NYSE:BTUOil and Gas
Peabody Energy Faces Centurion Setback Testing Met Coal Growth Story
Peabody Energy (NYSE:BTU) reported that first quarter sales volumes at its Centurion mine in Australia are below prior expectations.
The shortfall stems from greater than anticipated commissioning challenges at the new operation.
Following this update, an analyst reduced the price target on Peabody Energy shares.
Peabody Energy is a large coal producer with operations across the United States and Australia, and the Centurion mine is one of its key new Australian assets. Commissioning issues...