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Peabody reports net loss of $161.6M

Peabody Energy Corp. reported a net loss of $161.6 million in November as the company continues to work through a bankruptcy reorganization.

The company reported sales of $419.6 million for the month. Reported operating expenses were $377.4 million.

Peabody recently paid off its debtor-in-possession financing package early. In the midst of vast improvements in coal markets, some investors have said there are new opportunities for shareholders to recover value from investments in the company.

Peabody reported that it has paid $30.8 million in cumulative professional fees since filing for bankruptcy as of Nov. 30.