Peabody Reports Results For Quarter And Year Ended December 31, 2020
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Peabody Energy (BTU) Misses Q4 EPS by 79c
February 4, 2021 7:59 AM ESTPeabody Energy (NYSE: BTU) reported Q4 EPS of ($1.32), $0.79 worse than the analyst estimate of ($0.53). Revenue for the quarter came in at $737.2 million versus the consensus estimate of $706.45 million.
Outlook:
Based on current market conditions, Peabody anticipates the following results in 2021:
U.S. Thermal Operations: U.S. thermal coal deliveries are largely dependent on general economic conditions, weather, natural gas prices and utility inventory levels. Peabody is planning for PRB volumes to largely be in line with 2020 shipments, with about 80 percent of 2021 tons currently priced at an average... More
