Peabody Energy Q2 Revenue and EBITDA Miss Estimates on Weak Volumes, Higher Costs
BTU sits 51% above its 52-week low of $14.25.
Summary
Peabody Energy reported a significant Q2 miss, with revenue of $1.003B and Adjusted EBITDA of just $24M, far below the $57.58M consensus. The $90.6M net loss was driven by lower volumes and higher costs, particularly at the Centurion mine. This follows a string of operational setbacks, including the Centurion commissioning delays and a securities class action lawsuit. The company cut its Centurion sales target to 2.0–2.5M tons for 2026, while raising Powder River Basin costs by $0.25/ton. The only bright spot was higher seaborne thermal prices, but it wasn't enough to offset the operational drag. With the stock already under pressure, this earnings miss reinforces the bearish narrative and raises questions about management's ability to execute.
At the time of this announcement, BTU was trading at $21.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $14.25 to $41.14. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.