The earnings call highlights Peabody's strong performance in safety, cost management, and legislative benefits, with a positive outlook for U.S. markets and advancements in the Centurion project. However, challenges in the Seaborne Metallurgical segment, ongoing disputes regarding the Moranbah North mine, and difficulties in the U.S. thermal segment present notable lowlights.

Company Guidance -

Q3 2025

During the Peabody Q2 2025 earnings call, the company provided updated guidance, citing several performance metrics. Peabody's President and CEO, Jim Grech, announced an increase in full-year guidance, highlighting record safety, solid volumes, and effective cost containment in the first half of the year. The company plans to accelerate longwall operations at its Centurion coal mine, targeting a start-up in February 2026, with workforce expansion underway. The guidance reflects anticipated net benefits of $15 million to $20 million from reduced federal royalty rates in the second half of 2025, and a 2.5% production tax credit for the Shoal Creek mine starting in 2026. U.S. thermal mines generated $57 million in adjusted EBITDA in the second quarter, while PRB volumes are expected to rise significantly, with adjusted costs expected to decrease. Seaborne thermal volumes are anticipated to increase by 200,000 tons, with costs $3 per ton lower than previously guided. Overall, the company expects robust margins despite challenging market conditions.

Record Safety and Cost Management

Peabody reported record safety performance and strong cost containment, with second quarter costs coming in below expectations.

Raising Full Year Guidance

Peabody raised its full-year guidance, citing strong performance and future prospects.

Legislative Benefits

New legislation reduced federal royalty rates from 12.5% to 7%, expected to generate $15-20 million in net benefits in the second half of 2025.

U.S. Market Strength

Coal fuel generation in the U.S. increased by 15% over the first half of 2024, driven by higher natural gas prices and increased electricity demand.

Seaborne Thermal Segment Performance

The Seaborne Thermal segment recorded $33.5 million of adjusted EBITDA with 17% margins, despite a loss of 400,000 tons due to port congestion.

Improved PRB Volumes and Cost

PRB volumes exceeded expectations, and costs are expected to improve with a $0.40 per ton benefit due to lower royalty rates.

Centurion Project Advancements

The Centurion project is ahead of schedule, with longwall startup now planned for February 2026.

Peabody Energy Comm (BTU) Earnings, Revenues Date & History

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BTU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	-0.02 / -	0.74	―	―	―
Jul 31, 2025	2025 (Q2)	>-0.01 / -0.22	1.43	-115.38% (-1.65)	―
May 06, 2025	2025 (Q1)	0.05 / 0.27	0.3	-10.00% (-0.03)	―
Feb 06, 2025	2024 (Q4)	0.42 / 0.25	1.33	-81.20% (-1.08)	―
Oct 31, 2024	2024 (Q3)	0.58 / 0.74	0.8	-7.50% (-0.06)	―
Aug 01, 2024	2024 (Q2)	0.60 / 1.43	1.16	23.28% (+0.27)	―
May 02, 2024	2024 (Q1)	0.31 / 0.30	1.69	-82.25% (-1.39)	―
Feb 08, 2024	2023 (Q4)	1.40 / 1.33	3.89	-65.81% (-2.56)	―
Oct 26, 2023	2023 (Q3)	0.98 / 0.80	2.34	-65.81% (-1.54)	―
Jul 27, 2023	2023 (Q2)	1.72 / 1.16	2.55	-54.51% (-1.39)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BTU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$15.36	$16.08	+4.69%
May 06, 2025	$13.40	$14.68	+9.55%
Feb 06, 2025	$17.73	$16.12	-9.08%
Oct 31, 2024	$24.28	$25.84	+6.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.