Peabody Energy marks $94.7 million November operating loss; revenue up

By Caroline Salls

Pittsburgh, Dec. 20 – Peabody Energy Corp. posted a $94.7 million operating loss for November on $504.4 million in total revenue, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.

Those figures compared to $6.1 million of operating income reported for October on $390.8 million in total revenue.

The November operating loss included a $180 million asset impairment.

The net loss for November was $160 million, widening from a $20.3 million October net loss.

The company had $1,262,700,000 in cash and cash equivalents as of Nov. 30, up from $1,177,200,000 at the end of October.

Peabody, a St. Louis-based coal producer, filed bankruptcy on April 13, 2016 in the U.S. Bankruptcy Court for the Eastern District of Missouri. The Chapter 11 case number is 16-42529.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.