Peabody Energy reaffirms 2013 guidance on sales
volumes, earnings
- Peabody Energy (BTU) reaffirms its prior guidance on 2013 sales volumes, earnings, EBITDA, operating costs and capital spending, according to an SEC filing.
- BTU continues to target FY 2013 sales of 230M-250M tons, including 33M-36M tons from Australia and 180M-190M tons from the U.S.; targets Q3 adjusted EBITDA of $210M-$270M and adjusted EPS of -$0.16 to $0.09.
- BTU expects a 2%-3% Y/Y decrease in its U.S. operating costs and expenses and mid-$70s/ton for its Australia costs, as well as 2013 capital spending levels of $350M-$450M.
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