| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.0K | 3.1% | 12.7% |
| Total Income | 1.0K | 3.1% | 12.7% |
| Expenditure | 1.1K | 8.9% | 19.4% |
| PBT | -122.90 | 196.9% | 334.3% |
| Net Profit | -90.60 | 179.6% | 228.3% |
| OPM | -10.51% | 5.96pp | 6.19pp |
| NPM | -9.03% | 5.70pp | 5.93pp |
| EPS | -0.74 | 174.1% | 221.7% |
Peabody Energy Reports Q2 2026 Results, Cites Lower Volumes and Higher Costs
29 Jul 2026 · 29 Jul, 5:21 pm
Summary
Peabody Energy reported a net loss of $(90.6) million, or $(0.74) per diluted share, for the second quarter of 2026, compared to a loss of $(27.6) million, or $(0.23) per diluted share, in the prior-year quarter. Adjusted EBITDA decreased to $24.0 million from $93.3 million year-over-year, reflecting temporarily lower volumes and higher costs across operations. Management expects improved results in the second half of the year as performance at the Centurion Mine achieves targeted production rates, fueled by strong cash generation from seaborne metallurgical and thermal segments.
Key Highlights
- 1
Peabody reported a net loss attributable to common stockholders of $(90.6) million, or $(0.74) per diluted share, for the second quarter of 2026.
- 2
Adjusted EBITDA was $24.0 million in the second quarter of 2026, a decrease from $93.3 million in the prior-year quarter.
- 3
Seaborne Thermal delivered Adjusted EBITDA of $52.1 million, realizing average prices 12.4 percent higher than the first quarter.
- 4
Seaborne Metallurgical delivered Adjusted EBITDA of $(17.0) million, with sales volume exceeding expectations.
- 5
Powder River Basin delivered Adjusted EBITDA of $(7.1) million, with sales volume falling below targeted levels due to milder weather.
- 6
Other U.S. Thermal delivered Adjusted EBITDA of $26.9 million, with sales volumes below expectations due to mild weather and rail outages.
- 7
The company completed significant longwall commissioning activities at Centurion and is targeting 1.5 to 2.0 million tons of sales in the second half of 2026.
Management Comments
Jim Grech
While second quarter results reflected temporarily lower volumes and higher costs, we are already seeing those impacts mitigate across our operations. We expect improved results in the second half of the year as performance at our flagship Centurion Mine achieves targeted production rates. We’re targeting strong cash generation for the second half of 2026, fueled by our seaborne metallurgical and thermal segments.
Mark Spurbeck
Peabody enhanced its capital structure through a series of strategic financial transactions, including an opportunistic refinancing of convertible notes, revised surety arrangements that reduced restricted cash and collateral by approximately $350 million and increased our revolving credit facility to $400 million. Together, these actions unlock shareholder value, jump start shareholder returns, lower borrowing costs and increase financial flexibility.
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