February 15, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Peabody Energy (NYSE:BTU) (St. Louis, Missouri) reaped the benefits of a strong pricing environment for coal in 2022, as its revenues grew significantly, despite higher production costs and an overall decline in sales for most of its coal products. But the company remains cautious about the long-term outlook for U.S.-based coal, which did not fare as well in 2022 as Peabody's Australian holdings.

Industrial Info is tracking more than $368 million worth of active projects globally from Peabody. The short-term benefits of a tight energy market--fueled in part by Russia's invasion of Ukraine and the subsequent scrambling of Europe's energy priorities--have not changed the long-term realities for U.S.-based thermal coal, which remain unfavorable when compared with dominant natural gas sources and the rising demand for renewable sources.