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US Coal Producers: BTU, ARCH, etc


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US Coal  Producers

BTU / Peabody Coal vs. USO, OilB, OIH ... fr. 1/2017 : 1/2018 : 11/1/2018 : 10d:  BTU ($31.01) / USO ($11.95) = r-2.59

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Top4? : CLD... BTU, ARCH, CCR / Consol.Coal ... update :

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ARLP / Alliance Holdings -etc. ... update :

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Sym. Last-$ : chg. : + Pct. : Volume / Pr/BV : EV/eb: Yield : PE-R: 12mo-Range :
BTU: $31.01 +1.21 : +4.06% : 465 k  /  r0.00 : r10.0 : 1.68% : 6.87 (29.08 - 47.84)
USO: $11.95 +0.07 : +0.59% : 13.1M /  r0.00 : r10.0 : N/A... : N/A  ($9.23 - 16.24)
OIL- : $17.30 - 0.11 : - 0.63% : 4.12M /  r0.00 : r10.0 : 1.73% : N/A (13.13 -  29.87)
Arch: $90.86 - 0.85 : - 0.93% : 215 k  /  r0.00 : r10.0 : 1.98% : 5.92 (75.09-102.61)
CLD : $0.541 - .039 : - 6.64% : 5.13M /  r0.00 : r10.0 :  N/A...: N/A (0.255  - $4.10)
Arlp: $19.05 +0.09  : +0.47% : 265 k   /  r0.00 : r10.0 : 11.1% : 6.94 (15,55 - 20.99)

Ratio: BTU (Peabody Coal) -to WTI Crude/ Key Support at 52%, and 2.50 against USO

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Who are some of Peabody Energy's key competitors?

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Rank Company Percent of total production
1 Peabody Energy / BTU 19.0%
2 Arch Coal 13.6%
3 Cloud Peak Energy 8.6%
4 Alpha Natural Resources 8.0%
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USO-etc / The comparison chart of energy sector - incl. BTU

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BTU / Peabody Coal ... all data :

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ARCH / Arch Coal ... update :

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CLD / Cloud Peak Energy ... update :  xx : 1yr / 10d - Last: $0.54

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Alpha Natural Resources: In November, 2018 the company was acquired by Contura Energy.

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CLD / Cloud Peak ... 1-year : 3mo / Last: $0.54

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Cloud Peak Energy Provides Update on Strategic Alternatives Review

Cloud Peak Energy Inc. (NYSE: CLD) (the “Company”), the only pure-play Powder River Basin (“PRB”) coal company, today announced that it has retained Centerview Partners LLC as its investment banker, Vinson & Elkins LLP as its legal advisor, and FTI Consulting, Inc. as its financial advisor to assist the Company and its Board of Directors in the Company’s review of capital structure and restructuring alternatives. During this review process, the Company’s mines will continue normal operations, safely and efficiently meeting our customer commitments.

As disclosed on November 13, 2018, the Company’s Board, working together with its management team and legal and financial advisors, commenced a review of strategic alternatives, including a potential sale of the Company, and previously engaged J.P. Morgan Securities LLC as its financial advisor and Allen & Overy LLP as legal counsel in connection with exploring sale opportunities.

About Cloud Peak Energy®

Cloud Peak Energy Inc. (NYSE:CLD) is headquartered in Wyoming and is the only pure-play Powder River Basin coal company. As one of the safest coal producers in the nation, Cloud Peak Energy mines low sulfur, subbituminous coal and provides logistics supply services. The Company owns and operates three surface coal mines in the PRB, the lowest cost major coal producing region in the nation. The Antelope and Cordero Rojo mines are located in Wyoming and the Spring Creek Mine is located in Montana. In 2017, Cloud Peak Energy sold approximately 58 million tons from its three mines to customers located throughout the U.S. and around the world. Cloud Peak Energy also owns rights to substantial undeveloped coal and complementary surface assets in the Northern PRB, further building the Company’s long-term position to serve Asian export and domestic customers.

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RATIOS

CLD vs. BTU, USO ... since 10/1/18 : 11/1/18 / Last: $0.54 / BTU-$00.00 (r-00%) , USO-$00.00

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Ratio: CLD-toBTU

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Ratio: BTU-toUSO

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BTU vs. USO, etc : 11/1/2018 : $31.01 / $11.95 = r 2.595

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The company supplies coal primarily to electricity generators, industrial facilities, and steel manufacturers.

It owns interests in 23 coal mining operations located in the United States and Australia.

Peabody Energy Corp.

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining; Midwestern U.S. Mining; Western U.S. Mining; Australian Metallurgical Mining; Australian Thermal Mining; and Trading & Brokerage. The Powder River Basin Mining segment operations consist of its mines in Wyoming. The Midwestern U.S. Mining segment mines mine bituminous coal deposits. The Western U.S. Mining segment mines both bituminous and sub-bituminous coal deposits. The Australian Metallurgical Mining segment engages in the export of coal of thermal grade. The Australian Thermal Mining segment mines coal of metallurgical grade. The Trading & Brokerage segment engages in the direct and brokered trading of coal and freight related contracts through the trading and business offices. The company was founded by Francis S. Peabody in 1883 and is headquartered in St. Louis, MO.

Peabody Energy Corporation (BTU) Top Holders

Institutional investors currently hold around $3.59 billion or 6.4% in BTU stock. Look at its top three institutional owners. Elliott Associates, L.P. owns $874.28 million in Peabody Energy Corporation, which represents roughly 24.77% of the company’s market cap and approximately 24.35% of the institutional ownership. Similar statistics are true for the second largest owner, Susquehanna International Group, Llp, which owns 9,335,303 shares of the stock are valued at $289.77 million. The third largest holder is Vanguard Group Inc, which currently holds $259.65 million worth of this stock and that ownership represents nearly 7.36% of its market capitalization.

BTU: $31.01 +1.21, +4.06%, vol. 465k  / Yield: 1.68%, PER: 6.87 (29.08 - 47.84)
USO: $11.95 +0.07, +0.59%, vol.13.1M / Yield: N/A..., PER: N/A  ($9.23 - 16.24)
OIL-: $17.30  - 0.11, - 0.63%, vol.4.12M / Yield: 1.73%, PER: N/A (13.13 -  29.87)
Arch $90.86  - 0.85, - 0.93%, vol. 215k  / Yield: 1.98%, PER: 5.92 (75.09-102.61)
CLD : $0.541 - .039, - 6.64%, vol. 5.1M / Yield:  N/A..., PER: N/A (0.255  - $4.10)

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Peabody Energy's (BTU) Q4 Earnings & Revenues Beat Estimates

  • on Zacks.com

 

 

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Australian high CV thermal coal prices at 19-month low, but not for long

The benchmark Newcastle high energy thermal coal price has fallen from US$100/tonne at the turn of the new year to US$88/tonne. Thermal coal has been hit in early February due to seasonality of purchasing in the lead up to Chinese New Year and customs delays impacting Australian vessels into China. Will this move be another short-term blip and mirror the volatility seen last year, or is a broader correction at play?

Australian high CV thermal coal supply to remain tight

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In 2019, demand growth in the Asia-Pacific market will require an extra 3 million tonnes of bituminous thermal coal. By 2023, we anticipate a further 34 Mtpa of bituminous coal demand in the region, led by India, Vietnam, South Korea, Pakistan and Malaysia.

While demand is increasing, Australian high CV thermal coal supply fell last year and will only partially recover this year. The recovery might be further constrained should producers target more semi-soft sales.

The ramp up of MACH Energy’s Mt Pleasant coal mine in New South Wales caters for nearly all the change, with high CV supply (ex. Mt Pleasant) essentially flat over 2019-21.

High CV supply could retreat again in 2022 due to lower output at Glencore’s Mt Owen mine and a possible closure at Liddell. Coal quality at BHP’s Mt Arthur mine is also expected to gradually decline. By 2023, we see a growing likelihood of a return to 2018 production levels.

Australian high CV thermal coal supply 2018-2023

Mine performance and quality issues limit supply response
The fall in Australian high CV thermal coal supply helped prices move nearly US$20/tonne higher in 2018. Widening price spreads between high CV and high ash thermal coal begged questions as to why we weren’t seeing a supply response? Part of that answer rests on specific constraints at a few large thermal coal mines in Australia, which contrary to expectations of growth, actually recorded declines in output. Some mines had short-term sequencing changes, while others battled with falling product quality. Pricing differentials between high CV thermal and semi-soft also played a part, with lower semi-soft supply offsetting the fall in high CV supply.

Two of the largest mines in New South Wales, BHP’s Mt Arthur and Yancoal/Glencore’s HVO, reported declines in output in 2018 of 4% and 11% respectively. In Mt Arthur’s case, saleable output was constrained by a lower washing yield, declining coal quality and adverse weather. At HVO, mine plans had been remodelled following a strategic review of operations following the takeover from Rio Tinto. Meanwhile, output at Whitehaven’s underground Narrabri mine fell nearly 30% as it worked around a geological fault. We also understand a number of Glencore’s mines were technically constrained in their ability to increase higher CV volumes by washing capacity.

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Mandatorily Convertible Preferred Equity Summary Terms

Mandatorily Convertible Preferred Equity (Private Placement)

IssuerPeabody Energy CorporationThe Preferred EquityMandatorily convertible preferred equity

Amount$750 million

MaturityNone Private Placement

PremiumsAn initial commitment premium equal to 8.0% of the $750mm committed amount 2.5% monthly ticking fee beginning on 03-April-2017 until the Effective DateDividendRate8.5% PIK per annum, payable semi-annually Dividends shall accumulate to the extent not paidDividendPreferencePreferred as to the payment of dividends or distributions, upon liquidation or otherwise, over any junior class of capital stock issued by the Issuer and its subsidiariesConversion at the Optionof the HolderConvertible into Common Stock at any time, at the option of the holder, at a conversion price based on a discount of 35% to plan equity value, subject to anti-dilution protection Mandatory ConversionAutomatically converts into shares of Common Stock at the conversion price if the volume weighted average price of the Common Stock exceeds 130% of the plan common equity value for a least 45 trading days in a 60 consecutive trading day period, including each of the last 20 days in such 60 consecutive trading day periodIf Mandatory Conversion occurs within the first 36 months after the Effective Date, the applicable conversion price will be adjusted to reflect the amount of dividends that would otherwise have been payable within the first 36 monthsDuring the first 45 trading days post Effective Date, a Mandatory Conversion will be deemed to have occurred if the volume weighted average price of Common Stock exceeds 150% of the plan common equity value for at least 10 trading days, including each of the last 5 of the 10 trading days when the threshold is achieved If holders of at least 66 2/3% of all outstanding Preferred Equity (the “Electing Holders”) elect to convert, then all Preferred Equity outstanding not held by the Electing Holders shall automatically convert simultaneo

> presentation - pg.30 : https://www.peabodyenergy.com/Peabody/media/MediaLibrary/Investor Info/June-Conference-FINAL.pdf

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  • 2 weeks later...

Peabody Energy (coal producer) getting cheap enough

RATIO of BTU to USO Oil may suggest a Buying opportunity

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Here's Peabody / BTU on its own

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USO-etc / The comparison chart that got me to look at the Ratio above

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==

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NEWS items

EX-DIV

Peabody Energy Corporation ( BTU ) will begin trading ex-dividend on March 11, 2019. A cash dividend payment of $1.85 per share is scheduled to be paid on March 20, 2019. Shareholders who purchased BTU prior to the ex-dividend date are eligible for the cash dividend payment.

(robots wrote this):

Peabody Energy Corporation (NYSE:BTU) Logo

 

The stock of Peabody Energy Corporation (NYSE:BTU) is a huge mover today! The stock increased 0.07% or $0.02 during the last trading session, reaching $28.82. About 541,517 shares traded. Peabody Energy Corporation (NYSE:BTU) has declined 23.64% since March 11, 2018 and is downtrending. It has underperformed by 28.01% the S&P500.
The move comes after 7 months negative chart setup for the $3.12B company. It was reported on Mar, 11 by Barchart.com. We have $27.67 PT which if reached, will make NYSE:BTU worth $124.80 million less.

Analysts await Peabody Energy Corporation (NYSE:BTU) to report earnings on April, 24. They expect $0.68 earnings per share, down 18.07 % or $0.15 from last year’s $0.83 per share. BTU’s profit will be $73.62 million for 10.60 P/E if the $0.68 EPS becomes a reality. After $0.88 actual earnings per share reported by Peabody Energy Corporation for the previous quarter, Wall Street now forecasts -22.73 % negative EPS growth.

> more: https://whatsonthorold.com/2019/03/11/peabody-energy-corporation-btu-cant-be-more-risky-trades-sigfnicicantly-lower/

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Peabody may be headed to $28

BTU / Peabody Energy ... update : $28.89 -$0.65, -2.20% vol. 670.7k, Yield: 1.80%, PER: 6.43

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==

 

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  • 2 weeks later...

ENERGY: is Pushing from both sides!

Oil, UP!, Uranium, Down! ... & Coal falling to their "benchmark" level

BTU vs. the U/USO "benchmark" ... fr. 11/1/2015 : $28.38 $3.27 & $12.47 : r-2??%

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Uranium-URPTF (U.t in USD) vs Oil (USO) ... 4yr : fr. 3/18/2015 : $3.27 & $12.47 : r-26.2%

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Ratio: BTU-to-USO: 

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  • 5 months later...

COAL Co's & Prices

COAL & NATGAS stocks

Sym.*: Last: MktCp: EValue: Ebitda: EV/eb: $Debt: Yrs/eb: Earns: PE-R: Div.: Yield: BkVal.: Lo-Yr
BTU :  18.37: $1.89B: $2.54B: $1.12B: r2.28: $1.44B r1.29y: $4.26: r4.33: 0.52: 2.97%: 29.91: 16.41
Ceix :  17.42: $449M: $1.30B: $414M: r3.13: $836M r2.02y: $3.67: r4.72: 0.00: 0.00%: 17.18: 15.92
CCR :  13.26: $366M: $566M: $105M: r5.37: $190M r1.81y: $1.95: r6.80: 2.05: 15.3%: $7.72: 12.302
Arch:  13.26: ???
CNX* $8.32: $1.54B: $5.14B: $986M: r5.22: $2.84B r2.88y: $1.49: r5.58: 0.00: 0.00%: 23.06: $6.14
CHK* $1.79: $3.37B: $15.3B: $3.05B: r5.02: $9.75B: r3.20y: (33.0) rNEG: 0.00: 0.00%: $1.56: $1.26
RRC* $4.38: $1.15B: $5.00B: $1.32B: r3.78: $3.85B: r2.91y: (6.47): rNEG: 0.08: 1.83%: 17.07: $3.36
Swn* $2.14: $1.16B: $3.42B: $1.40B: r2.45: $2.42B: r1.73y: $1.81: r1.16: 0.00: 0.00%: $5.71: $1.56
DMY: 00.00: $1.00B: $1.00B: $1.00B: r0.00: $1.00B: r0.00y: $0.00: r0.00: 0.00: 0.00%: $0.00:
====
*Natgas spinoff from Consol, Energy (CEIX); & other Natgas

COAL Co's: BTU, CEIX, CCR ... update : 10d :

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CEIX 2019 Guidance and Outlook

Based on our year-to-date results, current contracted position, approval of the Itmann project (increased capex), estimated prices and production plans, please find below our financial and operating performance guidance for 2019:

  • Coal sales volumes (100% PAMC) - 26.8-27.8 million tons
  • Coal average revenue per ton sold - $47.70-$49.70
  • Cash cost of coal sold per ton4 - $30.40-$31.40

Internationally, thermal coal prices have come under pressure since the beginning of 2019 due to pullback in global LNG prices and other factors such as weak weather-related demand in Japan and Korea and softening demand in Europe due in part to an influx of Russian coal.

==== / COAL PRICES : $DJUSCL, US Coal Index

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US COAL PRICES

Coal PRICE in USD - Historical Prices
Date Closing Price
08/22/2019     48.05
08/23/2019     47.80
08/26/2019     47.80
08/27/2019     47.80

> source: https://markets.businessinsider.com/commodities/coal-price

   
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First Quarter 2019 Highlights

Highlights of the CEIX first quarter 20191 results include:

  • GAAP net income of $20.3 million and adjusted net income2 of $39.5 million;
  • Total GAAP dilutive earnings per share of $0.52 and adjusted dilutive earnings per share2 of $1.21;
  • Net cash provided by operations of $82.2 million;
  • Adjusted EBITDA2 of $118.5 million;
  • Organic free cash flow net to CEIX shareholders2 of $42.4 million;
  • Reduced total debt by $100 million during the quarter;
  • Total net leverage ratio2 reduced to 1.7x on March 31, 2019 compared to 2.0x on March 31, 2018;
  • Increased share and debt repurchase program to $175 million; 2.5% of outstanding shares repurchased since the spin3;
  • Amended credit facilities and paid down debt to lower annual interest expense by $15 million, improve operational and financial flexibility, extend maturities and boost liquidity; and
  • Extended a major export contract through the end of 2020; pricing terms unchanged.

Internationally, thermal coal prices have come under pressure since the beginning of 2019 due to pullback in global LNG prices and other factors such as weak weather-related demand in Japan and Korea and softening demand in Europe due in part to an influx of Russian coal. We are already beginning to see an export supply response from several countries that should help to stabilize API2 and Newcastle prices. We believe the recent market behavior is consistent with normal cycle trends exacerbated by transient items. We believe longer-term coal pricing will be driven by continued growth of coal-fired generation capacity build out in Asia, limited investments in coal supply, and tightening supply-demand fundamentals for LNG in 2021. According to our analysis of data from IHS Markit, approximately 111 GW of new coal-fired capacity is under construction globally for commissioning between 2019-2024. Furthermore, an additional 300 GW of new coal-fired capacity is in the planning stages. We believe this bodes well for seaborne thermal coal demand, particularly for high-Btu NAPP coal.

Investors Who Bought CONSOL Energy (NYSE:CEIX) Shares A Year Ago Are Now Down 62%

During the unfortunate twelve months during which the CONSOL Energy share price fell, it actually saw its earnings per share (EPS) improve by 21%. It could be that the share price was previously over-hyped. It's fair to say that the share price does not seem to be reflecting the EPS growth. So it's easy to justify a look at some other metrics.

CONSOL 11.00% Senior Secured Notes due 2025 or common units of ...

Expansion of Share and Debt Repurchase Program

CONSOL's Board of Directors ("Board") has increased its previously authorized repurchase program to an aggregate amount of up to $175 million from $100 million and extended the program through June 30, 2020 ("repurchase period"). Under the new authorization, CONSOL management may purchase, from time to time, outstanding shares of CONSOL's common stock, its 11.00% Senior Secured Second Lien Notes due 2025, amounts outstanding under its Term Loan B and Term Loan A Facilities, and common units of CONSOL Coal Resources LP ("CCR units"). These securities may be purchased in the open market, through negotiated purchases or otherwise.

2019 Guidance and Outlook

Based on our year-to-date results, current contracted position, approval of the Itmann project (increased capex), estimated prices and production plans, please find below our financial and operating performance guidance for 2019:

  • Coal sales volumes (100% PAMC) - 26.8-27.8 million tons
  • Coal average revenue per ton sold - $47.70-$49.70
  • Cash cost of coal sold per ton4 - $30.40-$31.40
  • CONSOL Marine Terminal Adjusted EBITDA4 - $40-$45 million
  • Adjusted EBITDA4 (incl. 100% PAMC) - $380-$440 million
  • Effective tax rate - 8-12%
  • Capital expenditures (incl. 100% PAMC) - $155-$185 million
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CCR / Consol Coal Resources ... all-data / last: $13.26

x

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    About CONSOL Coal Resources LP
    CONSOL Coal Resources LP (NYSE: CCR) is a Canonsburg-based growth-oriented master limited partnership, sponsored by CONSOL Energy, Inc. CCR owns 25% undivided interest in and management and control rights in CONSOL Energy’s Pennsylvania mining complex. The Pennsylvania mining complex consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electricity generators in the eastern United States. Given the strategic geographic location of the complex, high quality reserve base, logistical advantages and access rights to CONSOL Energy’s Baltimore terminal, CCR is well positioned to serve both domestic and international markets..

    As of December 31, 2016, the Pennsylvania mining complex included 767 million tons (191.8 million tons net to our 25% interest ) of proven and probable coal reserves with an average gross heat content of approximately 13,000 Btus per pound and an average sulfur content of 2.36%.  Additional information may be found at www.ccrlp.com.

    BRIEF-David Einhorn Reports 19.9% Stake In Consol Coal Resources As Of August 16, 2019

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    Peabody Weaker - here's why

    BTU / Peabody Coal

    xx

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    BTU / Peabody Coal : chart : $17.42 - 6% (YrLow: $16.41, off Low: +xx%)

    from above:

    Sym.*: Last: MktCp: EValue: Ebitda: EV/eb: $Debt: Yrs/eb: Earns: PE-R: Div.: Yield: BkVal.: Lo-Yr
    BTU :  18.37: $1.89B: $2.54B: $1.12B: r2.28: $1.44B: r1.29y: $4.26: r4.33: 0.52: 2.97%: 29.91: 16.41

    :: -------------2017------------: -------------2018------------: -------------2019------------:
    :: Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS :
    Q1 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$1.12:
    Q2 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.34:
    Q3 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00:
    Q4 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00:
    ========
    YR 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00:
    ========

    Peabody Energy Corporation engages in coal mining business. The company operates through Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other segments. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; mining bituminous and sub-bituminous coal deposits; and mining metallurgical coal, such as hard coking coal, semi-hard coking coal, semi-soft coking coal, and pulverized coal injection coal. The company supplies coal primarily to electricity generators, industrial facilities, and steel manufacturers. As of December 31, 2018, it owned interests in 23 coal mining operations located in the United States and Australia; and had approximately 4.9 billion tons of proven and probable coal reserves and approximately 500,000 acres of surface property through ownership and lease agreements. The company also engages in direct and brokered trading of coal and freight-related contracts, as well as provides transportation-related services, which involve financial derivative contracts and physical contracts. Peabody Energy Corporation was founded in 1883 and is headquartered in St. Louis, Missouri. On April 13, 2016, Peabody Energy Corporation and its subsidiaries filed a voluntary petition for reorganization under Chapter 11 in the United States Bankruptcy Court for the Eastern District of Missouri.

     
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    REvs + Earnings, Cont.Ops
    ::: -------------2017------------: -------------2018------------: -------------2019------------:
    ::: Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS :
    Q1 0.00B-$10.64--N/A--00.%-$0.00: 0.00B-$13.09-36.50-000%-$0.00: 0.00B-$12.50-28.33-000%-$1.12:
    Q2 0.00B-$09.50-24.45-00.%-$0.00: 1.31B-$15.06-45.48-000%-$0.93: 1.15B-$12.04-24.10-000%-$0.37:
    Q3 0.00B-$10.43-29.01-00.%-$0.00: 0.00B-$15.52-35.64-000%-$0.00:
    Q4 0.00B-$12.01-39.37-00.%-$0.00: 0.00B-$09.66-30.48-000%-$2.20:
    ========
    YR 0.00B-$12.01-39.37-00.%-$0.00: 0.00B-$09.66-30.48-000%-$0.00: LAST >$12.10-17.42-000%
    ========

    ratio:BTU/USO

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    REvs + Earnings, Cont.Ops
    ::: -------------2017------------: -------------2018------------: -------------2019------------:
    ::: Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS :
    Q1 0.00B-$10.64--N/A--000%-$0.00: 0.00B-$13.09-36.50-279%-$0.00: 0.00B-$12.50-28.33-227%-$1.12:
    Q2 0.00B-$09.50-24.45-257%-$0.00: 1.31B-$15.06-45.48-302%-$0.93: 1.15B-$12.04-24.10-200%-$0.37:
    Q3 0.00B-$10.43-29.01-278%-$0.00: 0.00B-$15.52-35.64-230%-$0.00:
    Q4 0.00B-$12.01-39.37-328%-$0.00: 0.00B-$09.66-30.48-316%-$2.20:
    ========
    YR 0.00B-$12.01-39.37-328%-$0.00: 0.00B-$09.66-30.48-316%-$0.00: LAST >$12.10-17.42-144%
    ========

    ratio:BTU/USO
    xx

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    REvs + Earnings, Cont.Ops
    ::: -------------2017------------: -------------2018------------: -------------2019------------:
    ::: Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS :
    Q1 ----B-$10.64--N/A-----%-$----: 1.46B-$13.09-36.50-279%-$0.83: 1,26B-$12.50-28.33-227%-$1.15:
    Q2 0.00B-$09.50-24.45-257%-$0.00: 1.31B-$15.06-45.48-302%-$0.93: 1.15B-$12.04-24.10-200%-$0.37:
    Q3 1.48B-$10.43-29.01-278%-$1.49: 1.41B-$15.52-35.64-230%-$0.63:
    Q4 1.52B-$12.01-39.37-328%-$2.47: 1.39B-$09.66-30.48-316%-$1.97:
    ========
    YR 4.26B-$12.01-39.37-328%-$3.81: 5.58B-$09.66-30.48-316%-$4.28: LAST >$12.10-17.42-144%
    ========

    Ratio:BTU/USO
    xx

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    Q2 STOCK REPURCHASES

    Share repurchases during the second quarter totaled $57.2 million, with an additional $51 million in July as buyback activity resumed following a required blackout period related to the PRB/Colorado joint venture transaction announced in June.  In total, Peabody has repurchased $1.22 billion under its share repurchase program, representing 25 percent of shares initially outstanding.  Approximately $283 million remains under the current $1.5 billion share repurchase program. 

    During the quarter, Peabody announced its third increase to the quarterly per-share dividend in just one year.  The company paid a $0.14 per share cash dividend on June 12, 2019 to shareholders of record on May 22, 2019. 

    Year to date through June, Peabody has returned $385.3 million in cash to shareholders, representing 122 percent of its Free Cash Flow, through its repurchase program, supplemental dividend and quarterly dividend. 

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    How coal titan Peabody, the world’s largest, fell into bankruptcy

    xx

    In the starkest sign yet of declining fortunes in the coal industry, St. Louis-based Peabody Energy, the largest and most storied U.S. coal company, announced early Wednesday that it was filing for Chapter 11 bankruptcy.

    The company cited an “unprecedented industry downturn,” which it attributed to a range of factors including an economic slowdown in China, low coal prices and “overproduction of domestic shale gas.” In the United States, cheap natural gas, driven by the shale-gas boom, has been steadily eating into coal’s share of electricity generation.

    But Peabody was also weighed down by debt from its poorly timed $5.2 billion acquisition of Macarthur Coal of Australia in 2011, near the peak for coal prices there as Peabody underestimated rival coal supplies and overestimated the growth of Chinese coal consumption. “The debt-laden capital structure became unsustainable as cash flows worsened and access to capital markets evaporated,” Fitch Ratings said Wednesday.

    Peabody said that its mines would continue operating and that its operations in Australia were not included in the Chapter 11 filing. The company also said it expected its shares to halt trading on the New York Stock Exchange.

    In a statement, the firm’s president and chief executive, Glenn Kellow, said: “This was a difficult decision, but it is the right path forward for Peabody. We begin today to build a highly successful global leader for tomorrow.”

    Shares of Peabody, whose stock trades under the symbol BTU — which is also a basic unit of energy, the British thermal unit — closed Tuesday at $ 2.06, leaving the company’s market capitalization at a measly $38 million. Shares have plunged more than 99 percent from their 2008 peak and from where they stood just five years ago. Dividend payouts to shareholders were halted in July 2015.

    How coal titan Peabody, the world's largest, fell into bankruptcy

    Apr 13, 2016 - This story has been updated. In the starkest sign yet of declining fortunes in the coal industry, St. Louis-based Peabody Energy, the largest and ...
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    NEWS
    BTU ... 10d / Last: $15.50 -1.53, -8.98% O: 16.73. H: 16.91, L: 15.32
    q2M7bel.gif
    DJ REALTIME NEWS 09/20/19
    MT NEWSWIRES 09/20/19

    Peabody Energy Corp. (BTU) shares recently traded down 8% to $15.65 after the coal company terminated a tender offer for notes.

    Peabody said late Thursday that "at this particular time, the debt markets do not accommodate a path toward completing the offers and achieving the company's refinancing objectives in an economic fashion."

    On Friday, Peabody confirmed its commitment to the pending PRB/Colorado joint venture with Arch Coal Inc. (ARCH). Peabody said it "looks forward to continuing to take the steps needed to advance the highly accretive transaction in a timely and effective manner to add value to the enterprise."

    . . . Peabody Energy (BTU) said on Friday it would continue its coal mines deal with Arch Coal (ARCH) to combine their Powder River Basin and Colorado assets through the regulatory process, saying that its balance sheet is strong even after scrapping its plan to buy back $1 billion debt notes on lukewarm support. Its shares slumped 10%.

    "The company looks forward to continuing to take the steps needed to advance the highly accretive transaction in a timely and effective manner to add value to the enterprise," the coal miner said in a statement.

    In June, the two companies said they have struck a joint venture deal, with Peabody owning 66.5% of the venture and Arch the balance, combining among others two productive and adjacent US coal mines into a single unit, hoping to unlock some $820 million synergies.

    On Thursday, Peabody said it was terminating its cash tender offers to buy $500 million of 6% senior secured notes due 2022 and $500 million of 6.375% senior secured notes due 2025, as part of its refinancing plan.

    "The debt markets do not accommodate a path toward completing the offers and achieving the company's refinancing objectives in an economic fashion," said CFO Amy Schwetz. "The company intends to pursue alternative means to accomplish its longer-term objectives in a manner that adds value to the enterprise."

    Still, the coal miner said its revolving credit facility was upsized with $215 million in additional commitments. The maturity date for $540 million of the facility was also extended to 2023.

    "The credit facility was amended to permit the company's pending PRB/Colorado joint venture," Peabody said. In April 2016, it filed for Chapter 11 bankruptcy protection, citing economic slowdown in China and low coal prices.

    . . . Earlier this week, the company said it completed an upsizing of its revolving credit facility, to help enable the pending Arch Coal Inc. (ARCH) joint venture. On Friday, Peabody "confirmed its commitment" to the Arch Coal JV, saying it continues to progress through the regulatory approval process. Arch Coal's (ARCH) stock dropped 5.2% toward the lowest close since Oct. 30, 2017 . Year to date, Peabody shares have slumped 48.7% and Arch Coal's (ARCH) stock has lost 13.2%, while the S&P 500 has gained 19.3%.

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    • 1 month later...

    Ugh! BTU : $12.48 -3.42, -21.48%

    Thank God, I was out, when Q3 was announced

    XiMU0Pn.png

    Sym.: Company—— : Last— : chg, % -chg. : Low- : High / Yr.H- : chg. %
    BTU : Peabody Coal:$12.48 -3.42, -21.48%: 12.41: 15.14/ 37.37 : -66.6%
    CCR : Consol. Coal.: $10.38 -1.70, -14.07%: 10.37: 12.20/ 21.13 : -50.9%
    Ceix : ConsolEnergy:$14.01 - 0.54. - 3.71%: 13.63: 14.41/ 41.98 : -66.6%
    Teck : Teck Res.—   :$16.97 - 0.06. - 0.35%: 16.75: 17.11/ 25.75 : -34.1%
    USO : US Oil Fund- :$11.58 - 0.07,  - 0.60%: 11.42: 11.67/ 14.16 : -18.2%
    Ngas: Wtr Natgas- :$ .026 +0.001 +4.85%: .0253: .0256/.0515  : -49.5%
    ====

    10-day :

    8jxHy2g.gif

    ===

    Date ET Symbol Type Headline
    2019-10-29 07:59 U:BTU News Release Peabody Reports Earnings For Quarter Ended September 30, 2019
    2019-10-22 16:32 U:BTU News Release Peabody U.S. Mines Recognized With National Awards For Safety And Reclamation Excellence
    2019-10-16 17:00 U:BTU News Release Peabody announces quarterly dividend per share of $0.145

    Third Quarter 2019 Results

    Third quarter 2019 revenues totaled $1.11 billion compared to $1.41 billion in the prior year driven by a 36 percent decline in seaborne metallurgical coal sales volumes and approximately $90 million in lower pricing, excluding the impact of higher Kayenta revenues.

    Depreciation, depletion and amortization (DD&A) declined $28.1 million compared to the prior year primarily due to lower contract amortization expense and final recognition of Kayenta Mine expense.  Selling, general and administrative expense (SG&A) decreased 17 percent from the prior year to $32.2 million largely due to a reduction in personnel costs.  Transaction expenses related to the PRB/Colorado joint venture totaled $8.2 million in the third quarter and are included within Adjusted EBITDA.  The company also recorded a $20.0 million impairment charge related to its Wildcat Hills Mine in the Illinois Basin, which is expected to cease operations.  The company expects this action to be cash accretive.

    Earnings from equity affiliates totaled a loss of $20.7 million, reflecting the cumulative impact of a delay in resuming and then ramping up production at the independently operated Middlemount joint venture in Queensland following a highwall failure in late June. 

    Combined, these impacts resulted in a loss from continuing operations, net of income taxes of $74.3 million compared to $83.9 million in the prior year and diluted loss per share from continuing operations of $0.77 compared to diluted earnings per share of $0.63 in the prior year.  

    Third quarter Adjusted EBITDA totaled $150.3 million versus $372.1 million in the prior year, reflecting previously announced effects of pricing, shipments and lower Middlemount earnings. 

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    • 1 month later...

    BTU : TAX LOSS Selling ... Could end soon

    BTU ... 3yr : / Last: $9.04, vs. Low of $8.65 : 4.5% higher

    gZl1fjh.png

    BTU -versus-Coal Cos... 10d / Last

    41S8zoA.gif

    TECK
    wchadnI.png

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    Small One: 347 M shs OS x $0.07 = MktCap: C$24 Million

    Not much of a coal play any longer

    FT.t / Fortune Minerals ... 5yr : 2yr: 1yr: 6mo: 10d/ xx

    uoXU5OL.gif

    ==

    NEWS

    Date ET Symbol Price Type Headline
    2019-12-20 14:51 C:FT 0.08 News Release Fortune Minerals closes $475,000 2nd tranche financing

    FORTUNE MINERALS CLOSES ADDITIONAL PRIVATE PLACEMENT OF FLOW-THROUGH COMMON SHARES

    Fortune Minerals Ltd. has closed the second tranche of a private placement of common shares issued on a flow-through basis pursuant to the Income Tax Act (Canada). A total of 4.75 million new common shares were issued at a price of 10 cents per share, providing the company with gross proceeds of $475,000. The funds received from this private placement will be used to finance eligible Canadian exploration expenses on the company's wholly owned NICO cobalt-gold-bismuth-copper project in Northwest Territories. This close is in addition to the private placement announced in November (see Fortune's news release dated Nov. 19, 2019), bringing the cumulative gross proceeds raised under the offering to $1,225,000

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