NYSE$BTU
Peabody Energy Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Peabody Energy reported mixed results for Q2 2023, with net income impacted by losses at NARM and Shoal Creek offset by strong seaborne portfolio performance.
Peabody Energy reported a net income of $179.2 million for Q2 2023, with Adjusted EBITDA of $358.2 million. The company returned $262 million to shareholders through share repurchases and dividends. Despite market volatility, the diverse operational platform allowed the company to successfully execute its plan, driven by a strong seaborne portfolio.
- Net income attributable to common stockholders was $179.2 million, or $1.15 per diluted share.
- Adjusted EBITDA for the second quarter was $358.2 million.
- Returned $262 million to shareholders through share repurchases and dividends.
- Seaborne metallurgical volumes exceeded expectations by 18 percent, with 2.0 million tons shipped.
Headline financials
Revenue & EPS history
Peabody Energy · Revenue · Quarterly
$1.27B
Revenue by segment
Peabody Energy · $1.27B total across 5 segments · Q2 2023
- Seaborne Thermal$400M+12.6%31.5%
- Seaborne Metallurgical$373M-30.2%29.4%
- Powder River Basin$260M+13.1%20.5%
- Other U.S. Thermal$200M-11.1%15.8%
- Corporate and Other$37.2M+273.8%2.9%
Forward guidance
Peabody Energy anticipates increased seaborne thermal volumes and provides cost and pricing expectations for Q3 2023 across its segments.
Tailwinds
- Seaborne thermal volumes are expected to be 4.2 million tons, including 2.7 million export tons.
- 0.3 million export tons are priced at $181 per ton.
- PRB volume is expected to be approximately 21 million tons at an average price of $13.80 per ton and costs of approximately $11.75 per ton.
- Other U.S. Thermal volume is expected to be approximately 4.2 million tons at an average price of $50.50 per ton.
- Seaborne met volumes are expected to be 1.5 million tons.
Headwinds
- Approximately 1.4 million tons of high ash product and 1.0 million tons of Newcastle product are unpriced for seaborne thermal.
- Seaborne thermal costs are expected to be $45-$50 per ton.
- The remaining unpriced seaborne met volumes are expected to achieve 70 to 80 percent of the premium hard coking coal price index.
- Seaborne metallurgical costs are expected to be $115-$125 per ton.
- Other U.S. Thermal costs are expected to be approximately $41 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 Q2 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 |
|---|---|---|---|---|
| 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% | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2007 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2009 | — | — | — | |
| Q1 2010 | — | — | — | |
| Q4 2008 | — | — | — | |
| Q4 2009 | — | — | — | |
| Q3 2009 | — | — | — | |
| Q3 2008 | — | — | — | |
| Q2 2008 | — | — | — | |
| Q2 2009 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro