Peabody Energy Corp. (NYSE: BTU) reported Q2 EPS of ($0.28), in-line with the analyst estimate of ($0.28). Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.64 billion.

OUTLOOK

Peabody is targeting third quarter 2014 Adjusted EBITDA of $140 million to $190 million and Adjusted Diluted Loss Per Share of $(0.53) to $(0.40). Targets reflect the impact of lower realizations in Australia and the Western U.S., three longwall moves, improved performance at the North Goonyella Mine and the repeal of the carbon tax in Australia.

Additional full-year 2014 targets include:

• New total sales targets of 245 to 260 million tons, including U.S. sales of 185 to 190 million tons and Australian sales of 35 to 37 million tons;
• U.S. costs per ton 1 to 3 percent below 2013 levels on cost containment efforts, with U.S. revenues per ton 4 to 7 percent below 2013 levels due to price re-openers;
• Australian costs in the low-to-mid $70 per ton range; and
• Full-year depreciation, depletion and amortization approximately 5 to 10 percent below 2013 levels.

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