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Peabody Energy Corporation (BTU)

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  • Mar. 6, 2013, 8:29 AM
    Peabody Energy (BTU) sees Q1 adjusted per-share loss of $0.04-$0.26 vs. analyst consensus of -$0.15, but expects an increase in earnings after Q1 on growing Australian volumes and price. Sets a 2013 capex target of $450M-$550M, ~50% below 2012. Says 2013 coal markets show early signs of a rebound, as emerging markets drive significant near- and long-term met and thermal coal demand growth.
    | 3 Comments
  • Mar. 4, 2013, 3:36 PM
    Consol Energy (CNX -2.6%) is downgraded to Neutral from Buy at Goldman Sachs, citing outperformance vs. other coal stocks due to a strong balance sheet, less exposure to declines in met coal prices, and diversification. The firm sees greater upside in Buy-rated Cloud Peak Energy (CLD -0.5%) and Neutral-rated Peabody (BTU -1.3%), which have lagged.
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  • Mar. 4, 2013, 12:27 PM
    Investors looking for a rebound in the coal sector this year should forget about companies that mine power-plant coal and turn up the heat on those that produce met coal used in making steel, BMO Capital says in seeing Teck Resources (TCK) as favored to benefit. Walter Energy's (WLT) mines face high shipping costs to get coal to Asia; Peabody (BTU) is better positioned on that front.
    | 6 Comments
  • Feb. 14, 2013, 12:49 PM
    Coal stocks (KOL +1.9%) have become much like solar stocks, each reacting to news about a competitor as it would react if the news was just about itself, Paul Ausick opines; there's money to be made only on volatility, not for the long term. But for today, gains are nearly across the board: ANR +14%, JRCC +7.3%, WLT +4.7%, BTU +4.4%, ACI +3.7%, RNO +3.2%, CNX +1.9%.
    | 4 Comments
  • Feb. 8, 2013, 5:33 PM
    The U.S. Interior Department says it will investigate whether miners and traders skirted royalty payments on lucrative coal exports to Asia. Taxpayers may be losing hundreds of millions of dollars in forgone royalties under current rules governing coal exports.
    | 9 Comments
  • Feb. 8, 2013, 4:32 PM
    BHP Billiton (BHP) and striking workers at the Cerrejon coal mines in Colombia are said to be "very far" apart in wage negotiations, sending coal prices to four-week highs. Colombia is the world's fourth-largest supplier of coal, and a lengthy disruption could push thermal coal prices higher and help U.S. exports “again become competitive into Europe," Simmons analysts say.
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  • Feb. 7, 2013, 11:22 AM
    For all the troubles of the U.S. coal industry, its business with the rest of the world is brisk, setting a record for coal exports at ~120M tons in 2012. But U.S. coal shipped overseas goes overwhelmingly to Europe, whose sluggish economy may merit only a short-term blip for coal. Also, tougher environmental rules and coal plant phase-outs in the U.K. may start to erode cheap coal's advantage over nat gas.
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  • Feb. 5, 2013, 12:45 PM
    The cause of the partial blackout that stopped the Super Bowl still isn’t known, but Peabody Energy (BTU) thinks it has not an answer but a prediction: The event offered a glimpse of what life would be like without coal-fired power plants. WSJ's Liam Denning says the juxtaposition is "somewhat strained," but it's a measure of the pressure the coal industry is under in the U.S.
    | 5 Comments
  • Feb. 5, 2013, 12:19 PM
    When one coal miner coughs, they all catch cold. Peabody (BTU -2.5%) dragged the sector down last week when it reported its quarter, and Arch Coal’s (ACI -9%) Q4 is having the same effect: ANR -1.6%, WLT -1.2%. Like BTU, ACI says it sees signs of a possible recovery in domestic coal during H2 2013, but those signs will evaporate unless natural gas prices move closer to $4/million BTUs.
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  • Jan. 30, 2013, 2:17 PM
    On second thought, maybe Peabody's (BTU -5%) Q4 doesn't look so hot after all, as shares slump after yesterday's 5.6% gain and drag down other coal names: ANR -2.5%, ACI -3.4%, WLT -1.4%, CLD -2.7%. There's worry that U.S. revenues will be lower than expected and Australia costs will be higher. But Sterne Agee keeps its Buy rating, expecting Q1 will mark the low point for earnings.
    | 2 Comments
  • Jan. 29, 2013, 11:57 AM
    Floods are disrupting Australian mining operations, as resource-rich Queensland state faces its heaviest rains in two years. Xstrata (XSRAF.PK) declares force majeure on several coal shipments that had been due, Anglo American (AAUKY.PK) says output from some of its operations was disrupted, and output at Peabody's (BTU) Middlemount mine likely will be affected for at least three weeks.
    | 1 Comment
  • Jan. 29, 2013, 11:33 AM
    It was "a messy release" for Peabody Energy (BTU +6.3%), which swung to a sizable Q4 loss as it posted significant charges related to write-downs and mine-closure costs, while revenue also dropped. But operations in the western U.S. surprised to the upside and Australian volumes were much higher than expected, while costs were lower than expected.
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  • Jan. 29, 2013, 8:05 AM
    Peabody Energy (BTU): FQ1 EPS of -$1.12. Revenue of $2.01B beats by $0.08B. (PR)
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  • Jan. 29, 2013, 12:05 AM
    Notable earnings before Tuesday’s open: AKS, ARLP, ASH, BSX, BTU, CIT, CP, DHI, EDU, EMC, F, GLW, GNTX, HOG, HRS, HW, IP, ITW, JBLU, KLIC, LLY, LXK, NEE, NUE, PFE, PHG, PII, PNR, TROW, TUP, TYC, VLO, WRB, X
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  • Jan. 28, 2013, 5:30 PM
    Notable earnings before Tuesday’s open: AKS, ARLP, ASH, BSX, BTU, CIT, CP, DHI, EDU, EMC, F, GLW, GNTX, HOG, HRS, HW, IP, ITW, JBLU, KLIC, LLY, LXK, NEE, NUE, PFE, PHG, PII, PNR, TROW, TUP, TYC, VLO, WRB, X
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  • Jan. 24, 2013, 1:41 PM
    Peabody Energy Corporation (BTU) declares $0.085/share quarterly dividend, in line with previous. Forward yield 1.33%. For shareholders of record Feb. 07. Payable Feb. 28. Ex-div date Feb. 05. (PR)
    | 2 Comments
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Company Description
Peabody Energy Corp is involved in mining. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers.