Workflow
Peabody(BTU)
icon
Search documents
Peabody(BTU) - 2024 Q4 - Annual Report
2025-02-20 21:35
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-K (Mark One) For the Fiscal Year Ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-16463 ____________________________________________ PEABODY ENERGY CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-4004153 ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE ...
Peabody(BTU) - 2024 Q4 - Earnings Call Transcript
2025-02-06 20:54
Financial Data and Key Metrics Changes - In Q4 2024, Peabody Energy Corporation recorded net income attributable to common stockholders of $31 million or $0.25 per diluted share, with adjusted EBITDA of $177 million [30] - For the full year 2024, net income attributable to common stockholders was $371 million and adjusted EBITDA was $872 million [30] - The company generated $613 million of operating cash flow from continuing operations in 2024 [31] - As of December 31, 2024, Peabody had $700 million in cash and available liquidity of $1.1 billion [32] Business Line Data and Key Metrics Changes - The Seaborne Thermal segment recorded $112 million of adjusted EBITDA in Q4 2024, with margins of 36% and shipments ahead of expectations [35] - The Seaborne Met segment reported $23 million of adjusted EBITDA in Q4 2024, with shipments increasing by 500,000 tons compared to Q3 [37] - US thermal mines generated $93 million of adjusted EBITDA in Q4 2024, with PRB mines shipping 23 million tons, exceeding expectations [40] Market Data and Key Metrics Changes - US coal prices increased by 45% over the past year, although US coal demand has not yet fully caught up with growing domestic power demand [9] - China increased total coal imports to 543 million metric tons in 2024, a 14.4% increase from 2023, with Australian coal imports rising by over 50% [26] - China's apparent steel consumption declined by approximately 5% in 2024, impacting global met coal demand [22] Company Strategy and Development Direction - Peabody is focusing on transforming into a company that serves growing met coal demands at Asian steel mills, with plans to ramp up production at the Centurion mine [10][50] - The planned acquisition of premium hard coking coal mines from Anglo American is progressing well, expected to significantly enhance Peabody's financial profile [12][13] - The company aims to leverage low-cost US coal production to capitalize on favorable policy and commercial themes [52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the US coal market, citing a strong confluence of policy and commercial tailwinds not seen in over two decades [16] - The company anticipates continued growth in global coal use, with the International Energy Agency projecting that global coal use will grow for several years [52] - Management remains committed to financial discipline and growing free cash flow per share, with 2025 expected to be a busy year shaped by the Anglo acquisition and advancing Centurion [49] Other Important Information - Peabody returned $221 million to shareholders in 2024 while continuing to reinvest in the business [7] - The company achieved a record for the lowest accident rates in its 140-plus year history and reclaimed 70% more land than it disturbed [7] Q&A Session Summary Question: Can you provide an update on the preemption rights process? - Management indicated that the preemption process is progressing well, with a deadline expected in mid-March [59] Question: What is the status of the Anglo acquisition regulatory approvals? - Management stated that several regulatory approvals have been received, with one remaining in Australia, and everything is proceeding smoothly [71] Question: How is the company addressing the impact of China's new tariff on US coal imports? - Management noted that while the tariff affects price competitiveness, the market will readjust, potentially leading to shifts in trade flows [86][88] Question: Can you elaborate on the cost impacts from Capabella? - Management explained that costs are expected to be higher due to operational adjustments and a weaker Australian dollar, but overall guidance remains consistent [96] Question: What are the realizations for Shoal Creek? - Management indicated that realizations are currently between $120 and $130 FOB for Shoal Creek, impacted by freight differentials [124][129]
Peabody Energy: Good Value And Substantial Growth In Metallurgical Coal Sales
Seeking Alpha· 2025-02-06 17:47
Peabody Energy Corporation (NYSE: BTU ) is a U.S. listed and domiciled coal mining company, but the majority of its earnings comes from the two Seaborne Segments, where almost all production is in Australia. With the ongoing ramp up ofIf you like this article and are interested in more frequent analysis of my holding companies, real-time notifications on portfolio changes, together with macro and industry analysis. I would encourage you to have a look at my marketplace service, Off The Beaten Path.I primari ...
Peabody(BTU) - 2024 Q4 - Earnings Call Presentation
2025-02-06 13:58
Peabody Reports Results for the Quarter and Year Ended December 31, 2024 Centurion Ships First Coal and Advances Towards Longwall Start in Q1 2026 Premium Hard Coking Coal Acquisition Poised to Reshape Peabody ST. LOUIS, Feb. 6, 2025 /PRNewswire/ -- Peabody (NYSE: BTU) today reported fourth quarter net income attributable to common stockholders of $30.6 million, or $0.25 per diluted share, compared to $192.0 million, or $1.33 per diluted share, in the prior year quarter. Peabody had Adjusted EBITDA1 of $176 ...
Peabody(BTU) - 2024 Q4 - Annual Results
2025-02-06 12:59
Exhibit 99.1 Media Release Peabody Reports Results for the Quarter and Year Ended December 31, 2024 Centurion Ships First Coal and Advances Towards Longwall Start in Q1 2026 Premium Hard Coking Coal Acquisition Poised to Reshape Peabody ST. LOUIS, Feb. 6, 2025 – Peabody (NYSE: BTU) today reported fourth quarter net income attributable to common stockholders of $30.6 million, or $0.25 per diluted share, compared to $192.0 million, or $1.33 per diluted share, in the prior year quarter. Peabody had Adjusted EB ...
Peabody Reports Results for the Quarter and Year Ended December 31, 2024
Prnewswire· 2025-02-06 12:45
Centurion Ships First Coal and Advances Towards Longwall Start in Q1 2026 Premium Hard Coking Coal Acquisition Poised to Reshape Peabody ST. LOUIS, Feb. 6, 2025 /PRNewswire/ -- Peabody (NYSE: BTU) today reported fourth quarter net income attributable to common stockholders of $30.6 million, or $0.25 per diluted share, compared to $192.0 million, or $1.33 per diluted share, in the prior year quarter. Peabody had Adjusted EBITDA1 of $176.7 million in the fourth quarter of 2024 including a $41.4 million non-ca ...
4 Coal Stocks to Watch Despite Ongoing Industry Weakness
ZACKS· 2025-01-30 16:16
The Zacks Coal industry stocks are suffering due to a decline in the use of coal in thermal power plants in the United States. In 2025, the demand for coal will be adversely impacted by the planned retirement of coal units and the utilization of more renewable sources for electricity generation. The ongoing energy transition, with utility operators steadily phasing out coal units, may hit the coal industry. The utilities are heavily relying on their inventories to meet the demand for coal. Hence, coal produ ...
Peabody to Announce Results for the Quarter and Year Ended December 31, 2024
Prnewswire· 2025-01-28 12:45
ST. LOUIS, Jan. 28, 2025 /PRNewswire/ -- On Thursday, February 6, 2025, Peabody (NYSE: BTU) will announce results for the quarter and year ended December 31, 2024. A conference call with management is scheduled for 10 a.m. CT on Thursday, February 6, 2025. Instructions for the conference call participation and accessing a replay, as well as other investor data, will be available at PeabodyEnergy.com prior to the call.  Participants may also access the call using the following phone numbers: U.S. Toll Free   ...
Peabody Energy: It Won't Take Much To Have A Strong Return In 2025
Seeking Alpha· 2024-12-19 15:20
Peabody Energy Corporation (NYSE: BTU ) is a diversified coal producer, currently with a 60/40 split between thermal and metallurgical/coking coal on an EBITDA basis. The company’s operations are based in Australia and the United States, giving it access to both Eastern and WesternI am interested in small capitalized companies with a high optionality to the upside compared to the relative downside risk. I am grounded in a value based approach but will also explore special and short situations. I am a traine ...
'Oversold' Coal Mining Stock Due For a Rebound
Schaeffers Investment Research· 2024-11-27 20:21
Peabody Energy Corp (NYSE:BTU) stock has been chopping lower since its Nov. 6 52-week high of $29.94, down 10% in just the last week. The shares could be headed for a short-term bounce, however, as the pullback has them running into a short-term "buy" signal. BTU just moved below the bottom band of its 20-day Bollinger Bands. Per Schaeffer's Senior Quantitative Analyst Rocky White, the shares moved higher after the past nine tests of this trendline, averaging a one-month gain of 6.4%. From its current perc ...