Loading...
Loading...
- Peabody Energy BTU reported first-quarter FY23 sales growth of 97.2% year-on-year to $1.36 billion, beating the consensus of $1.23 billion.
- Adjusted EPS of $1.68 beats the analyst consensus of $1.39. The company reported a loss of (0.88) per share in the prior-year quarter.
- Segment Details: The seaborne thermal segment shipped 3.6 million tons (-5.3% Y/Y) with an Adjusted EBITDA of $164.0 million.
- The seaborne metallurgical segment shipped 1.3 million tons (+8% Y/Y) with an Adjusted EBITDA of $90.8 million.
- Powder River Basin shipped 22.0 million tons (+6.8% Y/Y) with an Adjusted EBITDA of $35.8 million.
- The other U.S. thermal segment shipped 4.5 million tons (+7.1%) with an Adjusted EBITDA of $64.2 million.
- The company's board approved a $1 billion share repurchase authorization. Peabody declared a quarterly dividend on its common stock of $0.075 per share, payable on May 31, 2023.
- Peabody ended the quarter with $1.7 billion of cash and equivalents. In the first quarter, the company generated $386.3 million of cash flow from operations
- The company also provided a production outlook for its second quarter.
- Price Action: BTU shares are trading higher by 1.64% at $23.80 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in