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Peabody Energy Corporation (BTU)

- NYSE
  • Apr. 18, 2013, 2:07 PM
    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%.
    | Apr. 18, 2013, 2:07 PM | 2 Comments
  • Apr. 18, 2013, 8:29 AM
    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.
    | Apr. 18, 2013, 8:29 AM | 1 Comment
  • Apr. 18, 2013, 8:03 AM
    Peabody Energy (BTU): Q1 EPS of -$0.05 beats by $0.09. Revenue of $1.75B (-14% Y/Y) misses by $0.03B. (PR)
    | Apr. 18, 2013, 8:03 AM | 5 Comments
  • Apr. 18, 2013, 12:05 AM
    Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ
    | Apr. 18, 2013, 12:05 AM | Comment!
  • Apr. 17, 2013, 5:30 PM
    Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ
    | Apr. 17, 2013, 5:30 PM | Comment!
  • Apr. 12, 2013, 8:43 AM
    Walter Energy (WLT) +6.5% premarket after reporting a strong start to the year thanks to higher prices for coal used in steelmaking and rising production. A Brean Capital analyst says that while the performance was not surprising, many investors had feared the worst. Coal names are trading higher: JRCC +4.3%, ANR +2.4%, ACI +1.8%, BTU +1.5%, CLF +1.1%.
    | Apr. 12, 2013, 8:43 AM | 4 Comments
  • Apr. 5, 2013, 12:10 PM
    Select coal stocks are on the move following a bullish note from Goldman Sachs, which predicts 10% Y/Y gains in demand for thermal coal as a result of less coal-to-gas switching; the higher forecast reflects an improved outlook for natural gas prices and normalized storage. ANR +3.8%, ACI +3.1%, CNX +2.7%, BTU +0.9%, CLD +0.2%.
    | Apr. 5, 2013, 12:10 PM | 8 Comments
  • Apr. 4, 2013, 4:59 AM
    Bankrupt Patriot Coal (PCXCQ.OB) and its creditors are looking at whether the firm's spinoff from Peabody Energy (BTU) in 2007 was a "fraudulent transfer" aimed at relieving the latter of retiree health and pension benefits, problematic mines and other liabilities. Patriot and the creditors could gain "a sizable recovery" if evidence of fraud is found. Peabody naturally denies that anything was amiss.
    | Apr. 4, 2013, 4:59 AM | 7 Comments
  • Mar. 26, 2013, 3:20 PM
    Peabody Energy (BTU +1%) has performed even worse than other coal stocks, but in its upgrade of the shares, Raymond James sees an attractive entry point for this "high quality, core coal holding," with quarterly earnings likely to hit a low point this quarter, an apparent bottom in the met coal market and better prospects of natural gas helping coal.
    | Mar. 26, 2013, 3:20 PM | 1 Comment
  • Mar. 26, 2013, 9:03 AM
    Raymond James upgrades Peabody Energy (BTU) to Outperform from Market Perform. Price target: $25. 
    | Mar. 26, 2013, 9:03 AM | Comment!
  • Mar. 22, 2013, 10:46 AM
    Jefferies takes a contrarian stance on coal, making a positive investment case for the surviving producers. All four major coal companies - ANR, ACI, CNX, BTU - have decades of reserves, so there's little need to spend money on exploration, the firm says; even at current prices, the industry should generate substantial levels of free cash flow for years to come.
    | Mar. 22, 2013, 10:46 AM | 27 Comments
  • Mar. 18, 2013, 10:44 AM
    A rumor that Carl Icahn has picked up an activist position in Peabody Energy (BTU +3%) is behind early gains; Icahn already has been plenty busy recently with his dalliances in Dell and Transocean. Shares also are upgraded by Nomura, which believes cost pressures facing BTU are largely well known by the market and the company can achieve improved unit costs in H2.
    | Mar. 18, 2013, 10:44 AM | 4 Comments
  • Mar. 15, 2013, 4:40 PM
    Coal companies continue to flounder, and Cowen analysts think the met coal sector may not see improvement with no near-term positive catalysts on the horizon. Australia's rainy season has left met coal production relatively unscathed, and China's high inventories and weakening steel prices could pressure pricing. Among coals, the firm favors Walter Energy (WLT) for the long term.
    | Mar. 15, 2013, 4:40 PM | 31 Comments
  • Mar. 15, 2013, 8:41 AM
    Peabody Energy (BTU) defends itself after being accused of trying to duck liability for its retirees by dumping the obligations on Patriot Coal (PCXCQ.OB), which was formed in 2007 from assets split from BTU and Arch Coal: "These are Patriot's obligations and, to the extent they are reduced, we will meet our agreement with Patriot to fund the new lower levels."
    | Mar. 15, 2013, 8:41 AM | 1 Comment
  • Mar. 15, 2013, 3:28 AM
    Patriot Coal (PCXCQ.OB) has requested court permission to modify $1.6B in retiree health benefits for thousands of employees as part of its strategy to exit Chapter 11. The miner wants to cut wages and other worker benefits as well. Patriot has also sued Peabody Energy (BTU), from which it was spun off five years ago," to ensure that Peabody continues fulfilling its "healthcare obligations to certain retirees." (PR)
    | Mar. 15, 2013, 3:28 AM | 1 Comment
  • Mar. 14, 2013, 5:48 PM
    After forcing concessions from SandRidge, Chesapeake and Hess, activists may feel emboldened to target more laggards that have missed the uptick in energy stocks, Claudia Assis writes. Sluggish Apache (APA) has prompted concerns about its management and growth potential, Occidental (OXY) is under pressure to keep costs under control, and Peabody (BTU) shares have sunk ~19% YTD.
    | Mar. 14, 2013, 5:48 PM | 7 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.