SSGA Funds Management, Inc. and State Street Corporation filed a Schedule 13G disclosing significant passive holdings in Peabody Energy Corp. State Street reports beneficial ownership of 9,208,031 shares (7.6% of the class), with shared voting power of 9,030,160 and shared dispositive power of 9,208,031. SSGA Funds Management reports beneficial ownership of 6,550,661 shares (5.4% of the class), with shared voting power of 6,534,061 and shared dispositive power of 6,550,661.
The filing classifies SSGA entities as investment advisers and State Street as a holding company and includes the standard certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Peabody Energy (BTU) posted a sharp earnings reversal for Q2-25. Revenue fell 15% YoY to $890 million as seaborne thermal and met coal pricing/volumes softened; Powder River Basin sales rose but could not offset the decline. Operating results swung to a $38 million loss versus a $234 million profit last year, weighed by lower prices, $19 million of Anglo-related transaction costs and the absence of last year’s $110 million Shoal Creek insurance recovery. Net loss attributable to common shareholders was $28 million (-$0.23 EPS) compared with $199 million ($1.58) profit in Q2-24.
- Six-month revenue down 10% to $1.83 billion; net income to common plummeted 97% to $7 million (EPS $0.06).
- Operating cash flow improved to $144 million (vs. $130 million) but capex and JV funding drove $83 million reduction in total cash to $1.30 billion.
- Balance sheet remains conservative: net cash ≈ $256 million; long-term debt $329 million (3.25% converts due 2028).
- Total equity stable at $3.67 billion; ARO liabilities $673 million.
Guidance: none provided in excerpt. Overall, weaker coal markets and one-off charges pushed BTU into loss, while liquidity and low leverage provide flexibility amid acquisition uncertainty.
Form 8-K highlights
- Item 2.02: Peabody Energy furnished a press release (Ex. 99.1) containing Q2-25 results and updated Q3/FY25 guidance. The release is treated as “furnished,” not “filed,” limiting §18 liability.
- Item 8.01: The Board declared a quarterly cash dividend of $0.075 per share, payable 3 Sep 2025 to holders of record 14 Aug 2025, reinforcing capital-return commitments.
- Exhibits: 99.1 (earnings release), 99.2 (dividend release), 104 (cover-page iXBRL).
No other material events, transactions or financial statements were reported.