NYSE$BTU
Peabody Energy Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Peabody Energy's financial performance declined in Q1 2024 compared to the previous year, but the company reaffirmed its full-year guidance and completed the strategic Wards Well acquisition.
Peabody Energy reported a net income of $39.6 million for Q1 2024, a decrease from $268.5 million in the prior year quarter. Adjusted EBITDA was $160.5 million, also lower than the $390.6 million in the previous year. The company reaffirmed its full-year guidance and completed the acquisition of Wards Well.
- Reported first quarter Adjusted EBITDA of $160.5 million and generated operating cash flow from continuing operations of $120.3 million.
- Repurchased 3.2 million shares, or 3% of shares outstanding, for $80.4 million.
- Acquired a large portion of the Wards Well coal deposit immediately adjacent to the company's Centurion Mine complex.
- Centurion remains on track for development coal in the second quarter of 2024 and longwall production in the first quarter of 2026 with capital expenditures in line with previous guidance.
Headline financials
Revenue & EPS history
Peabody Energy · Revenue · Quarterly
$984M
Revenue by segment
Peabody Energy · $1.08B total across 5 segments · Q3 2023
- Powder River Basin$313M+7.7%29.0%
- Seaborne Thermal$297M-15.8%27.6%
- Seaborne Metallurgical$247M-20.5%22.9%
- Other U.S. Thermal$228M-12.7%21.2%
- Corporate and Other-$6.7M-105.3%-0.6%
Forward guidance
Peabody Energy provided guidance for the second quarter of 2024.
Tailwinds
- Seaborne Thermal volumes are expected to be 4.1 million tons, including 2.7 million export tons.
- 0.4 million export tons are priced at $146 per ton.
- Seaborne Metallurgical volumes are expected to be 1.9 million tons and are expected to achieve 65 to 70 percent of the premium hard coking coal price index.
- PRB volume is expected to be approximately 15.5 million tons at an average price of $13.80 per ton.
- Other U.S. Thermal volume is expected to be approximately 3.8 million tons at an average price of $54.80 per ton.
Headwinds
- 1.0 million tons of Newcastle product and 1.3 million tons of high ash product are unpriced for Seaborne Thermal.
- Seaborne Thermal costs are anticipated to be $45-$50 per ton.
- Seaborne Metallurgical costs are anticipated to be $110-$120 per ton.
- PRB costs of approximately $12.75-$13.75 per ton.
- Other U.S. Thermal costs of approximately $44-$48 per ton.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-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 |
|---|---|---|---|---|
| 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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