BTU - Peabody Energy GAAP EPS of $1.16 misses by $0.56 revenue of $1.27B beats by $20M
2023-07-27 08:06:35 ET
- Peabody Energy press release ( NYSE: BTU ): Q2 GAAP EPS of $1.16 misses by $0.56 .
- Revenue of $1.27B (-3.8% Y/Y) beats by $20M .
- Q3 Outlook: Seaborne Thermal: Volumes are expected to be 4.2 million tons, including 2.7 million export tons. 0.3 million export tons are priced at $181 per ton, and approximately 1.4 million tons of high ash product and 1.0 million tons of Newcastle product are unpriced. Costs are expected to be $45-$50 per ton.
- Seaborne Metallurgical: Seaborne met volumes are expected to be 1.5 million tons. 0.2 million tons are priced at $216 per ton. The remaining unpriced volumes are expected to achieve 70 to 80 percent of the premium hard coking coal price index. Costs are expected to be $115-$125 per ton.
- U.S. Thermal: PRB volume is expected to be approximately 21 million tons at an average price of $13.80 per ton and costs of approximately $11.75 per ton.
- Other U.S. Thermal volume is expected to be approximately 4.2 million tons at an average price of $50.50 per ton and costs of approximately $41 per ton.
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Shares -4.28% PM.
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Peabody Energy GAAP EPS of $1.16 misses by $0.56, revenue of $1.27B beats by $20M