Peabody Energy reported Q2 2020 revenues of $626.7 million, a net loss of $1.55 billion, and Adjusted EBITDA of $23.4 million. The company faced challenges due to weak seaborne market conditions and lower U.S. thermal demand, leading to a $1.42 billion impairment charge at the North Antelope Rochelle Mine (NARM).
Revenues were $626.7 million, reflecting lower shipments and weak pricing.
Loss from continuing operations was $1.55 billion, impacted by a $1.42 billion impairment charge at NARM.
Adjusted EBITDA was $23.4 million.
The company is evaluating strategic financing alternatives.
Peabody is continuing its suspension of full-year 2020 guidance targets due to continued uncertainties with respect to COVID-19.
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