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Peabody Energy Corp. (NYSE:BTU) announced its results for the third quarter of 2013, noting that it achieved revenue of $1.8 billion, leading to adjusted EBITDA of $312 million.
Peabody Energy Corp. (NYSE:BTU) announced its results for the third quarter of 2013, noting that it achieved revenue of $1.8 billion, leading to adjusted EBITDA of $312 million.
Other highlights include:
- Diluted Earnings Per Share from Continuing Operations totals $0.06 with Adjusted Diluted Earnings Per Share of $0.05
- Successful cost containment results in lowest U.S. unit costs in three years; Australia unit costs improve 18 percent since early 2012
- New $2.85 billion credit facility increases financial flexibility
- Improving global economic activity drives coal demand growth; supply cutbacks continuing in China and the United States
Gregory H. Boyce, CEO of Peabody, commented:
Peabody’s third quarter results were led by significant cost reductions across all regions and higher Australian volumes. The Peabody team continues to drive operational excellence, structural cost improvements and capital discipline, and our well-positioned portfolio gives us substantial upside as markets improve.
Click here to read the full Peabody Energy Corp. (NYSE:BTU) press release.