George Eady's questions to Peabody Energy Corp (BTU) leadership • Q2 2025
Question
George Eady of UBS asked about Peabody's potential liability if found liable after declaring a Material Adverse Change (MAC) on the Anglo American deal, and also inquired about the timing and potential terms of a sell-down of the Centurion mine.
Answer
President and CEO Jim Grech expressed high confidence in the company's MAC position, stating they are prepared for arbitration and will not set aside a reserve for a hypothetical negative outcome. He confirmed the shareholder return policy remains unchanged. Regarding Centurion, Mr. Grech clarified that a sell-down is a potential option, not a commitment, and declined to comment on hypothetical contract terms or a specific timeline.