Peabody Energy Corp

BTU

Equity

ISIN US7045511000 / Valor 36143322

New York Stock Exchange, Inc (2024-12-24)

USD 20.05-1.23%

Peabody Energy Corp
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About company

Peabody Energy Corp is a coal mining company that produces and sells coal for electricity generation and steel production.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Peabody Energy Corp reported a significant increase in revenue for the second quarter of 2023. The company's total revenue reached $1.3 billion, reflecting a 15% growth compared to the same period last year. This growth was primarily driven by higher coal prices and increased demand in both domestic and international markets.

Net Income

For the second quarter of 2023, Peabody Energy Corp achieved a net income of $250 million. This marks a substantial improvement from the $180 million net income reported in the second quarter of 2022. The increase in net income is attributed to higher sales volumes and effective cost management strategies.

Earnings Per Share

Peabody Energy Corp's earnings per share (EPS) for the second quarter of 2023 stood at $1.50, up from $1.10 in the same quarter of the previous year. The rise in EPS is a result of the company's strong financial performance and strategic initiatives aimed at enhancing shareholder value.

Dividends

In light of its robust financial results, Peabody Energy Corp declared a quarterly dividend of $0.15 per share for the second quarter of 2023. This represents a 25% increase from the previous quarter's dividend, reflecting the company's commitment to returning value to its shareholders.

Future Outlook

Peabody Energy Corp has provided an optimistic outlook for the remainder of 2023. The company expects continued strong demand for coal, particularly in the Asia Pacific region, and anticipates further revenue growth. Peabody also plans to invest in expanding its mining operations to meet the increasing market demand.

Summarized from source with an LLMView Source

Key figures

-20.0%1Y

89.5%3Y

119%5Y

Performance

34.4%1Y

61.0%3Y

93.3%5Y

Volatility