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Peabody Energy (BTU) has an average rating of overweight and mean price target of $30.86, according to analysts polled by FactSet.Price: $21.48, Change: $+0.66, Percent Change: +3.15%
Peabody Energy (BTU) has an average rating of overweight and mean price target of $30.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $21.90, Change: $+1.07, Percent Change: +5.11%
Peabody Energy (BTU) reported a Q2 loss Wednesday of $0.74 per diluted share, widening from a loss of $0.23 a year earlier.Three analysts surveyed by FactSet expected a loss of $0.57 per share.Revenue for the quarter ended June 30 was $1.0 billion, up from $890.1 million a year earlier.Analysts expected $1.02 billion.Shares of the company were down nearly 11% in Wednesday premarket activity.
Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 2.6% and the State Street Energy Select Sector SPDR ETF (XLE) adding 2.9%.The Philadelphia Oil Service Sector Index was climbing up 2.6%, and the Dow Jones US Utilities Index rose 1.4%.In geopolitical news, Iran's Revolutionary Guard Corps fired missiles at vessels in the Strait of Hormuz, striking a liquefied natural gas carrier, according to media reports. "Oil prices and especially LNG rose after a Qatari LNG ship was struck by a projectile near the Omani coast as it exited the Strait of Hormuz, raising unease among shipowners while once again testing a US-Iran agreement intended to halt attacks and keep the narrow strait open," Saxo Bank said in a note.Front-month West Texas Intermediate crude oil jumped 5% to $72.00 a barrel, and the global benchmark Brent crude contract climbed 5.1% to $75.69 a barrel. Henry Hub natural gas futures added 0.5% to $3.26 per 1 million BTU.In corporate news, Shell (SHEL) expects Q2 oil-and-gas production volumes will decline due to Persian Gulf hostilities, but profit margins will swell, the energy giant reported Tuesday. Separately, Shell has agreed to sell its Shell Downstream South Africa retail and wholesale fuel business to Abu Dhabi's ADNOC Distribution at an implied enterprise value of $1 billion, ADNOC said Tuesday. Shell shares gained 4.7%.TotalEnergies (TTE) will discuss moving toward an offshore exploration contract with Syria, but Chief Executive Patrick Pouyanne said security concerns prevent a return to onshore oil operations for now, Reuters reported. Shares were up 3.1%.Peabody Energy (BTU) was selected by the US Department of Energy for funding to advance rare earth and critical mineral recovery from its Wyoming Powder River Basin resources, the company said Tuesday. Peabody shares were 0.4% higher.Equinor's (EQNR) chief crude trader David Barratt resigned from the company this week, Bloomberg reported. Barratt led the company's global crude-trading book from London, according to the report. Equinor shares rose 6.3%.
Peabody Energy (BTU) has agreed to amend its revolving credit facility with PNC Bank and others, increasing revolving commitments to $400 million from $320 million previously, the company said in a Wednesday filing with the US Securities and Exchange Commission.The amendment further extends the maturity date of the revolving commitments to June 30, 2030, from Jan. 18, 2028, the company said. It also lowers the applicable interest-rate margins on revolving loans by 25 basis points.
Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling about 3.2%.The Philadelphia Oil Service Sector Index was down 3%, and the Dow Jones US Utilities Index rose 1%.Front-month West Texas Intermediate crude oil fell 4.2% to $81.36 a barrel, and the global benchmark Brent crude contract dropped 4.2% to $83.69 a barrel. Henry Hub natural gas futures rose 1.1% to $3.16 per 1 million BTU.In sector news, a US-Iran peace framework that includes the expected reopening of the Strait of Hormuz has lifted sentiment, but it will take time for oil supply to improve meaningfully, Rystad Energy said in a note emailed Monday. Washington and Tehran have agreed to end their war that has rattled energy markets. The Strait of Hormuz -- the world's most important chokepoint for crude flows -- has remained effectively closed since the US-Israel war with Iran began at the end of February. A formal signing of the US-Iran deal is scheduled to take place in Switzerland on Friday.In corporate news, Shell's (SHEL) Sprng Energy Indian renewable power business could be acquired by Aditya Birla Group, which has emerged as the frontrunner for the unit, Bloomberg reported. Shell shares were falling 3.3%.The European Commission said it has approved a joint venture between TotalEnergies (TTE) and Masdar focused on renewable energy projects in the Asia-Pacific region. TotalEnergies shares were shedding 4.1%.DTE Energy (DTE) received a $1.6 billion loan from the Department of Energy's Office of Energy Dominance Financing to help lower energy costs in Michigan and modernize natural gas infrastructure, the Department of Energy said. Shares rose 0.8%.Peabody Energy (BTU) said Monday it terminated its amended 2020 transaction support agreement with surety providers and entered into standard indemnification agreements to support its US mine reclamation obligations. Shares were down 4.8%.
Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each dropping about 3.2%.The Philadelphia Oil Service Sector Index was down 2.4%, and the Dow Jones US Utilities Index rose 1%.The US and Iran have reached an agreement to end their war and reopen the crucial Strait of Hormuz after more than three months of conflict that disrupted regional stability and global shipping routes. "The deal with the Islamic Republic of Iran is now complete," President Donald Trump said in a social media post on Sunday. "I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the US Naval blockade."Front-month West Texas Intermediate crude oil fell 5.1% to $80.55 a barrel, and the global benchmark Brent crude contract dropped 4.7% to $83.24 a barrel. Henry Hub natural gas futures rose 0.5% to $3.14 per 1 million BTU.In corporate news, Peabody Energy (BTU) said Monday it terminated its amended 2020 transaction support agreement with surety providers and entered into standard indemnification agreements to support its US mine reclamation obligations. Peabody Energy shares were down 4.9%.Shell's (SHEL) Sprng Energy Indian renewable power business could be acquired by Aditya Birla Group, which has emerged as the frontrunner for the unit, Bloomberg reported. Shell shares were shedding 3.4%.The European Commission said it has approved a joint venture between TotalEnergies (TTE) and Masdar focused on renewable energy projects in the Asia-Pacific region. TotalEnergies shares fell 4.3%.
Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index dropping 3.1% and the State Street Energy Select Sector SPDR ETF (XLE) falling 2.7%.The Philadelphia Oil Service Sector Index was down 2.4%, and the Dow Jones US Utilities Index rose 1%.The US and Iran have reached an agreement to end their war and reopen the crucial Strait of Hormuz after more than three months of conflict that disrupted regional stability and global shipping routes. "The deal with the Islamic Republic of Iran is now complete," President Donald Trump said in a social media post on Sunday. "I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the US Naval blockade."Front-month West Texas Intermediate crude oil fell 5.1% to $80.59 a barrel, and the global benchmark Brent crude contract dropped 4.7% to $83.26 a barrel. Henry Hub natural gas futures rose 0.3% to $3.13 per 1 million BTU.In corporate news, Peabody Energy (BTU) said Monday it terminated its amended 2020 transaction support agreement with surety providers and entered into standard indemnification agreements to support its US mine reclamation obligations. Peabody Energy shares were down 4.7%.
Peabody Energy (BTU) said Monday it terminated its amended 2020 transaction support agreement with surety providers and entered into standard indemnification agreements to support its US mine reclamation obligations.The company said it also established asset-backed surety facilities for its Australian reclamation obligations, replacing cash-backed bank guarantees and cash deposits previously held by regulators.Peabody said the changes are expected to reduce overall reclamation collateral requirements and eliminate a minimum liquidity covenant.
Peabody Energy (BTU) said late Thursday it priced a private offering of $225 million in 0.50% convertible senior notes due 2031.The company said it also gave initial purchasers an option to buy up to an additional $25 million of notes.The notes carry an initial conversion price of about $38.32 per share, the company said.Peabody said it plans to use about $15 million of the proceeds for capped call transactions aimed at limiting shareholder dilution.The rest of the proceeds, along with cash on hand, will fund the repurchase of about $241.2 million of its outstanding 3.250% convertible senior notes due 2028 for roughly $388.8 million in cash, it addd.The offering is expected to close on Tuesday.
Peabody Energy (BTU) said Thursday that it plans to offer $225 million of convertible senior notes due 2031 in a private offering to qualified institutional buyers.The company said it will offer initial purchasers an option to buy up to an additional $25 million of the notes.Peabody said the terms, including the interest rate and initial conversion rate, will be determined when the offering is priced.The company said it intends to use net proceeds from the offering to fund capped call transactions and buy back a portion of its outstanding 3.250% convertible senior notes due 2028.Shares of the company were up more than 4% in premarket activity Thursday.
Teck Resources' (TECK) merger partner Anglo American has agreed to sell its Australian steelmaking coal business to Dhilmar for cash proceeds of up to $3.88 billion, the company said Monday.The transaction includes an upfront cash payment of $2.3 billion at closing and a price-linked earnout of up to $1.58 billion, Anglo American said.The steelmaking coal portfolio includes stakes in the Moranbah North, Grosvenor, Capcoal, Dawson and other coal joint ventures in Australia.Cash proceeds from the transaction, expected to close in Q1 2027, will be used to reduce net debt, the company said.Anglo American also said it continues to pursue arbitration proceedings with Peabody Energy (BTU) related to Peabody's terminated agreement to acquire the coal portfolio.Teck Resources shares were down nearly 1% in Monday premarket trading.
Peabody Energy (BTU) has an average rating of overweight and mean price target of $36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $24.90, Change: $-0.09, Percent Change: -0.36%
Energy stocks were lower premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) retreating 0.2%.The United States Oil Fund (USO) fell by 1.8%, while The United States Natural Gas Fund (UNG) was 0.5% lower.Front-month US West Texas Intermediate crude oil was down 2.4% at $103.85 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 1.6% to $112.63 per barrel, and natural gas futures were 1.3% lower at $2.83 per 1 million British Thermal Units.Enlight Renewable Energy (ENLT) stock was up over 4% before the opening bell after the company reported higher-than-expected Q1 earnings and revenue.Kosmos Energy (KOS) stock was down more than 6% before the opening bell after the company reported a Q1 adjusted loss versus analysts' expectations of earnings.Peabody Energy (BTU) shares were 5% lower in premarket activity after the company swung to a Q1 loss.
Peabody Energy (BTU) reported a Q1 loss Tuesday of $0.27 per diluted share, swinging from earnings of $0.27 a year earlier.Analysts surveyed by FactSet expected earnings of $0.09.Revenue for the quarter ended March 31 was $973.3 million, up from $937 million a year earlier.Analysts polled by FactSet expected $977.4 million.Shares of the company were down 4.3% in recent Tuesday premarket activity.
Peabody Energy (BTU) has an average rating of overweight and mean price target of $37.79, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $26.59, Change: $-0.85, Percent Change: -3.10%
