Ensuring the health and safety of employees and communities, and safeguarding financial flexibility during COVID-19; Implemented cost reduction activities with further actions underway, goal for all mines to demonstrate path to cash generation at lower pricing levels; Suspending 2020 guidance given global economic uncertainty. Peabody today [...]
On Wednesday, April 29, 2020, Peabody will announce results for the quarter ended March 31, 2020. A conference call with management is scheduled for 10 a.m. CDT on Wednesday, April 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: U.S. and [...]
Peabody announced today that is has changed the format of its upcoming annual meeting of stockholders being held on May 7, 2020 at 9 a.m. to a virtual meeting only. Stockholders may attend and participate in the meeting online via live audio webcast, but will not be able to attend the meeting in person. The move to a solely virtual meeting format [...]
Emphasizing that the case for combining assets has only grown stronger in recent months, Arch Coal and Peabody 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 [...]
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 [...]