{"id":809787,"date":"2025-02-06T07:48:14","date_gmt":"2025-02-06T12:48:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/peabody-reports-results-for-the-quarter-and-year-ended-december-31-2024\/"},"modified":"2025-02-06T07:48:14","modified_gmt":"2025-02-06T12:48:14","slug":"peabody-reports-results-for-the-quarter-and-year-ended-december-31-2024","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/peabody-reports-results-for-the-quarter-and-year-ended-december-31-2024\/","title":{"rendered":"Peabody Reports Results for the Quarter and Year Ended December 31, 2024"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Centurion Ships First Coal and Advances Towards Longwall Start in Q1 2026<\/i>
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\n Premium Hard Coking Coal Acquisition Poised to Reshape Peabody<\/i>
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\n ST. LOUIS<\/span>
\n <\/span>, Feb. 6, 2025<\/span><\/span> \/PRNewswire\/ — Peabody (NYSE: BTU) today reported fourth quarter net income attributable to common stockholders of $30.6 million<\/span>, or $0.25<\/span> per diluted share, compared to $192.0 million<\/span>, or $1.33<\/span> per diluted share, in the prior year quarter. Peabody had Adjusted EBITDA1<\/sup>\u00a0of $176.7 million<\/span> in the fourth quarter of 2024 including a $41.4 million<\/span> non-cash charge from Australia<\/span> currency remeasurement, compared to $345.1 million<\/span> in the fourth quarter of 2023.<\/p>\n

Full-year 2024 revenue totaled $4,236.7 million<\/span> compared to $4,946.7 million<\/span> in the prior year. Full-year 2024 net income attributable to common stockholders totaled $370.9 million<\/span>, or $2.70<\/span> per diluted share, compared to $759.6 million<\/span>, or $5.00<\/span> per diluted share in the prior year. Adjusted EBITDA was $871.7 million<\/span> compared to $1,363.9 million<\/span> in the prior year.\u00a0<\/p>\n

“Peabody completed a highly productive year with a strong fourth quarter performance and the advancement of a transformative acquisition that we are confident will reshape Peabody in a profound and positive way,” said Peabody President and Chief Executive Officer Jim Grech<\/span>. “The Peabody team also drove an exceptional year in safety and environmental performance, leading to record low accident and severity rates and the reduction of more than $100 million<\/span> of reclamation bonding obligations.”<\/p>\n

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\n 1 Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA margin is equal to segment Adjusted EBITDA (excluding insurance recoveries) divided by segment revenue. Revenue per Ton and Adjusted EBITDA Margin per Ton are equal to revenue by segment and Adjusted EBITDA by segment (excluding insurance recoveries), respectively, divided by segment tons sold. Costs per Ton is equal to Revenue per Ton less Adjusted EBITDA Margin per Ton. Management believes Costs per Ton and Adjusted EBITDA Margin per Ton best reflect controllable costs and operating results at the reporting segment level. We consider all measures reported on a per ton basis, as well as Adjusted EBITDA margin, to be operating\/statistical measures. Please refer to the tables and related notes for a reconciliation and definition of non-GAAP financial measures.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n Fourth Quarter and Full Year Highlights<\/b>\n <\/p>\n