Peabody Energy (BTU) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 169.81%. A quarter ago, it was expected that this coal mining company would post earnings of $0.30 per share when it actually produced earnings of $0.30, delivering no surprise. Over the last four quarters, the comp ...

Financial Performance - Peabody reported net income of $199.4 million, or $1.42 per diluted share, for Q2 2024, up from $179.2 million, or $1.15 per diluted share, in Q2 2023[1]. - Adjusted EBITDA for Q2 2024 was $309.7 million, including $80.8 million from an insurance settlement, compared to $358.2 million in Q2 2023[1]. - For the quarter ended June 30, 2024, total revenue was $1,042.0 million, an increase from $983.6 million in the previous quarter[22]. - The company reported a total adjusted EBITDA of $309.7 million for the quarter, significantly higher than $160.5 million in the same quarter last year, representing an increase of approximately 92.8%[22]. - Adjusted EBITDA for June 2024 was $39.4 million, compared to $20.1 million in March 2024 and $74.2 million in June 2023[21]. Segment Performance - Seaborne Thermal segment sold 4.1 million tons in Q2 2024, with revenue per ton increasing to $74.43 from $71.24 in Q1 2024[2]. - Seaborne Metallurgical segment achieved Adjusted EBITDA of $143.6 million in Q2 2024, with tons sold increasing to 2.0 million from 1.4 million in Q1 2024[3]. - Powder River Basin segment reported Adjusted EBITDA of $17.8 million in Q2 2024, with tons sold decreasing to 15.8 million from 18.7 million in Q1 2024[5]. - Other U.S. Thermal segment delivered 3.7 million tons at costs of $45.53 per ton, resulting in Adjusted EBITDA of $35.4 million[6]. - Adjusted EBITDA for Seaborne Thermal was $104.4 million, up from $93.8 million in the previous quarter, reflecting a growth of approximately 7%[22]. - Seaborne Metallurgical adjusted EBITDA, excluding Shoal Creek insurance recovery, was $62.8 million, compared to $48.3 million in the previous quarter, marking a growth of about 30%[22]. - The Powder River Basin adjusted EBITDA was $17.8 million, slightly up from $16.4 million in the previous quarter, showing a modest increase of about 8.5%[22]. Shareholder Returns - Peabody announced an additional $100 million for share repurchases, bringing total shareholder returns to $480.1 million since the program's restart[9]. - The company declared a dividend of $0.075 per share on August 1, 2024[9]. Guidance and Projections - Full year seaborne thermal volume guidance increased to 15.7-16.2 million tons, with Q3 volume expected at 4.0 million tons[11]. - Full year volume for Seaborne Metallurgical has been lowered by 600 thousand tons to a range of 7.2-7.6 million tons due to anticipated geological challenges[12]. - Third quarter volume for Seaborne Metallurgical is expected to be 1.7 million tons, achieving 70 to 80 percent of the premium hard coking coal price index, with costs anticipated at $120-$130 per ton[12]. - Full year PRB volume has been reduced by 5 million tons to a range of 75-82 million tons[13]. - Third quarter PRB volume is expected to be 21.5 million tons at an average price of $13.75 per ton, with costs around $11.50-$12.50 per ton[13]. Cash Flow and Assets - Cash and cash equivalents as of June 30, 2024, are $621.7 million, down from $969.3 million as of December 31, 2023[19]. - Total assets as of June 30, 2024, are reported at $5,878.3 million, a decrease from $5,962.1 million as of December 31, 2023[19]. - Net cash provided by operating activities for June 2024 was $7.8 million, a decrease from $119.0 million in March 2024 and $353.4 million in June 2023[20]. - The company reported a net cash used in investing activities of $241.6 million for June 2024, compared to $75.2 million in March 2024 and $61.5 million in June 2023[20]. - The net change in cash, cash equivalents, and restricted cash at the end of the period was $1,319.7 million, down from $1,566.3 million at the beginning of the period[20]. Strategic Initiatives - Centurion project is on track, with first development coal produced and expected shipments to begin in Q4 2024[7]. - The company anticipates continued growth in market conditions for its products, with a focus on strategic investments and potential acquisitions in the future[23]. - The company plans to enhance its operational performance and shareholder return framework, reflecting its commitment to long-term growth[23].

Announced $100 Million for Additional Share Repurchases _________________________________________ Achieved First Development Coal at Centurion ST. LOUIS, Aug. 1, 2024 /PRNewswire/ -- Peabody (NYSE: BTU) today reported net income attributable to common stockholders of $199.4 million, or $1.42 per diluted share, for the second quarter of 2024, compared to $179.2 million, or $1.15 per diluted share in the prior year quarter. Peabody had Adjusted EBITDA1 of $309.7 million in the second quarter of 2024, which in ...

ST. LOUIS, Aug. 1, 2024 /PRNewswire/ -- Peabody (NYSE: BTU) announced today that its Board of Directors has declared a quarterly dividend on its common stock of $0.075 per share, payable on September 4, 2024 to stockholders of record on August 15, 2024. Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit P ...

Price, Consensus and EPS Surprise However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces. There has been increasing optimism among analysts lately about t ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on k ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 18th: Peabody Energy has a price-to-earnings ratio (P/E) of 9.60 compared with 10.80 for industry. The company possesses a Value Score of A. Learn more about the Value score and how it is calculated here. Veolia Environnement's has a price-to-earnings ratio (P/E) of 7.11 compared with 22.90 for the industry. The company possesses a Value Score of A. Telefonica has a price-to-earnings ratio (P/E) of 12. ...

ST. LOUIS, July 16, 2024 /PRNewswire/ -- On Thursday, August 1, 2024, Peabody (NYSE: BTU) will announce results for the quarter ended June 30, 2024. A conference call with management is scheduled for 10 a.m. CT on Thursday, August 1, 2024. U.S. Toll Free 1 833 816 1387 Canada Toll Free 1 866 284 3684 International Toll 1 412 317 0480 Instructions for the conference call participation and accessing a replay, as well as other investor data will be available at PeabodyEnergy.com prior to the call. Participants ...

What does that mean? Well, fossil fuels, nuclear power, even coal will likely be relevant in the years ahead. It also helps in the meantime that the Republicans have a clear shot to gaining serious political power. They're not exactly anti-hydrocarbons. With that in mind, below are high-growth energy stocks to consider. When it comes to green solutions, Chevron (NYSE:CVX) isn't exactly perched at the top of the list. However, when it comes to high-growth energy stocks, CVX deserves consideration. Sure, it's ...

Table of Contents As of March 31, 2024, the if-converted value of the 2028 Convertible Notes exceeded the principal amount by $76.3 million. As of March 31, 2024, the 2024 Credit Agreement had only been utilized for letters of credit, including $99.0 million outstanding as of March 31, 2024. These letters of credit support the Company's reclamation bonding requirements, lease obligations, insurance policies and various other performance guarantees as further described in Note 12. "Financial Instruments and ...