18
Oct
17:51
Peabody reports strong coal sales
Peabody says its third quarter coal sales in excess of $900 million were the highest in seven quarters, Kallanish learns from the St. Louis, Missouri-based coal producer.
When it posts its full Q3 financial results on 28 October, Peabody expects to report quarterly revenue of $670-690m, net of $238m of unrealised mark-to-market losses related to forward pricing hedges. Its Q3 net loss from continuing operations is expected to be in the $40-60m range.
In the first…
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Anonymous
Very good overview of the weekly steel market.
Anonymous