Jul. 29 at 1:20 PM
$BTU’s July 29 quarter was weak: a
$90.6 million net loss and just
$24 million of adjusted EBITDA, down from
$93.3 million a year ago. The investment case still turns on Centurion.
Peabody expects 1.5 to 2.0 million tons of sales there in the second half, but it also raised full-year metallurgical coal cost guidance. Stronger seaborne thermal pricing and
$959.1 million of liquidity provide some support.
I’m watching whether Centurion’s ramp finally converts higher output into lower unit costs.
$BTU
Not financial advice. Do your own research.