NYSE$BTU
Peabody Energy Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Peabody Energy reported first quarter earnings, which included revenue of $846.2 million and a net loss attributable to common stockholders of $129.7 million.
Peabody Energy reported a challenging first quarter in 2020, with revenues declining to $846.2 million compared to $1.25 billion in the prior year. The company experienced a net loss attributable to common stockholders of $129.7 million, with a diluted loss per share of $1.31. Peabody is focused on cost reduction and safeguarding financial flexibility amid the COVID-19 pandemic.
- Revenues totaled $846.2 million compared to $1.25 billion in the prior year, impacted by lower volumes and pricing.
- Net loss attributable to common stockholders was $129.7 million, with a diluted loss per share of $1.31.
- Adjusted EBITDA was $36.8 million, reflecting lower realized pricing and higher seaborne metallurgical costs.
- Company is implementing cost reduction activities and focusing on cash generation at lower pricing levels.
Headline financials
Revenue & EPS history
Peabody Energy · Revenue · Quarterly
$846M
Revenue by segment
Peabody Energy · $846M total across 5 segments · Q1 2020
- Powder River Basin$267M—31.5%
- Seaborne Thermal$201M—23.8%
- Seaborne Metallurgical$193M—22.8%
- Other U.S. Thermal$192M—22.7%
- Corporate and Other-$7M—-0.8%
Forward guidance
Peabody has decided to suspend full-year 2020 guidance due to uncertainties with respect to COVID-19, including the duration, severity, scope, and necessary government actions to limit the spread.
Tailwinds
- Company is proceeding with the main line conveyor system upgrade at Shoal Creek.
- Mining has recently resumed at Metropolitan following a longwall move in the first quarter.
- Peabody currently has 3.2 million short tons of export thermal coal priced for the remainder of the year.
- Based on actions to date, 2020 SG&A has been reduced to approximately $120 million.
- Capital expenditures have been reduced to approximately $235 million and are focused on sustaining and compliance activities.
Headwinds
- Uncertainties with respect to COVID-19, including the duration, severity, scope, and necessary government actions to limit the spread.
- Deliveries will be dependent on general economic conditions, weather, natural gas prices and other factors.
- Company is proceeding with the main line conveyor system upgrade at Shoal Creek.
- Coppabella is currently mining through a lower-ratio pit, which is anticipated to mitigate increased costs associated with a major dragline repair slated for the second quarter.
- ARO cash spend has also been reduced to approximately $60 million for 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
-2.0%
Avg return
Earnings day
-1.9%
Avg return
5 days after
+1.2%
Avg return
30 days after
39%
14 / 36 earnings
Positive
+25.2%
Q4 2021
Best reaction
-29.0%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -1.8% | -11.0% | +17.7% | |
| Q4 2025 | -2.2% | +2.7% | -8.3% | |
| Q3 2025 | -4.7% | +8.9% | +0.9% | |
| Q1 2025 | +9.2% | +5.6% | -2.6% | |
| Q4 2024 | -9.1% | -3.8% | -30.6% | |
| Q3 2024 | +7.2% | +10.2% | -3.4% | |
| Q2 2024 | -0.8% | -3.7% | +5.4% | |
| Q1 2024 | +2.8% | +2.3% | +15.6% | |
| Q4 2023 | -2.5% | -4.4% | +4.7% | |
| Q3 2023 | +0.6% | -4.4% | -2.8% | |
| Q2 2023 | -3.7% | -0.7% | -4.5% | |
| Q1 2023 | +2.6% | -0.3% | -20.3% | |
| Q4 2022 | +12.1% | +7.3% | -11.2% | |
| Q3 2022 | +16.2% | +27.5% | +36.0% | |
| Q2 2022 | -8.0% | -14.7% | +21.8% | |
| Q1 2022 | -14.6% | -18.8% | -5.2% | |
| Q4 2021 | +25.2% | +26.6% | +69.4% | |
| Q3 2021 | -8.9% | -11.8% | -19.5% | |
| Q2 2021 | +8.7% | +5.8% | +44.8% | |
| Q1 2021 | -13.8% | -3.3% | +54.5% | |
| Q4 2020 | -17.9% | -14.3% | -7.6% | |
| Q3 2020 | -29.0% | -10.3% | +26.5% | |
| Q2 2020 | -14.3% | -10.5% | -14.3% | |
| Q1 2020 | +13.0% | +8.0% | +5.0% | |
| Q4 2019 | +20.8% | +12.1% | -37.2% | |
| Q3 2019 | -26.2% | -36.3% | -39.5% | |
| Q2 2019 | -15.9% | -18.4% | -16.7% | |
| Q1 2019 | -4.1% | +1.5% | -18.2% | |
| Q4 2018 | -13.8% | -17.3% | -14.5% | |
| Q3 2018 | +4.6% | +1.7% | -8.1% | |
| Q2 2018 | -0.5% | +1.1% | -2.9% | |
| Q1 2018 | -3.1% | -3.0% | +9.1% | |
| Q4 2017 | -7.2% | -4.4% | -5.0% | |
| Q3 2017 | +3.0% | +1.9% | +8.9% | |
| Q2 2017 | +7.7% | +0.6% | +3.4% | |
| Q1 2017 | -4.4% | -0.4% | -6.7% | |
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