Peabody Energy Corp
BRIEF: For the three months ended 31 March 2013, Peabody Energy Corporation revenues decreased 14% to $1.75B. Net loss applicable to common stockholders excluding extraordinary items totaled $14.3M vs. income of $175.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Depreciation, Depletion and Amortization increase of 18% to $170.7M (expense), Asset Ret.
Common Stock $.01 Par, 06/11, 800M auth., 279,981,794 issd., less 9,152,030 shs. in Treas. @ $350.0M. Insiders & strategic holders own 0.32%. Initial Public Offering 5/22/01, 15M shares @ $28 by Lehman Brothers. *All Pref. and Class A & Class B Common converted into Common on IPO. 02/06, 2-for-1 stock split.
Peabody Energy Corporation (Peabody) is a private-sector coal company. The Company owns interests in 28 active coal mining operations located in the United States and Australia. The Company has a majority interest in 27 of those coal operations and a 50% equity interests in the Middlemount Mine in Australia. The Company also owns a noncontrolling interest in a mining operation in Venezuela. In addition to the Company's mining operations, the Company markets and broker coals from its operations and other coal producers, both as principal and agent, and trade coal and freight-related contracts through trading and business offices. The Company conducts business through four principal segments: Western United States. Mining, Midwestern U.S. Mining, Australian Mining and Trading and Brokerage. The Company's fifth segment, Corporate and Other, includes mining and export/transportation joint ventures, activities associated with certain energy-related commercial matters, Btu Conversion.