Peabody Energy (BTU) Tops Q3 EPS by 26c, Revenues Miss

Peabody Energy (NYSE: BTU) reported Q3 EPS of ($0.66), $0.26 better than the analyst estimate of ($0.92). Revenue for the quarter came in at $671 million versus the consensus estimate of $690.6 million.

"Peabody drove strong cost performance within our thermal segments during the third quarter, including record-low PRB costs per ton," said President and Chief Executive Officer Glenn Kellow. "We have had a number of achievements across the portfolio and look to further build upon our progress as we tackle structural improvements within the seaborne met segment. In addition to our ongoing portfolio enhancements, we have been working to achieve specific financing objectives. While we have made progress, there is still more to do. Together, these actions are intended to provide a solid base to strengthen our financial and operating performance."

For earnings history and earnings-related data on Peabody Energy (BTU) click here.

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