Peabody Posts $90.6M Q2 Loss, Centurion Fraud Suit Filed, Shares Tumble 16%
BTU sits 48% above its 52-week low of $14.25.
Summary
Peabody Energy reported a Q2 net loss of $90.6 million ($0.74 per share) on revenue of about $1 billion, up 13% year-over-year, but adjusted EBITDA collapsed to just $24 million. Centurion mine costs and weaker U.S. thermal coal volumes drove the miss, sending shares down roughly 16% to $19.50. A class-action fraud suit was filed over alleged misleading statements about the Centurion mine, with a lead-plaintiff deadline of August 24, 2026. The company also settled a labor lockout at its Wambo CHPP, agreeing to back pay workers. This follows the July 1 operational setback disclosure at Centurion and the June 29 securities lawsuit announcement, deepening the negative narrative. Analyst targets were trimmed but remain well above the current price, suggesting potential value if operational issues stabilize.
At the time of this announcement, BTU was trading at $21.13 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.6B. 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: Wiseek News.