The earnings call conveyed a strong performance across Peabody's segments with significant achievements in financial metrics, operational progress, and safety recognitions. However, challenges such as the accelerated closure of the Wambo underground mine and market conditions affecting the seaborne metallurgical segment were also highlighted.

Company Guidance

During the Peabody Energy Q3 2024 earnings call, the company provided several key metrics reflecting their operational and financial guidance. Peabody achieved $101.3 million in net income attributable to common stockholders, with a diluted EPS of $0.74. Adjusted EBITDA for the quarter was reported at $224.8 million, with operating cash flow reaching $360 million, leading to $263.2 million in available free cash flow. The company completed $100 million in share repurchases, totaling $180 million for the year, reflecting their commitment to shareholder value. In terms of production, the seaborne thermal segment recorded $120 million in adjusted EBITDA, with costs below guidance at $47 per tonne. The seaborne metallurgical segment generated $28 million in adjusted EBITDA, with volumes expected to increase significantly in Q4. U.S. thermal operations shipped 26.1 million tonnes, generating $80 million in adjusted EBITDA with PRB shipments at 22.1 million tonnes. Full-year guidance adjustments include a $50 million increase in capital expenditure, primarily due to accelerated development at the Centurion project and additional spend at Wambo. Looking ahead to Q4, Peabody anticipates continued strong performance with seaborne thermal volumes at 4.1 million tonnes and seaborne metallurgical volumes at 2.3 million tonnes, alongside steady U.S. thermal shipments.

Solid Performance Across Segments

Peabody achieved solid performance across all segments, with notable results in seaborne thermal and U.S. thermal segments. Completed $100 million in share repurchases during the quarter, totaling $180 million for the year.

Successful Progress at Centurion

Significant progress towards starting longwall production in Q1 2026, with first development coal produced and 2 continuous mining units commissioned.

Strong Seaborne Thermal Performance

Seaborne thermal demand grew with stable pricing. Higher-than-expected export volumes shipped on strong production from Wilpinjong.

U.S. Thermal Segment Growth

U.S. thermal operations generated $80 million of adjusted EBITDA, $27 million better than Q2. PRB shipments exceeded expectations with improved rail performance.

Strong Financial Results

Peabody recorded net income of $101.3 million and adjusted EBITDA of $224.8 million. Operating cash flow was $360 million, leading to available free cash flow of $263.2 million.

Recognition for Safety Achievements

Shoal Creek and Segundo operations received the Sentinels of Safety Award for outstanding safety performance. Metropolitan and Wilpinjong mines recognized for safety achievements at the New South Wales Mining Health, Safety and Community awards.

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Peabody Energy Comm (BTU) Earnings, Revenues Date & History

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BTU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 06, 2025	2024 (Q4)	0.52 / -	1.33	―	―	―
Oct 31, 2024	2024 (Q3)	0.58 / 0.74	0.8	-7.50% (-0.06)	―
Aug 01, 2024	2024 (Q2)	0.60 / 1.43	1.16	23.28% (+0.27)	―
May 02, 2024	2024 (Q1)	0.31 / 0.30	1.69	-82.25% (-1.39)	―
Feb 08, 2024	2023 (Q4)	1.40 / 1.33	3.89	-65.81% (-2.56)	―
Oct 26, 2023	2023 (Q3)	0.98 / 0.80	2.34	-65.81% (-1.54)	―
Jul 27, 2023	2023 (Q2)	1.72 / 1.16	2.55	-54.51% (-1.39)	―
Apr 27, 2023	2023 (Q1)	1.39 / 1.69	-0.87	294.25% (+2.56)	―
Feb 14, 2023	2022 (Q4)	2.16 / 3.89	3.9	-0.26% (>-0.01)	―
Nov 03, 2022	2022 (Q3)	1.79 / 2.34	-0.6	490.00% (+2.94)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BTU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$24.62	$26.20	+6.42%
Aug 01, 2024	$22.07	$22.47	+1.81%
May 02, 2024	$21.24	$21.34	+0.47%
Feb 08, 2024	$25.60	$25.65	+0.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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