Highlights Emphasis on building up seaborne met portfolio Expect Q4 decline in US thermal shipments Houston — Peabody Energy saw improved coal revenues and sales in the third quarter as market conditions improved, but executives remain cautious given a secular decline in the US thermal market and declined steel demand this year. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We have seen early signs of recovery take shape, including improved industrial production,” Glenn Kellow, president and CEO, said on the earnings call Nov 9. “We are, however, cautiously optimistic that improvements can be sustained given recent surges in COVID-19 cases worldwide.” Peabody sold 34.7 million st in the third quarter, down 23% from Q3 2019. Powder River Basin tons totaled 23.6 million st, down 22%, other thermal tons were 4.8 million st, down 2.4%, seaborne thermal totaled 4.6 million st, down 6%, and seaborne […]