US Market News
23時間前
$BTU Notification: Peabody Accused of Misrepresentations about its Centurion Production Issues in Securities Fraud Class ActionJune 30, 2026 6:16 AM
PR Newswire (US) A securities fraud class action lawsuit has been filed on behalf of Peabody investors after its stock plummeted over 9% because Peabody allegedly misled investors regarding the coal production at Centurion, its flagship premium hard coking coal mine.NEW YORK, June 30, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Peabody Energy Corporation (NYSE:BTU) and certain of the Company's senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws. If you invested in Peabody, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/peabody-class-action-lawsuit.Key Details of the Peabody ($BTU) Class Action:Lead Plaintiff Deadline: August 24, 2026Alleged Misconduct: Securities fraud relating to Peabody's statements about the coal production at Centurion, its flagship premium hard coking coal mine.Largest Alleged Stock Drop: March 30, 2026 – 9.7% stock dropCourt: U.S. District Court for the Eastern District of MissouriAction: Contact BFA Law to discuss your rightsInvestors have until August 24, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Peabody common stock. The class action is pending in the U.S. District Court for the Eastern District of Missouri. It is captioned McGeachy v. Peabody, et al., No. 26-cv-01020.Why is Peabody Being Sued for Securities Fraud? Peabody is a producer of metallurgic and thermal coal that owns interests in 16 active coal mining operations in the United States and Australia.According to the complaint, during the relevant period, Peabody announced it would be increasing production from its flagship premium hard coking coal mine, Centurion due to an acceleration of longwall operations. Peabody stated that shipments of Centurion's premium hard coking coal would expand sevenfold in 2026 to 3.5 million tons and even more beyond that time. On February 5, 2026, Peabody indicated that the team was "putting the finishing touches on the Centurion mine in advance of starting longwall mining, well ahead of its original schedule."As alleged, in truth, the Centurion mine was facing significant commissioning challenges resulting in increased costs and volume decreases in its production.Why did Peabody's Stock Drop?On March 30, 2026, Peabody announced lower sales volume from the Centurion mine due to a delivery of only 250,000 tons in the first quarter. Peabody attributed the low volume to "greater than anticipated mine commissioning challenges."This news caused the price of Peabody common stock to drop $3.82 per share, or 9.7%, from $39.50 per share on March 27, 2026, to $35.68 per share on March 30, 2026.Then, on May 5, 2026, Peabody announced additional delays to the commissioning of the Centurion mine as well as increased costs and lower volume. Peabody stated it only expected to sell about 300,000 tons in the second quarter and reduced its full year sales outlook for Centurion from 3.5 million tons to 2.5 million tons.This news caused the price of Peabody common stock to drop $1.52 per share, or 5.7%, from $26.52 per share on May 4, 2026, to $25.00 per share on May 5, 2025.Click here for more information: https://www.bfalaw.com/cases/peabody-class-action-lawsuit.What Can You Do?If you invested in Peabody, you may have legal options and are encouraged to submit your information to the firm.All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.Submit your information by visiting:https://www.bfalaw.com/cases/peabody-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters.Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/peabody-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes. View original content to download multimedia:https://www.prnewswire.com/news-releases/btu-notification-peabody-accused-of-misrepresentations-about-its-centurion-production-issues-in-securities-fraud-class-action-302813543.htmlSOURCE Bleichmar Fonti & Auld LLP Original: $BTU Notification: Peabody Accused of Misrepresentations about its Centurion Production Issues in Securities Fraud Class Action
US Market News
5日前
BTU Breaking Class Action Lawsuit: Peabody Sued for Securities Fraud after Centurion Mine Delays Lead to 10% Stock Drop – Investors Notified to Contact BFA LawJune 26, 2026 3:07 PM
Business Wire A securities fraud class action lawsuit has been filed on behalf of Peabody investors after its stock plummeted over 9% because Peabody allegedly misled investors regarding the coal production at Centurion, its flagship premium hard coking coal mine. Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Peabody Energy Corporation (NYSE:BTU) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws. If you invested in Peabody, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/peabody-class-action-lawsuit. Key Details of the Peabody ($BTU) Class Action: Lead Plaintiff Deadline: August 24, 2026 Alleged Misconduct: Securities fraud relating to Peabody’s statements about the coal production at Centurion, its flagship premium hard coking coal mine. Largest Alleged Stock Drop: March 30, 2026 – 9.7% stock drop Court: U.S. District Court for the Eastern District of Missouri Action: Contact BFA Law to discuss your rights Investors have until August 24, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Peabody common stock. The class action is pending in the U.S. District Court for the Eastern District of Missouri. It is captioned McGeachy v. Peabody, et al., No. 26-cv-01020. Why is Peabody Being Sued for Securities Fraud? Peabody is a producer of metallurgic and thermal coat that owns interests in 16 active coal mining operations in the United States and Australia. According to the complaint, during the relevant period, Peabody announced it would be increasing production from its flagship premium hard coking coal mine, Centurion due to an acceleration of longwall operations. Peabody stated that shipments of Centurion’s premium hard coking coal would expand sevenfold in 2026 to 3.5 million tons and even more beyond that time. On February 5, 2026, Peabody indicated that the team was “putting the finishing touches on the Centurion mine in advance of starting longwall mining, well ahead of its original schedule.” As alleged, in truth, the Centurion mine was facing significant commissioning challenges resulting in increased costs and volume decreases in its production. Why did Peabody’s Stock Drop? On March 30, 2026, Peabody announced lower sales volume from the Centurion mine due to a delivery of only 250,000 tons in the first quarter. Peabody attributed the low volume to “greater than anticipated mine commissioning challenges.” This news caused the price of Peabody common stock to drop $3.82 per share, or 9.7%, from $39.50 per share on March 27, 2026, to $35.68 per share on March 30, 2026. Then, on May 5, 2026, Peabody announced additional delays to the commissioning of the Centurion mine as well as increased costs and lower volume. Peabody stated it only expected to sell about 300,000 tons in the second quarter and reduced its full year sales outlook for Centurion from 3.5 million tons to 2.5 million tons. This news caused the price of Peabody common stock to drop $1.52 per share, or 5.7%, from $26.52 per share on May 4, 2026, to $25.00 per share on May 5, 2025. Click here for more information: https://www.bfalaw.com/cases/peabody-class-action-lawsuit. What Can You Do? If you invested in Peabody, you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases/peabody-class-action-lawsuit Or contact: Adam McCall
adam@bfalaw.com
212.789.3619 Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com. https://www.bfalaw.com/cases/peabody-class-action-lawsuit Attorney advertising. Past results do not guarantee future outcomes. View source version on businesswire.com: https://www.businesswire.com/news/home/20260626981983/en/ Adam McCall
adam@bfalaw.com
212.789.3619 Original: BTU Breaking Class Action Lawsuit: Peabody Sued for Securities Fraud after Centurion Mine Delays Lead to 10% Stock Drop – Investors Notified to Contact BFA Law
US Market News
1月前
Peabody Prices $225 Million Convertible Senior Notes OfferingMay 28, 2026 9:17 PM
PR Newswire (US) ST. LOUIS, May 28, 2026 /PRNewswire/ -- Peabody (NYSE: BTU) today announced the pricing of its offering of $225,000,000 aggregate principal amount of 0.50% convertible senior notes due 2031 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The issuance and sale of the notes is scheduled to settle on June 2, 2026, subject to customary closing conditions. Peabody also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $25,000,000 principal amount of notes.The notes will be senior, unsecured obligations of Peabody and will accrue interest at a rate of 0.50% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2026. The notes will mature on June 1, 2031, unless earlier repurchased, redeemed or converted. Before December 1, 2030, noteholders will have the right to convert their notes only upon the occurrence of certain events. At any time from, and including, December 1, 2030, noteholders may convert their notes at their election until the close of business on the second scheduled trading day immediately before the maturity date. Peabody will settle conversions by paying or delivering, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock, at Peabody's election. The initial conversion rate is 26.0970 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $38.32 per share of common stock. The initial conversion price represents a premium of approximately 32.5% over the U.S. composite volume weighted average price of Peabody's common stock from 9:30 a.m. through 4:00 p.m. Eastern Daylight Time on May 28, 2026, which was $28.9197 per share. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.Peabody may not redeem the notes prior to June 5, 2029, except in the event of a cleanup redemption (as defined below). The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Peabody's option at any time, and from time to time, on or after June 5, 2029 and on or before the 31st scheduled trading day immediately before the maturity date, if the last reported sale price per share of Peabody's common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.Peabody may redeem for cash all, but not less than all, of the notes at any time if the amount of the notes that remains outstanding is less than 15% of the aggregate principal amount of the notes initially issued under the indenture and certain other conditions are satisfied (a "cleanup redemption"). The redemption price will be equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.If certain corporate events that constitute a "fundamental change" occur, then, subject to a limited exception, noteholders may require Peabody to repurchase their notes for cash. The repurchase price will be equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.Peabody estimates that the net proceeds from the offering will be approximately $218.9 million (or approximately $243.3 million if the initial purchasers fully exercise their option to purchase additional notes), after deducting the initial purchasers' discounts and commissions and Peabody's estimated offering expenses. Peabody intends to use approximately $15.0 million of the net proceeds from the offering of the notes to fund the cost of entering into capped call transactions (as described below) and, together with available cash, to repurchase approximately $241.2 million aggregate principal amount of Peabody's outstanding 3.250% Convertible Senior Notes due 2028 (the "2028 Notes") for a cash purchase price of approximately $388.8 million.In connection with Peabody's repurchases of the 2028 Notes, Peabody expects that holders of the 2028 Notes who agree to have their 2028 Notes repurchased and who have hedged their equity price risk with respect to such 2028 Notes (the "hedged holders") will unwind all or part of their hedge positions by buying Peabody's common stock and/or entering into or unwinding various derivative transactions with respect to Peabody's common stock. The amount of Peabody's common stock to be purchased by the hedged holders or the notional number of shares of Peabody's common stock underlying such derivative transactions may be substantial in relation to the historic average daily trading volume of Peabody's common stock. This activity by the hedged holders could increase (or reduce the size of any decrease in) the market price of Peabody's common stock, including concurrently with the pricing of the notes, resulting in a higher effective conversion price of the notes. Peabody cannot predict the magnitude of such market activity or the overall effect it will have on the price of the notes or Peabody's common stock and the corresponding effect on the initial conversion price of the notes.In connection with the pricing of the notes, Peabody entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the "option counterparties"). The capped call transactions are expected generally to reduce potential dilution to Peabody's common stock upon any conversion of the notes prior to May 30, 2030, and/or offset any potential cash payments Peabody is required to make in excess of the principal amount of such converted notes, as the case may be, with such reduction and/or offset subject to a cap based on the cap price. The cap price of the capped call transactions will initially be $50.6095 per share, which represents a premium of approximately 75.0% over the U.S. composite volume weighted average price of Peabody's common stock from 9:30 a.m. through 4:00 p.m. Eastern Daylight Time on May 28, 2026 (which was $28.9197 per share), and is subject to certain adjustments under the terms of the capped call transactions. The capped call transactions will expire over a period of trading days beginning on April 17, 2030. If the initial purchasers exercise their option to purchase additional notes, then Peabody expects to enter into additional capped call transactions with the option counterparties.Peabody has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Peabody's common stock and/or purchase shares of Peabody common stock concurrently with, or shortly after, the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Peabody's common stock or the notes at that time.In addition, the option counterparties and/or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Peabody's common stock and/or purchasing or selling Peabody's common stock or other securities of Peabody in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so (x) on each exercise date for the capped call transactions, which are expected to occur on each trading day during the 30 trading day period beginning on April 17, 2030 and (y) following any early conversion of the notes, any repurchase of the notes by Peabody on any fundamental change repurchase date, any redemption date or any other date on which the notes are repurchased by Peabody, in each case if Peabody exercises the relevant election to terminate the corresponding portion of the capped call transactions). This activity could also cause or avoid an increase or a decrease in the market price of Peabody's common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs following conversion or during any observation period related to a conversion of the notes, it could affect the number of shares and/or value of the consideration that noteholders will receive upon conversion of the notes.The notes were and will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any shares of common stock issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any shares of common stock issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. This press release does not constitute a notice of redemption or an offer to purchase with respect to the 2028 notes.Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future.Contact:
Kala Finklang
Vic Svec
ir@peabodyenergy.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results, including statements regarding the notes being offered and the capped call transactions, the completion of the proposed offering and the capped call transactions and the intended use of the proceeds. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Peabody's common stock and risks relating to Peabody's business, including those described in Peabody's most recent Annual Report on Form 10-K and in other periodic reports that Peabody files from time to time with the SEC. Peabody may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties. View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-prices-225-million-convertible-senior-notes-offering-302785164.htmlSOURCE Peabody Original: Peabody Prices $225 Million Convertible Senior Notes Offering
US Market News
1月前
Peabody Announces Proposed Convertible Senior Notes OfferingMay 28, 2026 6:53 AM
PR Newswire (US) ST. LOUIS, May 28, 2026 /PRNewswire/ -- Peabody (NYSE: BTU) today announced its intention to offer, subject to market and other conditions, $225,000,000 aggregate principal amount of convertible senior notes due 2031 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Peabody also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $25,000,000 principal amount of notes.The notes will be senior, unsecured obligations of Peabody, will accrue interest payable semi-annually in arrears and will mature on June 1, 2031, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their notes in certain circumstances and during specified periods. Peabody will settle conversions by paying or delivering, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock, at Peabody's election. Peabody expects that the reference price used to calculate the initial conversion price for the notes will be the U.S. composite volume weighted average price of Peabody's common stock from 9:30 a.m. through 4:00 p.m. Eastern Daylight Time on the date of pricing.Peabody may not redeem the notes prior to June 5, 2029, except in the event of a cleanup redemption (as defined below). The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Peabody's option at any time, and from time to time, on or after June 5, 2029 and on or before the 31st scheduled trading day immediately before the maturity date, if the last reported sale price per share of Peabody's common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.Peabody may redeem for cash all, but not less than all, of the notes at any time if the amount of the notes that remains outstanding is less than 15% of the aggregate principal amount of the notes initially issued under the indenture and certain other conditions are satisfied (a "cleanup redemption"). The redemption price will be equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.If certain corporate events that constitute a "fundamental change" occur, then, subject to a limited exception, noteholders may require Peabody to repurchase their notes for cash. The repurchase price will be equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.Peabody intends to use the net proceeds from the offering of the notes to fund the cost of entering into capped call transactions (as described below) and, together with available cash, to repurchase a portion of Peabody's outstanding 3.250% Convertible Senior Notes due 2028 (the "2028 Notes"). Peabody intends to use the remainder of the net proceeds, if any, for general corporate purposes. In connection with any repurchases of the 2028 Notes, Peabody expects that holders of the 2028 Notes who agree to have their 2028 Notes repurchased and who have hedged their equity price risk with respect to such 2028 Notes (the "hedged holders") will unwind all or part of their hedge positions by buying Peabody's common stock and/or entering into or unwinding various derivative transactions with respect to Peabody's common stock. The amount of Peabody's common stock to be purchased by the hedged holders or the notional number of shares of Peabody's common stock underlying such derivative transactions may be substantial in relation to the historic average daily trading volume of Peabody's common stock. This activity by the hedged holders could increase (or reduce the size of any decrease in) the market price of Peabody's common stock, including concurrently with the pricing of the notes, resulting in a higher effective conversion price of the notes. Peabody cannot predict the magnitude of such market activity or the overall effect it will have on the price of the notes or Peabody's common stock and the corresponding effect on the initial conversion price of the notes.In connection with the pricing of the notes, Peabody expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers or affiliates thereof and/or one or more other financial institutions (the "option counterparties"). The capped call transactions are expected generally to reduce potential dilution to Peabody's common stock upon any conversion of the notes prior to May 30, 2030, and/or offset any potential cash payments Peabody is required to make in excess of the principal amount of such converted notes, as the case may be, with such reduction and/or offset subject to a cap. The capped call transactions are expected to expire over a period of trading days beginning on April 17, 2030. If the initial purchasers exercise their option to purchase additional notes, then Peabody expects to enter into additional capped call transactions with the option counterparties.Peabody has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Peabody's common stock and/or purchase shares of Peabody common stock concurrently with, or shortly after, the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Peabody's common stock or the notes at that time.In addition, the option counterparties and/or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Peabody's common stock and/or purchasing or selling Peabody's common stock or other securities of Peabody in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so (x) on each exercise date for the capped call transactions, which are expected to occur on each trading day during the 30 trading day period beginning on April 17, 2030 and (y) following any early conversion of the notes, any repurchase of the notes by Peabody on any fundamental change repurchase date, any redemption date or any other date on which the notes are repurchased by Peabody, in each case if Peabody exercises the relevant election to terminate the corresponding portion of the capped call transactions). This activity could also cause or avoid an increase or a decrease in the market price of Peabody's common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs following conversion or during any observation period related to a conversion of the notes, it could affect the number of shares and/or value of the consideration that noteholders will receive upon conversion of the notes.The notes will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any shares of common stock issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any shares of common stock issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. This press release does not constitute a notice of redemption or an offer to purchase with respect to the 2028 notes.Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future.Contact:
Kala Finklang
Vic Svec
ir@peabodyenergy.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results, including statements regarding the anticipated terms of the notes being offered and the capped call transactions, the completion, terms, timing and size of the proposed offering and the capped call transactions and the intended use of the proceeds. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Peabody's common stock and risks relating to Peabody's business, including those described in Peabody's most recent Annual Report on Form 10-K and in other periodic reports that Peabody files from time to time with the SEC. Peabody may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties. View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-announces-proposed-convertible-senior-notes-offering-302784367.htmlSOURCE Peabody Original: Peabody Announces Proposed Convertible Senior Notes Offering
US Market News
2月前
Peabody Board Declares Dividend on Common StockMay 5, 2026 7:45 AM
PR Newswire (US) ST. LOUIS, May 5, 2026 /PRNewswire/ -- Peabody (NYSE: BTU) announced today that its Board of Directors has declared a quarterly dividend on its common stock of $0.075 per share, payable on June 8, 2026 to stockholders of record on May 19, 2026.Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com. Contact:
Kala Finklang
ir@peabodyenergy.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results. All statements that address operating performance, events, or developments that Peabody expects will occur in the future are forward-looking statements. They may include estimates of sales and other operating performance targets, cost savings, capital expenditures, dividends, share repurchases, other expense items, actions relating to strategic initiatives, demand for the company's products, liquidity, capital structure, market share, industry volume, other financial items, descriptions of management's plans or objectives for future operations and descriptions of assumptions underlying any of the above. The declaration and payment of future quarterly dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash flow and cash requirements, future prospects, and other factors deemed relevant by the Board. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond Peabody's control, that are described in Peabody's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody's website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties. View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-board-declares-dividend-on-common-stock-302761980.htmlSOURCE Peabody Original: Peabody Board Declares Dividend on Common Stock
US Market News
2月前
Peabody Reports Results for the Quarter Ended March 31, 2026May 5, 2026 7:46 AM
PR Newswire (US) Thermal Coal Volumes Exceed Expectations on Continued Strong DemandSeaborne Thermal Results Benefit from Rising PricesCenturion Mine Progressing Toward Full Longwall ProductionST. LOUIS, May 5, 2026 /PRNewswire/ -- Peabody (NYSE: BTU) today reported net income attributable to common stockholders of $(32.4) million, or $(0.27) per diluted share, for the first quarter of 2026, compared to $34.4 million, or $0.27 per diluted share, in the prior-year quarter. Peabody reported Adjusted EBITDA1 of $82.5 million in the first quarter of 2026 compared to $144.0 million in the prior-year quarter."Amid volatility in global energy markets, our thermal segments benefited from strong demand and higher realized pricing," said President and Chief Executive Officer Jim Grech. "While we have extended the Centurion commissioning period, due to temporary equipment and roof control challenges, we continue to advance toward full longwall production rates. Our first quarter results demonstrate the value of our diverse global platform and reflect the durability of coal's role in providing reliable and affordable power."HighlightsGenerated $82.5 million of Adjusted EBITDA in the first quarter, with two segments exceeding volume expectations.Delivered year-over-year higher price realizations across both seaborne coal segments, while achieving higher volumes and lower costs versus expectations from the seaborne thermal operations responding to increased demand from the Middle East conflict.Working through challenging longwall commissioning conditions at Centurion with continued ramp up in the second quarter. See Centurion Update below for additional information.Benefited from continued strength in U.S. thermal markets, with higher volume year-over-year driven by growing electricity demand.Advanced rare earth element and critical mineral development, highlighted by promising germanium concentrations from expanded drilling and sampling. The company also continued to progress technical and economic studies, advanced commercial partnerships, and pursued multiple federal and state funding pathways to support domestic supply chain development.Declared a quarterly dividend of $0.075 per share on May 5, 2026, payable on June 8, 2026 to stockholders of record on May 19, 2026.First Quarter Segment Performance Seaborne Thermal
Quarter Ended
Mar.
Dec.
Mar.
2026
2025
2025Tons sold (in millions)3.0
3.3
4.4Export1.9
2.1
2.9Domestic1.1
1.2
1.5Revenue per Ton$ 66.61
$ 62.84
$ 60.64Export - Avg. Realized Price per Ton86.25
81.80
79.39Domestic - Avg. Realized Price per Ton32.62
25.92
24.95Costs per Ton50.26
43.43
41.37Adjusted EBITDA Margin per Ton$ 16.35
$ 19.41
$ 19.27Adjusted EBITDA (in millions)$ 48.5
$ 63.5
$ 84.2Seaborne Thermal delivered Adjusted EBITDA of $48.5 million in the first quarter, driven by 0.2 million export shipments above guidance and higher realized prices. Results benefited from increased Asian coal demand due to higher prices of competing LNG products in March as a result of the Middle East conflict. Costs per ton of $50.26 were below the low end of guidance due to higher production at both Australian thermal mines, resulting in 25 percent Adjusted EBITDA margins.Seaborne Metallurgical
Quarter Ended
Mar.
Dec.
Mar.
2026
2025
2025Tons sold (in millions)2.0
2.5
1.8Revenue per Ton$ 138.28
$ 122.84
$ 125.15Costs per Ton141.72
112.94
117.66Adjusted EBITDA Margin per Ton$ (3.44)
$ 9.90
$ 7.49Adjusted EBITDA (in millions)$ (7.0)
$ 24.6
$ 13.2Seaborne Metallurgical results were lower than expected due to 0.4 million tons lower volume related to the temporary challenges at Centurion and adverse weather conditions at Coppabella, partially offset by completing an accelerated longwall move at Metropolitan. The segment reported Adjusted EBITDA loss of $7.0 million, including approximately $80 million impact from Centurion, while benefitting from 13 percent higher average realized prices compared to the prior quarter.Powder River Basin
Quarter Ended
Mar.
Dec.
Mar.
2026
2025
2025Tons sold (in millions)21.2
22.3
19.6Revenue per Ton$ 13.65
$ 13.44
$ 14.02Costs per Ton12.53
11.44
12.18Adjusted EBITDA Margin per Ton$ 1.12
$ 2.00
$ 1.84Adjusted EBITDA (in millions)$ 23.7
$ 44.8
$ 36.3Powder River Basin generated Adjusted EBITDA of $23.7 million in the first quarter, with sales volumes above guidance. Costs per ton of $12.53 were modestly above target, due to sales mix changes and timing of equipment maintenance and repair costs.Other U.S. Thermal
Quarter Ended
Mar.
Dec.
Mar.
2026
2025
2025Tons sold (in millions)3.3
3.7
3.1Revenue per Ton$ 55.79
$ 51.64
$ 54.32Costs per Ton44.37
46.77
43.71Adjusted EBITDA Margin per Ton$ 11.42
$ 4.87
$ 10.61Adjusted EBITDA (in millions)$ 37.8
$ 18.1
$ 32.9Other U.S. Thermal delivered Adjusted EBITDA of $37.8 million in the first quarter. Volumes were in line with expectations, while costs per ton of $44.37 came in below company targets, reflecting disciplined cost control and higher production at underground operations. The segment reported 20 percent Adjusted EBITDA margins.-----------Centurion Update During initial longwall commissioning, electrical and mechanical issues, now resolved, constrained cutting speeds which contributed to temporary challenges to roof conditions. The company implemented a comprehensive response plan focused on proactive strata management, targeted equipment optimization, and deployment of additional technical and operational resources. The Company anticipates completing commissioning and production ramp-up in the second quarter, and running at full longwall production rates throughout the second half of the year.The company expects Centurion to sell approximately 0.3 million tons in the second quarter. The longwall move initially planned for the fourth quarter is now expected in early 2027, leading to full year 2026 volume of 2.5 million tons compared to the original 3.5 million ton expectation."While this was not the start we had anticipated, we quickly mobilized the most experienced engineering and operating personnel to address the challenges," said Mr. Grech. "The team has responded safely and effectively, stabilizing performance and positioning the operation for increased production moving forward."Second Quarter 2026 Outlook Seaborne ThermalVolume is expected to be 3.0 million tons, including 1.9 million export tons. 0.3 million export tons are priced at approximately $64.60 per ton, and 1.0 million tons of Newcastle product and 0.6 million tons of high ash product are unpriced. Costs are anticipated to be $57—$62 per ton.Seaborne MetallurgicalSeaborne met volumes are expected to be 2.3 million tons and are expected to achieve approximately 75 percent of the premium hard coking coal price index. Costs are anticipated to be $145—$150 per ton. U.S. ThermalPRB volume is expected to be 19 million tons at an average price of $13.50 per ton and costs of approximately $13.00—$13.50 per ton.Other U.S. Thermal volume is expected to be 3.4 million tons at an average price of $54.50 per ton and costs of approximately $45—$49 per ton. Today's earnings call is scheduled for 10 a.m. CT and can be accessed via the company's website at PeabodyEnergy.com.Peabody (NYSE: BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com. Contact:
Kala Finklang
Email: ir@peabodyenergy.com 1 Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA margin is equal to segment Adjusted EBITDA divided by segment revenue. Revenue per Ton and Adjusted EBITDA Margin per Ton are equal to revenue by segment and Adjusted EBITDA by segment, respectively, divided by segment tons sold. Costs per Ton is equal to Revenue per Ton less Adjusted EBITDA Margin per Ton. Management believes Costs per Ton and Adjusted EBITDA Margin per Ton best reflect controllable costs and operating results at the reportable segment level. We consider all measures reported on a per ton basis, as well as Adjusted EBITDA margin, to be operating/statistical measures. Please refer to the tables and related notes herein for a reconciliation and definition of non-GAAP financial measures. Guidance TargetsSegment Performance
2026 Full Year
Total Volume
(millions of short tons)Priced Volume
(millions of short
tons)Priced Volume
Pricing per
Short TonAverage Cost per
Short TonSeaborne Thermal12.0 - 13.06.7$48.93$49.50 - $54.50Seaborne Thermal (Export)7.5 - 8.52.2$82.94N/ASeaborne Thermal (Domestic)4.54.5$32.31N/ASeaborne Metallurgical9.3 - 10.33.0$138.84$123.00 - $133.00PRB U.S. Thermal82.0 - 88.080.5$13.50$11.75 - $12.25Other U.S. Thermal13.2 - 14.2 13.4$55.25$45.00 - $49.00
Other Annual Financial Metrics ($ in millions)
2026 Full Year
SG&A$115
Total Capital Expenditures$340
ARO Cash Spend$65
Supplemental Information
Seaborne Thermal50% of unpriced export volumes are expected to price on average at
Globalcoal "NEWC" levels and 50% are expected to have a higher ash content
and price at 85-95% of API 5 price levels.Seaborne MetallurgicalOn average, Peabody's metallurgical sales are anticipated to price at ~80% of
the premium hard-coking coal index price (FOB Australia).PRB and Other U.S. ThermalPRB and Other U.S. Thermal volumes reflect volumes priced at March 31,
2026. Weighted average quality for the PRB segment 2026 volume is
approximately 8,725 BTU.Certain forward-looking measures and metrics presented are non-GAAP financial and operating/statistical measures. Due to the volatility and variability of certain items needed to reconcile these measures to their nearest GAAP measure, no reconciliation can be provided without unreasonable cost or effort.Condensed Consolidated Statements of Operations (Unaudited)For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025
(In Millions, Except Per Share Data)
Quarter Ended
Mar.
Dec.
Mar.
2026
2025
2025Revenue$ 973.3
$ 1,022.3
$ 937.0Operating Costs and Expenses (1)864.7
878.4
770.2Depreciation, Depletion and Amortization109.5
99.0
92.1Asset Retirement Obligation Expenses13.6
(4.8)
13.6Selling and Administrative Expenses31.6
30.5
23.6Restructuring Charges1.1
0.3
1.7Costs Related to Terminated Acquisition3.0
3.7
2.4Net Gain on Disposals(11.7)
(2.4)
(5.2)Loss from Equity Affiliates5.7
4.2
6.7Other Operating Loss—
5.6
—Operating (Loss) Profit(44.2)
7.8
31.9Interest Expense, Net of Capitalized Interest10.7
11.3
11.5Interest Income(13.1)
(12.3)
(15.4)Net Periodic Benefit Credit, Excluding Service Cost(0.4)
(7.4)
(7.4)Net Mark-to-Market Adjustment on Actuarially Determined Liabilities—
(5.4)
—(Loss) Income from Continuing Operations Before Income Taxes(41.4)
21.6
43.2Income Tax (Benefit) Provision (16.0)
10.0
4.9(Loss) Income from Continuing Operations, Net of Income Taxes(25.4)
11.6
38.3(Loss) Income from Discontinued Operations, Net of Income Taxes(0.2)
0.8
(0.3)Net (Loss) Income(25.6)
12.4
38.0Less: Net Income Attributable to Noncontrolling Interests6.8
2.0
3.6Net (Loss) Income Attributable to Common Stockholders$ (32.4)
$ 10.4
$ 34.4
Adjusted EBITDA (2)$ 82.5
$ 118.1
$ 144.0
Diluted EPS - (Loss) Income from Continuing Operations (3)(4)$ (0.26)
$ 0.08
$ 0.27
Diluted EPS - Net (Loss) Income Attributable to Common Stockholders (3)$ (0.27)
$ 0.09
$ 0.27
(1)Excludes items shown separately.(2)Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP.(3)Weighted average diluted shares outstanding were 122.0 million, 123.0 million and 138.7 million during the quarters ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively.(4)Reflects (loss) income from continuing operations, net of income taxes less net income attributable to noncontrolling interests.
This information is intended to be reviewed in conjunction with the company's filings with the SEC. Condensed Consolidated Balance Sheets
As of Mar. 31, 2026 and Dec. 31, 2025
(Dollars In Millions)
(Unaudited)
Mar. 31, 2026
Dec. 31, 2025Cash and Cash Equivalents$ 492.5
$ 575.3Accounts Receivable, Net309.5
314.9Inventories, Net405.5
383.2Other Current Assets303.8
285.4Total Current Assets1,511.3
1,558.8Property, Plant, Equipment and Mine Development, Net3,129.9
3,153.3Operating Lease Right-of-Use Assets128.9
121.2Restricted Cash and Collateral811.3
844.1Investments and Other Assets126.3
127.6Deferred Income Taxes2.3
2.2Total Assets$ 5,710.0
$ 5,807.2
Current Portion of Long-Term Debt $ 14.3
$ 15.2Accounts Payable and Accrued Expenses795.6
827.0Total Current Liabilities809.9
842.2Long-Term Debt, Less Current Portion320.9
321.2Deferred Income Taxes3.5
26.3Asset Retirement Obligations, Less Current Portion694.4
692.8Accrued Postretirement Benefit Costs108.8
109.2Operating Lease Liabilities, Less Current Portion94.4
87.5Other Noncurrent Liabilities138.0
145.8Total Liabilities2,169.9
2,225.0
Common Stock1.9
1.9Additional Paid-in Capital4,010.3
4,004.8Treasury Stock(1,930.6)
(1,927.3)Retained Earnings1,314.2
1,355.9Accumulated Other Comprehensive Income99.4
101.1Peabody Energy Corporation Stockholders' Equity3,495.2
3,536.4Noncontrolling Interests44.9
45.8Total Stockholders' Equity3,540.1
3,582.2Total Liabilities and Stockholders' Equity$ 5,710.0
$ 5,807.2
This information is intended to be reviewed in conjunction with the company's filings with the SEC. Condensed Consolidated Statements of Cash Flows (Unaudited)
For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025
(Dollars In Millions)
Quarter Ended
Mar.
Dec.
Mar.
2026
2025
2025Cash Flows From Operating Activities
Net Cash Provided By Continuing Operations$ 30.6
$ 69.2
$ 120.5Net Cash Used in Discontinued Operations(0.6)
(0.6)
(0.6)Net Cash Provided By Operating Activities30.0
68.6
119.9Cash Flows From Investing Activities
Additions to Property, Plant, Equipment and Mine Development(85.4)
(130.6)
(70.4)Changes in Accrued Expenses Related to Capital Expenditures(37.1)
24.6
(38.6)Proceeds from Disposal of Assets, Net of Receivables5.4
15.9
7.2Contributions to Joint Ventures(165.6)
(165.7)
(138.3)Distributions from Joint Ventures160.2
162.8
150.8Other, Net(1.0)
(0.8)
(0.3)Net Cash Used In Investing Activities(123.5)
(93.8)
(89.6)Cash Flows From Financing Activities
Repayments of Long-Term Debt(2.4)
(2.3)
(2.8)Payment of Debt Issuance and Other Deferred Financing Costs—
—
(1.7)Repurchase of Employee Common Stock Relinquished for Tax Withholding(3.3)
—
(0.8)Dividends Paid(9.2)
(9.0)
(9.1)Distributions to Noncontrolling Interests(7.7)
(0.1)
(14.7)Net Cash Used In Financing Activities(22.6)
(11.4)
(29.1)Net Change in Cash, Cash Equivalents and Restricted Cash(116.1)
(36.6)
1.2Cash, Cash Equivalents and Restricted Cash at Beginning of Period1,284.5
1,321.1
1,382.6Cash, Cash Equivalents and Restricted Cash at End of Period$ 1,168.4
$ 1,284.5
$ 1,383.8
This information is intended to be reviewed in conjunction with the company's filings with the SEC. Reconciliation of Non-GAAP Financial Measures (Unaudited)
For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025
(Dollars In Millions)
Note: Management believes that non-GAAP financial measures are used by investors to measure our operating performance. These measures
are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures
presented by other companies.
Quarter Ended
Mar.
Dec.
Mar.
2026
2025
2025(Loss) Income from Continuing Operations, Net of Income Taxes$ (25.4)
$ 11.6
$ 38.3Depreciation, Depletion and Amortization109.5
99.0
92.1Asset Retirement Obligation Expenses13.6
(4.8)
13.6Restructuring Charges1.1
0.3
1.7Costs Related to Terminated Acquisition3.0
3.7
2.4Changes in Amortization of Basis Difference Related to Equity Affiliates(0.6)
(0.8)
(0.6)Other Operating Loss—
5.6
—Interest Expense, Net of Capitalized Interest10.7
11.3
11.5Interest Income(13.1)
(12.3)
(15.4)Net Mark-to-Market Adjustment on Actuarially Determined Liabilities—
(5.4)
—Unrealized (Gains) Losses on Foreign Currency Option Contracts(0.3)
0.1
(4.3)Take-or-Pay Contract-Based Intangible Recognition—
(0.2)
(0.2)Income Tax (Benefit) Provision (16.0)
10.0
4.9Adjusted EBITDA (1)$ 82.5
$ 118.1
$ 144.0
Operating Costs and Expenses$ 864.7
$ 878.4
$ 770.2Unrealized Gains (Losses) on Foreign Currency Option Contracts0.3
(0.1)
4.3Take-or-Pay Contract-Based Intangible Recognition—
0.2
0.2Net Periodic Benefit Credit, Excluding Service Cost(0.4)
(7.4)
(7.4)Total Segment Costs (2)$ 864.6
$ 871.1
$ 767.3
(1)Adjusted EBITDA is defined as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing the reportable segments' operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by the chief operating decision maker as the primary financial metric to measure each segment's operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions.(2)Total Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each reportable segment's operating performance, as displayed in the reconciliation above. Total Segment Costs is used by management as a component of a metric to measure each segment's operating performance.
This information is intended to be reviewed in conjunction with the company's filings with the SEC. Supplemental Financial Data (Unaudited)
For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025
Quarter Ended
Mar.
Dec.
Mar.
2026
2025
2025Tons Sold (In Millions)29.6
31.9
28.9
Revenue Summary (In Millions)
Seaborne Thermal $ 197.5
$ 205.6
$ 265.1Seaborne Metallurgical 283.0
305.4
220.1
Powder River Basin 289.5
300.3
275.6Other U.S. Thermal 184.5
191.5
168.7Total U.S. Thermal 474.0
491.8
444.3Corporate and Other18.8
19.5
7.5Total$ 973.3
$ 1,022.3
$ 937.0
Total Segment Costs Summary (In Millions) (1)
Seaborne Thermal $ 149.0
$ 142.1
$ 180.9Seaborne Metallurgical 290.0
280.8
206.9
Powder River Basin 265.8
255.5
239.3Other U.S. Thermal 146.7
173.4
135.8Total U.S. Thermal 412.5
428.9
375.1Corporate and Other13.1
19.3
4.4Total$ 864.6
$ 871.1
$ 767.3
Other Supplemental Financial Data (In Millions)
Adjusted EBITDA - Seaborne Thermal $ 48.5
$ 63.5
$ 84.2Adjusted EBITDA - Seaborne Metallurgical(7.0)
24.6
13.2
Adjusted EBITDA - Powder River Basin 23.7
44.8
36.3Adjusted EBITDA - Other U.S. Thermal 37.8
18.1
32.9Adjusted EBITDA - Total U.S. Thermal 61.5
62.9
69.2Middlemount (5.0)
(1.0)
(6.9)Resource Management Results (2)14.0
11.4
5.5Selling and Administrative Expenses (31.6)
(30.5)
(23.6)Other Operating Costs, Net (3)2.1
(12.8)
2.4Adjusted EBITDA (1)$ 82.5
$ 118.1
$ 144.0
(1)Total Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP.(2)Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue.(3)Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's other equity method investments, costs associated with suspended operations, holding costs associated with the Centurion Mine, the impact of foreign currency remeasurement and expenses related to the Company's other commercial activities.
This information is intended to be reviewed in conjunction with the company's filings with the SEC.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's or the Board's current expectations or predictions of future conditions, events, or results. All statements that address operating performance, events, or developments that may occur in the future are forward-looking statements, including statements regarding the shareholder return framework, execution of the Company's operating plans, market conditions for the Company's products, reclamation obligations, financial outlook, potential acquisitions and strategic investments, and liquidity requirements. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive, and regulatory factors, many of which are beyond Peabody's control, that are described in Peabody's periodic reports filed with the SEC including its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody's website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties. View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-reports-results-for-the-quarter-ended-march-31-2026-302761987.htmlSOURCE Peabody Original: Peabody Reports Results for the Quarter Ended March 31, 2026
US Market News
5月前
Peabody Board Declares Dividend on Common StockFebruary 5, 2026 7:45 AM
PR Newswire (US)
ST. LOUIS, Feb. 5, 2026 /PRNewswire/ -- Peabody (NYSE: BTU) announced today that its Board of Directors has declared a quarterly dividend on its common stock of $0.075 per share, payable on March 10, 2026 to stockholders of record on February 23, 2026.Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com. Contact:
Vic Svec / Kala Finklang
ir@peabodyenergy.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results. All statements that address operating performance, events, or developments that Peabody expects will occur in the future are forward-looking statements. They may include estimates of sales and other operating performance targets, cost savings, capital expenditures, dividends, share repurchases, other expense items, actions relating to strategic initiatives, demand for the company's products, liquidity, capital structure, market share, industry volume, other financial items, descriptions of management's plans or objectives for future operations and descriptions of assumptions underlying any of the above. The declaration and payment of future quarterly dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash flow and cash requirements, future prospects, and other factors deemed relevant by the Board. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond Peabody's control, that are described in Peabody's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024 and its Quarterly Report on Form 10-Q for the quarters ended Mar. 31, 2025 and Sept. 30, 2025, and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody's website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.
View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-board-declares-dividend-on-common-stock-302679606.htmlSOURCE Peabody
Original: Peabody Board Declares Dividend on Common Stock
US Market News
5月前
Peabody Reports Results for the Quarter and Year Ended December 31, 2025February 5, 2026 7:46 AM
PR Newswire (US)
Key Operational and Financial Metrics Meet or Exceed 2025 Full-Year Guidance Centurion Longwall Mining Ahead of ScheduleU.S. Policy and Market Tailwinds Supportive of Increasing Coal UseST. LOUIS, Feb. 5, 2026 /PRNewswire/ -- Peabody (NYSE: BTU) today reported fourth quarter net income attributable to common stockholders of $10.4 million, or $0.09 per diluted share, compared to $30.6 million, or $0.25 per diluted share, in the prior year quarter. Peabody had Adjusted EBITDA1 of $118.1 million in the fourth quarter of 2025, compared to $176.7 million in the fourth quarter of 2024.Full-year 2025 revenue totaled $3,861.5 million compared to $4,236.7 million in the prior year in the face of sharply lower seaborne coal prices. Full-year 2025 net income attributable to common stockholders totaled $(52.9) million, or $(0.43) per diluted share, compared to $370.9 million, or $2.70 per diluted share in the prior year. Adjusted EBITDA was $454.9 million compared to $871.7 million in the prior year."Peabody's continued strong operational performance in the fourth quarter capped an excellent year with record safety and environmental results, increased volumes and focused cost control," said Peabody President and Chief Executive Officer Jim Grech. "Against a new backdrop of rising seaborne metallurgical coal prices, we are pleased to announce the accelerated start of longwall operations this week at our flagship Centurion mine, which materially upgrades both the quantity and quality of our steelmaking coal production. And U.S. market conditions remain highly favorable for our thermal coal platform with growing interest in increased coal generation, expanding West Coast export capabilities and potential rare earth/critical mineral opportunities."Fourth Quarter and Full Year HighlightsPeabody reported full-year Adjusted EBITDA of $455 million, despite sharply lower seaborne coal prices in 2025. The company generated operating cash flow from continuing operations of $336 million and reported $575 million of Cash and Cash Equivalents at December 31, 2025. Peabody's full-year results met or exceeded original full-year guidance across seven of eight segment volume and cost metrics.Peabody's operations achieved a global TRIFR of 0.71 per 200,000 hours worked, setting an all-time record for the lowest incidence rate in the Company's history for the second consecutive year, surpassing the previous year's record low of 0.81. Peabody also reclaimed approximately two acres for every acre disturbed, continuing its track record of environmental excellence.Centurion's longwall is anticipated to begin cutting coal this week, two months ahead of schedule, marking a major milestone and strengthening Peabody's seaborne metallurgical segment with an estimated 3.5 million tons of premium low vol hard coking coal production in 2026, ramping up to 4.7 million tons in 2028.Mr. Grech was appointed Chair of the National Coal Council (NCC). A key priority of the NCC will be to advise the Administration on ways to expand use of coal-fueled generation, build new coal plants, and export greater quantities of U.S. coal.Supportive U.S. policy and market conditions including higher natural gas prices, and AI and data-center-driven demand for dispatchable power resulted in increased coal plant utilization and supported higher volumes across the U.S. thermal coal portfolio, led by 85 million tons from our Powder River Basin mines.The company advanced projects relating to evaluation of rare earth element and critical mineral potential, power generation from coal mine gas at Centurion, and development of 3 GW of renewable energy projects on former mined lands in the Midwest.Peabody declared a $0.075 per share dividend on Feb. 5, 2026, payable on Mar. 10, 2026 to shareholders of record on Feb. 23, 2026.Fourth Quarter Segment PerformanceSeaborne Thermal
Quarter Ended
Year Ended
Dec.
Sept.
Dec.
Dec.
Dec.
2025
2025
2024
2025
2024Tons sold (in millions)3.3
4.1
4.2
15.4
16.4Export2.1
2.8
2.8
9.9
10.6Domestic1.2
1.3
1.4
5.5
5.8Revenue per Ton$ 62.84
$ 59.25
$ 73.55
$ 58.97
$ 73.88Export - Avg. Realized Price per Ton81.80
76.54
96.41
77.69
99.87Domestic - Avg. Realized Price per Ton25.92
24.62
25.47
24.86
25.96Costs per Ton43.43
49.23
46.97
44.55
47.71Adjusted EBITDA Margin per Ton$ 19.41
$ 10.02
$ 26.58
$ 14.42
$ 26.17Adjusted EBITDA (in millions)$ 63.5
$ 41.0
$ 111.8
$ 222.2
$ 430.0Seaborne Thermal volumes totaled 3.3 million tons, ahead of expectations. The average export price per ton of $81.80 increased 7 percent from the prior quarter, despite the third-quarter closure of the Wambo Underground Mine. Costs per ton were better than expectations driven by higher-than-anticipated production. The segment delivered 31 percent Adjusted EBITDA margins on Adjusted EBITDA of $63.5 million, a 55 percent increase from the previous quarter.Seaborne Metallurgical
Quarter Ended
Year Ended
Dec.
Sept.
Dec.
Dec.
Dec.
2025
2025
2024
2025
2024Tons sold (in millions)2.5
2.1
2.2
8.6
7.3Revenue per Ton$ 122.84
$ 121.34
$ 123.41
$ 120.88
$ 144.97Costs per Ton112.94
108.31
113.05
114.31
122.77Adjusted EBITDA Margin per Ton$ 9.90
$ 13.03
$ 10.36
$ 6.57
$ 22.20Adjusted EBITDA, Excluding Insurance Recovery
(in millions)$ 24.6
$ 27.8
$ 22.8
$ 56.4
$ 161.7Shoal Creek Insurance Recovery (in millions)—
—
—
—
80.8Adjusted EBITDA (in millions)$ 24.6
$ 27.8
$ 22.8
$ 56.4
$ 242.5Seaborne Metallurgical volumes came in ahead of expectations at 2.5 million tons, reflecting a 19 percent increase over the prior quarter. Costs per ton were in line with targets, despite an early start to wet summer weather in Queensland. The segment reported 8 percent Adjusted EBITDA margins on Adjusted EBITDA of $24.6 million.Powder River Basin
Quarter Ended
Year Ended
Dec.
Sept.
Dec.
Dec.
Dec.
2025
2025
2024
2025
2024Tons sold (in millions)22.3
22.6
23.0
84.5
79.6Revenue per Ton$ 13.44
$ 13.36
$ 13.79
$ 13.64
$ 13.81Costs per Ton11.44
11.07
11.50
11.56
12.07Adjusted EBITDA Margin per Ton$ 2.00
$ 2.29
$ 2.29
$ 2.08
$ 1.74Adjusted EBITDA (in millions)$ 44.8
$ 51.7
$ 52.7
$ 175.8
$ 138.6Powder River Basin (PRB) shipped 22.3 million tons in the fourth quarter, finishing the year 4.9 million tons higher than 2024. PRB average realized price per ton for the quarter was above targets, with costs in line with expectations. The segment delivered 15 percent Adjusted EBITDA margins and Adjusted EBITDA of $44.8 million for the quarter and $175.8 million for 2025, a 27 percent increase over 2024.Other U.S. Thermal
Quarter Ended
Year Ended
Dec.
Sept.
Dec.
Dec.
Dec.
2025
2025
2024
2025
2024Tons sold (in millions)3.7
3.7
3.7
13.4
14.6Revenue per Ton$ 51.64
$ 51.77
$ 57.74
$ 52.82
$ 56.38Costs per Ton46.77
49.90
46.73
47.49
46.04Adjusted EBITDA Margin per Ton$ 4.87
$ 1.87
$ 11.01
$ 5.33
$ 10.34Adjusted EBITDA (in millions)$ 18.1
$ 6.9
$ 40.5
$ 71.4
$ 150.8Other U.S. Thermal shipped 3.7 million tons in the quarter, above company targets. Revenue per ton came in above expectations and costs per ton were modestly down quarter over quarter. The segment reported Adjusted EBITDA of $18.1 million for the quarter and $71.4 million for 2025.Balance Sheet/Liquidity Peabody ended the year with a strong financial position, supported by $336 million of operating cash flow from continuing operations in 2025 and $575 million of Cash and Cash Equivalents at December 31, 2025. The Company maintained substantial liquidity throughout the year, ensuring the financial flexibility to support its shareholder return framework and advance strategic growth initiatives."Peabody has continued to demonstrate balance sheet strength while investing approximately $750 million in recent years to develop and expand Centurion, which will significantly increase our leverage to the premium hard coking coal segment of the metallurgical market," said Executive Vice President and Chief Financial Officer Mark Spurbeck. "With sustained higher met coal realizations and lower capital expenditures, Peabody will be better positioned to return additional free cash flow to shareholders, consistent with our established return framework."Centurion Longwall Mining Ahead of ScheduleLongwall mining is anticipated to begin this week at Centurion, Peabody's flagship tier-one premium hard coking coal mine in Australia's Bowen Basin. The startup comes two months ahead of its original target and strengthens Peabody's position in the seaborne metallurgical coal market."With a low cost structure, premium price realizations and a long mine life, Centurion immediately vaults to the top of Peabody's coal operations and establishes a multi-decade foundation for shareholder value creation," said Peabody President and Chief Executive Officer Jim Grech. "Full operations at Centurion follow years of strategic investment, and investors will now begin to benefit from this premier addition to the portfolio."Centurion will significantly enhance Peabody's metallurgical coal platform with an average annual production of 4.7 million tons at estimated costs of $105 per ton (2024 dollars) over a 25-year-plus mine life. The mine benefits from an expanded integrated mine plan of 140 million tons in the coveted Goonyella Middle Seam. Centurion is targeted to deliver 3.5 million tons in 2026, ramping to its targeted 4.7-million-ton annual run rate by 2028.Centurion's product quality and proximity to key demand nodes in Asia results in full benchmark premium hard coking coal pricing. Peabody's segment-wide metallurgical coal realizations are expected to improve meaningfully from approximately 70 percent of benchmark in 2025 to 80 percent in 2026, with the potential to exceed that level as Centurion reaches full scale. The company now assesses Centurion's net present value at $2.1 billion at $225 per tonne benchmark pricing, an increase of more than 30 percent over the estimate of late 2024.Rare Earth Elements and Critical Mineral AdvancementPeabody continues to pursue rare earth element (REE) and critical mineral (CM) opportunities from "unconventional" deposits, with substantial testing primarily at its Powder River Basin operations. In addition to the standard array of light rare earth elements, current assessments indicate that the company's large volumes of selective mining feedstock contain an attractive proportion of heavy rare earths including yttrium, dysprosium and terbium, as well as other critical minerals such as germanium, gallium and scandium.Peabody has advanced multiple REE/CM workstreams since mid-2025:The company is conducting extensive testing to evaluate mineral types and concentrations. Analysis to date of the targeted PRB feedstocks indicates critical mineral oxide concentrations (CMOCs) ranging from 428 — 1,669 ppm (parts per million) on a dry-ash basis.Heavy rare earths account for an estimated 21 – 28 percent of CMOCs.Additionally, germanium and gallium concentrations in select mining areas are attractive.Peabody has been recommended by the Wyoming Energy Authority to receive funding of $6.25 million for a pilot plant using Peabody's PRB coal for REE/CM processing.Peabody is developing flowsheets in conjunction with technology partners to support techno-economic assessments and produce rare earth products.The company is continuing collaboration with government agencies and departments focused on accelerating timelines to production.While Peabody's rare earth and critical minerals initiative is in early stages, the company is encouraged by the progress to date and has expanded the scope of activities to evaluate commercial potential.Focus Areas for 2026"As we begin 2026, Peabody continues to advance our transition to greater metallurgical coal production while building on our leadership position in U.S. energy coal," said Mr. Grech. "Our investment thesis is supported by a strengthened portfolio, disciplined capital allocation framework, and increasing opportunities across both steelmaking coal and U.S. energy markets. In 2026, we are focused on ramping up Centurion production, capitalizing on rising electricity demand and returning to free cash flow generation," said Mr. Grech.Peabody's 2026 priorities include:Driving safe, reliable and efficient operations across the companyAchieving full operational performance at CenturionContinuing the strong Adjusted EBITDA-to-capex margins from Peabody's high-cash-flowing thermal coal assetsPreserving balance sheet strength and increasing free cash flow to support shareholder returnsProgressing workstreams to maximize commercial opportunities using the company's land/coal resourcesFirst Quarter 2026 Outlook Seaborne ThermalSeaborne Thermal volumes are expected to be 2.8 million tons, including 1.7 million export tons. 0.2 million export tons are priced at $101.05 per ton, and 0.7 million tons of Newcastle product and 0.8 million tons of high ash product are unpriced. Sales volume is expected to be lower in the first quarter due to sequencing at the Wilpinjong Mine, with segment costs anticipated to be $51-$56 per ton.Seaborne MetallurgicalSeaborne met volumes are expected to be 2.4 million tons and are expected to achieve approximately 75 percent of the premium hard coking coal price index. Costs are anticipated to be $117-$122 per ton. Longwall moves are planned at Metropolitan and Shoal Creek in the quarter.U.S. ThermalPRB volume is expected to be approximately 21 million tons at an average price of $13.40 per ton and costs of approximately $11.75-$12.25 per ton.Other U.S. Thermal volume is expected to be approximately 3.3 million tons at an average price of $54.50 per ton and costs of approximately $45-$49 per ton.Today's earnings call is scheduled for 10 a.m. CT and can be accessed via the company's website at PeabodyEnergy.com.Peabody (NYSE: BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com. Contacts:
Vic Svec / Kala Finklang
ir@peabodyenergy.com _______________________________1 Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA margin is equal to segment Adjusted EBITDA (excluding insurance recoveries) divided by segment revenue. Revenue per Ton and Adjusted EBITDA Margin per Ton are equal to revenue by segment and Adjusted EBITDA by segment (excluding insurance recoveries), respectively, divided by segment tons sold. Costs per Ton is equal to Revenue per Ton less Adjusted EBITDA Margin per Ton. Management believes Costs per Ton and Adjusted EBITDA Margin per Ton best reflect controllable costs and operating results at the reportable segment level. We consider all measures reported on a per ton basis, as well as Adjusted EBITDA margin, to be operating/statistical measures. Please refer to the tables and related notes herein for a reconciliation and definition of non-GAAP financial measures. Guidance Targets
Segment Performance
2026 Full Year
Total Volume
(millions of short tons)Priced Volume
(millions of short
tons)Priced Volume
Pricing per
Short TonAverage Cost per
Short TonSeaborne Thermal12.0 - 13.04.7$35.18$47.50 - $52.50Seaborne Thermal (Export)7.5 - 8.50.2$101.05NASeaborne Thermal (Domestic)4.54.5$32.25NASeaborne Metallurgical10.3 - 11.3 0.3$141.85$108.00 - $118.00PRB U.S. Thermal82.0 - 88.078.3$13.40$11.25 - $11.75Other U.S. Thermal13.2 - 14.2 13.2$54.40$45.00 - $49.00
Other Annual Financial Metrics ($ in millions)
2026 Full Year
SG&A$115
Total Capital Expenditures$340
ARO Cash Spend $65
Supplemental Information
Seaborne Thermal45% of unpriced export volumes are expected to price on average at
Globalcoal "NEWC" levels and 55% are expected to have a higher ash content
and price at 85-95% of API 5 price levels.Seaborne MetallurgicalOn average, Peabody's metallurgical sales are anticipated to price at ~80% of
the premium hard-coking coal index price (FOB Australia).PRB and Other U.S. ThermalPRB and Other U.S. Thermal volumes reflect volumes priced at December 31,
2025. Weighted average quality for the PRB segment 2026 volume is
approximately 8,725 BTU.Certain forward-looking measures and metrics presented are non-GAAP financial and operating/statistical measures. Due to the volatility and variability of certain items needed to reconcile these measures to their nearest GAAP measure, no reconciliation can be provided without unreasonable cost or effort.Condensed Consolidated Statements of Operations (Unaudited)
For the Quarters Ended Dec. 31, 2025, Sept. 30, 2025 and Dec. 31, 2024 and the
Years Ended Dec. 31, 2025 and 2024
(In Millions, Except Per Share Data)
Quarter Ended
Year Ended
Dec.
Sept.
Dec.
Dec.
Dec.
2025
2025
2024
2025
2024
Revenue$ 1,022.3
$ 1,012.1
$ 1,123.1
$ 3,861.5
$ 4,236.7Operating Costs and Expenses (1)878.4
896.9
957.0
3,334.9
3,420.9Depreciation, Depletion and Amortization99.0
100.0
95.6
384.5
343.0Asset Retirement Obligation Expenses(4.8)
13.9
10.2
36.5
48.9Selling and Administrative Expenses30.5
27.4
26.3
105.0
91.0Restructuring Charges0.3
4.0
2.3
9.5
4.4Costs Related to Terminated Acquisition3.7
54.0
10.3
78.9
10.3Net Gain on Disposals(2.4)
(5.3)
(0.1)
(27.7)
(9.8)Shoal Creek Insurance Recovery—
—
—
—
(109.5)Loss (Income) from Equity Affiliates4.2
2.6
(18.6)
14.4
(11.5)Other Operating Loss5.6
—
—
5.6
3.7Operating Profit (Loss)7.8
(81.4)
40.1
(80.1)
445.3Interest Expense, Net of Capitalized Interest11.3
10.0
11.8
43.9
46.9Interest Income(12.3)
(13.9)
(17.3)
(55.4)
(71.0)Net Periodic Benefit Credit, Excluding Service Cost(7.4)
(7.5)
(10.2)
(29.7)
(40.6)Net Mark-to-Market Adjustment on Actuarially Determined
Liabilities(5.4)
—
(6.1)
(5.4)
(6.1)Income (Loss) from Continuing Operations Before Income Taxes21.6
(70.0)
61.9
(33.5)
516.1Income Tax Provision (Benefit)10.0
(3.4)
23.6
8.8
108.8Income (Loss) from Continuing Operations, Net of Income Taxes11.6
(66.6)
38.3
(42.3)
407.3Income (Loss) from Discontinued Operations, Net of Income Taxes0.8
(0.3)
(0.5)
(0.2)
(3.8)Net Income (Loss)12.4
(66.9)
37.8
(42.5)
403.5Less: Net Income Attributable to Noncontrolling Interests2.0
3.2
7.2
10.4
32.6Net Income (Loss) Attributable to Common Stockholders$ 10.4
$ (70.1)
$ 30.6
$ (52.9)
$ 370.9
Adjusted EBITDA (2)$ 118.1
$ 99.5
$ 176.7
$ 454.9
$ 871.7
Diluted EPS - Income (Loss) from Continuing Operations (3)(4)$ 0.08
$ (0.57)
$ 0.25
$ (0.43)
$ 2.73
Diluted EPS - Net Income (Loss) Attributable to Common
Stockholders (3)$ 0.09
$ (0.58)
$ 0.25
$ (0.43)
$ 2.70
(1)Excludes items shown separately.(2)Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP.(3)Weighted average diluted shares outstanding were 123.0 million, 121.7 million and 138.4 million during the quarters ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively. During the years ended December 31, 2025 and 2024, weighted average diluted shares outstanding were 121.8 million and 141.9 million, respectively.(4)Reflects income (loss) from continuing operations, net of income taxes less net income attributable to noncontrolling interests.
This information is intended to be reviewed in conjunction with the company's filings with the SEC. Condensed Consolidated Balance Sheets
As of Dec. 31, 2025 and 2024
(Dollars In Millions)
(Unaudited)
Dec. 31, 2025
Dec. 31, 2024Cash and Cash Equivalents$ 575.3
$ 700.4Accounts Receivable, Net314.9
359.3Inventories, Net383.2
393.4Other Current Assets285.4
327.6Total Current Assets1,558.8
1,780.7Property, Plant, Equipment and Mine Development, Net3,153.3
3,081.5Operating Lease Right-of-Use Assets121.2
119.3Restricted Cash and Collateral844.1
809.8Investments and Other Assets127.6
162.4Deferred Income Taxes2.2
—Total Assets$ 5,807.2
$ 5,953.7
Current Portion of Long-Term Debt$ 15.2
$ 15.8Accounts Payable and Accrued Expenses827.0
811.7Total Current Liabilities842.2
827.5Long-Term Debt, Less Current Portion321.2
332.3Deferred Income Taxes26.3
40.9Asset Retirement Obligations, Less Current Portion692.8
667.8Accrued Postretirement Benefit Costs109.2
120.4Operating Lease Liabilities, Less Current Portion87.5
86.7Other Noncurrent Liabilities145.8
169.3Total Liabilities2,225.0
2,244.9
Common Stock1.9
1.9Additional Paid-in Capital4,004.8
3,990.5Treasury Stock(1,927.3)
(1,926.5)Retained Earnings1,355.9
1,445.8Accumulated Other Comprehensive Income101.1
138.8Peabody Energy Corporation Stockholders' Equity3,536.4
3,650.5Noncontrolling Interests45.8
58.3Total Stockholders' Equity3,582.2
3,708.8Total Liabilities and Stockholders' Equity$ 5,807.2
$ 5,953.7
This information is intended to be reviewed in conjunction with the company's filings with the SEC. Condensed Consolidated Statements of Cash Flows (Unaudited)
For the Quarters Ended Dec. 31, 2025, Sept. 30, 2025 and Dec. 31, 2024 and the
Years Ended Dec. 31, 2025 and 2024
(Dollars In Millions)
Quarter Ended
Year Ended
Dec.
Sept.
Dec.
Dec.
Dec.
2025
2025
2024
2025
2024Cash Flows From Operating Activities
Net Cash Provided By Continuing Operations$ 69.2
$ 122.5
$ 121.4
$ 336.0
$ 612.8Net Cash Used in Discontinued Operations(0.6)
(0.5)
(1.6)
(2.3)
(6.3)Net Cash Provided By Operating Activities68.6
122.0
119.8
333.7
606.5Cash Flows From Investing Activities
Additions to Property, Plant, Equipment and Mine Development(130.6)
(116.2)
(135.6)
(411.4)
(401.3)Changes in Accrued Expenses Related to Capital Expenditures24.6
7.4
5.3
(10.0)
(1.2)Wards Well Acquisition—
—
—
—
(143.8)Deposit Associated with Terminated Acquisition—
—
(75.0)
—
(75.0)Returned Deposit Related to Terminated Acquisition—
29.0
—
29.0
—Insurance Proceeds Attributable to Shoal Creek Equipment
Losses—
—
—
—
10.9Proceeds from Disposal of Assets, Net of Receivables15.9
4.1
1.0
32.5
17.1Contributions to Joint Ventures(165.7)
(144.9)
(177.9)
(601.9)
(728.0)Distributions from Joint Ventures162.8
148.3
167.4
617.8
717.2Other, Net(0.8)
0.2
6.3
(2.6)
6.0Net Cash Used In Investing Activities(93.8)
(72.1)
(208.5)
(346.6)
(598.1)Cash Flows From Financing Activities
Repayments of Long-Term Debt(2.3)
(2.3)
(3.2)
(12.2)
(10.4)Proceeds from Loan Note Related to Terminated Acquisition—
—
9.3
—
9.3Repayment of Loan Note Related to Terminated Acquisition—
(9.3)
—
(9.3)
—Payment of Debt Issuance and Other Deferred Financing Costs—
—
(0.9)
(1.8)
(12.0)Common Stock Repurchases—
—
—
—
(183.1)Excise Taxes Paid Related to Common Stock Repurchases—
—
(3.3)
(1.7)
(3.3)Repurchase of Employee Common Stock Relinquished for Tax
Withholding—
—
—
(0.8)
(4.1)Dividends Paid(9.0)
(9.2)
(9.1)
(36.5)
(37.6)Distributions to Noncontrolling Interests(0.1)
(8.1)
—
(22.9)
(34.8)Net Cash Used In Financing Activities(11.4)
(28.9)
(7.2)
(85.2)
(276.0)Net Change in Cash, Cash Equivalents and Restricted Cash(36.6)
21.0
(95.9)
(98.1)
(267.6)Cash, Cash Equivalents and Restricted Cash at Beginning of
Period1,321.1
1,300.1
1,478.5
1,382.6
1,650.2Cash, Cash Equivalents and Restricted Cash at End of
Period$ 1,284.5
$ 1,321.1
$ 1,382.6
$ 1,284.5
$ 1,382.6
This information is intended to be reviewed in conjunction with the company's filings with the SEC.
Reconciliation of Non-GAAP Financial Measures (Unaudited)For the Quarters Ended Dec. 31, 2025, Sept. 30, 2025 and Dec. 31, 2024 and the
Years Ended Dec. 31, 2025 and 2024
(Dollars In Millions)Note: Management believes that non-GAAP financial measures are used by investors to measure our operating performance. These measures are not
intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by
other companies.
Quarter Ended
Year Ended
Dec.
Sept.
Dec.
Dec.
Dec.
2025
2025
2024
2025
2024
Income (Loss) from Continuing Operations, Net of Income Taxes$ 11.6
$ (66.6)
$ 38.3
$ (42.3)
$ 407.3Depreciation, Depletion and Amortization99.0
100.0
95.6
384.5
343.0Asset Retirement Obligation Expenses(4.8)
13.9
10.2
36.5
48.9Restructuring Charges 0.3
4.0
2.3
9.5
4.4Costs Related to Terminated Acquisition3.7
54.0
10.3
78.9
10.3Shoal Creek Insurance Recovery - Property Damage—
—
—
—
(28.7)Changes in Amortization of Basis Difference Related to Equity
Affiliates(0.8)
(0.5)
(0.7)
(2.7)
(1.8)Other Operating Loss5.6
—
—
5.6
3.7Interest Expense, Net of Capitalized Interest11.3
10.0
11.8
43.9
46.9Interest Income(12.3)
(13.9)
(17.3)
(55.4)
(71.0)Net Mark-to-Market Adjustment on Actuarially Determined Liabilities(5.4)
—
(6.1)
(5.4)
(6.1)Unrealized Losses (Gains) on Foreign Currency Option Contracts0.1
2.3
9.4
(6.0)
9.0Take-or-Pay Contract-Based Intangible Recognition(0.2)
(0.3)
(0.7)
(1.0)
(3.0)Income Tax Provision (Benefit) 10.0
(3.4)
23.6
8.8
108.8Adjusted EBITDA (1)$ 118.1
$ 99.5
$ 176.7
$ 454.9
$ 871.7
Operating Costs and Expenses$ 878.4
$ 896.9
$ 957.0
$ 3,334.9
$ 3,420.9Unrealized (Losses) Gains on Foreign Currency Option Contracts(0.1)
(2.3)
(9.4)
6.0
(9.0)Take-or-Pay Contract-Based Intangible Recognition0.2
0.3
0.7
1.0
3.0Net Periodic Benefit Credit, Excluding Service Cost(7.4)
(7.5)
(10.2)
(29.7)
(40.6)Total Segment Costs (2)$ 871.1
$ 887.4
$ 938.1
$ 3,312.2
$ 3,374.3
(1)Adjusted EBITDA is defined as income (loss) from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing the reportable segments' operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by the chief operating decision maker as the primary financial metric to measure each segment's operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions.(2)Total Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each segment's operating performance, as displayed in the reconciliation above. Total Segment Costs is used by management as a component of a metric to measure each segment's operating performance.
This information is intended to be reviewed in conjunction with the company's filings with the SEC. Supplemental Financial Data (Unaudited)
For the Quarters Ended Dec. 31, 2025, Sept. 30, 2025 and Dec. 31, 2024 and the
Years Ended Dec. 31, 2025 and 2024
Quarter Ended
Year Ended
Dec.
Sept.
Dec.
Dec.
Dec.
2025
2025
2024
2025
2024Tons Sold (In Millions)31.9
32.5
33.1
122.0
118.0
Revenue Summary (In Millions)
Seaborne Thermal $ 205.6
$ 242.7
$ 309.3
$ 908.5
$ 1,213.9Seaborne Metallurgical 305.4
258.9
271.8
1,036.6
1,055.6
Powder River Basin300.3
301.4
317.5
1,153.0
1,098.8Other U.S. Thermal191.5
192.0
212.3
707.3
822.6Total U.S. Thermal 491.8
493.4
529.8
1,860.3
1,921.4Corporate and Other19.5
17.1
12.2
56.1
45.8Total$ 1,022.3
$ 1,012.1
$ 1,123.1
$ 3,861.5
$ 4,236.7
Total Segment Costs Summary (In Millions) (1)
Seaborne Thermal $ 142.1
$ 201.7
$ 197.5
$ 686.3
$ 783.9Seaborne Metallurgical 280.8
231.1
249.0
980.2
893.9
Powder River Basin 255.5
249.7
264.8
977.2
960.2Other U.S. Thermal 173.4
185.1
171.8
635.9
671.8Total U.S. Thermal 428.9
434.8
436.6
1,613.1
1,632.0Corporate and Other19.3
19.8
55.0
32.6
64.5Total$ 871.1
$ 887.4
$ 938.1
$ 3,312.2
$ 3,374.3
Other Supplemental Financial Data (In Millions)
Adjusted EBITDA - Seaborne Thermal$ 63.5
$ 41.0
$ 111.8
$ 222.2
$ 430.0Adjusted EBITDA - Seaborne Metallurgical, Excluding Shoal
Creek Insurance Recovery24.6
27.8
22.8
56.4
161.7Shoal Creek Insurance Recovery - Business Interruption—
—
—
—
80.8Adjusted EBITDA - Seaborne Metallurgical24.6
27.8
22.8
56.4
242.5
Adjusted EBITDA - Powder River Basin44.8
51.7
52.7
175.8
138.6Adjusted EBITDA - Other U.S. Thermal18.1
6.9
40.5
71.4
150.8Adjusted EBITDA - Total U.S. Thermal 62.9
58.6
93.2
247.2
289.4Middlemount(1.0)
(1.7)
10.2
(10.9)
13.1Resource Management Results (2)11.4
5.3
2.7
39.5
19.2Selling and Administrative Expenses(30.5)
(27.4)
(26.3)
(105.0)
(91.0)Other Operating Costs, Net (3)(12.8)
(4.1)
(37.7)
5.5
(31.5)Adjusted EBITDA (1)$ 118.1
$ 99.5
$ 176.7
$ 454.9
$ 871.7
(1)Total Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP.(2)Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue.(3)Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's equity method investment in renewable energy joint ventures, costs associated with suspended operations, holding costs associated with the Centurion Mine, the impact of foreign currency remeasurement and expenses related to the Company's other commercial activities.
This information is intended to be reviewed in conjunction with the company's filings with the SEC.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's or the Board's current expectations or predictions of future conditions, events, or results. All statements that address operating performance, events, or developments that may occur in the future are forward-looking statements, including statements regarding the shareholder return framework, execution of the Company's operating plans, market conditions for the Company's products, reclamation obligations, financial outlook, potential acquisitions and strategic investments, the development of the Company's rare earth elements and critical minerals program, and liquidity requirements. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive, and regulatory factors, many of which are beyond Peabody's control, that are described in Peabody's periodic reports filed with the SEC including its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024 and its Quarterly Report on Form 10-Q for the quarters ended Mar. 31, 2025 and Sept. 30, 2025, and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody's website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.
View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-reports-results-for-the-quarter-and-year-ended-december-31-2025-302679605.htmlSOURCE Peabody
Original: Peabody Reports Results for the Quarter and Year Ended December 31, 2025
MerthyrQ
2年前
During meetings the last six weeks regarding international cargo, manufacturing, and resource development it was made clear that some countries, particularly underdeveloped counties, are looking to enter into agreements with producers of coal, oil, natural gas, metals, and rare earths, to move their operation, particularly manufacturing, to these foreign lands. Here are some interesting, and alarming comments.
Counties with prevailing winds leaving the Country can produce large amounts of hot air, carbon dioxide, particulate, and other air born waste, and let the wind carry it off. The oceans will filter the waste, and waste the oceans do not handle is not their problem.
With the USA quickly regulating its industries out of business, and shuttering its energy sector, particularly coal and oil, the developing counties can pick up this wealth and sell the products to the USA. This will also result in a more “fair” distribution of international wealth.
As the US industries cease manufacturing, the US occupant demand for products will still increase, especially with all the new immigrants arriving by the million into the USA. These consumers will buy what other countries produce because the products will be no longer manufactured in the USA.
Products built in the USA, such as naval ships, trains, planes, heavy equipment energy, appliances, food, and consumer goods can be produced else where. The USA is spending so much of its wealth in world welfare and conflicts that it has plenty of money to pay more for foreign produced products.
Some USA ports are now being re0engineered to unload products like coal, metals, lumber, etc, rather than load ships.
Russia, China, India, and nations of South America and Africa are in the planning stage of railroads, and highways to transport goods to ports. Some jungles will become farms of jungle related plants and wood products.
Farm equipment no made in Illinois and Iowa can be made just a well and less expensively in Africa, Asia, and Europe. Furthermore, with less burdensome environmental energy siphons attached to the machine engines, the equipment will be more productive and less expensive to operate.
Interesting sets of meetings there were. As a loyal US citizen, I found some of the discussions outright scary. The international economic planning sessions were more than just scary.
Some argued that this is a form of business plan operated by China manufacturing and mining over the last several decades and serves as a good example of how this redistribution of wealth and jobs and be successfully attained.
This is the sort of international business news that the USA media declines to print, especially in a presidential election year. The amount of unused water, labor force, and natural resources in Africa, Latin America, and Asia is huge.
Here is another example. Kazakhstan has more oil reserves than all of Arabia and the Middle East. In some places it pools on the surface. One of the several planned pipelines to export some of this oil was built to the North and West, around the Caspian Sea, and through Russia, to a port on the Black Sea. About 20% of that pipeline is owned b one US oil company. The presence of oil is not their problem, lack of access to the Western markets and Europe is the challenge they are working on.
So, coal and other petro-chemical resources may be forced to go away in the USA, by being locked up, but the rest of the world is reacting to happily take over those national wealth building industries, and the manufacturing and jobs that go with them.
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