NYSE:BTUOil and Gas
Peabody Energy (BTU) Stock Price Ignores Centurion Losses For Now
Peabody Energy stock ticked up about 3% to around US$21 after earnings, which is a calm move for a company that just reported another heavy quarterly loss. The market seems to be keying off one thing: the margin squeeze tied to the Centurion metallurgical mine is still biting hard even as seaborne thermal coal delivered solid adjusted EBITDA.
Net income from continuing operations over the last twelve months stayed in loss territory, and Q2 alone produced a loss of about US$90 million on...