,518,821,000 aggregate principal amount of its 6.00% Senior Notes due 2018 and the guarantees thereof and $1,339,644,000 aggregate principal amount of its 6.25% Senior Notes due 2021 and the guarantees thereof [...]
Coal stocks surged last Friday on speculation that steel demand was on the rise. Rising rebar prices in China have boosted prices for iron ore and analysts have speculated that metallurgical coal, used to make steel, may also soon be on the rise. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research [...]
ST. LOUIS, Oct. 9, 2012 /PRNewswire/ -- On Monday, Oct. 22, 2012, Peabody Energy will announce the results for the quarter ended Sept. 30, 2012. A conference call with management is scheduled for 10 a.m. CDT on Monday, Oct. 22.(Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO )Participants may access the call using the [...]
he Coal Industry has been hit hard in 2012 as vast amounts of natural gas unlocked from shale deposits have made it a cheaper alternative to coal. Recent data released from the Energy Department has shown that the amount of gas used by power companies has risen 32 percent during the first half of the year, while coal usage has dropped 18 percent [...]
ST. LOUIS, Sept. 6, 2012 /PRNewswire/ -- Peabody Energy today confirmed that the sales process for Peabody's Wilkie Creek Mine in Queensland, Australia, remains under way and that discussions with interested parties continue. (Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO) SOURCE Peabody EnergyKirsty McDonald, +1-314-342-7562
ST. LOUIS, Sept. 5, 2012 /PRNewswire/ -- Peabody Energy today said it has ceased production at the Air Quality Mine in Vincennes, Ind., and will permanently close the mine based on soft market conditions that make operations uneconomic. (Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO) Worker Adjustment and Retraining Notification [...]
Shares of companies in the coal industry have lagged in the market in 2012. The Market Vectors-Coal ETF (KOL) has fallen over 30 percent this year. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research on Peabody Energy and Patriot Coal
