Peabody(BTU) Prnewswire· Prnewswire·2025-05-06 11:45Core Insights - Peabody reported a net income of 39.6 million in the same quarter of the previous year, with diluted earnings per share at 0.29 [1][19] - Adjusted EBITDA for Q1 2025 was 160.5 million year-over-year, indicating a focus on cost management amid low seaborne coal prices [1][19] - The company signed a multi-year contract to supply coal to Midwestern generating stations, reinforcing its market position [1][6] Financial Performance - Total tons sold in Q1 2025 reached 28.9 million, compared to 27.4 million in Q1 2024 [19] - Revenue for Q1 2025 was 983.6 million in the same quarter of 2024 [19] - Operating cash flow for the quarter was 84.2 million and a margin of 32% despite an 18% reduction in realized prices from Q4 2024 [4][6] - Seaborne Metallurgical segment reported 1.8 million tons sold, with Adjusted EBITDA of 36.3 million, benefiting from strong U.S. coal demand [8][10] Operational Updates - The Centurion Mine is progressing ahead of schedule, with a target of 500,000 tons of sales in 2025 and expected longwall production starting in Q1 2026 [10][11] - Peabody's balance sheet remains strong, with over $1 billion in liquidity and a cash-positive net-debt position [10][11] Market Outlook - The company anticipates a light demand in Q2 2025 due to seasonal effects but is sold out for planned production in the Powder River Basin [13] - Metallurgical coal prices have rebounded from lows in March, indicating potential for improved revenue in upcoming quarters [13] Strategic Developments - Peabody notified Anglo American of a Material Adverse Change affecting its planned acquisition of steelmaking coal assets, related to issues at the Moranbah North Mine [11] - The company continues to focus on cost management and operational efficiency across all segments to navigate challenging market conditions [2][6]