Peabody Energy Swings to a $90.6M Q2 Loss and Lowers Centurion Mine Targets

summarizeSummary

A $90.6M Q2 2026 net loss and a reduced Centurion mine production outlook signal ongoing operational challenges for Peabody Energy.

check_boxKey Events · Earnings and Guidance · BTU

• Q2 Net Loss of $90.6M

  The net loss attributable to common stockholders reached $90.6 million, or $0.74 per diluted share, compared with a $27.6 million loss in Q2 2025. Adjusted EBITDA fell sharply to $24.0 million from $93.3 million.

• Centurion Mine Outlook Cut

  Full-year sales from Centurion are now expected at 2.0–2.5 million tons, as commissioning delays, roof control issues, and higher contract labor drive up costs. The Seaborne Metallurgical segment recorded an Adjusted EBITDA loss of $17.0 million.

• Seaborne Thermal Pricing Improves

  Adjusted EBITDA in the Seaborne Thermal segment rose to $52.1 million, helped by a 12.4% quarter-over-quarter increase in realized pricing, though costs remained elevated.

• Quarterly Dividend Declared

  A quarterly dividend of $0.075 per share was declared, payable on September 3, 2026 to shareholders of record as of August 12, 2026.

auto_awesomeAnalysis · BTU · Energy & Transportation

A sharp Q2 2026 net loss of $90.6 million, or $0.74 per share, underscores the operational setbacks at Peabody Energy, where commissioning delays and rising costs at the flagship Centurion metallurgical coal mine took a heavy toll. Adjusted EBITDA plunged to $24 million from $93.3 million a year earlier. In response, the company cut Centurion's full-year sales target to 2.0–2.5 million tons and raised cost guidance for the seaborne met segment. While seaborne thermal pricing showed improvement, the results highlight significant headwinds. The board declared a $0.075 quarterly dividend, but the immediate priority remains stabilizing Centurion production and reining in elevated costs.