NYSE$BTU
Peabody Energy Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Peabody Energy reported net income of $199.4 million and Adjusted EBITDA of $309.7 million, which included $80.8 million from an insurance settlement. The company achieved first development coal at Centurion and announced $100 million for additional share repurchases.
Peabody Energy reported a net income attributable to common stockholders of $199.4 million, or $1.42 per diluted share, for Q2 2024. Adjusted EBITDA was $309.7 million, including an $80.8 million insurance settlement. The company also announced an additional $100 million for share repurchases.
- Reported second quarter Adjusted EBITDA of $309.7 million.
- Achieved first development coal at Centurion; second continuous miner commissioned in July.
- Increased Seaborne Thermal revenue and Adjusted EBITDA margin per ton.
- Reached $109.5 million insurance settlement at Shoal Creek.
Headline financials
Revenue & EPS history
Peabody Energy · Revenue · Quarterly
$1.04B
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 has updated its full year volume expectations for Seaborne Thermal, Seaborne Metallurgical, and PRB. Third quarter volume and cost expectations were provided for Seaborne Thermal, Seaborne Metallurgical and Other U.S. Thermal.
Tailwinds
- Full year Seaborne Thermal volume increased by 500k tons.
- 600k export tons are priced at $120.45 per ton for Seaborne Thermal.
- Third quarter PRB volume is expected to be 21.5 million tons.
- Third quarter Other U.S. Thermal volume is expected to be 4.0 million tons.
- Centurion is expected to have a mine life in excess of 25 years and average annual longwall production of 4.7 million tons.
Headwinds
- Full year Seaborne Metallurgical volume lowered by 600k tons due to geological conditions.
- Full year PRB volume lowered 5 million tons.
- Seaborne Metallurgical costs are now expected to be $118-$128 per ton.
- Challenging geological conditions at the CMJV for Seaborne Metallurgical.
- ~50% of unpriced export volumes are expected to have a higher ash content and price at 80-95% of API 5 price levels.
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 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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