Peabody Energy’s stock plummeted 10% after a brutal earnings report—revenue ticked up to $1 billion, but net loss ballooned to $90.6 million, up from $27.6 million last year. Blaming lower volumes and rising costs, management says Centurion mine in Australia will help turn things around by year-end, though they’re forecasting a drop in Australian thermal coal sales. With the energy world pivoting toward clean tech, investors remain skeptical about Peabody’s long-term viability—and are watching closely to see if leadership can deliver real momentum.
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