Cost Control Success
Peabody's team successfully managed costs below expectations in seaborne thermal, met coal, and U.S. thermal segments, despite market softness, contributing to the overall strong performance.
Centurion Mine Ahead of Schedule
The Centurion Mine is on budget and ahead of schedule with ramp-up of production slated for early next year. The operation is projected to have a low-cost structure and high realizations in the steelmaking coal universe.
U.S. Coal-Fired Generation Increase
Coal-fueled generation increased by 20% over the prior year, taking market share from natural gas and other energy sources, with increased demand driven by colder winter temperatures and rising electricity demand.
New Long-term Supply Agreement
Peabody signed an agreement with Associated Electric Cooperative to supply more than 50 million tons of Powder River Basin coal over a minimum of seven years, securing long-term demand.
Strong Financial Position
Peabody reported a net income of $34 million and adjusted EBITDA of $144 million in Q1 2025. The company held nearly $700 million of cash and over $1 billion of liquidity.