Peabody Energy (BTU) investor relations material

Executive summary

• Delivered key accomplishments in Q2 2026, including progress at Centurion Mine and strategic financial actions such as convertible note issuance, note repurchases, and reduced reclamation collateral requirements.

• Maintained strong safety focus and improved operational momentum exiting the quarter.

• Faced near-term operating and cost challenges, especially in U.S. thermal and Centurion commissioning.

• Advanced rare earth and critical minerals initiatives, receiving a DOE grant for Powder River Basin projects.

Financial highlights

• Reported net loss attributable to common stockholders of $90.6 million, or $0.74 per diluted share, compared to a net loss of $27.6 million ($0.23 per diluted share) in Q2 2025.

• Adjusted EBITDA was $24 million for the quarter, down from $93.3 million year-over-year.

• Q2 2026 revenue was $1,003.2 million, up from $890.1 million in Q2 2025.

• Seaborne thermal segment generated over $52 million of adjusted EBITDA with a 23% margin.

• Year-to-date available free cash flow totaled $145.3 million.

Outlook and guidance

• Targeting 1.5–2 million tons of Centurion sales in H2 2026, with 500,000–700,000 tons in Q3.

• Seaborne thermal Q3 volume expected at 3.0 million tons, costs improving to $52–$57/ton.

• Seaborne metallurgical Q3 volume forecast at 1.9–2.1 million tons, costs to improve by $20/ton, expected at $130–$140/ton.

• PRB shipments anticipated at 22 million tons in Q3 at $12/ton, with other U.S. thermal at 3.7 million tons.

• Expectation for stronger second half and continued execution of shareholder return program.