Peabody Energy records $49.6 million operating profit for December

By Caroline Salls

Pittsburgh, Jan. 20 – Peabody Energy Corp. posted a $49.6 million operating profit for December on $545.6 million in total revenue, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

Those figures showed improvement over the $94.7 million operating loss posted for November on $504.4 million in total revenue.

As previously reported, the November operating loss included a $180 million asset impairment.

The net profit for December was $1.2 million, compared to a $160 million November net loss.

The company had $872.3 million in cash and cash equivalents as of Dec. 31, down from $1,262,700,000 at the end of November.

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.

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