Peabody Energy Corp (NYSE: BTU) is a coal mining company that produces and sells metallurgical and thermal coal. Revenue is generated through transactional coal sales, priced per ton, to customers across power generation and steelmaking end markets. As of December 31, 2025, Peabody owned interests in 16 active coal mining operations located in the United States and Australia, per the FY2025 Form 10-K filed February 19, 2026. The company operates across two primary coal types: metallurgical coal, used in steel production, and thermal coal, used in electricity generation. Its dual-country mining footprint gives it exposure to both domestic U.S. utility markets and seaborne export markets served from Australian operations. Capital intensity is inherent to underground and surface mining, with costs tied closely to mine productivity, equipment, and reclamation obligations. Peabody is a well-known seasoned issuer under SEC Rule 405 as of the filing date.

Revenue model

Transactional coal sales priced per short ton (2,000 lbs), sold to power generators and steelmakers from 16 active mining operations in the U.S. and Australia as of December 31, 2025 (FY2025 10-K).

Products and services

Metallurgical coal (used in steel production) and thermal coal (used in power generation), produced from surface and underground mining operations in the U.S. and Australia.

Customers and end markets

Electric power generators (thermal coal buyers) and steel producers (metallurgical coal buyers). Specific customer names and concentration percentages are not disclosed in the provided filing excerpts.

Value-chain role

Upstream coal producer. Mines, processes, and sells coal directly to end-market customers. Does not appear to operate downstream trading or distribution businesses based on available excerpts.

Geographic exposure

United States and Australia, with 16 active coal mining operations across both countries as of December 31, 2025 (FY2025 10-K).

Source: SEC 10-K, filed 2026-02-19

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