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Peabody flags weaker Q3 earnings

US coal producer Peabody Energy says its September-quarter earnings are expected to be materially lower than the prior quarter because of shrinking thermal coal demand and delays ramping up production from the Middlemount joint-venture mine in Queensland, Australia.

Peabody flags weaker Q3 earnings Peabody flags weaker Q3 earnings Peabody flags weaker Q3 earnings Peabody flags weaker Q3 earnings Peabody flags weaker Q3 earnings

Peabody Energy expects significantly lower third-quarter revenues on the back of falling coal demand and prices

The guidance contrasts with the company's commentary at the time of its June-quarter earnings results when it forecast "progressive increases in both seaborne thermal and seaborne metallurgical coal