|
|
 |
| |
|
Home > Fortune 500 Companies > Peabody Energy
Peabody Energy
Peabody Energy is a publicly traded company having a good stock performance result. Peabody Energy is a fortune 500 stock listed company trading under the symbol BTU.
Peabody Energy is the world's largest private-sector coal company, with 2005 sales of 240 million tons and 4.6 billion dollars in revenues. Francis S. Peabody founded Peabody Energy in the Windy City in 1883. In March 2005, Peabody named Gregory H. Boyce to succeed Engelhardt as Chief Executive Officer of the company beginning in January 2006. Boyce has served as President and Chief Operating Officer since joining the company in 2003. Under Boyce's leadership as COO, Peabody achieved record safety, productivity and production results in 2004.
Our 2005 revenues of 4.64 billion increased 27.9 percent over the prior year. Revenues were driven higher by improved pricing in all mining operations and another year of industry-record sales volume with 239.9 million tons sold compared to 227.2 million tons in 2004. Results in the Companies Western U.S. Mining Operations segment include amounts for April 15, 2004, acquisition of the Twenty mile mine in Colorado. Results in their Australian Mining Operations segment include amounts for April 15, 2004, acquisition of the Burton and North Goonyella Mines as well as the opening of the Eaglefield Mine adjacent to the North Goonyella Mine in the fourth quarter of 2004. Their Corporate and Other segment includes results from December 2004 acquisition of a 25.5 percent interest in Carbones del Guasare, which owns and operates the Paso Diablo Mine in Venezuela. In addition, higher gains on property transactions contributed to higher year over year results. The net income was 422.7 million dollars in 2005, or 1.58 per dollars per share, an increase of 141.0 percent over 2004 net income of 175.4 million dollars, or 0.69 dollars per share.
In the 21st century, Peabody faces challenges and opportunities never dreamed of by its founder. Generations of talented, skilled men and women have created a legacy that positions Peabody Energy for a powerful future. The company is good at what ever they do and that is demonstrated by the fact that they have one of the highest client retention rates in the technology services industry. Their clients' success is mirrored in the company’s own financial performance.
Back to Fortune 500 Companies
|
|
|
|
|
|
|