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Peabody publishes results and update

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World Coal,

Peabody has published its 4Q23 results, FY23 results, and released a segment update.

Peabody has reported 4Q23 net income attributable to common stockholders of US$192 million, or US$1.33 per diluted share, compared to US$632.0 million, or US$3.92 per diluted share, in the prior year quarter. Peabody had Adjusted EBITDA of US$345.1 million in 4Q23, compared to US$500.5 million in the 4Q22.

FY23 revenue totalled US$4.94 billion compared to US$4.98 billion in FY22. Full-year 2023 net income attributable to common stockholders totalled US$759.6 million, or US$5.00 per diluted share, compared to US$1.29 billion, or US$8.31 per diluted share in the prior year. Adjusted EBITDA was US$1.36 billion, compared to US$1.84 billion in FY22.

Jim Grech, Peabody President and CEO, comments:

“Our performance in 2023 is a result of our dedicated team, diversified asset portfolio, and effective execution on our strategy. We delivered on our shareholder return programme, repurchasing over 11% of our shares outstanding, and improved our seaborne metallurgical segment with new longwall kits at Shoal Creek and Metropolitan, the continued development of the Centurion premium hard coking coal project, and the pending acquisition of a large portion of the adjacent Wards Well coal deposit.”

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US coal news Peabody Energy news