Peabody Energy (BTU) Jefferies Global Industrials Conference presentation summary

Financial performance and business overview

• Generated $3.9B in revenue and $455M in adjusted EBITDA in 2025, with ~5,400 employees and 3,330 acres restored.

• Maintained a record safety performance with a global incidence rate of 0.71, a 57% improvement since 2020.

• Diversified coal portfolio includes seaborne metallurgical, seaborne thermal, Powder River Basin, and other U.S. thermal segments.

• Zero net debt, strong cash position, and over $900M in liquidity as of mid-2026.

• Returned ~$810M to shareholders since 2023, representing 29% of market cap at end of 2Q26.

Market trends and macro environment

• Global coal demand is at record highs, with over 1,200 GW of new capacity in development, led by Asia.

• U.S. power load is projected to grow ~27% from 2020 to 2035, driven by AI and data centers.

• India has become the largest seaborne metallurgical coal importer, with imports up 10% last year.

• Seaborne thermal coal supply is tightening due to Indonesian export curbs and underinvestment.

• Coal remains a reliable energy source, especially during global conflicts and supply disruptions.

Segment performance and operational highlights

• Seaborne metallurgical segment sold 8.6M tons in 2025, with $120.88 revenue/ton and $6.57 adjusted EBITDA/ton.

• Seaborne thermal segment sold 15.4M tons, with $58.97 revenue/ton and $14.42 adjusted EBITDA/ton.

• Powder River Basin segment sold 84.5M tons, with $13.64 revenue/ton and $2.08 adjusted EBITDA/ton.

• Other U.S. thermal segment sold 13.4M tons, with $52.82 revenue/ton and $5.33 adjusted EBITDA/ton.

• Centurion mine approaching full run rate, with August 2026 production at 222K tons and Q4 guidance of 1M+ tons.