Peabody(US:BTU)2025-10-30 11:03Financial Performance - Peabody reported a net income of $(70.1) million for Q3 2025, down from $101.3 million in the prior-year quarter, resulting in a loss of $(0.58) per diluted share[2]. - Adjusted EBITDA for Q3 2025 was $99.5 million, a 14% increase in revenues compared to Q2 2025, but down from $224.8 million in Q3 2024[5]. - Revenue for Q3 2025 was $1,012.1 million, up from $890.1 million in Q2 2025 but down from $1,088.0 million in Q3 2024[22]. - Operating costs and expenses in Q3 2025 totaled $896.9 million, compared to $789.4 million in Q2 2025 and $845.8 million in Q3 2024[22]. - The company reported an operating loss of $81.4 million in Q3 2025, a decline from an operating profit of $120.1 million in Q3 2024[22]. - Net loss attributable to common stockholders in Q3 2025 was $70.1 million, compared to a loss of $27.6 million in Q2 2025 and a profit of $101.3 million in Q3 2024[22]. - Total revenue for Q3 2025 was $1,012.1 million, a 13.7% increase from $890.1 million in Q2 2025[32]. - The adjusted EBITDA for the nine months ended September 30, 2025, was $336.8 million, compared to $695.0 million in the same period of 2024[32]. Segment Performance - Seaborne Thermal segment achieved an Adjusted EBITDA of $41.0 million, with tons sold increasing by 500,000 tons quarter-over-quarter, resulting in an Adjusted EBITDA margin of 17%[6]. - Seaborne Metallurgical segment reported an Adjusted EBITDA of $27.8 million, with tons sold at 2.1 million, and revenue per ton increased by 6% quarter-over-quarter[7]. - Powder River Basin Adjusted EBITDA totaled $51.7 million, a 20% increase over the prior quarter, driven by higher volumes and costs per ton at the low end of targeted ranges[8]. - Adjusted EBITDA for Total U.S. Thermal was $58.6 million in Q3 2025, compared to $56.5 million in Q2 2025, reflecting a 3.7% increase[32]. - Adjusted EBITDA for Seaborne Metallurgical was $27.8 million in Q3 2025, recovering from a loss of $9.2 million in Q2 2025[32]. - Corporate and Other segment reported a profit of $17.1 million in Q3 2025, compared to a profit of $12.0 million in Q2 2025[32]. Cash Flow and Liquidity - Peabody generated $122 million in operating cash flow in Q3 2025, with total liquidity exceeding $950 million as of September 30, 2025[10]. - Net cash provided by continuing operations for Q3 2025 was $122.5 million, a significant increase from $23.8 million in Q2 2025[27]. - Total cash used in investing activities for Q3 2025 was $(72.1) million, compared to $(91.1) million in Q2 2025[27]. - Cash, cash equivalents, and restricted cash at the end of Q3 2025 totaled $1,321.1 million, slightly down from $1,300.1 million at the end of Q2 2025[27]. - Net cash used in financing activities for Q3 2025 was $(28.9) million, compared to $(15.8) million in Q2 2025[27]. Assets and Liabilities - Total assets as of September 30, 2025, were $5,744.3 million, down from $5,953.7 million as of December 31, 2024[26]. - Cash and cash equivalents decreased to $603.3 million as of September 30, 2025, from $700.4 million at the end of 2024[26]. - The company’s total liabilities were $2,160.6 million as of September 30, 2025, compared to $2,244.9 million at the end of 2024[26]. Future Outlook and Strategic Initiatives - The company declared a dividend of $0.075 per share on common stock on October 30, 2025[5]. - Full-year 2025 guidance for Seaborne Thermal is set at 15.1 - 15.4 million tons, with pricing per short ton expected at $56.30[19]. - The Centurion Mine is on track for an accelerated startup of longwall production in February 2026, with 210,000 tons shipped in Q3 2025[5]. - Peabody expects to strengthen its full-year 2025 targets for seaborne met, seaborne thermal, and PRB segments, benefiting from favorable U.S. coal policies[12]. - The company anticipates continued market challenges but remains focused on strategic investments and operational efficiency[37]. - The company plans to explore potential acquisitions and strategic investments to enhance growth opportunities[37].