Peabody(BTU)
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Peabody Energy: It Won't Take Much To Have A Strong Return In 2025
Seeking Alpha· 2024-12-19 15:20
Peabody Energy Corporation (NYSE: BTU ) is a diversified coal producer, currently with a 60/40 split between thermal and metallurgical/coking coal on an EBITDA basis. The company’s operations are based in Australia and the United States, giving it access to both Eastern and WesternI am interested in small capitalized companies with a high optionality to the upside compared to the relative downside risk. I am grounded in a value based approach but will also explore special and short situations. I am a traine ...
'Oversold' Coal Mining Stock Due For a Rebound
Schaeffers Investment Research· 2024-11-27 20:21
Peabody Energy Corp (NYSE:BTU) stock has been chopping lower since its Nov. 6 52-week high of $29.94, down 10% in just the last week. The shares could be headed for a short-term bounce, however, as the pullback has them running into a short-term "buy" signal. BTU just moved below the bottom band of its 20-day Bollinger Bands. Per Schaeffer's Senior Quantitative Analyst Rocky White, the shares moved higher after the past nine tests of this trendline, averaging a one-month gain of 6.4%. From its current perc ...
Anglo American Exits Coal With $3.8B Sale To Peabody Energy
Investopedia· 2024-11-25 12:26
KEY TAKEAWAYSAnglo American is selling its remaining steelmaking coal assets for up to $3.8 billion to U.S. firm Peabody Energy.Anglo American is restructuring after rejecting BHP's multiple attempts to take it over.Peabody said the Australian coal assets would help it meet Asian demand for steel. Anglo American is selling its remaining steelmaking coal assets for up to nearly $3.8 billion to U.S. firm Peabody Energy (BTU), as the London-listed mining giant restructures its business after rejecting several ...
Peabody to Acquire Tier 1 Australian Metallurgical Coal Assets from Anglo American
Prnewswire· 2024-11-25 07:05
Transforms Peabody into a leading global seaborne metallurgical coal producer with Tier 1 mines1 near the world's strongest steel markets Transaction represents an attractive 3.1x times enterprise-value-to-2026 EBITDA multiple Delivers significant cash flow accretion to Peabody across all time periods Positions Peabody to capture substantial synergies and enhance margins Enables continuing capital allocation balance between shareholder returns and reinvestment in the portfolio Company to host conference ...
RWE and Peabody Partner to Develop Solar and Energy Storage Pipeline on Repurposed, Reclaimed Mine Lands
Prnewswire· 2024-11-21 12:45
Partnership projects will have the capacity of more than 5.5 Gigawatt of solar energy and battery storage across Indiana and Illinois Creates significant local jobs and regional economic benefits and potential energy production to power 850,000 homes RWE is acquiring majority interest in the R3 Renewables LLC ownership group AUSTIN, Texas and ST. LOUIS, Nov. 21, 2024 /PRNewswire/ -- RWE, a leading renewable energy company, and Peabody (NYSE: BTU) today announced a new partnership to strategically advance r ...
Radius Recycling, Inc. Appoints Marc Hathhorn as Chief Operating Officer
GlobeNewswire News Room· 2024-11-08 21:30
PORTLAND, Ore., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ: RDUS) today announced the appointment of Marc Hathhorn as Executive Vice President and Chief Operating Officer, effective November 1, 2024. Hathhorn joins Radius from Peabody Energy Corporation (NYSE: BTU) and brings more than 30 years of leadership experience in the mining industry. Most recently, Hathhorn held the position of President--Global Operations at Peabody Energy Corporation (NYSE: BTU), overseeing 5,000 employees a ...
Peabody(BTU) - 2024 Q3 - Quarterly Report
2024-11-08 11:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 1-16463 ____________________________________________ PEABODY ENERGY CORPORATION (Exact name of regist ...
4 Coal Stocks to Watch Despite Ongoing Industry Headwinds
ZACKS· 2024-11-07 17:15
Coal Industry Overview - The Zacks Coal industry comprises companies involved in the discovery and mining of coal, which is used worldwide for electricity generation, steel, and cement production [2] - The U S has an estimated 252 billion short tons of recoverable coal reserves, with 58% being underground mineable coal [2] - Five U S states contribute 70% of annual coal production and 60% of surface mining production [2] - Coal demand is declining due to increased renewable energy usage and the gradual shutdown of coal-powered generation units [2] Industry Trends - U S coal production is projected to decline by 13 1% in 2024 and 5 2% in 2025, reaching 485 million short tons [3] - Coal prices are expected to decrease by 1 6% in 2024 and 2 1% in 2025, reaching $2 43 per million British thermal units [3] - U S coal exports are projected to drop by 2 4% in 2025 after a 5 1% increase in 2024 [3] - Global steel demand is forecasted to drop by 0 9% in 2024 but increase by 1 2% in 2025, impacting coal exports [3] Emission Policies and Reliability - Coal remains a reliable energy source for 24x7 electricity production, but emission concerns are reducing its usage [4] - The U S aims for 100% carbon pollution-free electricity by 2030 and net-zero emissions by 2050, leading to reduced coal usage [4] - Coal's share in U S electricity generation is expected to drop from 17% in 2023 to 16% in 2024 and 2025 [4] - 12 GW of coal-fired electricity generating capacity is set to retire, with coal-fired units becoming backup options [4] Interest Rate Impact - The U S Federal Reserve lowered the benchmark rate by 50 basis points to 4 75%-5%, benefiting capital-intensive coal companies [5] - Lower interest rates support coal operators planning infrastructure upgrades and expansions [5] Industry Performance and Valuation - The Zacks Coal industry has outperformed the Zacks Oil and Gas sector and S&P 500, gaining 37 9% over the past year [10] - The industry is trading at a trailing 12-month EV/EBITDA of 5 55X, compared to the S&P 500's 17 77X and the sector's 3 41X [11] - The industry's earnings estimates for 2024 have declined by 6 2% since November 2024, reflecting reduced confidence in growth potential [8] Key Coal Stocks - **CONSOL Energy (CEIX)**: Produces and exports thermal and metallurgical coal, with 2025 earnings and revenue expected to rise by 31 8% and 112 1%, respectively [14][15] - **Peabody Energy (BTU)**: Engages in thermal and metallurgical coal mining, with 2024 and 2025 earnings per share estimates increasing by 1 3% and 3 7%, respectively [15][16] - **Warrior Met Coal (HCC)**: Produces metallurgical coal for the steel industry, with a 62 1% stock gain over the past year and plans to invest $435-$500 million in 2024 [18][19] - **SunCoke Energy (SXC)**: Focuses on coke making and logistics, with a 38 3% year-over-year increase in 2024 earnings per share and a 4 36% dividend yield [20][21]
5 Low Price-to-Sales Stocks to Craft a Rewarding Investment Portfolio
ZACKS· 2024-11-06 13:31
Investing in stocks based on valuation metrics is considered a smart strategy. The price-to-earnings (P/E) ratio is often the go-to metric due to its simplicity and ease of use. However, the price-to-sales (P/S) ratio is more useful for evaluating stocks of companies that are unprofitable or in early growth stages, as it helps assess value when earnings are minimal or non-existent.What is the Price-to-Sales Ratio?While a loss-making company with a negative price-to-earnings ratio falls out of investor favor ...
Peabody(BTU) - 2024 Q3 - Earnings Call Transcript
2024-10-31 18:19
Peabody Energy Corporation (NYSE:BTU) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Karla Kimrey - VP, IR Jim Grech - President & CEO Mark Spurbeck - CFO Malcolm Roberts - Chief Marketing Officer Conference Call Participants Lucas Pipes - B. Riley Securities Katja Jancic - BMO Capital Markets Nathan Martin - The Benchmark Company Chris LaFemina - Jefferies Operator Good day, and welcome to the Peabody Energy Third Quarter 2024 Conference Call. [Operator Instructions] Pl ...