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Peabody Energy Corporation (NYSE: BTU) is recognized as the leading global pure-play coal company, providing essential products for the generation of affordable, reliable energy and the production of steel. Serving customers in more than 25 countries across six continents, Peabody holds a significant position in the coal industry with a diverse portfolio of assets and geographical presence.
Peabody’s operations are divided into several segments: Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S. Thermal, and Corporate and Other. Among these, the Powder River Basin segment generates the majority of the company's revenue. The company's core business involves the production of both metallurgical and thermal coal, as well as marketing and brokering coal and trading coal and freight-related contracts.
In recent achievements, Peabody reported a net income attributable to common stockholders of $119.9 million for the third quarter of 2023, with an Adjusted EBITDA of $270.0 million. The diversity of their portfolio has allowed the company to maintain consistent and predictable results. Significant progress has been made in strengthening their metallurgical platform, including redevelopment at North Goonyella and the acquisition of an adjacent coal deposit to enhance the mine life of this premier, tier-one premium hard coking coal mine.
Peabody is committed to sustainability, safety, and operational excellence, guided by its core values of safety, customer focus, leadership, people, excellence, integrity, and sustainability. The company has also shown a strong commitment to shareholder returns, having repurchased a significant portion of shares and paid dividends.
Key ongoing projects include the development of the North Goonyella project, expected to commence longwall production in 2026, and the acquisition of the Wards Well coal deposit, aiming to extend the mine life of their Centurion Mine. Additionally, the company is investing in new longwall equipment for their Shoal Creek and Metropolitan mines, with expected operational improvements in the upcoming years.
Recently, Peabody announced a new $320 million senior secured revolving credit facility intended to further enhance their financial resiliency. This comes as part of their strategy to reweight long-term production and revenue towards premium Australian metallurgical coal.
For further information, visit www.peabodyenergy.com.
Latest News: Peabody has recently reported their preliminary unaudited financial results for the first quarter of 2024, projecting revenue of $980 million and an Adjusted EBITDA of $160 million. Additionally, they completed the acquisition of the Wards Well coal deposit, significantly extending the mine life of their Centurion Mine Complex.
Peabody (NYSE: BTU) has announced that its Board of Directors has declared a quarterly dividend of $0.075 per share on its common stock. The dividend will be paid on March 11, 2025, to stockholders of record as of February 19, 2025. Peabody, a leading coal producer, focuses on providing essential products for affordable energy and steel production, with a commitment to sustainability guiding their strategy and operations.
Peabody (NYSE: BTU) reported Q4 2024 net income of $30.6 million ($0.25 per diluted share), down from $192.0 million ($1.33 per share) in Q4 2023. Full-year 2024 revenue was $4.24 billion, compared to $4.95 billion in 2023, with net income of $370.9 million ($2.70 per share).
Key developments include: shipping first coal from the Centurion Mine with longwall production expected in March 2026; agreement to purchase four premium hard coking coal operations in Australia's Bowen Basin; returned $221 million to shareholders through buybacks and dividends; and maintained $700 million cash position at year-end.
The company achieved record safety performance with lowest injury rates in history and secured $110 million in bond release for reclaimed lands. A new quarterly dividend of $0.075 per share was declared on February 6, 2025.
Peabody (NYSE: BTU), a leading coal producer, has scheduled the announcement of its financial results for Q4 and full-year 2024 on Thursday, February 6, 2025. The company will host a conference call with management at 10 a.m. CT on the same day.
Investors can participate in the call using toll-free numbers provided for the U.S. (1-833-816-1387) and Canada (1-855-669-9657), or the international toll number (1-412-317-0480). Detailed instructions for conference call participation and replay access will be available on PeabodyEnergy.com before the event.
Peabody (NYSE: BTU) has achieved a significant milestone with its first coal shipment from the Centurion Mine in Queensland's Bowen Basin. The inaugural shipment of premium hard coking coal was delivered to Dalrymple Bay Coal Terminal for export to Asia. The mine is ramping up toward higher-volume longwall production, targeted for March 2026.
The Centurion Mine features planned annual production of 4.7 million tons and approximately 140 million tons of reserves, with a mine life exceeding 25 years. The operation includes plans for a 5MW power station utilizing waste gas from coal seams to support emission abatement goals. This development aligns with Peabody's strategy to shift its portfolio toward metallurgical coal, further supported by its recent agreement to acquire four Tier 1 steelmaking coal mines from Anglo American, expected to complete by mid-2025.
Peabody (NYSE: BTU) has agreed to acquire four metallurgical coal mines from Anglo American for $2,320 million in cash, including $1,695 million at closing and $625 million in deferred payments, plus up to $1.0 billion in contingent payments. The acquisition includes Moranbah North, Grosvenor, Aquila, and Capcoal mines in Australia's Bowen Basin, expected to produce 11.3 million tons of primarily hard coking coal in 2026. The transaction will transform Peabody into a leading global seaborne metallurgical coal producer, increasing production from 7.4 million tons in 2024 to 21-22 million tons in 2026. The deal represents a 3.1x enterprise-value-to-2026 EBITDA multiple and is expected to close mid-2025.
RWE and Peabody (NYSE: BTU) announced a partnership to develop renewable energy projects on reclaimed mine lands. RWE is acquiring a majority stake in R3 Renewables , while Peabody retains 25% equity. The initiative includes 5.5 Gigawatt of solar and energy storage projects across Indiana and Illinois, with potential to power 850,000 homes. RWE will acquire seven projects and jointly develop three with Peabody. The partnership aims to create local jobs, increase tax revenues, and maintain agricultural lands while advancing renewable energy development in the MISO region.
Peabody (BTU) reported Q3 2024 net income of $101.3 million ($0.74 per diluted share), compared to $119.9 million ($0.82 per diluted share) in Q3 2023. The company achieved Adjusted EBITDA of $224.8 million and generated operating cash flow of $359.9 million. Key highlights include completing $100 million in share repurchases, exceptional progress in Centurion development with 2,700 meters developed vs. planned 1,200 meters, and Powder River Basin volumes of 22.1 million tons. The company declared a dividend of $0.075 per share and provided an update on the Centurion project, which has an estimated NPV of $1.6 billion with a 25% internal rate of return.
Peabody (NYSE: BTU) has announced a quarterly dividend declaration of $0.075 per share on its common stock. The dividend will be paid on December 4, 2024 to stockholders of record as of November 14, 2024. Peabody operates as a leading coal producer, focusing on providing essential products for energy and steel production while maintaining a commitment to sustainability.
Peabody (NYSE: BTU) has announced that it will release its financial results for the quarter ended September 30, 2024, on Thursday, October 31, 2024. The company will host a conference call with management at 10 a.m. CT on the same day to discuss the results. Investors and analysts can participate in the call using the provided toll-free and international phone numbers. Detailed instructions for call participation and accessing a replay will be available on the company's website prior to the event. Peabody, a leading coal producer, emphasizes its commitment to sustainability and its role in providing essential products for affordable energy and steel production.
Peabody (NYSE: BTU) has provided an update on the development of its Centurion metallurgical coal mine in Australia's Bowen Basin. The integrated mine plan reveals an estimated net present value of $1.6 billion and an average annual production of 4.7 million tons at first quartile cost over a 25+ year mine life. Key highlights include:
- Two continuous miner units commissioned, with first development coal produced in June
- Prep plant operational, with first coal washed and moved to stockpile in September
- Expected commissioning of third continuous miner and first coal shipment in Q4 2024
- Anticipated costs of $105 per ton over the mine's life
- $250 million of $489 million initial development capital completed
- 25% internal rate of return at $210 per metric ton benchmark price
Centurion is set to reposition Peabody as primarily a metallurgical coal producer, enhancing its portfolio with higher quality premium met coals.
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