Peabody Reports Results For Quarter Ended September 30, 2025

About this update from Peabody Energy Corporation

Adjusted EBITDA Rises from Q2 On Higher PRB and Seaborne Thermal Volumes, Lower Metallurgical Costs Improving Q4 Targets for Seaborne Met, Seaborne Thermal and PRB Centurion Mine Longwall Maintains Accelerated Start of February 2026 ST. LOUIS , Oct. 30, 2025 /PRNewswire/ -- Peabody (NYSE: BTU) today reported net income attributable to common stockholders of $(70.1) million, including $54.0 million of Costs Related to Terminated Acquisition, or $(0.58) per diluted share, for the third quarter of 2025, compared to $101.3 million, or $0.74 per diluted share, in the prior-year quarter. Peabody had Adjusted EBITDA 1  of $99.5 million in the third quarter of 2025 compared to $224.8 million in the prior-year quarter. "Peabody's operations turned in another solid performance, highlighted by rising Powder River Basin shipments, better-than-anticipated seaborne thermal coal volumes and the lowest metallurgical coal costs in multiple years," said President and Chief Executive Officer Jim Grech. "Peabody's positive results occur against a backdrop of outstanding U.S. thermal coal fundamentals and seaborne markets that have stabilized along the lower end of the pricing cycle." Highlights Third Quarter Segment Performance Seaborne Thermal delivered Adjusted EBITDA of $41.0 million in the third quarter, driven by a recovery of shipments ahead of company expectations. Sales volumes increased by 500,000 tons quarter-over-quarter, as shipping queues in Newcastle normalized after unfavorable second quarter conditions. Costs per ton remained in line with company targets. Despite ongoing pricing pressure, the segment achieved an Adjusted EBITDA margin of 17 percent, demonstrating the benefits of the low-cost platform. Seaborne Metallurgical revenue per ton grew by 6 percent quarter-over-quarter amid stable benchmark pricing, driven by a higher product quality mix, including 210,000 tons of Centurion coal. Costs were nearly $2 per ton below the low end of targets on strong production, improving more than $10 per ton from the previous quarter. The segment reported Adjusted EBITDA of $27.8 million in the third quarter. Powder River Basin Adjusted EBITDA totaled $51.7 million, a 20 percent increase over the prior quarter, driven by both higher volumes and costs per ton that were at the low end of targeted ranges. Strong PRB coal demand has driven year-to-date shipments up 10 percent, while lower costs have expanded margins resulting in a 53 percent increase in Adjusted EBITDA over the prior year. Other U.S. Thermal Adjusted EBITDA totaled $6.9 million for the quarter. Costs came in modestly above the higher end of target due to an unexpected five-week dragline outage at Bear Run, which has been repaired and placed back into service. The company also completed the planned longwall move at Twentymile, with operations in the new longwall panel restarted in late-October. ----------- Balance Sheet/Liquidity Peabody generated $122 million of operating cash flow in the third quarter. At Sept. 30, 2025, the company had $603.3 million of cash and total liquidity exceeded $950 million. "Peabody has maintained its balance sheet resilience and shareholder return program while completing over $680 million of investments to develop and expand Centurion, which will dramatically increase our operating leverage to the premium hard coking coal segment of the metallurgical market," said Executive Vice President and Chief Financial Officer Mark Spurbeck. "Peabody's substantial liquidity and cash-positive net-debt position ensures protection against short-term market volatility while allowing the full benefit of substantial free cash flow in better pricing environments to fully accrue to our shareholders." Outlook "Looking ahead, we are strengthening our full-year 2025 targets for seaborne met, seaborne thermal and PRB segments, and we are now in our last quarter before Centurion Mine begins longwall operations – a transformative change that will improve our metallurgical coal volumes and realizations," said Mr. Grech. "We also expect to benefit from multiple trends driving U.S. markets, including compelling growth from AI and data centers, coal's increasing share of U.S. electricity mix and favorable Trump Administration coal policies." Fourth Quarter 2025 Seaborne Thermal Seaborne Metallurgical U.S. Thermal Today's earnings call is scheduled for 10 a.m. CT and can be accessed via the company's website at PeabodyEnergy.com. Peabody (NYSE: BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com. Contact: Vic Svec / Kala Finklang Email: [email protected]   Certain forward-looking measures and metrics presented are non-GAAP financial and operating/statistical measures. Due to the volatility and variability of certain items needed to reconcile these measures to their nearest GAAP measure, no reconciliation can be provided without unreasonable cost or effort.         Forward-Looking Statements This press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's or the Board's current expectations or predictions of future conditions, events, or results. All statements that address operating performance, events, or developments that may occur in the future are forward-looking statements, including statements regarding the shareholder return framework, execution of the Company's operating plans, market conditions for the Company's products, reclamation obligations, financial outlook, potential acquisitions and strategic investments, and liquidity requirements. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive, and regulatory factors, many of which are beyond Peabody's control, that are described in Peabody's periodic reports filed with the SEC including its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024, its Quarterly Report on Form 10-Q for the quarter ended Mar. 31, 2025 and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody's website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.     View original content to download multimedia: https://www.prnewswire.com/news-releases/peabody-reports-results-for-quarter-ended-september-30-2025-302599049.html

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