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) 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.
On March 25, 2021, Peabody (NYSE: BTU) will publish the financial report of Wilpinjong Coal Pty Ltd for the year ending December 31, 2020, on its website. A management conference call is scheduled for 10 a.m. CST on the same date. Investors can access the call via phone or through Peabody's website. Peabody emphasizes its role as a leading coal producer, supporting energy and infrastructure needs globally, with a commitment to sustainability. For further inquiries, Peabody's investor relations department can be contacted directly.
Peabody (NYSE: BTU) will release Wilpinjong Coal Pty Ltd's financial report for the year ended December 31, 2020, on its website on March 25, 2021. A conference call with management is scheduled for 10 a.m. CST on the same day, where questions can be directed to the investor relations department. Peabody, a leading coal producer, focuses on sustainability while providing essential products for electricity and steel production. For more details, visit PeabodyEnergy.com.
The Peabody Board of Directors announced a leadership transition as President and CEO Glenn Kellow will leave the company by August 31, 2021. The board is actively searching for his successor while Kellow will continue in his role until then, also serving as a board member and providing consulting support for up to a year post-transition. This planned succession underscores Peabody's commitment to a smooth transition after Kellow's six years of leadership during challenging times, ensuring continuity and stability within the company as it retains its focus on coal production and sustainability.
Peabody (NYSE: BTU) announced the final results of its cash offer to purchase up to $22.5 million of its 8.500% Senior Secured Notes due 2024. The offer expired on March 12, 2021, with $188.784 million in notes validly tendered. Due to the maximum tender amount being exceeded, notes were accepted on a pro rata basis at a proration factor of approximately 11.9%. Tendered notes accepted will pay holders $800 per $1,000 of accreted value plus accrued interest, with $172.642 million remaining outstanding.
Peabody (NYSE: BTU) has announced an offer to purchase up to $22.5 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024. The purchase price will be 80% of the accreted value, plus accrued interest. The offer expires at 5:00 p.m. ET on March 12, 2021, unless extended. If the total tendered exceeds the maximum amount, purchases will occur on a pro rata basis. This offer complies with the indenture requirements following Peabody's recent exchange offer that settled on January 29, 2021.
Peabody (NYSE: BTU) reported a challenging fourth quarter in 2020 with revenues of $737.2 million, resulting in a net loss of $129.2 million, or a diluted loss per share of $1.25. The company experienced significant impacts from COVID-19, including operational disruptions and reduced demand. However, cost management initiatives led to a reduction in selling, general, and administrative expenses by 31%. Despite these challenges, Peabody aims for improved market conditions in 2021, with plans to stabilize its capital structure and reduce operational costs further.
Peabody (NYSE: BTU) announced the completion of a significant debt exchange transaction on Jan. 29, 2021, tendering 86.86% of its senior secured notes due 2022. This action extends debt maturities to December 2024 and eliminates the net leverage ratio covenant. Key components include exchanging $398.7 million of notes and a new revolving credit facility. The agreement also reduces collateral risks significantly and includes a standstill agreement with surety providers, enhancing Peabody's financial flexibility.
Peabody (NYSE: BTU) announced the expiration of its Exchange Offer for 6.000% Senior Secured Notes due 2022, with approximately $398.69 million (86.86%) of the notes validly tendered. The offer included new 10.000% and 8.500% notes, with expected settlement on January 29, 2021. Each $1,000 of existing notes will convert into $1,010 in new notes and cash, including an early tender premium of $10.00. Peabody successfully obtained consents for amendments to the indenture, eliminating certain restrictive covenants and releasing collateral.