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Stock Market & Financial Investment News

News Breaks
November 27, 2012
14:03 EDTBTUPeabody Energy to permanently close Willow Lake Mine
Big Ridge announced it will permanently close the Willow Lake Mine near Harrisburg, Ill. The mine has failed to meet acceptable standards for safety, compliance and operating performance, and these ongoing issues make the operations unsustainable, the company said. Worker Adjustment and Retraining Notification, or WARN, letters are being provided to approximately 400 employees. Willow Lake sold 2.2M tons in 2011. Peabody expects to incur a largely non-cash, one-time charge estimated at $40M-$60M, or 10c-15c per share after tax, in Q4 primarily to write off assets, increase asset retirement obligations and accrue severance. The company expects little effect on ongoing earnings from the closing, Peabody said.
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July 22, 2014
11:43 EDTBTUPeabody sees metallurgical coal demand picking up in 2H
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08:08 EDTBTUPeabody sees Q3 adjusted EPS (53c)-(40c), consensus (20c)
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08:07 EDTBTUPeabody sees FY14 sales of 245M-260M tons of coal
For FY14, Peabody now has total sales targets of 245M-260M tons, including U.S. sales of 185M-190M tons and Australian sales of 35M-37M tons. Sees U.S. costs per ton 1%-3% below 2013 levels on cost containment efforts, with U.S. revenues per ton 4%-7% below 2013 levels due to price re-openers and Australian costs in the low-to-mid $70 per ton range. Sees full-year depreciation, depletion and amortization approximately 5%-10% below 2013 levels.
08:03 EDTBTUPeabody reports 2Q adjusted EPS (28c), consensus (29c)
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