Peabody Energy Stock Price, News & Analysis

Peabody (NYSE: BTU) reported a strong financial performance for Q1 2023, with net income of $268.5 million or $1.68 per diluted share, a significant recovery from a net loss of $119.5 million in Q1 2022. Adjusted EBITDA stood at $390.6 million, up from $327.5 million year-over-year. The company generated $386 million in operating cash flow and announced a robust shareholder return program including a $1 billion share repurchase authorization. Key achievements include exceeding export volumes by 17% and completing reclamation obligations funding. Peabody ended the quarter with $892.2 million in cash and equivalents. The outlook for Q2 2023 includes anticipated volumes of 4.0 million tons in seaborne thermal operations, with costs estimated between $50-$55 per ton.

On April 27, 2023, Peabody (NYSE: BTU) declared a quarterly dividend of $.075 per share on its common stock. This dividend will be payable on May 31, 2023, to stockholders who are on record as of May 11, 2023. Peabody is a prominent coal producer vital for affordable energy and steel production, emphasizing sustainability in its operations. The decision to declare the dividend reflects the company's strategy and financial health, although future dividends will depend on various factors like financial results and cash flow.

On April 27, 2023, Peabody (NYSE: BTU) will release its financial results for the quarter ending March 31, 2023. A conference call is set for 10 a.m. CT on the same day, allowing investors to discuss the results with management. Detailed instructions for participation and access to a replay will be available on PeabodyEnergy.com prior to the call.

Participants can join the call via the following numbers: U.S. Toll Free 1 833 816 1387, Canada Toll Free 1 866 284 3684, and International Toll 1 412 317 0480.

Peabody is a major coal producer, contributing to affordable energy and steel production, while maintaining a commitment to sustainability.