secwatch.observer — SEC 8-K summary
======================================

Issuer:     PEABODY ENERGY CORP (BTU)
CIK:        0001064728
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001064728-23-000141
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1064728/000106472823000141/0001064728-23-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1064728/000106472823000141/btu-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001064728-23-000141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer