Peabody Energy - BTU STOCK NEWS

Peabody (NYSE: BTU) has secured a significant long-term contract with Associated Electric Cooperative Inc. to supply 7-8 million tons of coal annually for at least seven years. The coal will be sourced from Peabody's North Antelope Rochelle Mine (NARM) in Wyoming's Powder River Basin to power Associated's New Madrid Power Plant and Thomas Hill Energy Center in Missouri.

NARM, North America's largest coal mine, delivered 60 million tons of coal in 2024 and has been supplying Associated's generating stations for over 30 years. CEO Jim Grech highlighted increasing American electricity demand, particularly driven by data centers and artificial intelligence, emphasizing coal's role in providing reliable, affordable baseload electricity.

Peabody (NYSE: BTU) has announced it is reviewing all options regarding its acquisition of steelmaking coal assets from Anglo American Plc following an ignition event at Anglo's Moranbah North Mine last week. The company is currently in discussions with Anglo American to assess the event's impacts while maintaining all rights and protections under existing purchase agreements.

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.