Peabody Energy (NYSE: BTU) faces Anglo American arbitration over coal deal and $75M deposit

Rhea-AI Filing Summary

Peabody Energy Corporation provided an update under Regulation FD about a contract dispute with Anglo American Plc. Anglo has started arbitration after Peabody terminated purchase agreements for Anglo’s steelmaking coal assets, with Peabody stating it believes a material adverse change occurred that justified ending the deals.

After the termination, Anglo returned $29 million of the original $75 million deposit paid by Peabody. Peabody has demanded that the remaining portion of the deposit be returned without further delay, and the recovery of this balance will depend on the outcome of the arbitration process.

Insights

Equity and special situations analyst

Peabody faces arbitration over a terminated coal asset purchase and a disputed deposit.

Peabody Energy reports that Anglo American has initiated arbitration after Peabody terminated purchase agreements for steelmaking coal assets, citing what Peabody describes as a material adverse change. The dispute centers on these previously agreed acquisitions rather than ongoing operating performance.

Following termination, Anglo returned $29 million of a $75 million deposit, leaving a significant balance unresolved. Peabody has formally demanded return of the remaining amount, but the ultimate outcome depends on the arbitration process and any remedies that may be awarded.

The key practical variables are whether Peabody ultimately recovers the full remaining deposit and whether the arbitration leads to any additional obligations. Investors will need to track future company filings or announcements describing progress or resolution of this arbitration.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 3, 2025

PEABODY ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

1-16463

13-4004153

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

701 Market Street,

St. Louis,

Missouri

63101-1826

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code:

(314)

342-3400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.01 per share			BTU			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 7.01. Regulation FD Disclosure.

Peabody Energy Corporation (the “Company” or “Peabody”) confirmed today that Anglo American Plc has initiated arbitration proceedings in response to the termination of purchase agreements relating to Anglo’s steelmaking coal assets. Peabody remains confident that a material adverse change occurred, entitling Peabody to terminate the purchase agreements. Following termination, Anglo has returned $29 million of the $75 million deposit due to Peabody, and Peabody has demanded the outstanding portion to be returned without further delay.

The information set forth in and incorporated into this Item 7.01 of this Current Report on Form 8-K is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing. The filing of this Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.			Description of Exhibit
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			PEABODY ENERGY CORPORATION
October 3, 2025			By: /s/ Scott T. Jarboe
			Name: Scott T. Jarboe
			Title: Chief Administrative Officer and Corporate Secretary

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FAQ

What dispute did Peabody Energy (BTU) disclose with Anglo American?

Peabody Energy disclosed that Anglo American has begun arbitration after Peabody terminated purchase agreements for Anglo’s steelmaking coal assets. Peabody states it believes a material adverse change occurred, which it says entitled it to terminate those agreements under the contract terms.

How much of the deposit has Anglo American returned to Peabody Energy (BTU)?

Anglo American has returned $29 million of the original $75 million deposit Peabody paid in connection with the terminated steelmaking coal asset purchase agreements. Peabody has demanded that the remaining portion of the deposit be returned without further delay, and this issue is linked to the arbitration.

Why did Peabody Energy (BTU) terminate the Anglo American coal purchase agreements?

Peabody states it terminated the purchase agreements for Anglo American’s steelmaking coal assets because it believes a material adverse change occurred. This claimed material adverse change, as described by Peabody, is the basis it cites for having the right to end the transaction under the agreements.

What is the purpose of the arbitration between Peabody Energy (BTU) and Anglo American?

The arbitration was initiated by Anglo American after Peabody terminated purchase agreements for steelmaking coal assets. It is intended to resolve disagreements arising from that termination, including issues related to the $75 million deposit of which only $29 million has been returned so far.

Is Peabody Energy’s (BTU) disclosure about the Anglo American dispute considered filed information?

No. Peabody states the information is furnished under Regulation FD and not deemed filed for purposes of Section 18 of the Exchange Act. It is also not automatically incorporated into other Securities Act or Exchange Act filings unless specifically referenced there.