Peabody bullish on met coal despite flat qtr.
Apr 20, 2012 | 09:30 AM
| Lisa Gordon
Tags
Peabody,
coal,
metallurgical coal,
supply chain,
Lisa Gordon
PITTSBURGH — Peabody Energy Corp. reported flat income on higher revenue in the first quarter, primarily due to higher operating costs, but the metallurgical coal market appears to have stabilized, which may result in a better performance in the second half of this year, the company said.
"Recent data suggest that metallurgical coal markets have stabilized with upside potential in the second half," Gregory H. Boyce, Peabody’s chairman and chief executive officer, said in its earnings release this past week.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here