This dividend announcement reflects an increase of approximately 8% over the previous quarter's dividend per share, in recognition of the company's strong ongoing cash flow generation.
Peabody has completed its purchase of the Shoal Creek seaborne metallurgical coal mine from private coal producer Drummond Company, Inc. for US$387 million.
Initial steps taken to extinguish the fire and contain impacts at Peabody's North Goonyella mine have yielded visible results.
Peabody has signed an agreement to repurchase US$300 million in BTU shares directly from entities advised by Elliott Management.
Peabody has revealed the expiration of consent solicitations relating to its 6.000% senior secured notes due 2022 and 6.375% senior secured notes due 2025.
Chief Executive of Queensland Resources Council (QRC) welcomes Peabody’s decision to extend its North Goonyella metallurgical coal mine in Queensland (Australia).
Peabody Energy posted revenues of US$1.46 billion, income from continuing operations, net of income taxes of US$208.3 million, net income attributable to common stockholders of US$106.6 million, diluted earnings per share from continuing operations of US$0.83 and Adjusted EBITDA of US$363.9 million.
Peabody was recently named 'Employer of the Year – Energy & Natural Resources' for 2018 by United Kingdom-based Corporate LiveWire, which called the company a “pace-setter in safety and health, sustainability practices and its people orientation.”