29
Jul
18:35
Peabody achieves strong Q2 performance
St. Louis, Missouri-based coal producer Peabody's second quarter earnings shifted green, with the company achieving its most profitable quarterly earnings in over a decade, Kallanish notes.
Peabody earned $410.6 million on sales of $1.32 billion during Q2, resulting from rising prices for seaborne coal. In comparison to last year's performance, the company's earnings are up from a loss of $25.3m on sales of $723.4m during Q2 2021.
"This quarter w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous