BTU meaning in Business ?

Answer:

What is Peabody Energy Corporation mean?

Peabody Energy, headquartered in St. Louis, Missouri, is the largest private sector coal company in the world. Its primary business consists of the mining, sale, and distribution of coal, which is purchased for use in electricity generation and steelmaking. Peabody also markets, brokers, and trades coal through offices in China, Australia, the United Kingdom, and the United States.

In 2017, Peabody recorded sales of 191.5 million tons of coal. Peabody markets coal to electricity generating and industrial customers in more than 25 nations on six continents. As of December 31, 2017, the company had approximately 5.2 billion tons of proven and probable coal reserves.

Peabody maintains ownership of majority interests in 23 surface and underground mining operations located throughout the United States and Australia. In the United States, company-owned mines are located in Alabama, Wyoming, Colorado, Arizona, New Mexico, Illinois, and Indiana. Peabody's largest operation is the North Antelope Rochelle Mine located in Campbell County, Wyoming, which mined more than 92 million tons of coal in 2016. Peabody spun off coal mining operations in West Virginia and Kentucky into Patriot Coal Corporation in October 2007. In October 2011, Peabody acquired a majority ownership stake in Queensland-based Macarthur Coal Ltd, which specializes in the production of metallurgical coal, primarily seaborne pulverized injection coal.

After being named to Fortune Magazine's list of America's Most Admired Companies in 2008, Peabody saw $787 million of losses, was removed from S&P 500, and had its ratings downgraded to "underperform" and "negative" by Goldman Sachs, Standard & Poor, Bank of America, and others in 2014. Despite this, Peabody earned Energy Company of the Year and CEO of the Year at the 2014 Platts Global Energy Awards.

The company filed for Chapter 11 bankruptcy protection on April 13, 2016. The company emerged from bankruptcy on April 3, 2017, and started trading on NYSE with a ticker symbol BTU. It also changed the company logo from Peabody Energy to just Peabody. Peabody ranked at No. 491 on the Fortune 500 list released in 2018. In the 2015 Forbes Global 2000, Peabody Energy was ranked as the 1970th -largest public company in the world.

reference

Full Form	Category
Baltimore Towson University	Academic & Science
Bursa Technical University	Academic & Science
Bintulu	Airport Code
Bathurst Trade Union	Associations & Organizations
Bathurst Resources , LTD.	Business
Peabody Energy Corporation	Business
British Thermal Unit	Chemistry
Baltimore Teachers Union	Community
Boston Teachers Union	Community
Baptist Training Union	Community
Big Time Unemployment	Community
Broward Teachers Union	Community
Basic Transmission Unit	Computing
Bluetooth Test Unit	Computing
Biztalk Utilities	Computing
BTU Protocol	Cryptocurrency
Brandenburgische Technische Universität	General
Ball Transfer Unit	General
Blow Things Up	General
Belt Tensioner Unit	General
Brandenburgische Technische Universit??	General
Bryan Texas Utilities	General
Cal Fire's Butte Unit	Governmental
BARAUT	Indian Railway Station
Barometric Temp Units	Measurement Unit
Barometric Temperature Unit	Medical
Benzylthiouracil	Medical
Back To You	Messaging
British Torpedo Unit	Military and Defence
Beach Termination Unit	Military and Defence
Bintulu, Malaysia	Regional
British Thermal Units	Regional
Bus Terminal Unit	Space Science
Bintulu Airport	Transport & Travel