Peabody Reports Earnings For Quarter And Year Ended December 31, 2019
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Peabody Energy (BTU) Misses Q4 EPS by $1.87; Revenues Beat
February 5, 2020 8:01 AM ESTPeabody Energy (NYSE: BTU) reported Q4 EPS of ($3.12), $1.87 worse than the analyst estimate of ($1.25). Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.04 billion.
"During the fourth quarter, Peabody made a number of operational improvements in Australia, reduced costs in four of five operating segments, opportunistically repurchased bonds to reduce debt, generated substantial cash from commercial settlements and progressed the regulatory process for the proposed PRB/Colorado joint venture," said President and Chief Executive Officer Glenn Kellow. "For 2020, we are targeting improved met coal volumes and costs, lower... More
