Peabody coal sales and revenues drop on year; global demand expected to remain strong

摘要

Despite drops in coal shipments and revenues in the first quarter driven by multiple weather and market related disruptions compared to the year-ago quarter, Peabody Energy executives remain optimistic about future global demand and need for coal, particularly in the developing Southeast Asian countries. “In 2019, we expect retirements and gains by natural gas to continue to weigh on coal demand. CEO Glenn Kellow said. “On the other hand, strong seaborne pricing provides an outlet for US thermal exports.”