Peabody Energy Corp. - Ordinary Shares New

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Other Pre-Announcement

Peabody Reports Q3 Loss Per Share Of $0.66 From Continuing Operations

Published: 11/09/2020 13:47 GMT
Peabody Energy Corp (BTU) - Peabody Reports Earnings for Quarter Ended September 30, 2020.
Q3 Revenue $671 Million Versus Refinitiv Ibes Estimate of $690.6 Million.
Q3 Loss per Share $0.66 From Continuing Operations.
Q3 Earnings per Share Estimate $-0.92 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Tons Sold 34.7 Million Tons Versus 44.8 Million Tons Sold Last Year.
Q4 Seaborne Volumes Expected to Improve Modestly.
Will Post $75 Million of Collateral and Provide Second Liens on $200 Million of Certain Mining Equipment for Benefit of Surety Providers.
Will Post an Additional $25 Million of Collateral per Year Through 2025 for Benefit of Surety Providers.
Q4 U.S. Thermal Volumes Are Expected to Decline Slightly Compared to Q3.
Surety Providers Have Agreed to a Standstill Through Earlier of December 2025 Or Maturity Date of Company's Credit Agreement.
Peabody Energy - Probable That Q4 Results Will Not Be Sufficient to Meet Minimum Required Net Leverage Ratio As Defined Under Revolving Credit Deal.
Surety Standstill is Contingent Upon Co Completing a Deal With Revolving Credit Lenders and 2022 Noteholders by Dec.
31, 2020.
In Q4 Seaborne Met Costs Anticipated to Rise Primarily Due to Planned Longwall Move at Metropolitan and Changes in Product Mix.
Q4 Seaborne Thermal Costs Expected to Be Largely in Line With Q3.
Production at Shoal Creek Expected to Be Suspended for Next Several Month.