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) announced preliminary financial results for Q2 2022, with revenues projected between $1,310 and $1,340 million despite $25 million in unrealized mark-to-market losses. Net income is expected between $400 and $420 million, and Adjusted EBITDA is projected at $570 to $590 million. The significant growth in Adjusted EBITDA is attributed to high realized prices in seaborne coal segments. Peabody also reduced outstanding debt by nearly $90 million in 2022, with further reductions pending.
Peabody (NYSE: BTU) has announced an increase in its offer to purchase up to $90 million of its 10.000% Senior Secured Notes due 2024, up from $50 million. The offer price is set at 103.91% of the principal amount, plus accrued interest. The expiration date has been extended to July 21, 2022. As of June 27, 2022, approximately $85.76 million of notes had been tendered. The decision was likely made to manage debt efficiently while satisfying the requirements of the Indenture.
Peabody's subsidiaries, PIC AU Holdings LLC and PIC AU Holdings Corporation, announced the repurchase of $50 million of their 10.000% senior secured term loan due 2024 at an average price of 103.91%. Additionally, they plan to offer to purchase up to $50 million of their 10.000% Senior Secured Notes due 2024 at the same purchase price, plus accrued interest. The offer expires on June 27, 2022. This strategic move is intended to reduce debt obligations and maintain financial flexibility.
Peabody (NYSE: BTU) reported a net loss of $119.5 million, or $0.88 per share, in Q1 2022, up from a $80.1 million loss in Q1 2021. The results included a $301 million hit from coal hedging losses and $23.5 million from early debt extinguishment. Despite challenges, revenue from coal sales surged 58% to $1.039 billion. Adjusted EBITDA reached $327.5 million, a significant rise from $61.1 million a year prior. Peabody aims to enhance production and improve its balance sheet, launching initiatives like R3 Renewables with a target of developing over 3.3 GW of solar capacity by 2027.
On April 28, 2022, Peabody (NYSE: BTU) will report its financial results for the quarter ending March 31, 2022. A conference call is scheduled for 10 a.m. CT on the same day, allowing participants to discuss the results with management. The call can be accessed via various phone numbers for U.S., Canada, Australia, and the UK, or through Peabody's Investor Relations for international participants. Peabody is recognized as a leading coal producer, emphasizing its commitment to sustainability in energy production.
Peabody (NYSE: BTU) announced the expiration of 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, which expired on March 15, 2022, resulted in valid tenders of $117,855 for the 2024 Notes and $30 million for Priority Lien Obligations. Since the total was within the Available Repurchase Amount, Peabody will proceed with purchases, maintaining approximately $62.69 million in accreted value of the 2024 Notes outstanding after the transaction.
Peabody subsidiaries, PIC AU Holdings LLC and PIC AU Holdings Corporation, announced the expiration of their offer to purchase up to $51.179 million of 10.000% Senior Secured Notes due 2024. As of the expiration time on March 14, 2022, only $263,000 of the notes had been tendered. Holders of validly tendered notes will receive $1,000 plus accrued interest per $1,000 principal amount. This repurchase complies with the indenture requirements, and post-purchase, approximately $193.62 million of notes will remain outstanding.
Peabody (NYSE: BTU) announced a $150 million unsecured credit facility with Goldman Sachs to address near-term liquidity linked to economic coal hedge positions. As of March 4, 2022, Peabody held coal derivative contracts for 2.3 million metric tons, primarily from its Wambo mine, securing an average price of $84 per metric ton. The company faced increased margin requirements of $534 million due to rising seaborne thermal coal prices, which surged to $419.50 per ton amid global supply issues exacerbated by geopolitical events. The facility matures on April 1, 2025, with a 10% interest rate.
Peabody (NYSE: BTU) has extended the expiration date for its offer to purchase up to $38.607 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024. The new expiration time is set for March 15, 2022, allowing validly tendered notes to be withdrawn before that date. To date, $95,323 aggregate principal amount of 2024 Notes and $30 million in Priority Lien Obligations have been tendered. The Offer remains unchanged except for the extension and is intended to comply with the Indenture's requirements.
Peabody has launched R3 Renewables LLC in partnership with Riverstone Credit Partners and Summit Partners Credit Advisors. This joint venture aims to develop over 3.3 GW of solar PV and 1.6 GW of battery storage capacity over the next five years, primarily on land near former coal mining operations in Indiana and Illinois. The collaboration combines expertise in renewable energy project development and capital markets. Industry veteran John Jones has been appointed CEO of R3 Renewables, which is positioned to create substantial renewable energy projects to support environmental goals and economic benefits for local communities.