Peabody Energy(NYSE) BTU

Peabody Energy Corporation digs up coal from the ground. This coal helps power plants create electricity for homes. It also provides fuel for companies that make steel.

Fuel for Power and Steel

• Seaborne Thermal: Coal shipped across oceans to power plants for electricity; generated $428.1 million in revenue for the six months ended June 30, 2026.
• Seaborne Metallurgical: High-quality coal used for industrial clients and steel manufacturers; contributed $641.3 million in revenue for the six-month period ended June 30, 2026.
• Powder River Basin: Large-scale mining in the western United States for domestic electricity; produced $513.3 million in revenue for the six months ended June 30, 2026.
• Other U.S. Thermal: Mining operations in the Midwest and West supplying local utilities; recorded $347.7 million in revenue for the six-month period ended June 30, 2026.
• Trading and Brokerage: Direct and brokered coal sales and transportation services; accounted for $46.1 million in revenue for the six months ended June 30, 2026.

Where Is Peabody Expanding?

• Commissioned the Centurion Mine in Australia to produce metallurgical coal for global steel manufacturers.
• Terminated definitive agreements to acquire coal assets from Anglo American in Aug. 2025 after a mine fire.
• Secured a grant from the U.S. Department of Energy in July 2026 to study the recovery of rare earth elements.
• Restructured debt by issuing $250.0 million in new convertible notes and repurchasing older notes in June 2026.
• Agreed to sell certain Australian assets to Pt Bukit Makmur Mandiri Utama following a potential acquisition closing.

Operating Across Two Continents

Peabody manages 17 active coal mines in the United States and Australia with approximately 2.5 billion tons of coal reserves. The company uses specialized longwall mining techniques and maintains its own trading desk to manage global coal price swings and transportation.

Reviewing the Latest Numbers

• Total revenue was $2.0 billion for the six months ended June 30, 2026, up 8% year over year.
• Adjusted EBITDA was $106.5 million for the six-month period ended June 30, 2026, down 55% year over year.
• Net loss attributable to common stockholders was $123.0 million for the half-year period ended June 30, 2026.
• Available liquidity stood at $959.1 million as of June 30, 2026.
• Cash and cash equivalents totaled $526.3 million at the end of the second quarter of 2026.

The Evolution of Peabody

Peabody has transitioned from a domestic mining firm to a global supplier of both power-generating and steel-making coal. The company continues to shift its focus toward seaborne markets while managing complex regulatory changes and significant legal disputes.