peabody energy corps shares advanced monday after it flagged the highest level of coal sales in seven quarters and a rise in thirdquarter adjusted earnings before interest tax depreciation and amortization in morning trading shares were 15 higher at 1840 building on strong gains since last november peabody said it expects revenue of between 670 million and 690 million in the third quarter net of 238 million of unrealized marktomarket losses on forward pricing hedges and a net loss of 40 million to 60 million the market had priced in revenue of 878 million and net income of 897 million based on the consensus of three analyst estimates compiled by factset peabody said the unrealized marktomarket losses primarily related to coal hedges contracted in the first half of the year that effectively lockedin the sales price on 21 million metric tons of expected production at its wambo underground mine with settlements of 14 million tons in 2022 and 07 million tons in 2023 the company said it expects an increase in adjusted ebitda on a year earlier to between 280 million and 290 million for the quarter due to higher realized prices from strong seaborne coal demand and a 26 million gain on the sale of millennium mine in australia coal sales to customers topped 900 million for the quarter peabody president and chief executive officer jim grech said the company remain optimistic about the future given strong coal pricing and global demand fundamentals