Peabody Energy Stock Price, News & Analysis

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.

Peabody (NYSE: BTU) has reported preliminary financial results for Q3 2021, estimating revenue between $670 million and $690 million, while anticipating a net loss from continuing operations of $55 million to $75 million. The company experienced $238 million in unrealized mark-to-market losses from hedging contracts, impacting overall performance. Adjusted EBITDA is projected to be $280 million to $290 million, benefiting from strong coal pricing and demand. Peabody reduced senior secured debt by $250 million year-to-date.

On September 27, 2021, Peabody (NYSE: BTU) announced the ratification of a new collective bargaining agreement by the union representing its hourly workers at the Shoal Creek mine. This agreement is viewed as beneficial for all stakeholders, promoting safe and efficient operations.

President Marc Hathhorn expressed gratitude towards the UMWA leadership and employees for their cooperation. Peabody is a leading coal producer, contributing to energy and infrastructure needs globally, with a commitment to sustainability.

Peabody (NYSE: BTU) announced the expiration of its cash purchase offer for up to $13.281 million of its 8.500% Senior Secured Notes due 2024. The offer ended on September 3, 2021, with $66,943 in aggregate accreted value tendered. Holders of the Notes will receive $738.40 in cash per $1,000 accreted value. After the purchase, $156.276 million of the 2024 Notes will remain outstanding. This repurchase aligns with Peabody's obligation under its Indenture following the second fiscal quarter.

Peabody (NYSE: BTU) has extended the expiration date of its cash offer to purchase up to $13.281 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024. The new expiration is set for 5:00 p.m. New York City time on September 3, 2021. Currently, $66,692 of the 2024 Notes have been tendered. Holders will receive $738.40 in cash per $1,000 of accreted value tendered. The offer is in accordance with the Indenture and aims to satisfy certain requirements. No recommendations are made regarding the tendering of these notes.

Peabody (NYSE: BTU) reported Q2 2021 revenues of $723.4 million, a rise from $626.7 million YoY, driven by increased volumes and higher thermal pricing. Despite this, the company recorded a net loss of $28.6 million and a diluted loss per share of $0.26. Adjusted EBITDA reached $122.1 million, up from $23.4 million a year earlier. Peabody successfully reduced SG&A expenses by 15% and continued debt reduction initiatives. Outlook for 2021 remains cautiously optimistic with anticipated stronger coal market demand.

Peabody (NYSE: BTU) will announce its financial results for the quarter ending June 30, 2021, on Thursday, July 29, 2021, at 10 a.m. CT. The announcement will be followed by a conference call with management. Participants in the U.S. and Canada can dial (888) 312-3049, while international investors can contact Peabody Investor Relations for access. The company continues to prioritize sustainability while being a leading coal producer, supplying essential products for electricity and steel production.

Peabody (NYSE: BTU) announced a cash offer to purchase up to $13.281 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024. The offer price is set at 73.840% of the accreted value per note, equating to $738.40 for every $1,000 of notes accepted. The offer expires on August 6, 2021, unless extended. This action fulfills obligations under the Indenture concerning a proportionate repurchase based on tendered amounts, aimed at managing its debt effectively.