http://www.amtdrt.inlumen.com/bin/story?StoryId=CrBG5ubWbmdi1CdG1mZq Peabody Energy Announces Results for the Year Ended December 31, 2006 PR Newswire - January 25, 2007 08:00 -- Peabody posts fifth consecutive year of record results -- Full-year earnings rise 45% to $2.29 per share excluding Excel acquisition and $2.23 per share including Excel -- EBITDA rises 24% to $1,080 million -- Operating profit grows 28% to $663 million -- Revenues climb 13% to $5.26 billion on industry record volume of 248 million tons
ST. LOUIS, Jan 25, 2007 /PRNewswire-FirstCall via COMTEX/ -- Peabody Energy (NYSE: BTU) today reported a 45 percent increase in full-year earnings to $2.29 per share, excluding the effects of the recent Excel Coal acquisition. With the acquisition, earnings were $2.23 per share on net income of $600.7 million. EBITDA rose 24 percent to $1,080.4 million for the year.
"The Peabody team delivered record results for the fifth consecutive year," said Peabody President and Chief Executive Officer Gregory H. Boyce. "And in 2007, we are targeting increased results as we benefit from greater access to high-margin global coal markets, along with higher realized U.S. prices from sales contracts signed in recent years. The international coal markets are very strong, and we expect U.S. markets to strengthen in 2007 with the announced industry production cutbacks and a return to normal electricity generation. In the near term, we are managing our U.S. production and capital to match demand."
Wasn't the estimate 63 cents per share? They beat by 2 cents. More or less close to in line. Nothing to make the stock pop or tank. I guess it depends on how the analysts spin it. Good company but I think it will trade with the weather near term.