$BTU

PEABODY ENERGY CORP

CIK:0001064728|SEC Filings

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 1,003.2	$ 890.1	$ 1,976.5	$ 1,827.1
Costs and expenses
Operating costs and expenses (exclusive of items shown separately below)	953.9	789.4	1,818.6	1,559.6
Depreciation, depletion and amortization	107.5	93.4	217.0	185.5
Asset retirement obligation expenses	13.8	13.8	27.4	27.4
Selling and administrative expenses	23.3	23.5	54.9	47.1
Restructuring charges	2.3	3.5	3.4	5.2
Costs related to terminated acquisition	2.3	18.8	5.3	21.2
Other Operating Income Loss [Abstract]
Net gain on disposals	(4.4)	(14.8)	(16.1)	(20.0)
Loss from equity affiliates	9.9	0.9	15.6	7.6
Operating loss	(105.4)	(38.4)	(149.6)	(6.5)
Interest Expense, Operating and Nonoperating	12.7	11.1	23.4	22.6
Induced Conversion of Convertible Debt Expense	17.2	0.0	17.2	0.0
Interest income	(12.1)	(13.8)	(25.2)	(29.2)
Net periodic benefit credit, excluding service cost	(0.3)	(7.4)	(0.7)	(14.8)
(Loss) income from continuing operations before income taxes	(122.9)	(28.3)	(164.3)	14.9
Income tax (benefit) provision	(37.0)	(2.7)	(53.0)	2.2
(Loss) income from continuing operations, net of income taxes	(85.9)	(25.6)	(111.3)	12.7
Loss from discontinued operations, net of income taxes	(0.3)	(0.4)	(0.5)	(0.7)
Net (loss) income	(86.2)	(26.0)	(111.8)	12.0
Less: Net income attributable to noncontrolling interests	4.4	1.6	11.2	5.2
Net (loss) income attributable to common stockholders	$ (90.6)	$ (27.6)	$ (123.0)	$ 6.8
(Loss) income from continuing operations:
Basic (loss) income per share	$ (0.74)	$ (0.22)	$ (1.00)	$ 0.06
Diluted (loss) income per share	(0.74)	(0.22)	(1.00)	0.06
Net (loss) income attributable to common stockholders:
Basic (loss) income per share	(0.74)	(0.23)	(1.01)	0.06
Diluted (loss) income per share	$ (0.74)	$ (0.23)	$ (1.01)	$ 0.06

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities
Net (loss) income	$ (86.2)	$ (26.0)	$ (111.8)	$ 12.0
Loss from discontinued operations, net of income taxes	0.3	0.4	0.5	0.7
(Loss) income from continuing operations, net of income taxes	(85.9)	(25.6)	(111.3)	12.7
Adjustments to reconcile (loss) income from continuing operations, net of income taxes to net cash provided by operating activities:
Depreciation, depletion and amortization	107.5	93.4	217.0	185.5
Noncash interest expense, net	1.4	1.7	2.8	3.3
Deferred income taxes			(67.5)	(2.4)
Noncash share-based compensation			8.6	5.3
Net gain on disposals	(4.4)	(14.8)	(16.1)	(20.0)
Loss from equity affiliates	9.9	0.9	15.6	7.6
Induced Conversion of Convertible Debt Expense	17.2	0.0	17.2	0.0
Unrealized losses (gains) on foreign currency option contracts			3.6	(8.4)
Changes in current assets and liabilities:
Accounts receivable			(1.5)	51.3
Inventories			(57.1)	(24.2)
Other current assets			(38.5)	23.7
Accounts payable and accrued expenses			(7.4)	(60.2)
Collateral arrangements			75.8	(5.3)
Asset retirement obligations			(0.4)	5.0
Workers’ compensation obligations			(0.5)	0.0
Postretirement benefit obligations			(6.9)	(22.9)
Pension obligations			0.1	(4.9)
Other, net			(3.6)	(1.8)
Net cash provided by continuing operations			29.9	144.3
Net cash used in discontinued operations			(1.3)	(1.2)
Net cash provided by operating activities			28.6	143.1
Cash Flows From Investing Activities
Additions to property, plant, equipment and mine development			(143.8)	(164.6)
Changes in accrued expenses related to capital expenditures			(38.6)	(42.0)
Proceeds from disposal of assets, net of receivables			5.4	12.5
Contributions to joint ventures			(337.7)	(291.3)
Distributions from joint ventures			333.7	306.7
Other, net			(3.1)	(2.0)
Net cash used in investing activities			(184.1)	(180.7)
Cash Flows From Financing Activities
Proceeds from Issuance of Long-Term Debt			360.0	0.0
Repayments of long-term debt			(501.7)	(7.6)
Payment of debt issuance and other deferred financing costs			(14.3)	(1.8)
Payment of Capped Call Transactions	(16.7)	0.0	(16.7)
Share Repurchase Program, Excise Tax, Paid			0.0	(1.7)
Repurchase of employee common stock relinquished for tax withholding			(3.3)	(0.8)
Dividends paid			(18.3)	(18.3)
Distributions to noncontrolling interests			(7.7)	(14.7)
Net cash used in financing activities			(202.0)	(44.9)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Beginning Balance			1,284.5	1,382.6
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Ending Balance	927.0	$ 1,300.1	927.0	1,300.1
Cash and cash equivalents	526.3		526.3
Restricted Cash	$ 400.7		400.7
Net change in cash, cash equivalents and restricted cash			$ (357.5)	$ (82.5)

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 526.3	$ 575.3
Accounts receivable, net of allowance for credit losses of $0.0 at June 30, 2026 and December 31, 2025	328.8	314.9
Inventories, net	440.3	383.2
Other current assets	324.2	285.4
Total current assets	1,619.6	1,558.8
Property, plant, equipment and mine development, net	3,081.9	3,153.3
Operating lease right-of-use assets	119.5	121.2
Restricted cash and collateral	459.8	844.1
Investments and other assets	124.9	127.6
Deferred income taxes	43.4	2.2
Total assets	5,449.1	5,807.2
Current liabilities
Current portion of long-term debt	13.5	15.2
Accounts payable and accrued expenses	792.7	827.0
Total current liabilities	806.2	842.2
Long-term debt, less current portion	325.5	321.2
Deferred income taxes	0.0	26.3
Asset retirement obligations, less current portion	692.4	692.8
Accrued postretirement benefit costs	108.0	109.2
Operating lease liabilities, less current portion	85.9	87.5
Other noncurrent liabilities	133.2	145.8
Total liabilities	2,151.2	2,225.0
Stockholders’ equity
Preferred Stock — $0.01 per share par value; 100.0 shares authorized, no shares issued or outstanding as of June 30, 2026 or December 31, 2025	0.0	0.0
Series Common Stock — $0.01 per share par value; 50.0 shares authorized, no shares issued or outstanding as of June 30, 2026 or December 31, 2025	0.0	0.0
Common Stock — $0.01 per share par value; 450.0 shares authorized, 189.7 shares issued and 121.9 shares outstanding as of June 30, 2026 and 189.3 shares issued and 121.6 shares outstanding as of December 31, 2025	1.9	1.9
Additional paid-in capital	3,865.8	4,004.8
Treasury stock, at cost — 67.8 and 67.7 common shares as of June 30, 2026 and December 31, 2025	(1,930.6)	(1,927.3)
Retained earnings	1,214.4	1,355.9
Accumulated other comprehensive income	97.1	101.1
Peabody Energy Corporation stockholders’ equity	3,248.6	3,536.4
Noncontrolling interests	49.3	45.8
Total stockholders’ equity	3,297.9	3,582.2
Total liabilities and stockholders’ equity	$ 5,449.1	$ 5,807.2
Treasury Stock, Common
Stockholders’ equity
Treasury stock, shares (in shares)	67,800,000	67,700,000