Peabody Energy operating profit climbs to $74.8 million in January

By Caroline Salls

Pittsburgh, Feb. 21 – Peabody Energy Corp. posted a $74.8 million operating profit for January on $428.3 million in total revenue, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.

Those figures compared to the $49.6 million operating profit reported for December on $545.6 million in total revenue.

The net profit for January was $50.4 million, up from a $1.2 million December net profit.

The company had $965.8 million in cash and cash equivalents as of Jan. 31, up from $872.3 million at the end of December.

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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