Peabody Energy (BTU) says Q1 2013 should mark a trough in earnings, with results expected to...

|About: Peabody Energy Corp. (BTUUQ)|By:, SA News Editor

Peabody Energy (BTU) says Q1 2013 should mark a trough in earnings, with results expected to increase as the year proceeds based on improving Australian production and margins. For FY 2013, BTU is targeting capex ~50% lower than 2012 targets of $1B-$1.1B, and U.S. sales volumes of 180M-190M tons vs. 2012 targets of 188M-192M tons. BTU -1.8% premarket.