NYSE$BTU
Peabody Energy Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Peabody Energy reported Q3 2021 results with revenues of $679.0 million and a net loss attributable to common stockholders of $44.2 million.
Peabody Energy's Q3 2021 results showed revenues of $679.0 million, which were impacted by $238 million of unrealized mark-to-market losses. The company reported a net loss of $44.2 million, but Adjusted EBITDA reached $289.1 million. They retired $93 million of senior secured debt during the quarter and an additional $30 million after the quarter ended.
- Revenues totaled $679.0 million, net of $238 million of unrealized mark-to-market losses.
- Net loss attributable to common stockholders was $44.2 million.
- Adjusted EBITDA totaled $289.1 million.
- The company retired $93 million of senior secured debt during the quarter and an additional $30 million after September 30, 2021.
Headline financials
Revenue & EPS history
Peabody Energy · Revenue · Quarterly
$679M
Revenue by segment
Peabody Energy · $679M total across 5 segments · Q3 2021
- Seaborne Thermal$261M+59.9%38.4%
- Powder River Basin$247M-6.7%36.4%
- Other U.S. Thermal$185M+2.7%27.2%
- Seaborne Metallurgical$180M+127.8%26.4%
- Corporate and Other-$193M-1152.6%-28.4%
Forward guidance
Peabody provided an outlook for the remainder of 2021, including expectations for US Thermal Operations, Seaborne Thermal Operations, and Seaborne Met Operations.
Tailwinds
- US Thermal Operations: 2021 projected volumes are fully priced and committed.
- Seaborne Thermal Operations: Higher export thermal volumes expected in the fourth quarter compared to previous quarters.
- Wilpinjong fourth quarter volumes are anticipated to include ~2 million tons of export shipments and ~2 million tons of domestic shipments.
- Seaborne Met Operations: The CMJV and Metropolitan are expected to continue recognizing cost and productivity improvements.
- Shoal Creek is anticipated to begin production in the second half of the fourth quarter, with ramp up through the first quarter of 2022.
Headwinds
- US Thermal Operations: Coal deliveries will remain largely dependent on general economic conditions, weather, natural gas prices, utility inventory levels, availability of labor and rail performance.
- Seaborne Thermal Operations: Realized seaborne thermal export pricing varies based on sales timing and product quality as well as optimization strategies.
- Seaborne Thermal Operations: Wambo unpriced products are expected to price with reference to Globalcoal “NEWC” levels.
- Seaborne Thermal Operations: Wilpinjong, with a higher ash content is anticipated to price at a 5-20% discount to API 5 price levels.
- Seaborne Met Operations: Does not include guidance for Shoal Creek until production start-up.
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 Q3 2021
-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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