Peabody Energy (BTU) investor relations material

Executive summary

• Net loss attributable to common stockholders was $27.6M or $0.23 per diluted share for Q2 2025, down from $199.4M in Q2 2024, due to lower seaborne coal pricing and absence of prior year insurance recovery.

• Adjusted EBITDA was $93.3M for Q2 2025, down 70% year-over-year, reflecting lower revenues and higher costs in certain segments.

• Achieved record safety, strong cost containment, and robust PRB demand, supporting performance despite weaker pricing.

• Accelerated longwall operations at Centurion Mine, targeting startup in February 2026.

• Benefiting from new US legislation reducing royalty rates and providing tax credits, improving competitiveness.

Financial highlights

• Q2 2025 revenue was $890.1M, down 15% from $1,042.0M in Q2 2024, mainly due to lower seaborne coal prices and volumes.

• Adjusted EBITDA for the first half of 2025 was $237.3M, down 50% year-over-year.

• Cash and cash equivalents at June 30, 2025, were $585.9M, with total liquidity near $1B.

• Operating cash flow for the first half of 2025 was $143.1M, up from $126.8M in the prior year.

• Declared a $0.075 per share dividend in Q2 2025.

Outlook and guidance

• Raised full-year 2025 guidance: Seaborne Thermal volumes up 200,000 tons, PRB volumes up 5M tons, and cost-per-ton targets lowered for Seaborne Thermal, Seaborne Met, and PRB.

• Full-year CapEx reduced to $420M.

• H2 2025 expected to benefit $15–$20M from federal royalty reduction provisions.

• Q3 2025: Seaborne Thermal volume expected at 3.9M tons (2.7M export), costs $45–$50/ton; Seaborne Met volume 2.2M tons, costs $110–$120/ton.

• PRB Q3 volume expected at 23M tons, average price $13.45/ton, costs $11.00–$11.50/ton.