earnings
confidence high
sentiment neutral
materiality 0.70
Peabody Q2 net income $179.2M, EPS $1.15; declares $0.075 dividend
PEABODY ENERGY CORP
2023-Q2 EPS reported
$2.83
revenue$2,632,800,000
- Net income $179.2M, diluted EPS $1.15, down from $268.5M/$1.68 in Q1.
- Adjusted EBITDA $358.2M vs $390.6M prior Q; includes $33.7M provision for losses at NARM and Shoal Creek.
- Returned $262M to shareholders via buybacks/dividends; repurchased >8% of shares outstanding.
- Declared quarterly dividend $0.075/sh, payable Aug 30 to holders of record Aug 10.
- Seaborne met coal volumes 2.0M tons, 18% above forecast; Shoal Creek resumed development after fire.