Quarterly ResultJul 29, 2026, 07:51 AM
Peabody Q2 Net Loss $(90.6)M; Declares $0.075 Dividend
AI Summary
Peabody Energy Corporation reported a net loss of $(90.6) million, or $(0.74) per diluted share, and Adjusted EBITDA of $24.0 million for the second quarter of 2026, reflecting temporarily lower volumes and higher costs. Despite the Q2 performance, the company declared a quarterly dividend of $0.075 per share and undertook multiple strategic financial actions, including repurchasing convertible notes and reducing collateral requirements by $350 million. Peabody expects improved results in the second half of the year, driven by increased production at its Centurion Mine and strong cash generation from its seaborne segments.
Key Highlights
- Reported Q2 2026 net loss attributable to common stockholders of $(90.6) million, or $(0.74) per diluted share.
- Achieved Q2 2026 Adjusted EBITDA of $24.0 million.
- Declared a quarterly dividend of $0.075 per share, payable September 3, 2026.
- Repurchased $241.2 million of 2028 convertible notes, effectively repurchasing 5.0 million shares.
- Reduced reclamation cash collateral requirements by approximately $350 million through revised surety arrangements.
- Increased revolving credit facility capacity to $400 million.
- Targeting 1.5 to 2.0 million tons of Centurion sales in the second half of 2026.
- Full-year 2026 Seaborne Thermal volume guidance increased by 200 thousand tons to 12.7 million tons.
Price Impact
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