Categories Earnings, Energy

Peabody Energy (BTU) Q3 2019 Earnings Snapshot

— For the third quarter of 2019, coal producer Peabody Energy (NYSE: BTU) reported loss of $0.81 per share compared to a profit of $0.59 per share in the third quarter of 2018.

— Loss per share from continuing operations stood at $0.77 and totaled $150.3 million versus $372.1 million in the prior year.

— Revenue plunged 21% year-over-year to $1.11 billion vs. $1.13 billion expected.

— Peabody expects fourth quarter adjusted EBITDA to be lower than the third quarter, excluding restructuring charges and other non-recurring items.

— BTU stock had given a negative return of 48% so far this year and 55% in the trailing 12 months.

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