Peabody Energy Stock Up 120% This Past Year, and One Fund Just Sold Off $24 Million in Shares

Core Insights - Progeny 3, Inc. sold 819,433 shares of Peabody Energy for an estimated $24.08 million, leaving a remaining position of 89,160 shares valued at $2.65 million as of the end of the quarter [2][4] Company Overview - Peabody Energy reported a total revenue of $3.86 billion and a net income of -$52.90 million for the trailing twelve months (TTM) [4] - The company has a dividend yield of 0.9% and its stock price was $32.40 as of February 17, 2026 [4] - Peabody Energy is a leading coal producer with operations in the U.S. and Australia, supplying thermal and metallurgical coal globally [6][9] Financial Performance - Despite a decline in seaborne coal prices, Peabody generated $454.9 million in Adjusted EBITDA and $336 million in operating cash flow from continuing operations [11] - The company ended the year with $575 million in cash, indicating strong balance sheet strength [11] Market Position - Peabody Energy's shares increased by 120% over the past year, significantly outperforming the S&P 500's 15% gain during the same period [8] - The company's stake in Peabody now represents 0.14% of Progeny 3's $1.86 billion in reportable U.S. equity assets [8] Strategic Developments - The Centurion project is expected to produce 3.5 million tons of premium hard coking coal in 2026, ramping up to 4.7 million tons by 2028, with a net present value estimated at $2.1 billion [12] - The focus on metallurgical coal is central to Peabody's strategy, highlighting the importance of operational execution and cash flow generation [12][13]