Peabody Energy Corp. (BTU)

Peabody Energy Corporation, through its subsidiaries, engages in the exploration, mining, and production of coal worldwide. It owns interests in 28 coal operations located in the United States and Australia, as well as owns joint venture interests in a Venezuelan mine. The company also markets, brokerages, and trades coal. It also develops mine-mouth coal-fueled generating plants; and develops Btu Conversion technologies, which are designed to convert coal to natural gas and transportation fuels. The company sells its thermal coal to electric utilities and metallurgical coal to industrial customers. As of December 31, 2009, Peabody Energy had 9.0 billion tons of proven and probable coal reserves. The company was founded in 1883 and is headquartered in St. Louis, Missouri.

For the nine months ended 30 September 2006, Peabody Energy Corp.'s revenue increased 14% to $3.89B. Net income increased 63% to $425.7M. Revenues reflect higher volumes from United States, Australia & other regions, increased pricing and higher revenue from coal shipment. Net income also reflects higher operating margins, a decrease in selling & administrative expenses and lower income tax provision.