Peabody Energy Q3 revenue beats on stronger export coal prices
Overview
U.S. coal producer's Q3 revenue rose and beat analyst expectations
Adjusted EBITDA for Q3 missed analyst expectations
Company repurchased $38.9 mln of convertible notes, reducing share count
Outlook
Company expects Q4 seaborne thermal volume of 3.6–3.8 mln tons, costs $46–$51/ton
Company raised 2026 seaborne thermal export volume guidance by 0.2 mln tons
Company lowered 2026 seaborne metallurgical volume guidance by 0.6 mln tons, costs up $15/ton
Result Drivers
SEABORNE THERMAL PRICING - Higher export prices drove margin expansion and improved segment results
METALLURGICAL RECOVERY - Improved realized pricing and strong production at Metropolitan led to positive segment results
CENTURION CHALLENGES - Company faced higher costs and slowed production at Centurion due to geological issues, but met sales targets
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.10 bln | $1.03 bln (6 Analysts) |
Q3 Loss Per Share | $0.27 | ||
Q3 Net Loss Attributable | $32.80 mln | ||
Q3 Adjusted EBITDA | Miss | $97.50 mln | $106.50 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the coal peer group is "buy"
Wall Street's median 12-month price target for Peabody Energy Corp is $30.00, about 45.2% above its November 3 closing price of $20.66
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)