Peabody reports q2 loss per share of $15.76 from continuing operations

Peabody reports earnings for quarter ended june 30, 2020.q2 loss per share $15.76 from continuing operations.q2 revenue $626.7 million versus refinitiv ibes estimate of $697 million.q2 earnings per share estimate $-1.28 -- refinitiv ibes data.peabody energy - secular decline and reduction in long-term natural gas price assumptions contributed to $1.42 billion impairment charge at narm in quarter.continued uncertainty in global markets requires co to further improve operating performance.continuing its suspension of full-year 2020 guidance targets.qtrly tons sold 28.3 million tons versus 39.4 million tons sold last year.ended q2 with $848.5 million of cash and cash equivalents on hand and $926.1 million of available liquidity.undertaking a process to explore and evaluate various strategic financing alternatives.2020 capital expenditures have been reduced to $200 million.peabody energy - qtrly diluted -net loss per share attributable to common stockholders $ 15.78.peabody energy - made changes to corporate structure & designated certain units as unrestricted units under senior notes indenture & credit agreement.during quarter, peabody incurred $16.5 million in restructuring charges associated with headcount reductions.year-to-date through june, global steel production declined 6 percent compared to prior year.pending prb/colorado jv with arch continues to progress through court system, with an expected ruling by end of q3 2020.
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