| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.0K | 13.7% | 7.0% |
| Total Income | 1.0K | 13.7% | 7.0% |
| Expenditure | 1.1K | 17.8% | 13.0% |
| PBT | -70.00 | 147.3% | 150.7% |
| Net Profit | -70.10 | 154.0% | 169.2% |
| OPM | -8.04% | 3.73pp | 19.08pp |
| NPM | -6.93% | 3.82pp | 16.24pp |
| EPS | -0.58 | 152.2% | 171.6% |
Peabody Reports Q3 2025 Adjusted EBITDA of $99.5 Million
04 May 2026 · 4 May, 8:28 am
Summary
Peabody Energy Corporation reported net income attributable to common stockholders of $(70.1) million, or $(0.58) per diluted share, for the third quarter of 2025. Adjusted EBITDA was $99.5 million in the third quarter of 2025 compared to $224.8 million in the prior-year quarter. The company's operations showed solid performance, with rising Powder River Basin shipments, better-than-anticipated seaborne thermal coal volumes, and the lowest metallurgical coal costs in multiple years. Peabody is strengthening its full-year 2025 targets for seaborne met, seaborne thermal and PRB segments, and expects Centurion Mine to begin longwall operations.
Key Highlights
- 1
Peabody reported a third quarter Adjusted EBITDA of $99.5 million, driven by a 14 percent increase in revenues over the second quarter.
- 2
Seaborne Thermal delivered Adjusted EBITDA of $41.0 million in the third quarter, driven by a recovery of shipments ahead of company expectations.
- 3
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.
- 4
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.
- 5
The company declared a $0.075 per share dividend on common stock on Oct. 30, 2025.
- 6
Centurion development is progressing on plan and remains on schedule for the accelerated startup of longwall production in February 2026; the mine shipped 210,000 tons during the third quarter.
Management Comments
Jim Grech
“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.” “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.”
Mark Spurbeck
“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.”
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