NYSE$BTU
Peabody Energy Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Peabody Energy reported strong financial results for Q1 2023, driven by increased Adjusted EBITDA and operating cash flow, and initiated a robust shareholder return program.
Peabody Energy reported a net income of $268.5 million for Q1 2023, a significant increase compared to the net loss of $119.5 million in Q1 2022. The company's Adjusted EBITDA reached $390.6 million, up nearly 20% from the previous year. Peabody also generated $386 million in operating cash flow and initiated a $1.0 billion share repurchase authorization.
- Initiated a $1.0 billion share repurchase authorization.
- Adjusted EBITDA reached $391 million and Operating Cash Flow landed at $386 million.
- Seaborne Thermal export volumes exceeded expectations by 17%, reaching 2.1 million tons.
- Completed pre-funding of all long-term mine closure and reclamation obligations.
Headline financials
Revenue & EPS history
Peabody Energy · Revenue · Quarterly
$1.36B
Revenue by segment
Peabody Energy · $1.36B total across 5 segments · Q1 2023
- Seaborne Thermal$347M+37.9%25.4%
- Powder River Basin$305M+21.5%22.4%
- Seaborne Metallurgical$288M-10.2%21.1%
- Other U.S. Thermal$249M+22.8%18.3%
- Corporate and Other$174M+152.0%12.8%
Forward guidance
Peabody Energy provided the following outlook for the second quarter of 2023:
Tailwinds
- Seaborne Thermal volumes are expected to be 4.0 million tons, including 2.6 million export tons.
- 1.0 million Seaborne Thermal export tons are priced at $243 per ton.
- Seaborne Metallurgical volumes are expected to be 1.7 million tons.
- 0.5 million Seaborne Metallurgical tons are priced at $244 per ton.
- PRB average price of $13.70 per ton and cost of approximately $12.00 per ton.
Headwinds
- Seaborne Thermal costs are expected to be $50-$55 per ton.
- Remaining unpriced Seaborne Metallurgical volumes are expected to achieve 75 to 80 percent of the premium hard coking coal price index.
- PRB volume is expected to be approximately 21 million tons
- Other U.S. Thermal volume is expected to be approximately 4.3 million tons
- Other U.S. Thermal volume average price of $52.50 per ton and cost of approximately $41 per ton.
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 2023
-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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