Peabody Energy Corporation (BTU) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and welcome to the Peabody Energy Corporation Q1 2026 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist for pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you press star, then one in your telephone keypad. To evaluate a question, please press star, then two. Please note, this event is being recorded. Now I'd like to turn the conference over to Kaylee Fink-Lang. Please go ahead. Thanks, Operator, and good morning, everyone. We appreciate you joining us for Peabody's first quarter 2026 earnings call. Joining me today are Peabody's President and CEO, Jim Grech, Chief Financial Officer, Mark Sperbeck, and Chief Commercial Officer, Malcolm Roberts. After our prepared remarks, we will open up the call for questions. Before we begin, I want to remind you that our remarks today will include forward-looking statements. Please review the full statement contained in our earnings release and consider the risk factors referenced there, along with our filings with the SEC. I'll now turn the call over to Jim. Thanks, Kayla, and good morning, everyone. Seabuddy's first quarter was marked by a number of accomplishments amid a positive time for both thermal and metallurgical coal markets. We delivered better than expected volumes, pricing and costs in our seaborne thermal segment, supported by sharply higher global LNG prices in March. Our U.S. thermal coal volumes continued at a strong pace, driven by continued strong electricity demand. And across our seaborne met portfolio, operations performed in line with expectations, with the notable exception of Centurion. Focusing on our top priority, Centurion...