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Peabody Energy (BTU) Releases Earnings Results, Beats Estimates By $1.29 EPS

Source: 
American Banking and Market News

Peabody Energy (NYSE:BTU) released its quarterly earnings data on Wednesday. The coal producer reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $1.29, Briefing.com reports. Peabody Energy had a net margin of 13.20% and a return on equity of 19.01%. The company ha...

Joe Deely's picture
Joe Deely on February 7, 2019

This is the most significant item from Peabody's report yesterday.

 Western segment volumes are expected to decline year over year in line with actions involving the announced closure of the Navajo Generating Station (NGS) by year-end 2019.  Peabody's base case is that the Kayenta Mine's production and sales are expected to cease in the third quarter given plant inventory levels.   

Due to closing of Navajo coal plant - the Kayenta coal mine will no longer be needed. In fact, it will close a quarter earlier than the plant because there will be enough inventory available to service plant for its last quarter.

Goodbye to what once was the largest polluter in the Western US.

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