# Peabody Energy Corporation (BTU)

> Source: Nexqual · https://nexqual.com/BTU · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Peabody Energy Corporation (BTU), nexqual.com/BTU" · informational, not investment advice.

**Price:** USD 22.43 (-0.04% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 22.44 · day 22.3–22.98 · 52w 20.06–41.14 · market cap $2.73B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.01B, net income -$172M (-4.3% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $194K; 1 not under a Rule 10b5-1 plan ($112K); 1 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (6 analysts), mean target USD 30.75 (range 27.5–36).
- Total return with dividends: 1Y -22.0% vs S&P 500 +14.9%; 5Y +66.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD -0.03, revenue estimate $1.03B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.32B | $4.98B | $4.95B | $4.24B | $3.86B | $4.01B |
| Operating income | $432M | $1.38B | $1.07B | $445M | -$80.1M | -$223M |
| Net income | $371M | $1.32B | $816M | $404M | -$42.5M | -$172M |
| EPS (diluted) | $3.22 | $8.31 | $5.00 | $2.70 | -$0.43 | — |
| Free cash flow | $237M | $952M | $687M | $205M | -$77.7M | — |
| Operating margin | 13.0% | 27.7% | 21.7% | 10.5% | -2.1% | -5.6% |
| Net margin | 11.2% | 26.5% | 16.5% | 9.5% | -1.1% | -4.3% |
| Revenue growth | +15.2% | +50.1% | -0.7% | -14.4% | -8.9% | — |
| Cash + short-term investments | $954M | $1.31B | $969M | $700M | $575M | — |
| Total debt | $1.14B | $334M | $321M | $332M | $321M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.7x · EV/EBITDA 13.1x · EV/Sales 0.6x · P/B 0.8x · Earnings yield -6.30% · Dividend yield (paid, TTM) 1.33% · Net cash $201M · EV $2.53B
P/E at fiscal year-ends: Dec 2024 7.4x, Dec 2023 4.6x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-01 | Jarboe Scott T. | CAO and Corporate Secretary | 2,925 | $82K | 3.3% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-07 | Bertone Andrea E. | Director | 4,584 | $112K | 8.9% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 6 analysts; mean target USD 30.75 (low 27.5, high 36).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-04 | UBS | Target lowered | Neutral | $27 → $26.5 |
| 2026-07-30 | Benchmark | Target lowered | Buy | $40 → $36 |
| 2026-07-30 | B. Riley Securities | Target lowered | Neutral | $30 → $29 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -22.0% | +66.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -22.0% | +10.7% |
| Volatility (annualized) | 54.4% | 61.2% |
| Max drawdown | -47.1% (Mar 2026→Jul 2026) | -66.9% (Apr 2022→Mar 2025) |

## Peers (Thermal Coal)
ARLP (Alliance Resource Partners, L.P) USD 25.85 +0.47% · CNR (Core Natural Resources, Inc.) USD 88.35 +0.91% · NRP (Natural Resource Partners LP Li) USD 114.77 +0.12% · HAL (Halliburton Company) USD 33.19 -2.35% · TS (Tenaris S.A.) USD 56.37 -3.92% · PBA (Pembina Pipeline Corp.) USD 49.37 -2.55%

## More
Full page: https://nexqual.com/BTU · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name BTU in their own reports (relationship from BTU's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Core Natural Resources, Inc. (CNR) | 10-K 2026-02-17 | "The peer group, for the purposes of the information presented below, is comprised of Alliance Resource Partners LP, Alpha Metallurgical Resources, Inc., Hallador Energy Company, Peabody Energy Corpora…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Seaborne Metallurgical | $358.3M | 35.7% | +42.1% |
| Seaborne Thermal | $230.6M | 23.0% | +18.2% |
| Powder River Basin | $223.8M | 22.3% | -18.8% |
| Other U.S. Thermal | $163.2M | 16.3% | +5.2% |
| Corporate and Other (1) | $27.3M | 2.7% | +127.5% |
| Total revenue | $1.00B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Thermal coal | $230.6M | 23.0% | +18.2% |
| Trading and Brokerage Coal Deliveries | $21.7M | 2.2% | +178.2% |
| Other revenue | $5.6M | 0.6% | +33.3% |
| Total revenue | $1.00B | 100% | — |
The lines above cover 25.7% of total revenue.

## Company outlook (8-K filed 2026-07-29)

- "Seaborne Thermal • Volume is expected to be 3.0 million tons, including 1.9 million export tons. 1.1 million tons of Newcastle product and 0.8 million tons of high ash product are unpriced."
- "Costs are anticipated to be $52—$57 per ton."
- "Seaborne Metallurgical • Seaborne met volume is expected to be 1.9—2.1 million tons, a decrease from second quarter due to a longwall move at Metropolitan and an expected lock outage impacting sales at Shoal Creek."
- "Sales are anticipated to achieve approximately 70-75 percent of the premium hard coking coal price index."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.03 | $0.81 | -103.7% | $1.03B | 2 |
| Next quarter (ends 2026-12-31) | $0.63 | $0.62 | +1.6% | $1.25B | 2 |
| Current fiscal year (ends 2026-12-31) | $-0.49 | $0.79 | -162.7% | $4.24B | 2 |
| Next fiscal year (ends 2027-12-31) | $2.80 | $3.90 | -28.3% | $4.66B | 3 |