The earnings call highlighted strong performance in safety and increased U.S. coal demand, aided by beneficial legislation. However, challenges in the seaborne price environment and disagreements over asset acquisitions with Anglo American reflect significant hurdles. Despite the setbacks, Peabody remains optimistic with improved financial guidance and early signs of market recovery.

Company Guidance -

Q3 2025

In the Peabody Q2 2025 earnings call, the company provided updated guidance, highlighting several key metrics. Peabody raised its full-year guidance due to record safety, solid volumes, and strong cost containment. The company plans to accelerate longwall operations at the Centurion mine, targeting a start-up in February 2026, with 260 employees already hired towards a goal of 400 by early 2026. The recent passage of a U.S. bill reducing federal mining royalty rates from 12.5% to 7% is expected to save Peabody $15-20 million in the second half of 2025. Additionally, the U.S. thermal platform generated $57 million of adjusted EBITDA, and the company ended the quarter with $586 million in cash and nearly $1 billion in liquidity. For the third quarter, Peabody expects PRB volumes to increase to 23 million tons, with costs anticipated at about $11.25 per ton. The company also lowered full-year seaborne thermal cost guidance to $45-48 per ton, reflecting a $3 per ton improvement.

Record Safety Achievements

Peabody reported record safety performance, on track to beat last year's best performance in their 140-plus year history.

Increase in U.S. Coal Demand

U.S. coal fuel generation increased by 15% over the first half of 2024, with customer stockpiles down 11% year-over-year.

New U.S. Legislation Benefits

The One Big Beautiful Bill reduced federal royalty rates on mining leases from 12.5% to 7%, generating $15 million to $20 million in net benefits for Peabody in the second half of 2025.

Improved Financial Guidance

Peabody raised its full-year guidance, with PRB volumes expected to increase by 5 million tons and a reduction in full-year CapEx by $30 million to $420 million.

Early Signs of Market Recovery

Signs of an upturn in seaborne metallurgical coal markets with potential growth in demand from India and policy adjustments in China.

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)	>-0.01 / -	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.