The emergence of natural gas as a cheaper energy alternative in the U.S. has been a major problem for coal investors in 2012. Coal stocks may finally be on the upswing as foreign demand for coal remains strong. China has recently approved 23 billion in steel projects, and India's coal production is failing to meet their growing demand. The Paragon [...]
Coal demand has dropped drastically this year and as a result coal stocks have fallen sharply. A warm winter, stricter regulations, and an increasing number of power plant switching to natural gas from coal have all been contributing factors to coal's slide. Despite current conditions Sterne Agee analysts have recently published a note saying the [...]
ST. LOUIS, May 23, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that workers at its Wambo and Wilpinjong Mines in New South Wales have recently approved new labor agreements. Together, the new agreements cover more than two-thirds of the company's high-value thermal coal exports from Australia."These new agreements were [...]
ST. LOUIS, May 18, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced the lease of 402 million tons of ultra low sulfur coal reserves adjacent to its North Antelope Rochelle Mine (NARM) in the Southern Powder River Basin of Wyoming. The company submitted the successful bid of $1.11 per mineable ton for control of the South Porcupine [...]
The Paragon Report Provides Stock Research on Peabody Energy and Patriot CoalNEW YORK, NY -- (Marketwire) -- 05/10/12 -- President Barack Obama has continued to show strong support of energy development in the U.S., but recently failed to mention the coal industry in his State of the Union address or during a recent tour promoting his policies [...]
ST. LOUIS, May 1, 2012 /PRNewswire/ -- Peabody Energy
Chairman and Chief Executive Officer Gregory H. Boyce announced at the company's annual shareholders meeting that 2011 marked the best year in Peabody Energy's 129-year history. The company achieved its strongest safety performance and best financial results on record.
ST. LOUIS, May 1, 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 June 5, 2012, to holders of record on May 15, 2012.
Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable
HONG KONG -- (Marketwire) -- 04/23/12 -- Today, www.EquityLeader.com introduced research coverage of Peabody Energy Corporation (NYSE: BTU) and Hercules Offshore, Inc. (NASDAQ: HERO). Full research reports are available to readers at: www.EquityLeader.com/index.php?sm1=BTU&sm2=HERO.
Five Star Equities Provides Stock Research on Alpha Natural Resources and Peabody EnergyNEW YORK, NY -- (Marketwire) -- 04/19/12 -- The Coal Industry has been hit hard recently as a glut of natural gas, and slow growth in China has threatened demand. The PowerShares Global Coal fund has fallen more than 34.3% over the last year. Five Star Equities [...]
- Australian revenues increase 48%, driving 17% rise in consolidated revenues to $2.04 billion- EBITDA rises 18% to $513 million- Operating profit increases 11% to $350 million and operating cash flows rise 79% to $396 million- Diluted EPS from continuing operations totals $0.64 with adjusted diluted EPS of $0.67
ST. LOUIS, April 13, 2012 /PRNewswire/ -- Peabody Energy
announced today that employees at the North Goonyella Mine in Queensland's Bowen Basin overwhelmingly approved a new enterprise agreement on April 11, 2012.
Successful conclusion of the labor negotiations follows several months of constructive discussions between the mine and the workforce
