Peabody Energy reports Q3 EPS 82c, consensus 99c

Reports Q3 revenue $1.08B, consensus $1.1B. “In Q3, we delivered strong operational results with better-than-expected production and effective cost management. The diversity of our portfolio enables us to provide consistent and predictable results,” said CEO Jim Grech. “We made substantial progress on strengthening our metallurgical platform as we moved to the next stage of redevelopment at North Goonyella and agreed to acquire an adjacent coal deposit. The addition of this world-class coal deposit in the same seam as North Goonyella leverages our existing infrastructure and equipment. The acquired resources will support a North Goonyella mine life of 25 years or more, making North Goonyella a premier, tier one premium hard coking coal mine.”