Welcome to our dedicated page for Peabody Energy news (Ticker: BTU), a resource for investors and traders seeking the latest updates and insights on Peabody Energy stock.
Peabody Energy Corporation (NYSE: BTU) is a coal producer active in bituminous coal and lignite surface mining, supplying metallurgical coal for steelmaking and thermal coal for power generation. The BTU news feed on Stock Titan aggregates company announcements, earnings releases and regulatory disclosures that explain how Peabody’s operations, strategy and governance are evolving over time.
Investors following BTU news will see regular updates on segment performance across Seaborne Thermal, Seaborne Metallurgical, Powder River Basin and Other U.S. Thermal operations. Quarterly results highlight trends in tons sold, revenue per ton, costs per ton and Adjusted EBITDA, along with commentary on factors such as seaborne benchmark pricing, U.S. thermal coal demand, mine development progress and logistics conditions.
Peabody’s news flow also covers strategic and corporate events. Recent releases have discussed development of the Centurion premium hard coking coal mine in Australia’s Bowen Basin, a Powder River Basin rare earth initiative, termination of a planned acquisition of steelmaking coal assets from Anglo American, and related arbitration proceedings. The company has issued statements on U.S. energy policy, including federal actions that affect coal-fueled generation and coal economics.
Governance and capital allocation items are another key component of BTU news. Peabody reports Board appointments, amendments to its by-laws, executive leadership changes and CEO transition planning, as well as recurring dividend declarations and commentary on shareholder return programs. For investors, analysts and industry observers, this news page provides a centralized view of Peabody’s financial performance, project pipeline, policy environment and boardroom decisions, making it a useful resource for tracking developments that may influence the BTU stock and the company’s coal-focused business segments.
Peabody (NYSE: BTU) has reported preliminary financial results for Q3 2021, estimating revenue between $670 million and $690 million, while anticipating a net loss from continuing operations of $55 million to $75 million. The company experienced $238 million in unrealized mark-to-market losses from hedging contracts, impacting overall performance. Adjusted EBITDA is projected to be $280 million to $290 million, benefiting from strong coal pricing and demand. Peabody reduced senior secured debt by $250 million year-to-date.
On September 27, 2021, Peabody (NYSE: BTU) announced the ratification of a new collective bargaining agreement by the union representing its hourly workers at the Shoal Creek mine. This agreement is viewed as beneficial for all stakeholders, promoting safe and efficient operations.
President Marc Hathhorn expressed gratitude towards the UMWA leadership and employees for their cooperation. Peabody is a leading coal producer, contributing to energy and infrastructure needs globally, with a commitment to sustainability.
Peabody (NYSE: BTU) announced the expiration of its cash purchase offer for up to $13.281 million of its 8.500% Senior Secured Notes due 2024. The offer ended on September 3, 2021, with $66,943 in aggregate accreted value tendered. Holders of the Notes will receive $738.40 in cash per $1,000 accreted value. After the purchase, $156.276 million of the 2024 Notes will remain outstanding. This repurchase aligns with Peabody's obligation under its Indenture following the second fiscal quarter.
Peabody (NYSE: BTU) has extended the expiration date of its cash offer to purchase up to $13.281 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024. The new expiration is set for 5:00 p.m. New York City time on September 3, 2021. Currently, $66,692 of the 2024 Notes have been tendered. Holders will receive $738.40 in cash per $1,000 of accreted value tendered. The offer is in accordance with the Indenture and aims to satisfy certain requirements. No recommendations are made regarding the tendering of these notes.
Peabody (NYSE: BTU) reported Q2 2021 revenues of $723.4 million, a rise from $626.7 million YoY, driven by increased volumes and higher thermal pricing. Despite this, the company recorded a net loss of $28.6 million and a diluted loss per share of $0.26. Adjusted EBITDA reached $122.1 million, up from $23.4 million a year earlier. Peabody successfully reduced SG&A expenses by 15% and continued debt reduction initiatives. Outlook for 2021 remains cautiously optimistic with anticipated stronger coal market demand.
Peabody (NYSE: BTU) will announce its financial results for the quarter ending June 30, 2021, on Thursday, July 29, 2021, at 10 a.m. CT. The announcement will be followed by a conference call with management. Participants in the U.S. and Canada can dial (888) 312-3049, while international investors can contact Peabody Investor Relations for access. The company continues to prioritize sustainability while being a leading coal producer, supplying essential products for electricity and steel production.
Peabody (NYSE: BTU) announced a cash offer to purchase up to $13.281 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024. The offer price is set at 73.840% of the accreted value per note, equating to $738.40 for every $1,000 of notes accepted. The offer expires on August 6, 2021, unless extended. This action fulfills obligations under the Indenture concerning a proportionate repurchase based on tendered amounts, aimed at managing its debt effectively.
Peabody announced the appointment of James Grech as President and CEO, effective June 1, 2021. Grech, with over 30 years in the coal and natural resources sectors, aims to enhance Peabody's strategic direction. He previously led Wolverine Fuels and held executive roles at Nexus Gas Transmission and Consol Energy. Chairman Bob Malone expressed confidence in Grech's leadership, especially during challenging times. Current CEO Glenn Kellow will transition out on the same date. Peabody continues its commitment to sustainability in coal production.
Peabody (NYSE: BTU) reported Q1 2021 revenues of $651.3 million, down from $846.2 million year-over-year, with a net loss attributable to common stockholders of $80.1 million and diluted loss per share of $0.79. Adjusted EBITDA improved to $61.1 million from $36.8 million in the prior year. Operational improvements were noted, despite challenges like lower volume and pricing. Peabody has successfully completed refinancing activities, reducing long-term debt. The company anticipates gradual improvements in seaborne coal volumes and costs throughout 2021.
Peabody (NYSE: BTU) will announce its financial results for Q1 2021 on April 29, 2021, with a management conference call scheduled for 10 a.m. CT. Investors can access the call via various phone numbers, including (888) 312-3049 for U.S. and Canada. Peabody is a prominent coal producer focused on delivering energy solutions for developed and emerging markets while emphasizing sustainability as part of its strategy. Additional information will be available on PeabodyEnergy.com.
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