Peabody Energy Stock Price, News & Analysis

Peabody (NYSE: BTU) has introduced a $1 billion share repurchase program and a new shareholder return framework. This plan includes both a fixed quarterly cash dividend of $0.075 per share and a variable dividend component, aiming to return at least 65% of annual Available Free Cash Flow (AFCF) to shareholders. The AFCF is calculated from operating cash flow after investments and other considerations. The program is set to launch in the second quarter of 2023, following first-quarter earnings announcements. Additionally, Peabody amended its surety agreement to limit collateral exposure, removing restrictions on shareholder returns and extending the agreement through December 31, 2026. These initiatives are expected to bolster stockholder value while maintaining financial strength amidst favorable market conditions.

Peabody (NYSE: BTU) has updated stakeholders on the Shoal Creek Mine fire incident near Birmingham, Alabama, occurring on March 29, 2023. The Mine Safety and Health Administration (MSHA) is collaborating on a reentry plan, with air quality measurements indicating acceptable conditions. Shoal Creek, which employs approximately 419 people, is ramping up production and expects a new longwall kit in the second half of 2023. Peabody anticipates that this incident will not materially impact its 2023 financial results, as the mine produced around 800,000 tons of coal in 2022.

On March 29, 2023, Peabody (NYSE: BTU) confirmed a fire incident at its Shoal Creek Mine in Alabama, which affects materials stabilizing the mine's roof structure. All workers have been safely evacuated, and no visible flames were reported at evacuation time. The Mine Safety and Health Administration (MSHA) has been notified and is currently monitoring the situation. The Shoal Creek Mine, which employs around 419 workers, produced approximately 800,000 tons of coal in 2022. Peabody has not yet assessed the incident's impact on operations and will provide updates as information becomes available.

On March 2, 2023, BetterInvesting Magazine announced that Fortinet Inc. (NASDAQ: FTNT) is its "Stock to Study," while Peabody Energy Corp. (NYSE: BTU) is designated as the "Undervalued Stock" in its May 2023 issue. The Editorial Advisory Committee emphasizes the significance of investing in high-quality growth companies amid economic uncertainty, citing recent bankruptcies as a cautionary tale. Investors are encouraged to explore BetterInvesting's tools for analyzing FTNT's and BTU's potential, with an emphasis on educating themselves before making investment decisions.

Peabody (NYSE: BTU) reported record fourth quarter earnings, with net income of $632 million, or $3.92 per diluted share, up from $513 million in the same quarter last year. The company achieved a record Free Cash Flow of $580 million and retired all senior secured debt of $545 million. For the full year, revenue reached $4.98 billion, compared to $3.32 billion in 2021, with net income totaling $1.30 billion. Adjusted EBITDA for the year was $1.84 billion, more than double the prior year. Despite challenges, the company announced a shareholder return program due to strong financial performance and operational efficiency.

Peabody (NYSE: BTU) will report its financial results for the quarter ending December 31, 2022, on February 14, 2023. The company has scheduled a conference call at 10 a.m. CT on the same date, where management will discuss the results. Investors can find participation instructions and replay access on PeabodyEnergy.com. Peabody is a major coal producer, supplying essential materials for energy and steel production, with a focus on sustainability. For additional details, interested parties can contact Karla Kimrey at 314.342.7900.

Peabody (NYSE: BTU) announced the expiration of its offer to purchase up to $81.6 million of 10.000% Senior Secured Notes due 2024. The offer, which expired on November 18, 2022, received approximately $53.4 million in valid tenders. Holders of accepted notes will receive $1,059.10 per $1,000 in principal, plus accrued interest. After the buyback, approximately $28.1 million of the notes will remain outstanding. The company also conducted a concurrent offer for a Term Loan, providing further liquidity and compliance with indenture requirements.

Peabody (NYSE: BTU) has announced an increased Term Loan Offer, raising the aggregate principal amount of its senior secured term loan due 2024 to $114.61 million. The offer to purchase the loan is set at a weighted average purchase price of 105.91% of par. The company previously repurchased approximately $20.4 million of the loan on September 19, 2022. The deadline for tendering notes is November 18, 2022, with $64.12 million already tendered by November 8, 2022. This move is part of Peabody's ongoing strategy to manage its debt and financial obligations.

Peabody (NYSE: BTU) reported a strong financial performance for Q3 2022, posting a net income of $375.1 million, or $2.33 per diluted share, compared to a loss of $44.2 million in the same quarter last year. The results benefitted from a $90.4 million gain from coal hedging activities. Adjusted EBITDA rose 52% to $438.9 million, while operating cash flow surged to $494.7 million. The company achieved Free Cash Flow of $461 million, the highest in 18 quarters. Notably, Peabody commenced redevelopment at the North Goonyella mine, expected to enhance its metallurgical coal portfolio.