Peabody Energy (BTU) Reports Q2 EPS loss of 21c

Peabody Energy (NYSE: BTU) reported Q2 EPS of ($0.21). Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.28 billion.

"We are pleased to accelerate our debt reduction activities and authorize a share repurchase program recognizing the strength of our second quarter earnings and steps taken by the organization to optimize future cash flows," said Executive Vice President and Chief Financial Officer Amy Schwetz. "Our simple, but powerful financial approach is to generate cash, reduce debt, invest wisely, and return that cash to shareholders. Based on our robust cash profile, we have established a capital structure that we believe is both flexible and sustainable throughout the cycle."

For earnings history and earnings-related data on Peabody Energy (BTU) click here.

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