earnings
confidence high
sentiment negative
materiality 0.80
Peabody Q1 net income $39.6M ($0.29/dil) vs $268.5M prior; Adj EBITDA $160.5M; bought $80.4M shares; acquired Wards Well
PEABODY ENERGY CORP
2024-Q1 EPS reported
$0.29
revenue$983,600,000
- Net income $39.6M ($0.29 diluted EPS) down from $268.5M ($1.68) a year ago; Adj EBITDA $160.5M vs $390.6M.
- Repurchased 3.2M shares for $80.4M (3% of outstanding) in Q1.
- Acquired Wards Well coal deposit adjacent to Centurion; extends mine life to 25+ years; Centurion on track.
- Declared quarterly dividend $0.075 per share payable June 5, record May 16.
- Reaffirmed full-year guidance; Shoal Creek exceeded production; new $320M revolving credit facility.