SOURCE: Industrial Info Resources

Industrial Info Resources

January 27, 2010 06:10 ET

Peabody Energy Experiences Second-Best Year, Expansion Ahead, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 27, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Despite dips in both quarterly and annual income, executives at Peabody Energy (NYSE:BTU) (St. Louis, Missouri), the world's largest private-sector coal company, say the company performed strongly overall for 2009, with results that were second only to 2008. Income from continuing operations, not deducting net interest expense, income taxes, asset retirement obligations, depreciation, depletion and amortization, was $297.4 million for the fourth quarter of 2009, a 40.95% drop year-over-year, and $1.29 billion for the year, a 30.15% drop from 2008.

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