During the second quarter of 2018, Peabody Energy reported a 4% increase in revenues to $1.31 billion driven by a 20% increase in Australian met and thermal coal sales. “Peabody’s diversified portfolio continues to generate substantial returns, led by 39% margins from the company’s Australian platform, as we capitalize on continued strength in seaborne metallurgical and thermal coal fundamentals,” said Peabody President and CEO Glenn Kellow.
Read the Whole Article in our Digital Edition

Share