Peabody Q3 net income $119.9M, Adj. EBITDA $270M; acquires adjacent coking coal deposit

PEABODY ENERGY CORP

2023-Q3 EPS reported $3.68 revenue$3,711,700,000

Q3 net income $119.9M ($0.82 diluted EPS) vs Q2 $179.2M ($1.15); Adjusted EBITDA $270M vs $358.2M.
Re-entered Zone B at North Goonyella; board approved full development with longwall production targeted in 2026.
Agreed to acquire Wards Well coal deposit adjacent to North Goonyella, extending mine life to 25+ years.
Reached $72M settlement with DOL for legacy black lung claims, avoiding higher collateral requirements.
Board declared $0.075/share quarterly dividend payable Nov 29, 2023 to holders of record Nov 9, 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PEABODY ENERGY CORP reported third quarter of 2023 results: net income net income attributable to common stockholders of $119.9 million, or $0.82 per diluted share, EPS $0.82 per diluted share.

Period: third quarter of 2023
Net income: net income attributable to common stockholders of $119.9 million, or $0.82 per diluted share
EPS: $0.82 per diluted share
Result: reported results

Exact text from the filing

Peabody (NYSE: BTU) today reported net income attributable to common stockholders of $119.9 million, or $0.82 per diluted share, for the third quarter of 2023, compared to $179.2 million, or $1.15 per diluted share in the second quarter.

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Source: SEC EDGAR

accession 0001064728-23-000141

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