Peabody Energy Corporation (BTU) Stock

Peabody Energy Corporation (BTU) is a Energy stock trading at $29.44 (as of 2026-09-02), with a market capitalization of $3.59B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining segments. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; mining bituminous and sub-bituminous coal deposits; and mining metallurgical coal, such as hard coking coal, semi-hard coking coal, semi-soft coking coal, and pulverized coal injection coal. The company supplies coal primarily to electricity generators, industrial facilities, and steel manufacturers. As of December 31, 2021, it owned interests in 17 coal mining operations located in the United States and Australia; and had approximately 2.5 billion tons of proven and probable coal reserves and approximately 450,000 acres of surface property through ownership and lease agreements. The company also engages in direct and brokered trading of coal and freight-related contracts, as well as provides transportation-related services. Peabody Energy Corporation was founded in 1883 and is headquartered in St. Louis, Missouri.

Understand Peabody Energy Corporation: how it makes money

Peabody mines and sells thermal and metallurgical coal to power plants and steelmakers in over a dozen countries, earning revenue by extracting and shipping coal at commodity-market prices. Profit swings with the coal cycle, anchored by high-margin seaborne met coal and volume from the low-price Powder River Basin.

Peabody's earnings are a levered function of coal price minus extraction cost per ton, where the high-margin seaborne metallurgical segment carries the profit while the low-price, high-volume Powder River Basin business fills the tonnage.

Business quality (Weak): Negative operating margin (-10%), negative ROE, and a 'Weak' quality grade signal a company squeezed by near-term costs below its revenue, with earnings entirely hostage to the coal price cycle.

Bull case

  • Structural low-cost, long-life asset: Centurion offers first-quartile long-term costs and a 25-year mine life, giving Peabody a durable extraction-cost floor that protects margins even if coal prices moderate from current levels (receipt: latest_call).
  • Met coal pricing at multi-year high: Seaborne met coal prices reached a multi-year high amid tightened supply, meaning the company's highest-margin segment is currently in a favorable price window that lifts blended revenue per ton (receipt: latest_call).
  • Steady-state production upside intact: Management still supports the 4.7-million-ton steady-state production target, implying the fleet has headroom to scale volumes toward full utilization once Centurion ramps and logistics normalize (receipt: latest_call).

Bear case

  • Structural coal-to-gas displacement: U.S. thermal demand is facing coal-to-gas switching driven by lower natural-gas prices, a secular headwind that compresses thermal volumes and limits the pricing power Peabody has in its domestic thermal segments (receipt: latest_call).
  • PRB volume fell sharply short: Powder River Basin shipments came in 2.6 million tons below Q2 expectations, a gap that directly hits the highest-volume, lowest-cost segment and the revenue base the company counts on for scale (receipt: latest_call).
  • Centurion execution and fault-zone risk: Commissioning costs at Centurion drove a segment adjusted EBITDA loss, and a remaining fault zone can cause uneven daily production, meaning the flagship low-cost asset is not yet delivering the steady output underwriting the 4.7-million-ton target (receipt: latest_call).
Valuation — source: SEC EDGAR (first-party)
Price$29.44
Market Cap$3.59B
EV / EBITDA16.5
Price / Book1.09
Price / Sales0.89
FCF Yield-2.2%
DCF Value (model)$50.73
DCF Upside vs Price72.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.86B
Net Margin-1.1%
Revenue Growth (YoY)12.7%
EPS Growth (YoY)221.7%
Financial Health — source: SEC EDGAR
Altman Z-Score2.05 (grey)
Valuation vs Sector & Industry
Sector P/E (Energy)16.1
Industry P/E (Coal)25.1
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($591.41M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryCoal
CEOJames C. Grech
Employees5,600
CountryUS
IPO Date2017-04-03

Peabody Energy Corporation earnings call transcripts

  • BTU Q2 FY26 earnings call transcript (reported 2026-07-29) · analysis
  • BTU Q4 FY25 earnings call transcript (reported 2026-02-05) · analysis

All BTU earnings calls

Related Companies (Coal; 8 comparable companies)

  • Core Natural Resources, Inc. (CNR)
  • Warrior Met Coal, Inc. (HCC)
  • Alpha Metallurgical Resources, Inc. (AMR)
  • Hallador Energy Company (HNRG)
  • Mueller Industries, Inc. (MLI)
  • Worthington Steel, Inc. (WS)
  • Kaiser Aluminum Corporation (KALU)
  • ATI Inc. (ATI)
BTU earnings history · BTU institutional & insider holders · BTU KPIs & operating metrics · BTU financials · BTU investor presentations & press releases · BTU SEC filings · BTU peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.