While it's U.S. peers like Arch Coal (ACI), James River Coal (JRCC), and Alpha Natural Resources (ANR) groan under the strain of less competitive Appalachian thermal and met coal assets, Peabody Energy (BTU)
has neither. Peabody long ago got out of the Appalachian coal business
and instead now offers relatively competitive thermal assets in the
Powder River and Illinois Basins and met assets in Australian. Though
these are far from fat times for Peabody, the company's asset mix, cost
structure, and debt maturity schedule give it one of the stronger
operating profiles today.
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Peabody Energy Looks For A Better Mix To Drive A Better Outcome
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