Peabody Energy's Q3 EBITDA Surpasses Estimates on Robust Thermal Coal Volumes

Peabody Energy's Q3 adjusted EBITDA exceeded estimates due to strong seaborne thermal coal volumes. The company's coal mining operations are located in the US and Australia, and it also markets and brokers coal from other producers. The Seaborne Thermal Mining segment's operations consist of mines in New South Wales, Australia, using surface and underground extraction processes to mine low-sulfur thermal coal.