Peabody Energy Posts Q2 Loss, Stock Falls More Than 10%

Peabody Energy reported a second‑quarter net loss of $90.6 million, or $0.74 per diluted share, on revenue of about $1 billion. The earnings miss sent the company’s shares down over 10% in trading.

CEO Jim Grech noted that lower U.S. thermal coal volumes and higher commissioning costs at the Centurion metallurgical‑coal mine in Australia weighed on results. The Centurion longwall has resolved a shield‑alignment issue but still faces roof‑control challenges in a faulted zone covering roughly 20% of the face. Production from the mine is expected to reach 1.5‑2 million tons in the second half of 2026.

Peabody ended the quarter with more than $500 million in cash and total liquidity above $900 million after completing financing and surety transactions that reduced interest costs. The company also cut its forecast for seaborne thermal coal sales from Australia to 12.4‑13 million tons for 2026, down from 16.4 million tons the prior year.