Peabody Energy (NYSE:BTU – Get Free Report) announced its earnings results on Wednesday. The coal producer reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.43), Briefing.com reports. Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned ($0.23) earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year.
Here are the key takeaways from Peabody Energy’s conference call:
- Second-quarter results were weak: Peabody reported a $90.6 million net loss attributable to common stockholders and $24 million of adjusted EBITDA, pressured by lower U.S. thermal volumes, elevated fuel costs and commissioning expenses at Centurion.
- Centurion is moving into production mode: Shield realignment issues have been resolved, the longwall is operating, and management targets 1.5–2.0 million tons of sales in the second half, including 500,000–700,000 tons in the third quarter. Costs are expected to improve as production becomes more consistent.
- Coal market fundamentals remained supportive: Second-quarter premium hard coking coal prices averaged $238 per ton and Newcastle thermal coal averaged $137 per ton, with supply disruptions in China and Indonesia supporting seaborne pricing and demand.
- Financial flexibility and shareholder returns improved: Peabody reduced interest expense, repurchased the economic equivalent of more than 5 million shares through a convertible-note transaction, unlocked $350 million of restricted cash and collateral, and extended and expanded its credit facility.
- Management expects a stronger second half: Third-quarter guidance calls for higher PRB shipments of 22 million tons at approximately $12 per ton, improved seaborne metallurgical costs of $130–$140 per ton, and continued execution of the shareholder-return program. Rare-earth and germanium initiatives also provide longer-term, capital-light growth optionality.
Peabody Energy Price Performance
NYSE BTU traded up $0.62 during mid-day trading on Thursday, hitting $21.44. The stock had a trading volume of 788,292 shares, compared to its average volume of 3,304,313. The company has a 50 day simple moving average of $24.80 and a 200 day simple moving average of $29.60. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -21.58 and a beta of 0.38. Peabody Energy has a 52-week low of $14.25 and a 52-week high of $41.14. The company has a quick ratio of 1.37, a current ratio of 1.87 and a debt-to-equity ratio of 0.09.
Peabody Energy Announces Dividend
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on BTU shares. Zacks Research raised Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings downgraded Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. UBS Group decreased their price objective on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, B. Riley Financial lowered shares of Peabody Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $42.00 to $30.00 in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.12.
View Our Latest Research Report on BTU
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Maryland State Retirement & Pension System boosted its position in shares of Peabody Energy by 2.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 17,838 shares of the coal producer’s stock worth $530,000 after buying an additional 357 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Peabody Energy by 24.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,103 shares of the coal producer’s stock worth $93,000 after acquiring an additional 616 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Peabody Energy by 1.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock valued at $985,000 after purchasing an additional 700 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Peabody Energy by 1.0% in the fourth quarter. State of Wisconsin Investment Board now owns 89,578 shares of the coal producer’s stock valued at $2,660,000 after purchasing an additional 895 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Peabody Energy by 1.2% in the third quarter. CANADA LIFE ASSURANCE Co now owns 97,286 shares of the coal producer’s stock valued at $2,611,000 after purchasing an additional 1,114 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.
Key Peabody Energy News
Here are the key news stories impacting Peabody Energy this week:
- Positive Sentiment: Management said the Centurion metallurgical coal mine in Queensland is advancing toward targeted production rates. A gradual ramp-up toward approximately 4.7 million tons annually could materially improve Peabody’s seaborne metallurgical coal earnings in the second half of 2026. Peabody Energy: Slow Ramp-Up Of Centurion, But H2 Should Show Material Improvements
- Positive Sentiment: Peabody declared a quarterly dividend of $0.075 per share, payable September 3 to shareholders of record August 12. The payment signals continued capital returns, although the annualized yield is modest at about 1.4%. Peabody Board Declares Dividend on Common Stock
- Neutral Sentiment: Revenue reached approximately $1.0 billion, up 12.7% year over year and broadly near expectations. Higher seaborne thermal coal pricing and strategic financial actions supported the quarter, but these positives were outweighed by weaker profitability. Peabody Reports Results for the Quarter Ended June 30, 2026
- Negative Sentiment: Peabody reported a second-quarter loss of $0.74 per share, substantially worse than the expected $0.31 loss and wider than the $0.23 loss a year earlier. The result prompted a gap-down in the stock and reflects the slow Centurion ramp-up and lower expected metallurgical coal volumes. Peabody Energy Shares Gap Down Following Weak Earnings
- Negative Sentiment: Several law firms are promoting a securities class action alleging that Peabody misled investors about Centurion’s equipment problems, operational status, and production outlook. The August 24, 2026 lead-plaintiff deadline adds legal and reputational overhang, though the allegations have not been proven. BTU Shareholder Alert
About Peabody Energy
Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.
Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.
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