UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | October 19, 2010 |
PEABODY ENERGY CORPORATION
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 1-16463 | 13-4004153 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 701 Market Street, St. Louis, Missouri | 63101-1826 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (314) 342-3400 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On October 19, 2010, Peabody Energy Corporation announced the following 2010 volume and financial targets.
| Year Ended Dec. 31, 2010 | ||||||||
| Targeted Results | ||||||||
| Low | High | |||||||
| 2010 Volume Targets | ||||||||
| (Amounts in Millions of Tons) | ||||||||
| Tons Sold | 240.0 | 260.0 | ||||||
| U.S. | 185.0 | 195.0 | ||||||
| Australia | 27.0 | 29.0 | ||||||
| Metallurgical | 9.5 | 10.0 | ||||||
Reconciliation of EBITDA to Income from Continuing Operations, Net of Income Taxes – 2010 Targets (Unaudited)
(Dollars in Millions, Except Earnings Per Share Data)
| Year Ended Dec. 31, 2010 | ||||||||
| Targeted Results | ||||||||
| Low | High | |||||||
| EBITDA | $ | 1,850 | $ | 1,900 | ||||
| Depreciation, Depletion and Amortization | 440 | 450 | ||||||
| Asset Retirement Obligation Expense | 43 | 40 | ||||||
| Interest Income | (6 | ) | (7 | ) | ||||
| Interest Expense | 209 | 208 | ||||||
| Refinancing Charges | 18 | 18 | ||||||
| Income Tax Provision Before Remeasurement of Foreign Income Tax Accounts | 320 | 305 | ||||||
Adjusted Income from Continuing Operations (1) | 826 | 886 | ||||||
| Remeasurement Expense Related to Foreign Income Tax Accounts | 29 | 29 | ||||||
| Income from Continuing Operations, Net of Income Taxes | $ | 797 | $ | 857 | ||||
| Net Income Attributable to Noncontrolling Interests | $ | 25 | $ | 32 | ||||
| Adjusted Diluted EPS: | ||||||||
| Adjusted Income from Continuing Operations: | ||||||||
Continuing Operations (2) | $ | 2.84 | $ | 3.04 | ||||
| Remeasurement Expense Related to Foreign Income Tax Accounts | 0.11 | 0.11 | ||||||
| Adjusted Income from Continuing Operations | $ | 2.95 | $ | 3.15 | ||||
(1) In order to arrive at the numerator used to calculate adjusted diluted EPS, it is necessary to deduct net income attributable to noncontrolling interests from this amount.
(2) Reflects income from continuing operations, net of income taxes less net income attributable to noncontrolling interests.
This information is intended to be reviewed in conjunction with the company’s filings with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PEABODY ENERGY CORPORATION | ||||
| October 19, 2010 | By: | /s/ Michael C. Crews | ||
| Name: Michael C. Crews | ||||
| Title: Executive Vice President and Chief Financial Officer | ||||