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) has announced the pricing of a $275 million offering of 3.25% convertible senior notes due in 2028, up from a previously stated $250 million. The offering is set to close on March 1, 2022. The notes will have a conversion rate of 50.3816 shares per $1,000 principal amount, with a conversion price of $19.85 per share, representing a premium over the last price of $14.98. Proceeds, estimated at $265.8 million, will be used to redeem existing secured notes and cover associated fees. The notes are subject to various terms and conditions regarding redemption and conversion.
Peabody (NYSE: BTU) has announced a proposed offering of $250 million in convertible senior notes due 2028. The offering is aimed at qualified institutional buyers under Rule 144A of the Securities Act. There is an option for purchasers to acquire an additional $37.5 million in notes. The notes, which will mature on March 1, 2028, are senior, unsecured obligations and may be converted under specified conditions. Proceeds will be used primarily to redeem $62.618 million of existing senior secured notes due 2024, with remaining funds allocated to other debt redemptions and related expenses.
Peabody (NYSE: BTU) announced an extension to the expiration date of its cash purchase offer for up to $38.607 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024. The new expiration is set for March 4, 2022. As of February 16, 2022, a total of $65,222 in principal amount of the 2024 Notes had been tendered. Holders will receive $949.40 in cash per $1,000 accreted value of notes accepted. The company is also conducting a concurrent debt repurchase offer under the Credit Agreement.
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.