- Peabody Energy (NYSE:BTU) reported first-quarter FY23 sales growth of 97.2% year-on-year to $1.36 billion, beating the consensus of $1.23 billion.
- Adjusted EPS of $1.68 beats the analyst consensus of $1.39. The company reported a loss of (0.88) per share in the prior-year quarter.
- Segment Details: The seaborne thermal segment shipped 3.6 million tons (-5.3% Y/Y) with an Adjusted EBITDA of $164.0 million.
- The seaborne metallurgical segment shipped 1.3 million tons (+8% Y/Y) with an Adjusted EBITDA of $90.8 million.
- Powder River Basin shipped 22.0 million tons (+6.8% Y/Y) with an Adjusted EBITDA of $35.8 million.
- The other U.S. thermal segment shipped 4.5 million tons (+7.1%) with an Adjusted EBITDA of $64.2 million.
- The company’s board approved a $1 billion share repurchase authorization. Peabody declared a quarterly dividend on its common stock of $0.075 per share, payable on May 31, 2023.
- Peabody ended the quarter with $1.7 billion of cash and equivalents. In the first quarter, the company generated $386.3 million of cash flow from operations
- The company also provided a production outlook for its second quarter.
- Price Action: BTU shares are trading higher by 1.64% at $23.80 on the last check Thursday.
Messari CEO Gushes Over Pro-Bitcoin Presidential Hopeful Vivek Ramaswamy As ‘Real Deal’ Who ‘Isn’t 80’
It appears that Ryan Selkis, the CEO of crypto market intelligence provider Messari, holds an admiration for Republican Presidential Candidate Vivek Ramaswamy.
What Happened: In a post on X, Selkis referred to Ramaswamy as “excellent (and deep) on crypto far beyond what he even shared on stage today.”
