Peabody Energy Corp
peabodyenergy.comWhat Do They Do?
Mines and sells thermal coal to electricity generators and metallurgical coal to steelmakers.
10-K for FY2025, filed Feb 19, 2026Peabody is a leading producer of metallurgical and thermal coal. The Company owned interests in 16 active coal mining operations located in…View ↗
Customers. Peabody’s coal supply agreements are primarily with electricity generators, industrial facilities and steel manufacturers. Most…View ↗
Thermal Coal. Demand for Peabody’s thermal coal products is impacted by economic conditions demand for electricity; and the cost of…View ↗
Metallurgical Coal. Demand for Peabody’s metallurgical coal products is impacted by economic conditions; government policies; demand for…View ↗
How Do They Make Money?
Electricity generators, industrial facilities and steel manufacturers pay for coal by the ton when it is delivered at the mine, rail or barge, or loading port. Most sales are under long-term supply agreements, while seaborne prices are often renegotiated annually or quarterly.
10-K for FY2025, filed Feb 19, 2026Customers. Peabody’s coal supply agreements are primarily with electricity generators, industrial facilities and steel manufacturers. Most…View ↗
Seaborne Operations. Revenue from Peabody’s Seaborne Thermal and Seaborne Metallurgical reportable segments represented approximately 51%…View ↗
TransportationView ↗
The majority of the Company’s revenue is derived from the sale of coal under long-term coal supply agreements (those with initial terms of…View ↗
Contract pricing is set forth on a per ton basis, and revenue is generally recorded as the product of price and volume delivered. Many of…View ↗
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10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by product or service ↗
$3.9B
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10-K for FY2025, filed Feb 19, 2026
$3.9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Thermal coal
Sold outright
10-K for FY2025, filed Feb 19, 2026 |
72%
FY2022: 67%
|
Thermal coal, FY2025
$2.8B Sources
|
Sold outright |
|
Metallurgical coal
Sold outright
10-K for FY2025, filed Feb 19, 2026 |
27%
FY2022: 32%
|
Metallurgical coal, FY2025
$1B Sources
|
Sold outright |
|
Other
|
1.5%
FY2022: 0.3%
|
Other, FY2025
$58.4M Sources
|
Who Are Their Customers?
Electricity generators, industrial facilities and steel manufacturers buy coal, mostly under long-term supply agreements. U.S. thermal coal is sold primarily to domestic electric utilities; seaborne coal goes to customers in several countries, with some sales in Australia.
10-K for FY2025, filed Feb 19, 2026Customers. Peabody’s coal supply agreements are primarily with electricity generators, industrial facilities and steel manufacturers. Most…View ↗
Seaborne Operations. Revenue from Peabody’s Seaborne Thermal and Seaborne Metallurgical reportable segments represented approximately 51%…View ↗
U.S. Thermal Operations. Revenue from Peabody’s Powder River Basin and Other U.S. Thermal reportable segments, in aggregate, represented…View ↗
The Company’s U.S. thermal operating platform primarily sells thermal coal to electric utilities in the U.S. under long-term contracts…View ↗
10-K for FY2025, filed Feb 19, 2026
For the year ended December 31, 2025, Peabody derived 25% of its revenue from coal supply agreements from its five largest customers. Those…View ↗
Do Revenues Turn Into Profits?
No. It lost $42.5M in FY2025.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$86.2MView ↗
- ▲ +232% (Loss)
- vs −$26M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Jul 29, 2026
Peabody issued second-quarter results and 2026 guidance
The company targeted 1.5 to 2.0 million tons of Centurion sales in the second half of 2026 and revised its reclamation surety arrangements.
Sources
8-K, filed Jul 29, 2026
Completed significant longwall commissioning activities at Centurion and are targeting 1.5 to 2.0 million tons of sales in the second half…View ↗
Growing. Revenue grew 16% in 4 years, from $3.3B in FY2021 to $3.9B in FY2025, about 4% a year.
Trading and brokerage
The older report described marketing and brokering coal from other producers and trading coal and freight-related contracts as activities. The latest report lists coal trading and brokerage within Corporate and Other, including physical sales of purchased coal.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 19, 2026Peabody is a leading producer of metallurgical and thermal coal. At December 31, 2022, the Company owned interests in 17 active coal mining…View ↗
Renewable energy development
The older report described a joint venture intended to develop reclaimed land for solar generation and battery storage. The latest report refers to renewable energy projects on reclaimed land as workstreams under asset optimization.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 19, 2026Peabody is a leading producer of metallurgical and thermal coal. At December 31, 2022, the Company owned interests in 17 active coal mining…View ↗
As part of Peabody’s ongoing asset optimization program, whereby its coal reserves, coal resources and surface properties are regularly…View ↗
Who Do They Compete With?
Competes with Alliance Resource Partners, American Consolidated Natural Resources, Core Natural Resources, Eagle Summit, Foresight Energy, Hallador Energy, Kiewit, Navajo Transitional Energy, Adaro Energy, BHP, Bumi Resources, China Shenhua Energy, Coal India, Drummond, Glencore, New Hope, SUEK, Whitehaven Coal, Yancoal Australia, and Anglo American
10-K for FY2025, filed Feb 19, 2026In addition to its alternative fuel source competitors, Peabody’s principal U.S. direct coal supply competitors (listed alphabetically) are…View ↗
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