NYSE$BTU
Peabody Energy Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Peabody Energy reported strong operational and safety performance, completed share repurchases, and saw exceptional progress in Centurion development.
Peabody Energy reported a net income attributable to common stockholders of $101.3 million for Q3 2024. The company saw strong operational performance across all segments, completed $100 million in share repurchases, and continued to execute its strategy, including a comprehensive update on Centurion.
- Reported third quarter Adjusted EBITDA of $224.8 million and generated operating cash flow of $359.9 million.
- Centurion development rates continue to exceed expectations, with first customer shipment scheduled for the fourth quarter.
- Powder River Basin volumes were better than expected at 22.1 million tons.
- Completed $100 million of share repurchases.
Headline financials
Revenue & EPS history
Peabody Energy · Revenue · Quarterly
$1.09B
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 provided its fourth quarter 2024 outlook, including volume and cost expectations for its Seaborne Thermal, Seaborne Metallurgical, and U.S. Thermal segments, as well as capital expenditure guidance.
Tailwinds
- Seaborne Thermal volume is expected to be 4.1 million tons, including 2.5 million export tons.
- Seaborne Metallurgical volume is anticipated to be 2.3 million tons and is expected to achieve 70 to 75 percent of the premium hard coking coal price index.
- PRB volume is expected to be 21.2 million tons at an average price of $13.50 per ton and costs of approximately $11.50-$12.00 per ton.
- Other U.S. Thermal volume is expected to be 3.9 million tons at an average price of $52.40 per ton and costs of approximately $44-$48 per ton.
- Full year volume guidance increased by 200 thousand tons to 16-16.4 million tons due to higher production at Wilpinjong.
Headwinds
- Twentymile is experiencing challenging geological conditions temporarily reducing production.
- Full-year anticipated capital has been increased by $50 million to $425 million primarily due to accelerated development at Centurion and timing of spend at Wambo Open-Cut.
- 0.8 million tons of Newcastle product and 1.3 million tons of high ash product are unpriced for Seaborne Thermal.
- Other U.S. Thermal full year costs have been increased $2 per ton to $43-$47 per ton.
- 0.4 million export tons for Seaborne Thermal are priced at approximately $120 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 Q3 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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