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

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%.
Comments (2)
  • as long as nat gas continues its treck upward in price from here Coal names should see prices and profit improve... especially if they took good steps to cutting costs in the last year.
    18 Apr 2013, 02:27 PM Reply Like
  • You know... I don't know where my head has been, I should have bought the back-to-coal move.... hah... At least I was short oil...
    18 Apr 2013, 06:05 PM Reply Like
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