NYSE$BTU
Peabody Energy Corporation · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Peabody Energy reported a net loss attributable to common stockholders of $129.2 million and revenues of $737.2 million for Q4 2020.
Peabody Energy reported Q4 2020 revenues of $737.2 million, a net loss attributable to common stockholders of $129.2 million, and Adjusted EBITDA of $103.2 million. The company faced challenges due to the COVID-19 pandemic, but lowered costs per ton in three out of four segments and created a leaner corporate structure.
- Q4 2020 revenues reached $737.2 million.
- Net loss attributable to common stockholders was $129.2 million.
- Adjusted EBITDA amounted to $103.2 million.
- The company lowered costs per ton in three out of four segments.
Headline financials
Revenue & EPS history
Peabody Energy · Revenue · Quarterly
$737M
Revenue by segment
Peabody Energy · $737M total across 5 segments · Q4 2020
- Powder River Basin$254M-21.9%34.4%
- Seaborne Thermal$186M-26.0%25.2%
- Other U.S. Thermal$183M-45.9%24.9%
- Seaborne Metallurgical$123M-39.0%16.7%
- Corporate and Other-$8.5M-808.3%-1.2%
Forward guidance
Peabody anticipates U.S. thermal coal deliveries to be dependent on economic conditions, weather, and natural gas prices. PRB volumes are expected to be in line with 2020, while other U.S. thermal shipments are planned to decline modestly. Seaborne thermal volumes are expected to increase slightly. Seaborne met shipments are expected to be modestly lower than 2020.
Tailwinds
- PRB volumes expected to be in line with 2020 shipments, with about 80% of 2021 tons currently priced at an average of $10.82 per ton.
- Other U.S. thermal shipments are planned to decline modestly from 2020 levels, with approximately 16 million tons priced at an average of approximately $37.50 per ton.
- United Wambo JV began joint production from the open-cut mine, enabling continued production of a high-quality seaborne thermal product.
- Wilpinjong export volumes are expected to be largely in line with 2020 levels, while Wambo underground improves modestly.
- SG&A expense is expected to be further reduced to $90 million.
Headwinds
- U.S. thermal coal deliveries are largely dependent on general economic conditions, weather, natural gas prices and utility inventory levels.
- Other U.S. thermal shipments are planned to decline modestly from 2020 levels.
- Peabody anticipates a slight increase in seaborne thermal costs from 2020 given lower volumes and higher expected royalties.
- 2021 seaborne met shipments are expected to be modestly lower than 2020 volumes due to the timing of restarts, partly offset by slightly higher CMJV shipments.
- First quarter 2021 results are expected to be lower compared to the fourth quarter of 2020 given reduced volumes across all segments.
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 Q4 2020
-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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