Peabody met, thermal coal sales drop in Q2; higher met sales targeted for H2

摘要

Houston—Peabody Energy’s metallurgical and thermal coal sales dropped in the second quarter, leaving company executives Wednesday to target higher met volumes in the second half of the year, particularly from the new Shoal Creek met mine. “Once again we saw strong performance from the seaborne thermal business and the seaborne metallurgical segment had healthy EDITDA margins, aided by the Shoal Creek mine, which remains a standout performer,” said Glenn Kellow, Peabody’s CEO and president, in a call to discuss second-quarter results.