Peabody Energy posts $32.9 million July operating loss; revenue down

By Caroline Salls

Pittsburgh, Aug. 19 – Peabody Energy Corp. posted a $32.9 million operating loss for July on $358.4 million in total revenue, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

Those figures showed a decline from the $4.7 million operating loss reported for June on $385 million in total revenue.

The net loss for July was $55.3 million, widening from a $40.4 million June net loss.

The company had $1,358,900,000 in cash and cash equivalents as of July 31, up from $1,274,390,000 at the end of June.

Peabody, a St. Louis-based coal producer, filed bankruptcy on April 13 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.