Peabody Energy Reports First Quarter 2010 EBITDA of $357.2 million

Peabody Energy (NYSE: BTU) is happy to announce it operating profit increase of 10% above prior year to $357.2 million and $242.2 million.  Their sales for Q1 of 2010 rose up to 58.3 million tons. Their revenue increased to $1.52 Billion which is a 4% increase from the last quarter of 2009.

Peabody Chairman and Chief Executive Officer Gregory H. Boyce announced during the press release, “Peabody’s first quarter results demonstrate the power of our global platform, with expanded contributions from both U.S. and Australia operations. We anticipate higher revenues and earnings from new contract settlements and rising metallurgical coal volumes in Australia, increased throughput from the new NCIG terminal, and contributions from the new Bear Run Mine in the Midwestern U.S.”

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