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Investing.com -- Peabody Energy Corporation (NYSE:BTU) reported better-than-expected first quarter earnings on Monday, sending shares up 2.7% in early trading. The coal producer posted adjusted earnings per share of $0.27, surpassing analyst estimates of $0.20.
Revenue for the quarter came in at $927 million, falling short of the $969.2 million consensus forecast. However, the company’s strong cost management and favorable seaborne thermal volumes helped offset the impact of lower coal prices.
Peabody reported net income attributable to common stockholders of $34.4 million for Q1 2025, compared to $39.6 million in the same quarter last year. Adjusted EBITDA was $144.0 million, down from $160.5 million YoY.
"Peabody is off to a strong start in 2025, controlling the controllables with solid volumes and great cost management that mitigated impacts of cyclically low seaborne coal prices," said Peabody President and CEO Jim Grech.
The company’s seaborne thermal segment saw sales volumes of 4.4 million tons, up from 4.0 million tons in Q1 2024. Costs per ton in this segment came in at $41.37, well below company targets.
Peabody generated operating cash flow of $120 million in the quarter. The company also declared a dividend of $0.075 per share on common stock.
Looking ahead, Peabody expects seaborne thermal volume of 4.0 million tons in Q2 2025, with costs anticipated to be $45-$50 per ton. The company remains on track with the development of its Centurion Mine, targeting longwall production in Q1 2026.
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