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The sale will complete Anglo American’s exit from steelmaking coal and is part of a drive to simplify its portfolio ahead of a merger with Teck Resources.
An unexpected flip into the red on the bottom line didn't do the coal mining company any favors.
Coal mining company Peabody Energy (NYSE:BTU) beat Wall Street’s revenue expectations in Q1 CY2026, with sales up 3.9% year on year to $973.3 million. Its GAAP loss of $0.27 per share was significantly below analysts’ consensus estimates.