BTU - Peabody Energy sees no material impact from Shoal Creek mine fire

2023-03-30 08:19:25 ET

Peabody Energy ( NYSE: BTU ) -0.7% pre-market Thursday after saying it expects yesterday's fire at its Shoal Creek mine in Alabama will not have a material impact on 2023 financial results.

Peabody ( BTU ) said it is continuing to work with the Mine Safety and Health Administration on a re-entry plan, adding that gas monitoring of exhaust air is showing acceptable air quality and atmospheric conditions within the mine.

The temporarily shuttered Shoal Creek mine is the company’s lone producer of metallurgical coal for export in the U.S.

Peabody Energy ( BTU ) is "one of the cheapest coal producers out there," but is poised for a potential 2023 special dividend or massive buyback, Bram de Haas writes in an analysis published recently on Seeking Alpha .

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