On Tuesday, Shares of Peabody Energy Corporation (NYSE:BTU), lost -0.56% to $1.79.
On June 30, Peabody Energy declared that second quarter 2015 Adjusted EBITDA and Adjusted EPS are now predictable to be below the original targeted range due to weather-related shipment issues in the Southern Powder River Basin and lower seaborne coal pricing.
- Peabody anticipates a timing-related impact of about $40 million in the second quarter as a result of a series of substantial rain and flash flooding events in the Southern Powder River Basin primarily in June that reduced production by 5.0 to 5.5 million tons. Peabody has largely resumed normal production levels, and is scheduling to make up the deferred shipments in the third and fourth quarters.
- The company was also influenced by about $20 million from the effects of lower pricing on Australian metallurgical coal, with about half related to spot coal sales during the quarter and half related to reduced coal inventory valuation due to benchmark third quarter settlements. Spot metallurgical coal prices declined 15 percent during the quarter before increasing in recent weeks.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. It is involved in mining and sale of thermal coal to electric utilities and metallurgical coal for industrial customers.
Shares of Delta Air Lines, Inc. (NYSE:DAL), inclined 1.73% to $41.18, during its last trading session.
Delta Air Lines, stated financial and operating performance for June 2015.
Merged passenger unit revenue (PRASM) for the month of June reduced 4.5 percent year over year, driven by foreign exchange pressure and lower surcharges in international markets, in addition to domestic yields that have softened in select markets.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
Finally, Energen Corp. (NYSE:EGN), ended its last trade with -0.17% loss, and closed at $63.01.
Energen Corporation, will host a conference call on Friday, August 7, 2015, at 11:00 a.m. ET to talk about its second quarter 2015 financial and operating results. Earnings are predictable to be released after the market closes on Thursday, August 6, 2015.
Members of the investment community may take part by dialing 1-877-407-8289 (reference Energen earnings call).
Energen Corporation, through its partner Energen Resources Corporation, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. As of December 31, 2014, the company had about 372.7 million barrels of oil equivalent reserves located in the Permian Basin in west Texas, and the San Juan Basin in New Mexico and Colorado. Energen Corporation was founded in 1929 and is headquartered in Birmingham, Alabama.
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