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Peabody Energy posts $40.3 million operating loss for April 13-May 31
By Caroline Salls
Pittsburgh, June 20 – Peabody Energy Corp. posted a $40.3 million operating loss for the period of April 13 through May 31 on $531.8 million in total revenue, according to its monthly operating report filed Monday with the Securities and Exchange Commission.
The net loss for the period was $120.3 million.
The company held $1,294,000,000 in cash and cash equivalents as of May 31.
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.
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