PEABODY ENERGY (BTU) Company Report

Peabody Energy reported a GAAP net loss of $70.1 million or $0.58 per diluted share for Q3 2025, which included $54 million in acquisition termination costs, while adjusted EBITDA was just under $100 million.
The company is on track to begin longwall production at its Centurion mine next quarter, with shipments of premium hard coking coal expected to expand sevenfold in 2026 to 3.5 million tons and significantly boost average met coal portfolio realizations.
Peabody updated its full-year 2025 guidance, increasing seaborne thermal volumes to 15.1 to 15.4 million tons and PRB volumes to 84 to 86 million tons, while also improving seaborne met cost targets to $115 per ton and PRB costs to $11.25 to $11.75 per ton.
U.S. thermal coal demand is growing, with total U.S. electricity demand up 2% year-over-year and U.S. coal burn increasing 11% this year, driven by data center build-out, increased manufacturing, and favorable natural gas prices.
The company is in the early stages of assessing its potential for rare earth elements and critical minerals in the Powder River Basin, with preliminary data showing promising concentrations and ongoing discussions with the Trump administration.

Oct 30, 2025, 3:00 PM

Transcript

Peabody Energy Reports Q3 2025 Net Loss Amidst Acquisition Termination Costs, Updates Guidance, and Advances Centurion Mine

BTU

Earnings

Guidance Update

New Projects/Investments

Legal Proceedings

Peabody Energy reported a GAAP net loss of $70.1 million or $0.58 per diluted share for Q3 2025, primarily due to $54 million in acquisition termination costs, while generating just under $100 million in adjusted EBITDA. The company ended the quarter with a strong liquidity position, including $603 million in cash and over $950 million in total liquidity.
The Centurion mine's longwall production is scheduled to begin in Q4 2025, with expectations for premium hard coking coal shipments to expand sevenfold in 2026 to 3.5 million tons. This mine is anticipated to be Peabody's lowest cost metallurgical coal mine and is projected to increase average met coal portfolio realizations from 70% this year to approximately 80% in 2026.
Peabody provided a favorable full-year 2025 guidance update, raising anticipated seaborne thermal volumes to 15.1 to 15.4 million tons and Powder River Basin (PRB) volumes to 84 to 86 million tons. Concurrently, seaborne met cost targets were improved to $115 per ton and PRB costs lowered to $11.25 to $11.75 per ton.
The company is actively exploring its potential in rare earth elements and critical minerals within the PRB, with preliminary studies indicating similar or better concentrations than other reported findings. Further details on mineral types, concentrations, and future plans are expected by year-end reporting early next year.

Oct 30, 2025, 3:00 PM

Transcript

Peabody Energy Reports Q3 2025 Results, Updates Guidance, and Prepares for Centurion Mine Startup

BTU

Earnings

Guidance Update

New Projects/Investments

Peabody Energy reported a GAAP net loss of $70.1 million or $0.58 per diluted share for Q3 2025, which included $54 million in acquisition termination costs primarily related to the terminated Anglo American deal, while adjusted EBITDA was just under $100 million and operating cash flow was $122 million. The company expects $5 million per year in legal defense costs for the ongoing arbitration.
The Centurion mine's longwall production begins next quarter, with shipments of premium hard coking coal expected to expand sevenfold in 2026 to 3.5 million tons, making it the company's lowest cost metallurgical coal mine and boosting average met coal portfolio realizations to roughly 80% of benchmark in 2026.
Peabody updated its full-year 2025 guidance, anticipating higher seaborne thermal volumes (15.1 to 15.4 million tons) and PRB volumes (84 to 86 million tons) with improved cost targets. This comes amidst strong U.S. thermal demand, with total U.S. electricity demand up 2% year-over-year and coal generation growth five times greater than overall electricity generation growth year-to-date.

Oct 30, 2025, 3:00 PM

Transcript

Peabody Reports Q3 2025 Results and Declares Dividend

BTU

Earnings

Dividends

Guidance Update

Peabody reported a net loss attributable to common stockholders of $(70.1) million, or $(0.58) per diluted share, for the third quarter of 2025, compared to a net income of $101.3 million in the prior-year quarter.
Adjusted EBITDA was $99.5 million in Q3 2025, reflecting a 14% increase in revenues over the second quarter.
The company declared a quarterly dividend of $0.075 per share on common stock, payable on December 3, 2025, to stockholders of record on November 13, 2025.
Peabody generated $122 million of operating cash flow in Q3 2025, ending the quarter with $603.3 million in cash and total liquidity exceeding $950 million as of September 30, 2025.
The Centurion Mine's longwall production remains on schedule for an accelerated startup in February 2026, and the company is strengthening its full-year 2025 targets for seaborne met, seaborne thermal, and PRB segments.

Oct 30, 2025, 11:03 AM

8-K

Peabody Reports Q3 2025 Results

BTU

Earnings

Guidance Update

Dividends

Peabody reported a net loss attributable to common stockholders of $(70.1) million, or $(0.58) per diluted share, for the third quarter of 2025, compared to a net income of $101.3 million, or $0.74 per diluted share, in the prior-year quarter.
Adjusted EBITDA for Q3 2025 was $99.5 million, a decrease from $224.8 million in the prior-year quarter, but an increase from Q2 2025 due to higher Powder River Basin and seaborne thermal volumes and lower metallurgical costs.
The company declared a $0.075 per share dividend on common stock on October 30, 2025.
Peabody generated $122 million in operating cash flow during Q3 2025, ending the quarter with $603.3 million in cash and over $950 million in total liquidity as of September 30, 2025.
The company is strengthening its full-year 2025 targets for seaborne metallurgical, seaborne thermal, and Powder River Basin segments, with the Centurion Mine longwall operations scheduled to begin in February 2026.

Oct 30, 2025, 11:00 AM

Press Release

Peabody Energy provides strategic and financial outlook at UBS Global Materials Conference

BTU

Guidance Update

New Projects/Investments

Share Buyback

Peabody Energy anticipates its steelmaking coal segment's share of Adjusted EBITDA to increase from 25% in 2024 to 50% in 2026, supported by the Centurion Mine's longwall startup accelerated to February 2026.
The company is committed to returning cash to shareholders, having executed $633 million in dividends and share buybacks since April 2023.
For the full year 2025, Peabody projects Seaborne Thermal shipments of 14.6 - 15.2 million tons at costs of $45 - $48 per ton, and PRB U.S. Thermal volumes of 80.0 - 84.0 million tons at costs of $11.50 - $12.00 per ton. Total capital expenditures are estimated at $420 million.

Sep 3, 2025, 11:59 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for PEABODY ENERGY.

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