Peabody Energy Corp. (BTU) is a leader in coal production along with essential products providers for the manufacturing of affordable energy and steel. The company’s commitment to sustainability shapes its futuristic strategies.
The price of BTU stock during regular trading on February 23, 2022, with an incline of 11.9%, was $18.8. At last check in the pre-market, the stock plummeted by 6.49%.
BTU: Events and Happenings
On February 23, 2022, BTU reported its intent to offer $250 million cumulative primary convertible senior notes amount due 2028 in a private offering to institutional investors. The company also expects to grant the preliminary notes acquirers an acquisition option for settlement up to a supplementary $37,500,000 principal amount notes.
On February 16, 2022, BTU updated the extension of the expiry date of its previously announced offer for the acquisition of approximately $38.607 million of its 8.500% Senior Secured Notes. On February 10, 2022, BTU announced its subsidiaries offered the acquisition of up to $51.179 million cumulative key amount of their 10.000% Senior Secured Notes due 2024. The acquisition price is equivalent to all of the principal amount of the Notes to be reacquired.
BTU: Key Financials
On February 10, 2022, BTU released its quarterly results for fourth-quarter 2021 ended December 31, 2021. Some of the key points are mentioned below.
Revenue
Revenues in Q4 2021 were $1.26 billion corresponding to $0.73 billion in the same quarter of 2020. The company observed a gain of approximately $0.52 billion in revenue over the year. The company topped the estimated targeted revenue by $189.1 million.
EPS
Diluted net income in Q4 2021 was $511.7 million or $3.93 per share corresponding to a net loss of $127.6 million or $1.32 per share in the same quarter of 2020. The company’s EPS increased remarkably over the year and it also topped the analysts’ estimated EPS by -$2.82.
On November 23, 2021, BTU informed the final outcomes and the expiration of its earlier announced offer for the acquisition of approximately $15.8 million of its 8.500% Senior Secured Notes due 2024. The acquisition price is equivalent to 73.590% of the accreted value of the 2024 Notes to be reacquired.
Conclusion
BTU stock outpaced in the past year as its stock swelled by approximately 260% in that period. The incredible stock positioning is the outcome of the company’s sound investor-oriented strategies. In Thursday’s pre-market, the stock plummeted following its announcement of the proposed convertible senior notes offering. For the upcoming quarter, the company expects a hefty $1.09 billion in revenue versus $2.06 EPS.
