Peabody Reports Results for the Quarter Ended March 31, 2026
Rhea-AI Summary
Peabody (NYSE: BTU) reported net loss attributable to common stockholders of $32.4 million (loss of $0.27 per diluted share) for Q1 2026 and Adjusted EBITDA of $82.5 million. Seaborne thermal volumes and prices exceeded expectations; Centurion commissioning was extended, reducing expected 2026 volume to 2.5 million tons. The company declared a quarterly dividend of $0.075 per share payable June 8, 2026.
Positive
- Adjusted EBITDA of $82.5 million in Q1 2026
- Seaborne thermal volumes and realized prices exceeded expectations
- Declared dividend of $0.075 per share payable June 8, 2026
- Powder River Basin volumes above guidance at 21.2 million tons
Negative
- Net loss attributable to common stockholders of $32.4 million
- Centurion commissioning delay cuts 2026 volume to 2.5 million tons
- Seaborne metallurgical Adjusted EBITDA loss of $7.0 million including ~$80M Centurion impact
- Condensed cash from operations down to $30.6 million in Q1
News Market Reaction – BTU
In the May 5 session, BTU declined 5.73%, reflecting a notable negative market reaction. Argus tracked a peak move of +4.2% during that session. Argus tracked a trough of -5.8% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 05 | Earnings release | Negative | -2.2% | Reported Q4 and full-year 2025 results with a full-year net loss. |
| Feb 05 | Dividend declaration | Positive | -2.2% | Declared a quarterly cash dividend of $0.075 per common share. |
| Jan 21 | Earnings date set | Neutral | -0.8% | Announced timing and access details for upcoming Q4 and year-end results. |
| Nov 20 | Board changes | Positive | +1.4% | Elected two experienced directors to the board and key committees. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent earnings and dividend news often saw modest negative or muted price reactions, while governance changes drew a small positive move.
Over the past six months, BTU’s key news centered on earnings, dividends and board composition. Q4 and full-year 2025 results on Feb 5, 2026 highlighted a full-year net loss but positive Adjusted EBITDA and coincided with a -2.2% move. A separate dividend declaration that day also saw weakness. An earnings-date announcement in Jan 2026 produced a small decline, while new director appointments in Nov 2025 aligned with a modest gain.
Key Terms
adjusted ebitda financial
non-gaap financial measure financial
longwall technical
asset retirement obligation financial
sg&a financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Thermal Coal Volumes Exceed Expectations on Continued Strong Demand
Seaborne Thermal Results Benefit from Rising Prices
Centurion Mine Progressing Toward Full Longwall Production
"Amid volatility in global energy markets, our thermal segments benefited from strong demand and higher realized pricing," said President and Chief Executive Officer Jim Grech. "While we have extended the Centurion commissioning period, due to temporary equipment and roof control challenges, we continue to advance toward full longwall production rates. Our first quarter results demonstrate the value of our diverse global platform and reflect the durability of coal's role in providing reliable and affordable power."
Highlights
- Generated
$82.5 million
- Delivered year-over-year higher price realizations across both seaborne coal segments, while achieving higher volumes and lower costs versus expectations from the seaborne thermal operations responding to increased demand from the
Middle East conflict.
- Working through challenging longwall commissioning conditions at Centurion with continued ramp up in the second quarter. See Centurion Update below for additional information.
- Benefited from continued strength in
U.S. thermal markets, with higher volume year-over-year driven by growing electricity demand.
- Advanced rare earth element and critical mineral development, highlighted by promising germanium concentrations from expanded drilling and sampling. The company also continued to progress technical and economic studies, advanced commercial partnerships, and pursued multiple federal and state funding pathways to support domestic supply chain development.
- Declared a quarterly dividend of
$0.075
First Quarter Segment Performance
Seaborne Thermal | |||||
Quarter Ended | |||||
Mar. | Dec. | Mar. | |||
2026 | 2025 | 2025 | |||
Tons sold (in millions) | 3.0 | 3.3 | 4.4 | ||
Export | 1.9 | 2.1 | 2.9 | ||
Domestic | 1.1 | 1.2 | 1.5 | ||
Revenue per Ton | $ 66.61 | $ 62.84 | $ 60.64 | ||
Export - Avg. Realized Price per Ton | 86.25 | 81.80 | 79.39 | ||
Domestic - Avg. Realized Price per Ton | 32.62 | 25.92 | 24.95 | ||
Costs per Ton | 50.26 | 43.43 | 41.37 | ||
Adjusted EBITDA Margin per Ton | $ 16.35 | $ 19.41 | $ 19.27 | ||
Adjusted EBITDA (in millions) | $ 48.5 | $ 63.5 | $ 84.2 | ||
Seaborne Thermal delivered Adjusted EBITDA of
Seaborne Metallurgical | |||||
Quarter Ended | |||||
Mar. | Dec. | Mar. | |||
2026 | 2025 | 2025 | |||
Tons sold (in millions) | 2.0 | 2.5 | 1.8 | ||
Revenue per Ton | $ 138.28 | $ 122.84 | $ 125.15 | ||
Costs per Ton | 141.72 | 112.94 | 117.66 | ||
Adjusted EBITDA Margin per Ton | $ (3.44) | $ 9.90 | $ 7.49 | ||
Adjusted EBITDA (in millions) | $ (7.0) | $ 24.6 | $ 13.2 | ||
Seaborne Metallurgical results were lower than expected due to 0.4 million tons lower volume related to the temporary challenges at Centurion and adverse weather conditions at Coppabella, partially offset by completing an accelerated longwall move at Metropolitan. The segment reported Adjusted EBITDA loss of
Powder River Basin | |||||
Quarter Ended | |||||
Mar. | Dec. | Mar. | |||
2026 | 2025 | 2025 | |||
Tons sold (in millions) | 21.2 | 22.3 | 19.6 | ||
Revenue per Ton | $ 13.65 | $ 13.44 | $ 14.02 | ||
Costs per Ton | 12.53 | 11.44 | 12.18 | ||
Adjusted EBITDA Margin per Ton | $ 1.12 | $ 2.00 | $ 1.84 | ||
Adjusted EBITDA (in millions) | $ 23.7 | $ 44.8 | $ 36.3 | ||
Powder River Basin generated Adjusted EBITDA of
Other | |||||
Quarter Ended | |||||
Mar. | Dec. | Mar. | |||
2026 | 2025 | 2025 | |||
Tons sold (in millions) | 3.3 | 3.7 | 3.1 | ||
Revenue per Ton | $ 55.79 | $ 51.64 | $ 54.32 | ||
Costs per Ton | 44.37 | 46.77 | 43.71 | ||
Adjusted EBITDA Margin per Ton | $ 11.42 | $ 4.87 | $ 10.61 | ||
Adjusted EBITDA (in millions) | $ 37.8 | $ 18.1 | $ 32.9 | ||
Other
-----------
Centurion Update
During initial longwall commissioning, electrical and mechanical issues, now resolved, constrained cutting speeds which contributed to temporary challenges to roof conditions. The company implemented a comprehensive response plan focused on proactive strata management, targeted equipment optimization, and deployment of additional technical and operational resources. The Company anticipates completing commissioning and production ramp-up in the second quarter, and running at full longwall production rates throughout the second half of the year.
The company expects Centurion to sell approximately 0.3 million tons in the second quarter. The longwall move initially planned for the fourth quarter is now expected in early 2027, leading to full year 2026 volume of 2.5 million tons compared to the original 3.5 million ton expectation.
"While this was not the start we had anticipated, we quickly mobilized the most experienced engineering and operating personnel to address the challenges," said Mr. Grech. "The team has responded safely and effectively, stabilizing performance and positioning the operation for increased production moving forward."
Second Quarter 2026 Outlook
Seaborne Thermal
- Volume is expected to be 3.0 million tons, including 1.9 million export tons. 0.3 million export tons are priced at approximately
$64.60 $57 —$62 per ton.
Seaborne Metallurgical
- Seaborne met volumes are expected to be 2.3 million tons and are expected to achieve approximately 75 percent of the premium hard coking coal price index. Costs are anticipated to be
$145 —$150 per ton.
- PRB volume is expected to be 19 million tons at an average price of
$13.50 $13 $13.50 per ton.
- Other
U.S. Thermal volume is expected to be 3.4 million tons at an average price of$54.50 $45 —$49 per ton.
Today's earnings call is scheduled for 10 a.m. CT and can be accessed via the company's website at PeabodyEnergy.com.
Peabody (NYSE: BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com.
Contact:
Kala Finklang
Email: ir@peabodyenergy.com
1 Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA margin is equal to segment Adjusted EBITDA divided by segment revenue. Revenue per Ton and Adjusted EBITDA Margin per Ton are equal to revenue by segment and Adjusted EBITDA by segment, respectively, divided by segment tons sold. Costs per Ton is equal to Revenue per Ton less Adjusted EBITDA Margin per Ton. Management believes Costs per Ton and Adjusted EBITDA Margin per Ton best reflect controllable costs and operating results at the reportable segment level. We consider all measures reported on a per ton basis, as well as Adjusted EBITDA margin, to be operating/statistical measures. Please refer to the tables and related notes herein for a reconciliation and definition of non-GAAP financial measures. |
Guidance Targets
Segment Performance | |||||
2026 Full Year | |||||
Total Volume short tons) | Priced Volume | Priced Volume | Average Cost per | ||
Seaborne Thermal | 12.0 - 13.0 | 6.7 | |||
Seaborne Thermal (Export) | 7.5 - 8.5 | 2.2 | N/A | ||
Seaborne Thermal (Domestic) | 4.5 | 4.5 | N/A | ||
Seaborne Metallurgical | 9.3 - 10.3 | 3.0 | |||
PRB | 82.0 - 88.0 | 80.5 | |||
Other | 13.2 - 14.2 | 13.4 | |||
Other Annual Financial Metrics ($ in millions) | |||||
2026 Full Year | |||||
SG&A | |||||
Total Capital Expenditures | |||||
ARO Cash Spend | |||||
Supplemental Information | |||||
Seaborne Thermal |
| ||||
Seaborne Metallurgical | On average, Peabody's metallurgical sales are anticipated to price at ~ | ||||
PRB and Other | PRB and Other | ||||
Certain forward-looking measures and metrics presented are non-GAAP financial and operating/statistical measures. Due to the volatility and variability of certain items needed to reconcile these measures to their nearest GAAP measure, no reconciliation can be provided without unreasonable cost or effort.
Condensed Consolidated Statements of Operations (Unaudited) For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025 | ||||||
(In Millions, Except Per Share Data) | ||||||
Quarter Ended | ||||||
Mar. | Dec. | Mar. | ||||
2026 | 2025 | 2025 | ||||
Revenue | $ 973.3 | $ 1,022.3 | $ 937.0 | |||
Operating Costs and Expenses (1) | 864.7 | 878.4 | 770.2 | |||
Depreciation, Depletion and Amortization | 109.5 | 99.0 | 92.1 | |||
Asset Retirement Obligation Expenses | 13.6 | (4.8) | 13.6 | |||
Selling and Administrative Expenses | 31.6 | 30.5 | 23.6 | |||
Restructuring Charges | 1.1 | 0.3 | 1.7 | |||
Costs Related to Terminated Acquisition | 3.0 | 3.7 | 2.4 | |||
Net Gain on Disposals | (11.7) | (2.4) | (5.2) | |||
Loss from Equity Affiliates | 5.7 | 4.2 | 6.7 | |||
Other Operating Loss | — | 5.6 | — | |||
Operating (Loss) Profit | (44.2) | 7.8 | 31.9 | |||
Interest Expense, Net of Capitalized Interest | 10.7 | 11.3 | 11.5 | |||
Interest Income | (13.1) | (12.3) | (15.4) | |||
Net Periodic Benefit Credit, Excluding Service Cost | (0.4) | (7.4) | (7.4) | |||
Net Mark-to-Market Adjustment on Actuarially Determined Liabilities | — | (5.4) | — | |||
(Loss) Income from Continuing Operations Before Income Taxes | (41.4) | 21.6 | 43.2 | |||
Income Tax (Benefit) Provision | (16.0) | 10.0 | 4.9 | |||
(Loss) Income from Continuing Operations, Net of Income Taxes | (25.4) | 11.6 | 38.3 | |||
(Loss) Income from Discontinued Operations, Net of Income Taxes | (0.2) | 0.8 | (0.3) | |||
Net (Loss) Income | (25.6) | 12.4 | 38.0 | |||
Less: Net Income Attributable to Noncontrolling Interests | 6.8 | 2.0 | 3.6 | |||
Net (Loss) Income Attributable to Common Stockholders | $ (32.4) | $ 10.4 | $ 34.4 | |||
Adjusted EBITDA (2) | $ 82.5 | $ 118.1 | $ 144.0 | |||
Diluted EPS - (Loss) Income from Continuing Operations (3)(4) | $ (0.26) | $ 0.08 | $ 0.27 | |||
Diluted EPS - Net (Loss) Income Attributable to Common Stockholders (3) | $ (0.27) | $ 0.09 | $ 0.27 | |||
(1) | Excludes items shown separately. | |||||
(2) | Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under | |||||
(3) | Weighted average diluted shares outstanding were 122.0 million, 123.0 million and 138.7 million during the quarters ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. | |||||
(4) | Reflects (loss) income from continuing operations, net of income taxes less net income attributable to noncontrolling interests. | |||||
This information is intended to be reviewed in conjunction with the company's filings with the SEC. | ||||||
Condensed Consolidated Balance Sheets | ||||
As of Mar. 31, 2026 and Dec. 31, 2025 | ||||
(Dollars In Millions) | ||||
(Unaudited) | ||||
Mar. 31, 2026 | Dec. 31, 2025 | |||
Cash and Cash Equivalents | $ 492.5 | $ 575.3 | ||
Accounts Receivable, Net | 309.5 | 314.9 | ||
Inventories, Net | 405.5 | 383.2 | ||
Other Current Assets | 303.8 | 285.4 | ||
Total Current Assets | 1,511.3 | 1,558.8 | ||
Property, Plant, Equipment and Mine Development, Net | 3,129.9 | 3,153.3 | ||
Operating Lease Right-of-Use Assets | 128.9 | 121.2 | ||
Restricted Cash and Collateral | 811.3 | 844.1 | ||
Investments and Other Assets | 126.3 | 127.6 | ||
Deferred Income Taxes | 2.3 | 2.2 | ||
Total Assets | $ 5,710.0 | $ 5,807.2 | ||
Current Portion of Long-Term Debt | $ 14.3 | $ 15.2 | ||
Accounts Payable and Accrued Expenses | 795.6 | 827.0 | ||
Total Current Liabilities | 809.9 | 842.2 | ||
Long-Term Debt, Less Current Portion | 320.9 | 321.2 | ||
Deferred Income Taxes | 3.5 | 26.3 | ||
Asset Retirement Obligations, Less Current Portion | 694.4 | 692.8 | ||
Accrued Postretirement Benefit Costs | 108.8 | 109.2 | ||
Operating Lease Liabilities, Less Current Portion | 94.4 | 87.5 | ||
Other Noncurrent Liabilities | 138.0 | 145.8 | ||
Total Liabilities | 2,169.9 | 2,225.0 | ||
Common Stock | 1.9 | 1.9 | ||
Additional Paid-in Capital | 4,010.3 | 4,004.8 | ||
Treasury Stock | (1,930.6) | (1,927.3) | ||
Retained Earnings | 1,314.2 | 1,355.9 | ||
Accumulated Other Comprehensive Income | 99.4 | 101.1 | ||
Peabody Energy Corporation Stockholders' Equity | 3,495.2 | 3,536.4 | ||
Noncontrolling Interests | 44.9 | 45.8 | ||
Total Stockholders' Equity | 3,540.1 | 3,582.2 | ||
Total Liabilities and Stockholders' Equity | $ 5,710.0 | $ 5,807.2 | ||
This information is intended to be reviewed in conjunction with the company's filings with the SEC. | ||||
Condensed Consolidated Statements of Cash Flows (Unaudited) | |||||
For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025 | |||||
(Dollars In Millions) | |||||
Quarter Ended | |||||
Mar. | Dec. | Mar. | |||
2026 | 2025 | 2025 | |||
Cash Flows From Operating Activities | |||||
Net Cash Provided By Continuing Operations | $ 30.6 | $ 69.2 | $ 120.5 | ||
Net Cash Used in Discontinued Operations | (0.6) | (0.6) | (0.6) | ||
Net Cash Provided By Operating Activities | 30.0 | 68.6 | 119.9 | ||
Cash Flows From Investing Activities | |||||
Additions to Property, Plant, Equipment and Mine Development | (85.4) | (130.6) | (70.4) | ||
Changes in Accrued Expenses Related to Capital Expenditures | (37.1) | 24.6 | (38.6) | ||
Proceeds from Disposal of Assets, Net of Receivables | 5.4 | 15.9 | 7.2 | ||
Contributions to Joint Ventures | (165.6) | (165.7) | (138.3) | ||
Distributions from Joint Ventures | 160.2 | 162.8 | 150.8 | ||
Other, Net | (1.0) | (0.8) | (0.3) | ||
Net Cash Used In Investing Activities | (123.5) | (93.8) | (89.6) | ||
Cash Flows From Financing Activities | |||||
Repayments of Long-Term Debt | (2.4) | (2.3) | (2.8) | ||
Payment of Debt Issuance and Other Deferred Financing Costs | — | — | (1.7) | ||
Repurchase of Employee Common Stock Relinquished for Tax Withholding | (3.3) | — | (0.8) | ||
Dividends Paid | (9.2) | (9.0) | (9.1) | ||
Distributions to Noncontrolling Interests | (7.7) | (0.1) | (14.7) | ||
Net Cash Used In Financing Activities | (22.6) | (11.4) | (29.1) | ||
Net Change in Cash, Cash Equivalents and Restricted Cash | (116.1) | (36.6) | 1.2 | ||
Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 1,284.5 | 1,321.1 | 1,382.6 | ||
Cash, Cash Equivalents and Restricted Cash at End of Period | $ 1,168.4 | $ 1,284.5 | $ 1,383.8 | ||
This information is intended to be reviewed in conjunction with the company's filings with the SEC. | |||||
Reconciliation of Non-GAAP Financial Measures (Unaudited) | ||||||
For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025 | ||||||
(Dollars In Millions) | ||||||
Note: Management believes that non-GAAP financial measures are used by investors to measure our operating performance. These measures | ||||||
Quarter Ended | ||||||
Mar. | Dec. | Mar. | ||||
2026 | 2025 | 2025 | ||||
(Loss) Income from Continuing Operations, Net of Income Taxes | $ (25.4) | $ 11.6 | $ 38.3 | |||
Depreciation, Depletion and Amortization | 109.5 | 99.0 | 92.1 | |||
Asset Retirement Obligation Expenses | 13.6 | (4.8) | 13.6 | |||
Restructuring Charges | 1.1 | 0.3 | 1.7 | |||
Costs Related to Terminated Acquisition | 3.0 | 3.7 | 2.4 | |||
Changes in Amortization of Basis Difference Related to Equity Affiliates | (0.6) | (0.8) | (0.6) | |||
Other Operating Loss | — | 5.6 | — | |||
Interest Expense, Net of Capitalized Interest | 10.7 | 11.3 | 11.5 | |||
Interest Income | (13.1) | (12.3) | (15.4) | |||
Net Mark-to-Market Adjustment on Actuarially Determined Liabilities | — | (5.4) | — | |||
Unrealized (Gains) Losses on Foreign Currency Option Contracts | (0.3) | 0.1 | (4.3) | |||
Take-or-Pay Contract-Based Intangible Recognition | — | (0.2) | (0.2) | |||
Income Tax (Benefit) Provision | (16.0) | 10.0 | 4.9 | |||
Adjusted EBITDA (1) | $ 82.5 | $ 118.1 | $ 144.0 | |||
Operating Costs and Expenses | $ 864.7 | $ 878.4 | $ 770.2 | |||
Unrealized Gains (Losses) on Foreign Currency Option Contracts | 0.3 | (0.1) | 4.3 | |||
Take-or-Pay Contract-Based Intangible Recognition | — | 0.2 | 0.2 | |||
Net Periodic Benefit Credit, Excluding Service Cost | (0.4) | (7.4) | (7.4) | |||
Total Segment Costs (2) | $ 864.6 | $ 871.1 | $ 767.3 | |||
(1) | Adjusted EBITDA is defined as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing the reportable segments' operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by the chief operating decision maker as the primary financial metric to measure each segment's operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions. | |||||
(2) | Total Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each reportable segment's operating performance, as displayed in the reconciliation above. Total Segment Costs is used by management as a component of a metric to measure each segment's operating performance. | |||||
This information is intended to be reviewed in conjunction with the company's filings with the SEC. | ||||||
Supplemental Financial Data (Unaudited) | ||||||
For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025 | ||||||
Quarter Ended | ||||||
Mar. | Dec. | Mar. | ||||
2026 | 2025 | 2025 | ||||
Tons Sold (In Millions) | 29.6 | 31.9 | 28.9 | |||
Revenue Summary (In Millions) | ||||||
Seaborne Thermal | $ 197.5 | $ 205.6 | $ 265.1 | |||
Seaborne Metallurgical | 283.0 | 305.4 | 220.1 | |||
Powder River Basin | 289.5 | 300.3 | 275.6 | |||
Other | 184.5 | 191.5 | 168.7 | |||
Total | 474.0 | 491.8 | 444.3 | |||
Corporate and Other | 18.8 | 19.5 | 7.5 | |||
Total | $ 973.3 | $ 1,022.3 | $ 937.0 | |||
Total Segment Costs Summary (In Millions) (1) | ||||||
Seaborne Thermal | $ 149.0 | $ 142.1 | $ 180.9 | |||
Seaborne Metallurgical | 290.0 | 280.8 | 206.9 | |||
Powder River Basin | 265.8 | 255.5 | 239.3 | |||
Other | 146.7 | 173.4 | 135.8 | |||
Total | 412.5 | 428.9 | 375.1 | |||
Corporate and Other | 13.1 | 19.3 | 4.4 | |||
Total | $ 864.6 | $ 871.1 | $ 767.3 | |||
Other Supplemental Financial Data (In Millions) | ||||||
Adjusted EBITDA - Seaborne Thermal | $ 48.5 | $ 63.5 | $ 84.2 | |||
Adjusted EBITDA - Seaborne Metallurgical | (7.0) | 24.6 | 13.2 | |||
Adjusted EBITDA - Powder River Basin | 23.7 | 44.8 | 36.3 | |||
Adjusted EBITDA - Other | 37.8 | 18.1 | 32.9 | |||
Adjusted EBITDA - Total | 61.5 | 62.9 | 69.2 | |||
Middlemount | (5.0) | (1.0) | (6.9) | |||
Resource Management Results (2) | 14.0 | 11.4 | 5.5 | |||
Selling and Administrative Expenses | (31.6) | (30.5) | (23.6) | |||
Other Operating Costs, Net (3) | 2.1 | (12.8) | 2.4 | |||
Adjusted EBITDA (1) | $ 82.5 | $ 118.1 | $ 144.0 | |||
(1) | Total Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under | |||||
(2) | Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue. | |||||
(3) | Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's other equity method investments, costs associated with suspended operations, holding costs associated with the Centurion Mine, the impact of foreign currency remeasurement and expenses related to the Company's other commercial activities. | |||||
This information is intended to be reviewed in conjunction with the company's filings with the SEC. | ||||||
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's or the Board's current expectations or predictions of future conditions, events, or results. All statements that address operating performance, events, or developments that may occur in the future are forward-looking statements, including statements regarding the shareholder return framework, execution of the Company's operating plans, market conditions for the Company's products, reclamation obligations, financial outlook, potential acquisitions and strategic investments, and liquidity requirements. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive, and regulatory factors, many of which are beyond Peabody's control, that are described in Peabody's periodic reports filed with the SEC including its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody's website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.
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SOURCE Peabody