Peabody energy reports qtrly loss per share from continuing ops of $3.12

Peabody reports earnings for quarter and year ended december 31, 2019.q4 revenue $1.12 billion versus $1.4 billion.suspending dividends in light of industry conditions.lowering capital expenditures.commencing commercial process for north goonyella mine in tandem with ongoing mine development plan.emphasizing debt reduction.qtrly loss per share from continuing operations $3.12.2020 seaborne metallurgical volumes are expected to be approximately 8.3 million tons.qtrly net loss attributable to common stockholders $2.98.now targeting total 2020 capital expenditures of about $250 million.peabody energy - commercial outcomes for north goonyella mine could include strategic financial partner, jv structure/ complete sale of north goonyella.quarter-end total tons sold 40.8 million tons versus 46.2 million tons.peabody energy - anticipates decision from u.s. federal trade commission on formation of highly synergistic proposed prb/colorado joint venture in q1.peabody energy - will consolidate former midwestern and western segments into 'other u.s. thermal' for purposes of segment reporting in 2020 & beyond.peabody energy - for 2020, co is guiding toward increased met coal volumes & reduced met costs, lower sg&a & lower north goonyella holding costs.peabody energy - macro industry conditions & trade and import policy uncertainties, suggest challenging backdrop to start the year.
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