Peabody (BTU +8%) posted a 13.5% Y/Y decline in revenues, attributable to a 12% drop in U.S....

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

Peabody (BTU +8%) posted a 13.5% Y/Y decline in revenues, attributable to a 12% drop in U.S. coal revenue and 6% fewer shipments; also, Australian revenue fell 13.6% on a 32% drop in realized pricing per ton. But the lack of further negative news is a positive, Cowen says. As the first (and largest) U.S. coal miner to report, BTU’s results offer a sneak peek at others: ACI +10.5%, ANR +7.7%, CNX +6%.