NYSE$BTU
Peabody Energy Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Peabody Energy's Q4 2021 earnings were announced, revealing increased revenues and net income compared to the previous year, driven by strong market fundamentals and improved pricing realizations.
Peabody Energy reported a strong fourth quarter in 2021, marked by revenues of $1,264.6 million and a net income of $513.0 million. The company benefited from robust market conditions and strategic debt reduction.
- Revenues increased by 72% compared to the prior year, reaching $1,264.6 million.
- Net income attributable to common stockholders was $513.0 million.
- Adjusted EBITDA totaled $444.4 million, a 331% increase year-over-year.
- The company generated $426.6 million in Free Cash Flow and retired an additional $200 million of senior secured debt.
Headline financials
Revenue & EPS history
Peabody Energy · Revenue · Quarterly
$1.26B
Revenue by segment
Peabody Energy · $1.26B total across 5 segments · Q4 2021
- Seaborne Metallurgical$340M+176.4%26.9%
- Seaborne Thermal$303M+63.1%23.9%
- Powder River Basin$247M-2.7%19.5%
- Other U.S. Thermal$193M+5.4%15.3%
- Corporate and Other$182M+2240.0%14.4%
Forward guidance
Peabody anticipates increased U.S. thermal volumes and seaborne met volumes, alongside robust margins from strong prices, although higher royalties and fuel prices are expected to impact costs.
Tailwinds
- U.S. thermal volumes are expected to be higher than prior year.
- Essentially all base volumes are priced and committed.
- Seaborne thermal volumes are expected to be consistent with prior year.
- Robust margins from anticipated strong prices are expected to more than offset higher royalties and fuel prices for seaborne thermal operations.
- Seaborne met volumes are expected to increase substantially.
Headwinds
- Cost per ton are anticipated to increase compared to the prior year.
- Higher royalties and fuel prices are expected.
- Incremental costs to increase near term production.
- Realized seaborne thermal export pricing varies based on sales timing and product quality as well as optimization strategies.
- Peabody's total metallurgical sales are anticipated to price at a 15-20% discount to the premium hard-coking coal index price
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 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 |
|---|---|---|---|---|
| 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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