PEABODY ENERGY CORP

Peabody Energy Corporation provided an update on its Centurion Mine during a site tour and investor presentation. The company highlighted the mine's strong financial potential, including a Net Present Value of $2.1 billion and an implied annual Adjusted EBITDA of $423 million based on a long-term PHCC price of $225/tonne. Centurion is ramping up to full longwall production, targeting 2.0-2.5 million tons in sales for FY26, and is positioned to supply India's growing metallurgical coal market.

Peabody Energy reported a net loss attributable to common stockholders of $(90.6) million for Q2 2026, a significant increase from $(27.6) million in Q2 2025. Revenue for the quarter increased to $1,003.2 million from $890.1 million year-over-year. For the first six months of 2026, the company posted a net loss of $(123.0) million, compared to a net income of $6.8 million in the prior year period. The company also issued $250.0 million in 2031 Convertible Notes and used the proceeds to repurchase $241.2 million of its 2028 Convertible Notes, resulting in a $17.2 million induced conversion expense.

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.

Peabody Energy Corporation amended its Credit Agreement on June 30, 2026, significantly enhancing its financial flexibility. The amendment increased the revolving commitments from $320 million to $400 million and extended the maturity date by over two years, from January 18, 2028, to June 30, 2030. Furthermore, the interest rate applicable to the revolving loans was decreased, providing more favorable borrowing terms for the company.

Peabody Energy Corp. announced the establishment of new Australian Dollar-denominated surety bond facilities totaling A$700 million with Liberty Mutual Insurance Company and Swiss Re International SE. These facilities are intended to replace existing cash collateralized programs for Australian reclamation bonding and mature on June 12, 2031. Concurrently, the company terminated its prior Transaction Support Agreement and related security agreement, which is expected to reduce collateral requirements. An amendment to its revolving credit facility was also made to accommodate these new arrangements.

Peabody Energy Corporation completed a private offering of $250 million aggregate principal amount of 0.50% Convertible Senior Notes due 2031. The net proceeds of approximately $243.3 million will be used to fund Capped Call Transactions and, along with available cash, to repurchase $241.2 million of its outstanding 3.250% Convertible Senior Notes due 2028 for a total cash purchase price of approximately $388.8 million. The new notes are senior unsecured obligations, mature on June 1, 2031, and are convertible under specific conditions.

Peabody Energy Corporation announced the pricing of its private offering of $225 million aggregate principal amount of 0.50% convertible senior notes due 2031. The notes will mature on June 1, 2031, with an initial conversion price of approximately $38.32 per share, representing a 32.5% premium over the current stock price. Peabody intends to use approximately $15.0 million of the net proceeds to fund capped call transactions and, along with available cash, repurchase approximately $241.2 million of its outstanding 3.250% Convertible Senior Notes due 2028 for about $388.8 million.

Peabody Energy Corporation announced its intention to offer $225 million aggregate principal amount of Convertible Senior Notes due 2031 in a private offering to qualified institutional buyers. The company also expects to grant initial purchasers an option for an additional $25 million. Proceeds will be used to fund capped call transactions, repurchase a portion of its outstanding 3.250% Convertible Senior Notes due 2028, and for general corporate purposes. The notes will be senior, unsecured obligations maturing on June 1, 2031, with conversion rights.

Peabody Energy Corporation announced that Joe W. Laymon resigned from its Board of Directors, effective May 20, 2026, due to personal health reasons. He also stepped down from his positions on the Compensation Committee and Nominating and Corporate Governance Committee. The company clarified that his resignation was not a result of any disagreement with its operations, policies, or practices.

Peabody Energy Corporation announced its participation in the B. Riley Investor Conference, where it will present an overview of its strategic focus, business developments, and recent trends. The company highlighted a strong 2025 performance with $3.9 billion in revenue and $455 million in Adjusted EBITDA, alongside record safety and environmental achievements. Peabody also detailed significant improvements in its financial metrics, including a 91% increase in cash and a 74% reduction in debt from March 2020 to March 2026, while outlining positive outlooks for its metallurgical and thermal coal segments, rare earth initiatives, and U.S. thermal coal exports.