Peabody Energy Stock Price, News & Analysis

Peabody announced an extension of the expiration date for its cash offer to purchase up to $38.607 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024. The offer price for holders is set at $949.40 per $1,000 accreted value of the notes. The expiration is now on February 17, 2022, aimed at aligning with a concurrent debt repurchase agreement. As of February 10, no notes or obligations have been tendered. The offer is made to fulfill debt repurchase requirements under the indenture.

On February 10, 2022, Peabody's wholly-owned subsidiaries, PIC AU Holdings LLC and PIC AU Holdings Corporation, announced an offer to purchase up to $51.179 million in aggregate principal amount of their 10.000% Senior Secured Notes due 2024. The purchase price will equal 100% of the principal amount plus accrued interest. The offer is set to expire on March 14, 2022. If the total tendered exceeds the Excess Cash Flow Amount, purchases will be on a pro rata basis. This purchase is in line with the requirements outlined in the Indenture.

Peabody (NYSE: BTU) reported strong fourth quarter 2021 results with revenues of $1,264.6 million, a 72% increase from the prior year. Net income for common stockholders was $513.0 million, translating to diluted earnings per share of $3.90. Adjusted EBITDA rose to $444.4 million, up 331%. Free Cash Flow reached $426.6 million, and the company retired $200 million in debt during the quarter. Despite challenges, including COVID-related staffing shortages and weather impacts, Peabody anticipates robust market dynamics and plans to increase production capacity to meet demand.

Peabody (NYSE: BTU) will announce its quarterly results for the period ending December 31, 2021, on February 10, 2022, at 10 a.m. CT. A conference call with management will follow the announcement, and the call can be accessed via specific dial-in numbers for participants from the U.S., Canada, Australia, and the UK. Additional information will be available on Peabody's investor relations website. Peabody is a leading coal producer, providing products crucial for electricity and steel production while emphasizing sustainability in its operations.

Peabody (NYSE: BTU) announced a cash offer to purchase up to $38.607 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024 at a purchase price of 94.940% of their accreted value. The offer expires on February 14, 2022, unless extended. Holders of the notes can receive $949.40 for each $1,000 of accreted value tendered. The offer complies with the Indenture's requirements and aims to repurchase outstanding debt efficiently. Peabody is also making a concurrent debt repurchase offer under its Credit Agreement.

Peabody (NYSE: BTU) announced the expiration of its cash offer to purchase up to $15.842 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024. The offer expired on November 22, 2021, with $97.00 of notes validly tendered. Holders will receive $735.90 in cash for each $1,000 of notes accepted. Following the repurchase, approximately $102.926 million of the 2024 Notes will remain outstanding. This repurchase fulfills Peabody's requirement to offer to purchase notes within 30 days of its fiscal quarter end.

Peabody (NYSE: BTU) reported third-quarter 2021 revenues of $679 million, reflecting strong coal market dynamics despite a net loss of $44.2 million attributed to unrealized losses from hedges. The company successfully reduced $250 million of debt this year, over 16% of its outstanding balance. Adjusted EBITDA surged to $289.1 million, driven by improved seaborne pricing and margins. The seaborne thermal segment increased shipments, while labor agreements are expected to boost production in the upcoming year. Peabody maintains a focus on cost control and sustainability as it navigates market conditions.

Peabody (NYSE: BTU) has announced an offer to purchase up to $15.842 million of its 8.500% Senior Secured Notes due 2024 at a price of 73.590% of their accreted value. The offer is set to expire on November 22, 2021. Holders of the 2024 Notes can receive $735.90 in cash per $1,000 of accreted value of Notes tendered. This purchase aligns with the company’s commitment to meet the terms of its Indenture and support its financial strategy.

Peabody (NYSE: BTU) will release its financial results for the quarter ending September 30, 2021, on Thursday, October 28, 2021. A conference call with management is scheduled for 10 a.m. CT on the same day. Interested parties can access the call via phone or through PeabodyEnergy.com, where additional investor information will also be available. As a leading coal producer, Peabody focuses on providing essential energy products for global electricity and steel production, while emphasizing sustainability in its operations.