BTU - Peabody Energy GAAP EPS of $2.54 misses by $0.56 revenue of $1.32B misses by $30M
- Peabody Energy press release ( NYSE: BTU ): Q2 GAAP EPS of $2.54 misses by $0.56 .
- Revenue of $1.32B (+82.5% Y/Y) misses by $30M .
- Adjusted EBITDA of $578 million, the highest quarterly result in more than a decade, as a result of record seaborne pricing
- $342 million of Free Cash Flow and a cash and cash equivalents balance that exceeds our total long-term debt by $74 million
- Shipped first metallurgical coal from Moorvale South, completing project which upgrades and diversifies product quality at the CMJV
- Shoal Creek completed set-up and commenced production on the J2 longwall panel
- Strengthened the balance sheet with $51 million of additional senior secured debt reductions and a further $116 million that settled subsequent to June 30, 2022
- Shares -1.14% PM.
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Peabody Energy GAAP EPS of $2.54 misses by $0.56, revenue of $1.32B misses by $30M