Peabody Energy Corporation (BTU) Earnings Call Transcripts
Peabody Energy Corporation's Latest Earnings Call - Q1 FY2026
In Q1 2026, Peabody Energy Corporation reported a net loss of $32.4 million or $0.27 per diluted share, with adjusted EBITDA of $82.5 million. The seaborne thermal segment exceeded expectations, delivering 3 million tons and benefiting from higher Asian demand, while the Centurion mine faced operational challenges that led to a reduction in full-year sales outlook from 3.5 million tons to 2.5 million tons. Management signaled a cautious but optimistic outlook for the second half of 2026, expecting a return to full production rates at Centurion and strong demand for thermal coal driven by geopolitical factors and domestic electricity needs.
Reported metrics
| Metric | Value |
|---|---|
| Net Loss | $32.4 million (miss) |
| EPS | $0.27 (miss) |
| Adjusted EBITDA | $82.5 million (beat) |
| Seaborne Thermal Volume | 3 million tons (beat) |
| Centurion Sales Outlook | 2.5 million tons (negative) |
| Realized Export Prices | $86.25 per ton (positive) |
Guidance from management
Management expects seaborne thermal volume of 3 million tons for Q2 2026, with costs projected between $57 and $62 per ton. Full-year sales outlook for Centurion has been reduced to 2.5 million tons, with costs expected to be higher due to lower production in the first half of the year.
What management said
Thanks, Mark. As we look toward the rest of the second quarter, priority 1 is continuing the positive momentum at Centurion and progressing toward our targeted production rates in a safe and productive manner. Beyond Centurion, we remain focused on delivering strong performance across the broader mining portfolio while maintaining a rigorous cost discipline. Finally, we'll continue unlocking additional value from our...
Chris, you're exactly right. You kind of answered your own question there for the PRB. Costs were higher in the first quarter a little bit, going higher in the second quarter, mainly due to diesel fuel. That's probably about a 75% impact in the second quarter, $0.50 impact over the full year. So you're right, that forward strip declines. That's the biggest change there on the PRB cost. We have lower volume. I think y...
What analysts pressed on
Analysts expressed concerns regarding the significant increase in cost guidance, particularly related to diesel prices impacting margins. There were also questions about the timing of the Centurion ramp-up and the potential for future cash flow generation amidst current stock price pressures.
Main topics on the call
- Seaborne Thermal Segment Performance — The seaborne thermal segment delivered 3 million tons, exceeding expectations by 200,000 tons, with realized export prices averaging $86.25 per ton, up more than 5% from the prior quarter. Management noted that this perf...
- Centurion Mine Challenges — The Centurion mine faced extended commissioning delays due to mechanical and electrical issues, leading to a revised full-year sales outlook of 2.5 million tons, down from 3.5 million tons. Management expressed confidenc...
- U.S. Thermal Coal Demand — U.S. thermal coal volumes remained strong, driven by robust electricity demand, with the PRB shipping 21.2 million tons, exceeding expectations. Management highlighted that 'coal is still dispatched at a decent rate' as ...
- Geopolitical Impact on Coal Pricing — Management noted that the Iran conflict and Indonesia's production cuts have tightened thermal coal fundamentals, leading to increased demand and prices. 'Recent events in the Middle East... caused a sharp re-rating of t...
Read the full Peabody Energy Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Peabody Energy Corporation
Peabody Energy Corporation (BTU) is a publicly listed company in the Oil, Gas and Consumable Fuels industry, within the Energy sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 31 calls on record spanning February 5, 2020 to July 29, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 31 Peabody Energy Corporation earnings call transcripts on record, spanning February 5, 2020 to July 29, 2026. Based on this history, Peabody Energy Corporation reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BTU
- Exchange
- NYSE
- Country
- US
- Sector
- Energy
- Industry
- Oil, Gas and Consumable Fuels
- Calls on record
- 31
- First call
- February 5, 2020
- Most recent
- July 29, 2026
- Reporting cadence
- quarterly