Coal Prices Remained Steady in the Week Ended October 13
The spot price for Central Appalachian coal was reported at $55.50 per short ton, remaining constant compared to the week ended October 6, 2017.
The coal shipments for the week ended October 7, 2017, totaled 15.1 MMst (million short tons).
On October 13, 2017, Brent crude oil prices settled at $57.17 per barrel, 3% higher than $55.60 reported during the previous week.
On October 16, the November US natural gas futures contract price was reported as $2.95 per MMBtu.
According to the EIA, the natural gas inventory for the week ended October 6 was 3,595 Bcf (billion cubic feet). The storage amount is higher than the previous week’s 3,508 Bcf.
According to the latest company filings, the book value of Peabody Energy’s (BTU) debt as of June 30, 2017, after exiting from bankruptcy is $1.77 billion.
Analysts expect Peabody Energy (BTU) to report EBITDA of $350.7 million in 3Q17 and an EBITDA margin of 24.0%.
In 3Q15, Peabody Energy (BTU) reported $1.42 billion in revenues. Analysts anticipate that it will post $1.46 billion in 3Q17 compared to $1.26 billion in 2Q17.
Of the eight analysts covering Peabody Energy (BTU), six (or 75.0%) have given the company a “buy” rating, and two (or 25.0%) have given it a “hold.”
Peabody Energy (BTU) is expected to post its 3Q17 earnings results on October 25, 2017. In this series, we’ll look at analysts’ estimates and the factors that led them to arrive at those expectations.
During the week ended October 6, 2017, the spot price for PRB coal closed at $11.75 per short ton, up 1.7% from the previous week’s price of $11.55 per short ton.
For the week ended September 30, 2017, US coal production totaled 15.3 million short tons.
On October 6, 2017, Brent crude oil prices settled at $55.62 per barrel, which is lower than $57.54 reported during the previous week.
For the week ended October 6, 2017, the Henry Hub natural gas spot price was reported to be $2.87 per MMBtu (million British thermal units).
In the EIA’s natural gas inventory report for the week ended September 29, the natural gas inventory came in at 3,508 Bcf (billion cubic feet). This reading was higher than 3,466 Bcf in the previous week.
During the week ended September 29, 2017, spot coal prices for the Powder River Basin and the Illinois Basin closed at the same price as the previous week.
According to the latest EIA weekly coal shipment report, US coal production was 14.7 million short tons for the week ended September 23, 2017.
On September 29, 2017, Brent crude oil prices closed at $57.54 per barrel compared to $56.86 the previous week.
Mild weather may result in a lower demand for natural gas. However, natural gas supply rose 58.0 Bcf for the week ended September 22, 2017.
For the week ended September 22, natural gas inventory came in at 3,466 Bcf (billion cubic feet), which was higher than 3,408 Bcf one week earlier.