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More on Peabody Energy's (BTU) Q1 results: Projects 2013 U.S. coal consumption for...

More on Peabody Energy's (BTUQ1 results: Projects 2013 U.S. coal consumption for electricity generation will grow by 60M-80M tons Y/Y based on strong Q1 demand, which rose 8% and accounted for ~40% of total electricity generation. Issues downside guidance for Q2, seeing EPS of ($0.25)-$0.01 vs. $0.01 consensus. Shares +1.2% premarket.
Comments (1)
  • Tom Guttenberger
    , contributor
    Comments (717) | Send Message
     
    The market and the media would have you believing that coal consumption for electricity is down ~99% YOY.

     

    Give it a week. Burning coal will be a supposed relic of the past again. Yawn.
    18 Apr 2013, 11:33 AM Reply Like
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