Peabody Energy Corporation (BTU) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to Peabody Q1 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. I would now like to turn the conference over to Vic Sweck. Please go ahead. Well, thank you, Operator, and good morning, all. Thank you for joining today to take part in Peabody's first quarter call. Remarks today will be from Peabody's President and CEO, Jim Grech, CFO, Mark Sperbeck, and Chief Marketing Officer, Malcolm Roberts. Following remarks, naturally, we will open up the call to questions. We do have some forward-looking information today, and you'll find our statement on forward-looking info in the release. We do encourage you to consider the risk factors referenced here, as well as those in our public filings with the SEC. And I'll now turn the call over to Jim. Thanks, Vic, and good morning, everyone. It's clear that Peabody has had an excellent start to the year. The platform demonstrated two significant attributes that I'll emphasize today. First, the balance and resiliency of our diversified global portfolio. And second, the ability of our team to manage to the market and control the controllables. I'll summarize some of our highlights before turning this call over to Malcolm. First of all, our Peabody team did a great job of cost control in the first quarter, coming in below our expectations for both the seaborne thermal and met coal segments. And our U.S. thermal segments came in at the low e...