Peabody Energy's 2015 Results Disappoint

Peabody Energy Corp. (NYSE:BTU) released its results for the full 2015 year, commenting that its revenues came in at $5.61 billion. Meanwhile, adjusted EBITDA was $434.6 million, including $23.5 million in restructuring charges.
According to Mining Weekly, the company’s share price hit a one-year low on the news, which disappointed market watchers.
Other highlights include:

• Diluted Loss Per Share from Continuing Operations totals $(102.62); Adjusted Diluted EPS totals $(36.39)
• Australian costs per ton improve 24% to record low for platform; U.S. costs per ton improve 5% even with lower volumes; Capital spending declines 35% to $127 million
• 2016 targets include 18 to 28 million ton decline in U.S.; Reduced hedging losses; Lower SG&A expense
• Amid difficult market conditions, additional aggressive steps underway to improve the business, preserve liquidity and reduce debt

Click here to read the full Peabody Energy Corp. (NYSE:BTU) press release.