Peabody Energy, the largest privately held coal company in the world, experienced it’s third straight quarter of sizable profits with revenue totaling $1.48 billion this quarter - a 22% increase from last year’s third quarter. Total profit this fiscal year adds up to around $500 million.
Peabody Energy went into bankruptcy in 2016, weighed down by billions in debt partially due an investment made in Australian metallurgical coal. In 2015, the company also saw $2 billion in losses. This past April, the company came out of bankruptcy.