BTU - Peabody Energy Corporation

NYSE - Nasdaq Real-time price. Currency in USD
9.23
+0.18 (+1.99%)
At close: 3:59PM EST
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Previous close9.05
Open9.14
Bid9.22 x 900
Ask9.23 x 1100
Day's range8.98 - 9.35
52-week range8.65 - 37.37
Volume1,485,369
Avg. volume1,283,073
Market cap893.464M
Beta (3Y monthly)0.78
PE ratio (TTM)3.07
EPS (TTM)3.01
Earnings date29 Oct 2019
Forward dividend & yield0.58 (5.99%)
Ex-dividend date2019-10-29
1y target est15.00
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    Natural Resource (NRP) Q3 Earnings & Revenues Beat Estimates

    Natural Resource' (NRP) Q3 revenues increase on a year-over-year basis.

  • How Does Peabody Energy's (NYSE:BTU) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Peabody Energy's (NYSE:BTU) P/E Compare To Its Industry, After The Share Price Drop?

    Unfortunately for some shareholders, the Peabody Energy (NYSE:BTU) share price has dived 30% in the last thirty days...

  • Coal Jobs Are About to Take Another Hit
    Bloomberg

    Coal Jobs Are About to Take Another Hit

    (Bloomberg Opinion) -- In 1923 there were 862,536 coal miners in the U.S., about 2% of the country’s total workforce. These days, their ranks are much thinner. As the Washington Post uncharitably pointed out in 2017, more people now work at Arby’s than in the U.S. coal mining industry.This did not stop Donald Trump from making the revival of coal mining a major plank of his presidential campaign, and a focus of his efforts after he took office. And sure enough, the number of coal mining jobs did stop falling in 2017.There are indications, though, that the decline is about to resume. Before the 2000s, job losses in coal mining were mainly about better mining equipment and the rise of less-labor-intensive above-ground mining operations. For the past decade, though, the main driver has been falling U.S. coal consumption. Natural gas pushed coal aside to become the main fuel used in electricity generation and renewables gained ground, even as demand for electricity remained flat.There was a brief uptick in consumption in 2016 and early 2017 as rising natural gas prices drove some utilities to switch temporarily from gas back to coal, but after that the consumption slide resumed. Lately it has even accelerated: In July, according to numbers released last week by the Energy Information Administration, coal consumption was 11.6% lower than in July 2018. Yet coal mining employment has held up.Why the disparity? Well, there was a revival in U.S. coal exports after a global economic slowdown in 2015 and 2016. But the main driver of the employment gains seemed to be that U.S. coal was emerging after years of retrenchment and lots of bankruptcies as a consolidated, leaner industry with a friend in the White House and hopes for better times ahead. Robert Murray, whose privately held Murray Energy Corp. had bought several bankrupt mining operations, predicted just after President Trump’s inauguration in January 2017 that Trump would put the industry on a path to revival “in three months” thanks to environmental deregulation and resurgent demand from steelmakers and other manufacturers.This week, Murray Energy filed for bankruptcy protection. The biggest U.S. coal miner, Peabody Energy Corp., which emerged from bankruptcy in April 2017, announced a 21.7% revenue decline for the quarter ending in September. In its earnings release, Peabody also said it planned to “reweight its investments” away from the U.S. “to capture higher‐growth Asian demand.” Some U.S. mine shutdowns and layoffs have been announced already, and as Bloomberg’s Will Wade reported earlier this month, all signs point to more cutbacks soon. The coal mining employment decline may show up in this Friday’s jobs report, or it may take a little longer, but it’s coming.What happened to the industry’s comeback? Well, for one thing, coal has its limits as an export commodity for U.S. miners. It’s bulky, it doesn’t command a high price and the No. 1 export destination, India, is really far away. Exports stopped rising in the spring of 2018, have fallen more than 40% since, and even at their peak only amounted to about 15% of U.S. production. For another, industrial coal use has failed to rebound as hoped, with an increase in demand for coking coal used in steelmaking more than offset by falling demand for other uses — and now the steel boomlet seems to be fading as well. Industrial uses account for only about 7% of U.S. coal consumption, down from nearly 50% in the 1950s.But this story is mostly about electricity generation, which accounted for 93% of U.S. coal consumption and 84% of production in 2018.  Overall domestic electricity use, after setting a new record in 2018 for the first time since 2007, is down over the first eight months of 2019 thanks to slightly cooler weather. And the shift away from coal in power generation resumed after a lull in 2017, with coal-fired power plant retirements in 2018 nearly breaking the record set in 2015. It was exactly this shift that President Trump had pledged to stop — even reverse. He has clearly failed. It’s not for lack of trying: The Environmental Protection Agency has rolled back the Clean Power Plan that the Barack Obama administration drew up to restrict carbon-dioxide emissions by power plants, and the Energy Department tried to force electricity consumers to subsidize coal and nuclear power to keep plants open. The latter effort foundered in part because of a peculiarity of American governance: The members of the Federal Energy Regulatory Commission who decide on such matters are presidential appointees, but some have to be Democrats and all are free to go against the president’s wishes without much consequence.The overriding issue, though, seems to be that the electrical utility industry just isn’t buying what the president is selling, in part because its leaders assume that future presidents won’t share his head-in-the-sand attitude toward climate change but mainly because burning coal to generate electricity makes less and less economic sense amid a fracking boom that has kept natural gas cheap and technological progress that has driven down the cost of wind and solar. In short, promising a coal revival was a shortsighted, ill-informed and unrealistic thing for the president to do.These promises do seem to have helped create and sustain a couple thousand coal mining jobs for a couple of years, which is something. Now, though, those jobs are likely to begin disappearing just as the president ramps up his reelection campaign. This should be a warning to anyone who ever banks on what Trump says, such as the stock market investors who bid up prices every time the White House says something hopeful about trade negotiations with China. It probably won’t have major consequences in the 2020 election, though, given that the three states with the most coal miners — West Virginia, Kentucky and Wyoming — don’t have a lot of electoral votes and are highly unlikely to flip to the Democrat under any circumstances.Pennsylvania, the state with the fourth-most coal miners, is a more interesting case, in that it’s big, it’s a swing state and it’s an epicenter of the natural gas fracking boom, with three times as many people now working in oil and gas extraction as in coal mining.(1) Democratic contenders Bernie Sanders and Elizabeth Warren have both said they would move to ban fracking, with Warren pledging last month that she would do so on her first day as president. A fracking ban could help coal miners, at least temporarily, but would be a disaster for natural gas drillers and for the gigantic new Royal Dutch Shell plastics plant under construction near Pittsburgh, and would probably mean higher electricity prices for everybody. It’s also something that neither Sanders nor Warren may be able to deliver. Donald Trump does not have a monopoly on unfulfillable campaign promises. So what’s a Pennsylvania fossil-fuels worker to think?(1) That's according to the Quarterly Census of Employment and Wages, and includes support activities for oil and gas extraction and coal mining as well as the extraction and mining themselves.To contact the author of this story: Justin Fox at justinfox@bloomberg.netTo contact the editor responsible for this story: Sarah Green Carmichael at sgreencarmic@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Peabody Energy (BTU) Q3 Earnings Lag, Revenues Beat Estimates
    Zacks

    Peabody Energy (BTU) Q3 Earnings Lag, Revenues Beat Estimates

    Peabody Energy's (BTU) bottom line is hurt by multiple challenges and several organizational reforms in Q3.

  • Peabody Energy (BTU) Reports Q3 Loss, Tops Revenue Estimates
    Zacks

    Peabody Energy (BTU) Reports Q3 Loss, Tops Revenue Estimates

    Peabody Energy (BTU) delivered earnings and revenue surprises of -39.02% and 1.04%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Arch Coal's (ARCH) Q3 Earnings and Revenues Beat Estimates
    Zacks

    Arch Coal's (ARCH) Q3 Earnings and Revenues Beat Estimates

    Arch Coal's (ARCH) third-quarter earnings and revenues are driven by higher sales volumes and excellent cost management.

  • Why Peabody Energy (BTU) Could Beat Earnings Estimates Again
    Zacks

    Why Peabody Energy (BTU) Could Beat Earnings Estimates Again

    Peabody Energy (BTU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Peabody Energy Corporation (NYSE:BTU): Commentary On Fundamentals
    Simply Wall St.

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  • Coal Industry Players Continue to Fight a Losing Battle
    Zacks

    Coal Industry Players Continue to Fight a Losing Battle

    Coal Industry Players Continue to Fight a Losing Battle

  • How Good Is Peabody Energy Corporation (NYSE:BTU) At Creating Shareholder Value?
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    How Good Is Peabody Energy Corporation (NYSE:BTU) At Creating Shareholder Value?

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  • American Coal Giant Peabody Plummets on Poor Earnings Outlook
    Motley Fool

    American Coal Giant Peabody Plummets on Poor Earnings Outlook

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  • Rhino Resource (RHNO) Set to Sell Pennyrile Mining Complex
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  • Peabody Energy (BTU) Feels the Heat of Low Price & Shipments
    Zacks

    Peabody Energy (BTU) Feels the Heat of Low Price & Shipments

    Peabody Energy (BTU) expects third-quarter performance to be weak sequentially due to lower pricing and shipments.

  • Reuters - UK Focus

    UPDATE 1-India eases foreign investment rules for several sector to boost growth

    India's federal cabinet on Wednesday approved further liberalizing of foreign direct investment (FDI) rules in four sectors, in an effort to get economic growth back on track. The government approved foreign investment in digital media up to stakes of 26%, allowed 100% foreign investment for coal mining, associated infrastructure and sales of fuel. Till now, foreign investment was only allowed in coal mines allotted for captive use, meaning for use by the companies themselves.

  • Here's What We Like About Peabody Energy Corporation (NYSE:BTU)'s Upcoming Dividend
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  • Are Investors Undervaluing Peabody Energy Corporation (NYSE:BTU) By 46%?
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  • Alliance Resource (ARLP) to Cease Production at Dotiki Mine
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  • Here's Why These Coal Stocks Got Crushed on Thursday
    Motley Fool

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    Despite relatively solid earnings results from a couple of big names in coal, the market is clearly not optimistic about coal's future.

  • Peabody Energy (BTU) Q2 Earnings Top Estimates, Revenues Miss
    Zacks

    Peabody Energy (BTU) Q2 Earnings Top Estimates, Revenues Miss

    Peabody Energy (BTU) reports mixed second-quarter 2019 results, wherein earnings outpace the consensus mark but total revenues miss the same.

  • Peabody Energy Corp (BTU) Q2 2019 Earnings Call Transcript
    Motley Fool

    Peabody Energy Corp (BTU) Q2 2019 Earnings Call Transcript

    BTU earnings call for the period ending June 30, 2019.

  • Alliance Resource (ARLP) Q2 Earnings Lag Estimates, View Cut
    Zacks

    Alliance Resource (ARLP) Q2 Earnings Lag Estimates, View Cut

    Alliance Resource Partners' (ARLP) Q2 earnings are largely affected by lower sales volumes & a drop in average selling price per ton of coal.

  • Arch Coal (ARCH) Beats Q2 Earnings and Revenue Estimates
    Zacks

    Arch Coal (ARCH) Beats Q2 Earnings and Revenue Estimates

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  • Peabody Energy (BTU) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
    Zacks

    Peabody Energy (BTU) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

    Peabody Energy (BTU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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