# EDGAR Filing Document

**Accession Number:** 0001064728
**File Stem:** 0001064728-25-000111
**Filing Date:** 2025-7
**Character Count:** 73021
**Document Hash:** ad52e67268c7551f4aac956b427d3032
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001064728-25-000111.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0001064728-25-000111

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250731

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PEABODY ENERGY CORP
- **CENTRAL INDEX KEY:** 0001064728
- **STANDARD INDUSTRIAL CLASSIFICATION:** BITUMINOUS COAL & LIGNITE SURFACE MINING [1221]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 134004153
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16463
- **FILM NUMBER:** 251169463

**BUSINESS ADDRESS:**
- **STREET 1:** 701 MARKET ST
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63101-1826
- **BUSINESS PHONE:** 3143423400

**MAIL ADDRESS:**
- **STREET 1:** 701 MARKET ST
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63101-1826

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&L COAL HOLDINGS CORP
- **DATE OF NAME CHANGE:** 19980623

?xml version='1.0' encoding='ASCII'? btu-20250731

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): July 31, 2025**

**PEABODY ENERGY CORPORATION**

(Exact name of registrant as specified in its charter)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Delaware** | **Delaware** | **Delaware** | **Delaware** | **1-16463** | | **13-4004153** |
| (State or other jurisdiction of<br>incorporation) | (State or other jurisdiction of<br>incorporation) | (State or other jurisdiction of<br>incorporation) | (State or other jurisdiction of<br>incorporation) | (Commission File Number) |  | (I.R.S. Employer Identification No.) |
| **701 Market Street,** | **701 Market Street,** | **St. Louis,** | **Missouri** |  |  | **63101-1826** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) |  |  | (Zip Code) |
| Registrant's telephone number, including area code: | Registrant's telephone number, including area code: | Registrant's telephone number, including area code: | Registrant's telephone number, including area code: | Registrant's telephone number, including area code: | **(314)** | **342-3400** |
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

---

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $0.01 per share | BTU | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02. Results of Operations and Financial Condition.**

On July 31, 2025, Peabody Energy Corporation ("Peabody" or the "Company") issued a press release setting forth Peabody's second quarter 2025 financial results and providing guidance on selected third quarter and full-year 2025 targets. A copy of Peabody's press release is attached hereto as Exhibit 99.1.

The information furnished in this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 8.01. Other Events.**

On July 31, 2025, the Company issued a press release announcing that its Board of Directors declared a quarterly dividend of $0.075 per share on the Company's common stock. The dividend is payable on September 3, 2025 to stockholders of record on August 14, 2025.

A copy of the Company's press release regarding the foregoing is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description of Exhibit</u> |
| 99.1 | <u>[Press Release of Peabody Energy Corporation dated](btu8k20250731ex991.htm)[July 31](btu8k20250731ex991.htm)[, 2025.](btu8k20250731ex991.htm)</u> |
| 99.2 | <u>[Press Release of Peabody Energy Corporation dated](btu8k20250731ex992.htm)[July 31](btu8k20250731ex992.htm)[, 2025.](btu8k20250731ex992.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | **PEABODY ENERGY CORPORATION** |
| *July 31, 2025* | *By: /s/ Mark A. Spurbeck* |
|  | Name: Mark A. Spurbeck |
|  | Title: Executive Vice President and Chief Financial Officer |
|  | Title: Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![image7.jpg](image7.jpg) | |
| | ***Media Release*** |

---

**Peabody Reports Results For Quarter Ended June 30, 2025**

*Second Quarter Results Reflect Strong Seaborne and PRB Cost Performance* 

*Longwall Start at Centurion Mine Accelerated to February 2026*

*Favorable Changes to Full-Year Volume and Cost Targets*

ST. LOUIS, July 31, 2025 – Peabody (NYSE: BTU) today reported net income attributable to common stockholders of $(27.6) million, or $(0.23) per diluted share, for the second quarter of 2025, compared to $199.4 million, or $1.42 per diluted share in the prior year quarter. Peabody had Adjusted EBITDA<sup>1</sup> of $93.3 million in the second quarter of 2025 compared to $309.7 million in the prior year quarter (included $80.8 million of insurance recovery and reflected seaborne benchmark prices that were 32 percent higher for metallurgical coal and 35 percent higher for thermal coal than the current year).

According to Peabody President and CEO Jim Grech, "Peabody closed out the first half of the year with strong execution and a resilient performance. Effective cost management in the seaborne platforms allowed us to work through a period of lower pricing, while robust Powder River Basin (PRB) demand demonstrated the benefit of our leading U.S. thermal coal business. In addition to Peabody benefiting from higher U.S. coal demand in the first half based on favorable market fundamentals, newly enacted federal legislation is expected to reduce costs moving forward."

**Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Peabody reported second quarter Adjusted EBITDA of $93 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Centurion Mine in Australia's Bowen Basin remains on budget and ahead of schedule in development meters, allowing the company to accelerate the planned start of longwall production.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strong U.S. thermal demand led the PRB segment to better-than-expected performance, driving substantial margin improvements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Both Seaborne Metallurgical and Seaborne Thermal segments continued to "control the controllables" with second quarter costs below company targets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Peabody estimates benefits of $15 to $20 million in the second half of 2025 related to federal royalty reduction provisions from the "One Big Beautiful Bill Act" signed into law in July, which is also expected to strengthen the competitiveness of PRB coal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Peabody is raising full-year 2025 guidance for Seaborne Thermal and PRB volumes and lowering cost-per-ton targets for Seaborne Thermal, Seaborne Met and PRB segments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The company declared a $0.075 per share dividend on common stock on July 31, 2025.

<sup>1</sup> 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 herein for a reconciliation of non-GAAP financial measures.

------

**Second Quarter Segment Performance** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>Seaborne Thermal</u>** | **<u>Seaborne Thermal</u>** | **<u>Seaborne Thermal</u>** | **<u>Seaborne Thermal</u>** | **<u>Seaborne Thermal</u>** | **<u>Seaborne Thermal</u>** |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six Months Ended** | **Six Months Ended** |
| | **Jun.** | **Mar.** | **Jun.** | **Jun.** | **Jun.** |
|  | **2025** | **2025** | **2024** | **2025** | **2024** |
| Tons sold (in millions) | 3.6 | 4.4 | 4.1 | 8.0 | 8.1 |
| &nbsp;&nbsp;*Export* | *2.1* | *2.9* | *2.7* | *5.0* | *5.2* |
| &nbsp;&nbsp;*Domestic* | *1.5* | *1.5* | *1.4* | *3.0* | *2.9* |
| Revenue per Ton | $53.22 | $60.64 | $74.43 | $57.25 | $72.86 |
| &nbsp;&nbsp;*Export - Avg. Realized Price per Ton* | *72.86* | *79.39* | *98.43* | *76.56* | *98.97* |
| &nbsp;&nbsp;*Domestic - Avg. Realized Price per Ton* | *24.19* | *24.95* | *26.69* | *24.57* | *26.50* |
| Costs per Ton | 44.10 | 41.37 | 49.14 | 42.61 | 48.44 |
| **Adjusted EBITDA Margin per Ton** | $**9.12** | $**19.27** | $**25.29** | $**14.64** | $**24.42** |
| **Adjusted EBITDA (in millions)** | $**33.5** | $**84.2** | $**104.4** | $**117.7** | $**198.2** |

---

Seaborne Thermal Adjusted EBITDA totaled $33.5 million. Second quarter performance was impacted by lower shipments due to weather-related port disruption, partly offset by costs that were below company targets. Despite pricing pressure, the segment delivered Adjusted EBITDA margins of 17 percent. The company's July shipments were above target, leading to a 200,000 ton increase in full year volume guidance and $3 per ton reduction in full-year cost guidance.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>Seaborne Metallurgical</u>** | **<u>Seaborne Metallurgical</u>** | **<u>Seaborne Metallurgical</u>** | **<u>Seaborne Metallurgical</u>** | **<u>Seaborne Metallurgical</u>** | **<u>Seaborne Metallurgical</u>** |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six Months Ended** | **Six Months Ended** |
| | **Jun.** | **Mar.** | **Jun.** | **Jun.** | **Jun.** |
|  | **2025** | **2025** | **2024** | **2025** | **2024** |
| Tons sold (in millions) | 2.2 | 1.8 | 2.0 | 4.0 | 3.4 |
| Revenue per Ton | $114.79 | $125.15 | $149.29 | $119.40 | $159.10 |
| Costs per Ton | 118.97 | 117.66 | 117.47 | 118.39 | 126.46 |
| **Adjusted EBITDA Margin per Ton** | $**(4.18)** | $**7.49** | $**31.82** | $**1.01** | $**32.64** |
| **Adjusted EBITDA, Excluding Insurance Recovery (in millions)** | $**(9.2)** | $**13.2** | $**62.8** | $**4.0** | $**111.1** |
| **Shoal Creek Insurance Recovery (in millions)** | $**—** | $**—** | $**80.8** | $**—** | $**80.8** |
| **Adjusted EBITDA (in millions)** | $**(9.2)** | $**13.2** | $**143.6** | $**4.0** | $**191.9** |

---

Seaborne Metallurgical volumes increased 400,000 tons over prior quarter while costs were $6 per ton lower than target. The company mitigated a challenging pricing environment and reported Adjusted EBITDA loss of $9.2 million. As a result of the strong first-half cost performance, Peabody is lowering its full year cost guidance by $7 per ton to approximately $118 per ton.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>Powder River Basin</u>** | **<u>Powder River Basin</u>** | **<u>Powder River Basin</u>** | **<u>Powder River Basin</u>** | **<u>Powder River Basin</u>** | **<u>Powder River Basin</u>** |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six Months Ended** | **Six Months Ended** |
| | **Jun.** | **Mar.** | **Jun.** | **Jun.** | **Jun.** |
|  | **2025** | **2025** | **2024** | **2025** | **2024** |
| Tons sold (in millions) | 20.0 | 19.6 | 15.8 | 39.6 | 34.5 |
| Revenue per Ton | $13.82 | $14.02 | $14.02 | $13.92 | $13.80 |
| Costs per Ton | 11.66 | 12.18 | 12.89 | 11.92 | 12.81 |
| **Adjusted EBITDA Margin per Ton** | $**2.16** | $**1.84** | $**1.13** | $**2.00** | $**0.99** |
| **Adjusted EBITDA (in millions)** | $**43.0** | $**36.3** | $**17.8** | $**79.3** | $**34.2** |

---

Powder River Basin Adjusted EBITDA totaled $43.0 million, an increase of more than a dollar per ton in margin compared to prior-year performance. Second quarter shipments exceeded expectations, which also led to per-ton costs well below company targets. Based on increased contract volumes, the company is raising full-year volume guidance by 5 million tons and lowering cost targets by $0.63 per ton.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>Other U.S. Thermal</u>** | **<u>Other U.S. Thermal</u>** | **<u>Other U.S. Thermal</u>** | **<u>Other U.S. Thermal</u>** | **<u>Other U.S. Thermal</u>** | **<u>Other U.S. Thermal</u>** |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six Months Ended** | **Six Months Ended** |
| | **Jun.** | **Mar.** | **Jun.** | **Jun.** | **Jun.** |
|  | **2025** | **2025** | **2024** | **2025** | **2024** |
| Tons sold (in millions) | 2.9 | 3.1 | 3.7 | 6.0 | 6.9 |
| Revenue per Ton | $54.08 | $54.32 | $55.21 | $54.20 | $57.33 |
| Costs per Ton | 49.39 | 43.71 | 45.53 | 46.43 | 45.40 |
| **Adjusted EBITDA Margin per Ton** | $**4.69** | $**10.61** | $**9.68** | $**7.77** | $**11.93** |
| **Adjusted EBITDA (in millions)** | $**13.5** | $**32.9** | $**35.4** | $**46.4** | $**81.9** |

---

Other U.S. Thermal Adjusted EBITDA totaled $13.5 million for the quarter, with rail issues at Bear Run and challenging mining conditions in the current panel at Twentymile leading to lower volumes. The company is seeing improved rail performance at Bear Run and expects significantly improved performance at Twentymile after an August longwall move to a new panel is completed. The company is maintaining full year volume and cost guidance for the segment.

-----------

**Balance Sheet/Liquidity** 

Peabody continued to generate positive operating cash flow in a challenging price environment. At June 30, 2025 the company had $585.9 million of cash, $847.1 million in pre-funded reclamation and other liabilities, long term debt of $343.8 million, and total liquidity approaching $1 billion.

"Peabody's cash position was largely unchanged from the prior quarter after netting investment in Centurion, shareholder returns, transaction costs and other working capital items, reflecting the resilience of our operations and the tremendous value of a balanced, diversified asset base," said Executive Vice President and Chief Financial Officer Mark Spurbeck. "Peabody's balance sheet provides substantial financial strength designed to sustain the company during challenging times and deliver extraordinary value during stronger points of the price cycle."

**Centurion Update**

Due to rapid continued progress at the Centurion Mine, the company now expects longwall operations to commence earlier than previously guided, with startup anticipated in February 2026. This accelerated timeline reflects effective execution and may have favorable implications for the mine's sales targets. The mine has hired 260 employees of its planned headcount of 400, and intends to start installing longwall shields in November.

**Acquisition Update** 

------

Four full months have passed since the ignition incident at Anglo American's Moranbah North Mine, with still no credible timetable on resumption of sustainable longwall production. Peabody's understanding of conditions underground, along with the continued passage of time, has further confirmed that a Material Adverse Change (MAC) has occurred under the related purchase agreements. Peabody has not reached a revised agreement with the seller and intends to provide a further update on August 19th, after the 90-day MAC cure period has expired.

**Outlook**

"Looking ahead, we are pleased to increase our full-year volume guidance for Powder River Basin and Seaborne Thermal coal while reducing our full-year cost targets for three of the four segments," said Mr. Grech.

**Third Quarter 2025** 

<u>Seaborne Thermal</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Volume is expected to be 3.9 million tons, including 2.7 million export tons. 0.6 million export tons are priced at approximately $82 per ton, and 1.0 million tons of Newcastle product and 1.1 million tons of high ash product are unpriced. Costs are anticipated to be $45-$50 per ton.

<u>Seaborne Metallurgical</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Volume is anticipated to be 2.2 million tons and is expected to achieve 70 to 75 percent of the premium hard coking coal price index. Costs are anticipated to be $110-$120 per ton.

<u>U.S. Thermal</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• PRB volume is expected to be 23 million tons at an average price of $13.45 per ton and costs of approximately $11.00-$11.50 per ton.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other U.S. Thermal volume is expected to be 3.7 million tons at an average price of $51.10 per ton and costs of approximately $45-$49 per ton.

Today's earnings call is scheduled for 10 a.m. CT and can be accessed via the company's website at PeabodyEnergy.com.

*Peabody (NYSE: BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com.* 

**Contact:**

Vic Svec / Kala Finklang

Email: ir@peabodyenergy.com

------

**Guidance Targets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025 Full Year** | **2025 Full Year** | **2025 Full Year** | **2025 Full Year** |
| **<u>Segment Performance</u>**<br> | **Total Volume (millions of <br>short tons)** | **Priced Volume (millions of short tons)** | **Priced Volume Pricing per Short Ton** | **Average Cost per Short Ton** |
| Seaborne Thermal | 14.6 - 15.2 | 11.1 | $52.25 | $45.00 - $48.00 |
| &nbsp;&nbsp;&nbsp;Seaborne Thermal (Export) | 9.2 - 9.8 | 5.7 | $77.12 | NA |
| &nbsp;&nbsp;&nbsp;Seaborne Thermal (Domestic) | 5.4 | 5.4 | $26.00 | NA |
| Seaborne Metallurgical | 8.0 - 9.0 | 4.4 | $121.00 | $115.00 - 120.00 |
| PRB U.S. Thermal | 80.0 - 84.0 | 83.0 | $13.65 | $11.50 - $12.00 |
| Other U.S. Thermal | 13.4 -14.4 | 13.8 | $52.20 | $43.00 - $47.00 |
| **<u>Other Annual Financial Metrics ($ in millions)</u>** | **<u>Other Annual Financial Metrics ($ in millions)</u>** | **<u>Other Annual Financial Metrics ($ in millions)</u>** | **<u>Other Annual Financial Metrics ($ in millions)</u>** | **<u>Other Annual Financial Metrics ($ in millions)</u>** |
|  | **2025 Full Year** |  |  |  |
| SG&A | $95 |  |  |  |
| Total Capital Expenditures | $420 |  |  |  |
| &nbsp;&nbsp;&nbsp;Major Project Capital Expenditures | $280 |  |  |  |
| &nbsp;&nbsp;&nbsp;Sustaining Capital Expenditures | $140 |  |  |  |
| &nbsp;&nbsp;&nbsp;ARO Cash Spend | $50 |  |  |  |
| **<u>Supplemental Information</u>** | **<u>Supplemental Information</u>** | **<u>Supplemental Information</u>** | **<u>Supplemental Information</u>** | **<u>Supplemental Information</u>** |
| Seaborne Thermal | ~48% of unpriced export volumes are expected to price on average at Globalcoal "NEWC" levels and ~52% are expected to have a higher ash content and price at 80-95% of API 5 price levels. | ~48% of unpriced export volumes are expected to price on average at Globalcoal "NEWC" levels and ~52% are expected to have a higher ash content and price at 80-95% of API 5 price levels. | ~48% of unpriced export volumes are expected to price on average at Globalcoal "NEWC" levels and ~52% are expected to have a higher ash content and price at 80-95% of API 5 price levels. | ~48% of unpriced export volumes are expected to price on average at Globalcoal "NEWC" levels and ~52% are expected to have a higher ash content and price at 80-95% of API 5 price levels. |
| Seaborne Metallurgical | On average, Peabody's metallurgical sales are anticipated to price at 70-75% of the premium hard-coking coal index price (FOB Australia). | On average, Peabody's metallurgical sales are anticipated to price at 70-75% of the premium hard-coking coal index price (FOB Australia). | On average, Peabody's metallurgical sales are anticipated to price at 70-75% of the premium hard-coking coal index price (FOB Australia). | On average, Peabody's metallurgical sales are anticipated to price at 70-75% of the premium hard-coking coal index price (FOB Australia). |
| PRB and Other U.S. Thermal | PRB and Other U.S. Thermal volumes reflect volumes priced at June 30, 2025. Weighted average quality for the PRB segment 2025 volume is approximately 8,700 BTU. | PRB and Other U.S. Thermal volumes reflect volumes priced at June 30, 2025. Weighted average quality for the PRB segment 2025 volume is approximately 8,700 BTU. | PRB and Other U.S. Thermal volumes reflect volumes priced at June 30, 2025. Weighted average quality for the PRB segment 2025 volume is approximately 8,700 BTU. | PRB and Other U.S. Thermal volumes reflect volumes priced at June 30, 2025. Weighted average quality for the PRB segment 2025 volume is approximately 8,700 BTU. |

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Certain forward-looking measures and metrics presented are non-GAAP financial and operating/statistical measures. Due to the volatility and variability of certain items needed to reconcile these measures to their nearest GAAP measure, no reconciliation can be provided without unreasonable cost or effort.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Condensed Consolidated Statements of Operations (Unaudited)** | **Condensed Consolidated Statements of Operations (Unaudited)** | **Condensed Consolidated Statements of Operations (Unaudited)** | **Condensed Consolidated Statements of Operations (Unaudited)** |  | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| (In Millions, Except Per Share Data) | (In Millions, Except Per Share Data) |  |  |  |  |  |
|  |  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six Months Ended** | **Six Months Ended** |
|  |  | **Jun.** | **Mar.** | **Jun.** | **Jun.** | **Jun.** |
|  |  | **2025** | **2025** | **2024** | **2025** | **2024** |
| Tons Sold | Tons Sold | 28.7 | 28.9 | 25.6 | 57.6 | 53.0 |
| Revenue | Revenue | $890.1 | $937.0 | $1042.0 | $1827.1 | $2025.6 |
| Operating Costs and Expenses <sup>(1)</sup> | Operating Costs and Expenses <sup>(1)</sup> | 789.4 | 770.2 | 803.9 | 1559.6 | 1618.1 |
| Depreciation, Depletion and Amortization | Depreciation, Depletion and Amortization | 93.4 | 92.1 | 82.9 | 185.5 | 162.7 |
| Asset Retirement Obligation Expenses | Asset Retirement Obligation Expenses | 13.8 | 13.6 | 12.9 | 27.4 | 25.8 |
| Selling and Administrative Expenses | Selling and Administrative Expenses | 23.5 | 23.6 | 22.1 | 47.1 | 44.1 |
| Restructuring Charges | Restructuring Charges | 3.5 | 1.7 | 0.1 | 5.2 | 0.2 |
| Transaction Costs Related to Business Combinations | Transaction Costs Related to Business Combinations | 18.8 | 2.4 |  | 21.2 |  |
| Other Operating (Income) Loss: | Other Operating (Income) Loss: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net Gain on Disposals | &nbsp;&nbsp;&nbsp;Net Gain on Disposals | (14.8) | (5.2) | (7.5) | (20.0) | (9.6) |
| &nbsp;&nbsp;&nbsp;Provision for NARM Loss | &nbsp;&nbsp;&nbsp;Provision for NARM Loss |  |  | 1.9 |  | 3.7 |
| &nbsp;&nbsp;&nbsp;Shoal Creek Insurance Recovery | &nbsp;&nbsp;&nbsp;Shoal Creek Insurance Recovery |  |  | (109.5) |  | (109.5) |
| &nbsp;&nbsp;&nbsp;Loss from Equity Affiliates | &nbsp;&nbsp;&nbsp;Loss from Equity Affiliates | 0.9 | 6.7 | 1.3 | 7.6 | 5.0 |
| Operating (Loss) Profit | Operating (Loss) Profit | (38.4) | 31.9 | 233.9 | (6.5) | 285.1 |
| Interest Expense, Net of Capitalized Interest | Interest Expense, Net of Capitalized Interest | 11.1 | 11.5 | 10.7 | 22.6 | 25.4 |
| Interest Income | Interest Income | (13.8) | (15.4) | (16.8) | (29.2) | (36.0) |
| Net Periodic Benefit Credit, Excluding Service Cost | Net Periodic Benefit Credit, Excluding Service Cost | (7.4) | (7.4) | (10.2) | (14.8) | (20.3) |
| (Loss) Income from Continuing Operations Before Income Taxes | (Loss) Income from Continuing Operations Before Income Taxes | (28.3) | 43.2 | 250.2 | 14.9 | 316.0 |
| Income Tax (Benefit) Provision | Income Tax (Benefit) Provision | (2.7) | 4.9 | 39.4 | 2.2 | 59.5 |
| (Loss) Income from Continuing Operations, Net of Income Taxes | (Loss) Income from Continuing Operations, Net of Income Taxes | (25.6) | 38.3 | 210.8 | 12.7 | 256.5 |
| Loss from Discontinued Operations, Net of Income Taxes | Loss from Discontinued Operations, Net of Income Taxes | (0.4) | (0.3) | (1.6) | (0.7) | (2.3) |
| Net (Loss) Income | Net (Loss) Income | (26.0) | 38.0 | 209.2 | 12.0 | 254.2 |
| Less: Net Income Attributable to Noncontrolling Interests | Less: Net Income Attributable to Noncontrolling Interests | 1.6 | 3.6 | 9.8 | 5.2 | 15.2 |
| Net (Loss) Income Attributable to Common Stockholders | Net (Loss) Income Attributable to Common Stockholders | $(27.6) | $34.4 | $199.4 | $6.8 | $239.0 |
| Adjusted EBITDA <sup>(2)</sup> | Adjusted EBITDA <sup>(2)</sup> | $93.3 | $144.0 | $309.7 | $237.3 | $470.2 |
| Diluted EPS - (Loss) Income from Continuing Operations <sup>(3)(4)</sup> | Diluted EPS - (Loss) Income from Continuing Operations <sup>(3)(4)</sup> | $(0.22) | $0.27 | $1.43 | $0.06 | $1.72 |
| Diluted EPS - Net (Loss) Income Attributable to Common Stockholders <sup>(3)</sup> | Diluted EPS - Net (Loss) Income Attributable to Common Stockholders <sup>(3)</sup> | $(0.23) | $0.27 | $1.42 | $0.06 | $1.70 |
| (1) | Excludes items shown separately. | Excludes items shown separately. | Excludes items shown separately. | Excludes items shown separately. |  |  |
| (2) | Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. |
| (3) | Weighted average diluted shares outstanding were 121.7 million, 138.7 million and 142.8 million during the quarters ended June 30, 2025, March 31, 2025 and June 30, 2024, respectively. Weighted average diluted shares outstanding were 122.3 million and 143.8 million during the six months ended June 30, 2025 and 2024, respectively. | Weighted average diluted shares outstanding were 121.7 million, 138.7 million and 142.8 million during the quarters ended June 30, 2025, March 31, 2025 and June 30, 2024, respectively. Weighted average diluted shares outstanding were 122.3 million and 143.8 million during the six months ended June 30, 2025 and 2024, respectively. | Weighted average diluted shares outstanding were 121.7 million, 138.7 million and 142.8 million during the quarters ended June 30, 2025, March 31, 2025 and June 30, 2024, respectively. Weighted average diluted shares outstanding were 122.3 million and 143.8 million during the six months ended June 30, 2025 and 2024, respectively. | Weighted average diluted shares outstanding were 121.7 million, 138.7 million and 142.8 million during the quarters ended June 30, 2025, March 31, 2025 and June 30, 2024, respectively. Weighted average diluted shares outstanding were 122.3 million and 143.8 million during the six months ended June 30, 2025 and 2024, respectively. | Weighted average diluted shares outstanding were 121.7 million, 138.7 million and 142.8 million during the quarters ended June 30, 2025, March 31, 2025 and June 30, 2024, respectively. Weighted average diluted shares outstanding were 122.3 million and 143.8 million during the six months ended June 30, 2025 and 2024, respectively. | Weighted average diluted shares outstanding were 121.7 million, 138.7 million and 142.8 million during the quarters ended June 30, 2025, March 31, 2025 and June 30, 2024, respectively. Weighted average diluted shares outstanding were 122.3 million and 143.8 million during the six months ended June 30, 2025 and 2024, respectively. |
| (4) | Reflects (loss) income from continuing operations, net of income taxes less net income attributable to noncontrolling interests. | Reflects (loss) income from continuing operations, net of income taxes less net income attributable to noncontrolling interests. | Reflects (loss) income from continuing operations, net of income taxes less net income attributable to noncontrolling interests. | Reflects (loss) income from continuing operations, net of income taxes less net income attributable to noncontrolling interests. | Reflects (loss) income from continuing operations, net of income taxes less net income attributable to noncontrolling interests. | Reflects (loss) income from continuing operations, net of income taxes less net income attributable to noncontrolling interests. |
| *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* |

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| | | |
|:---|:---|:---|
| **Condensed Consolidated Balance Sheets** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| **As of Jun. 30, 2025 and Dec. 31, 2024** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| (Dollars In Millions) |  |  |
|  | **(Unaudited)** |  |
|  | **Jun. 30, 2025** | **Dec. 31, 2024** |
| Cash and Cash Equivalents | $585.9 | $700.4 |
| Accounts Receivable, Net | 322.7 | 359.3 |
| Inventories, Net | 417.5 | 393.4 |
| Other Current Assets | 301.2 | 327.6 |
| &nbsp;&nbsp;Total Current Assets | 1627.3 | 1780.7 |
| Property, Plant, Equipment and Mine Development, Net | 3056.3 | 3081.5 |
| Operating Lease Right-of-Use Assets | 74.6 | 119.3 |
| Restricted Cash and Collateral | 847.1 | 809.8 |
| Investments and Other Assets | 158.1 | 162.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Assets | $5763.4 | $5953.7 |
| Current Portion of Long-Term Debt  | $14.6 | $15.8 |
| Accounts Payable and Accrued Expenses | 722.4 | 811.7 |
| &nbsp;&nbsp;Total Current Liabilities | 737.0 | 827.5 |
| Long-Term Debt, Less Current Portion | 329.2 | 332.3 |
| Deferred Income Taxes | 38.4 | 40.9 |
| Asset Retirement Obligations, Less Current Portion | 673.3 | 667.8 |
| Accrued Postretirement Benefit Costs | 117.9 | 120.4 |
| Operating Lease Liabilities, Less Current Portion | 50.3 | 86.7 |
| Other Noncurrent Liabilities | 143.2 | 169.3 |
| &nbsp;&nbsp;Total Liabilities | 2089.3 | 2244.9 |
| Common Stock | 1.9 | 1.9 |
| Additional Paid-in Capital | 3996.0 | 3990.5 |
| Treasury Stock | (1927.3) | (1926.5) |
| Retained Earnings | 1434.1 | 1445.8 |
| Accumulated Other Comprehensive Income | 120.6 | 138.8 |
| Peabody Energy Corporation Stockholders' Equity | 3625.3 | 3650.5 |
| Noncontrolling Interests | 48.8 | 58.3 |
| &nbsp;&nbsp;Total Stockholders' Equity | 3674.1 | 3708.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities and Stockholders' Equity | $5763.4 | $5953.7 |
| *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Condensed Consolidated Statements of Cash Flows (Unaudited)** | **Condensed Consolidated Statements of Cash Flows (Unaudited)** | **Condensed Consolidated Statements of Cash Flows (Unaudited)** | **Condensed Consolidated Statements of Cash Flows (Unaudited)** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| (Dollars In Millions) |  |  |  |  |  |
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six Months Ended** | **Six Months Ended** |
|  | **Jun.** | **Mar.** | **Jun.** | **Jun.** | **Jun.** |
|  | **2025** | **2025** | **2024** | **2025** | **2024** |
| **Cash Flows From Operating Activities** |  |  |  |  |  |
| **Net Cash Provided By Continuing Operations** | $23.8 | $120.5 | $9.7 | $144.3 | $130.0 |
| Net Cash Used in Discontinued Operations | (0.6) | (0.6) | (1.9) | (1.2) | (3.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Cash Provided By Operating Activities** | 23.2 | 119.9 | 7.8 | 143.1 | 126.8 |
| **Cash Flows From Investing Activities** |  |  |  |  |  |
| Additions to Property, Plant, Equipment and Mine Development | (94.2) | (70.4) | (105.6) | (164.6) | (167.0) |
| Changes in Accrued Expenses Related to Capital Expenditures | (3.4) | (38.6) | (6.9) | (42.0) | (13.7) |
| Wards Well Acquisition |  |  | (143.8) |  | (143.8) |
| Insurance Proceeds Attributable to Shoal Creek Equipment Losses |  |  | 5.6 |  | 5.6 |
| Proceeds from Disposal of Assets, Net of Receivables | 5.3 | 7.2 | 13.1 | 12.5 | 15.5 |
| Contributions to Joint Ventures | (153.0) | (138.3) | (170.7) | (291.3) | (373.5) |
| Distributions from Joint Ventures | 155.9 | 150.8 | 167.4 | 306.7 | 360.6 |
| Other, Net | (1.7) | (0.3) | (0.7) | (2.0) | (0.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Cash Used In Investing Activities** | (91.1) | (89.6) | (241.6) | (180.7) | (316.8) |
| **Cash Flows From Financing Activities** |  |  |  |  |  |
| Repayments of Long-Term Debt | (4.8) | (2.8) | (2.4) | (7.6) | (4.6) |
| Payment of Debt Issuance and Other Deferred Financing Costs | (0.1) | (1.7) | (0.3) | (1.8) | (11.1) |
| Common Stock Repurchases |  |  |  |  | (83.1) |
| Excise Taxes Paid Related to Common Stock Repurchases | (1.7) |  |  | (1.7) |  |
| Repurchase of Employee Common Stock Relinquished for Tax Withholding |  | (0.8) | (0.7) | (0.8) | (4.1) |
| Dividends Paid | (9.2) | (9.1) | (9.4) | (18.3) | (19.1) |
| Distributions to Noncontrolling Interests |  | (14.7) |  | (14.7) | (18.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Cash Used In Financing Activities** | (15.8) | (29.1) | (12.8) | (44.9) | (140.5) |
| **Net Change in Cash, Cash Equivalents and Restricted Cash** | (83.7) | 1.2 | (246.6) | (82.5) | (330.5) |
| **Cash, Cash Equivalents and Restricted Cash at Beginning of Period** | 1383.8 | 1382.6 | 1566.3 | 1382.6 | 1650.2 |
| **Cash, Cash Equivalents and Restricted Cash at End of Period** | $1300.1 | $1383.8 | $1319.7 | $1300.1 | $1319.7 |
| *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Reconciliation of Non-GAAP Financial Measures (Unaudited)** | **Reconciliation of Non-GAAP Financial Measures (Unaudited)** | **Reconciliation of Non-GAAP Financial Measures (Unaudited)** | **Reconciliation of Non-GAAP Financial Measures (Unaudited)** | **Reconciliation of Non-GAAP Financial Measures (Unaudited)** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| (Dollars In Millions) | (Dollars In Millions) |  |  |  |  |  |
| *Note*: Management believes that non-GAAP measures are used by investors to measure our operating performance. These measures are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by other companies. | *Note*: Management believes that non-GAAP measures are used by investors to measure our operating performance. These measures are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by other companies. | *Note*: Management believes that non-GAAP measures are used by investors to measure our operating performance. These measures are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by other companies. | *Note*: Management believes that non-GAAP measures are used by investors to measure our operating performance. These measures are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by other companies. | *Note*: Management believes that non-GAAP measures are used by investors to measure our operating performance. These measures are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by other companies. | *Note*: Management believes that non-GAAP measures are used by investors to measure our operating performance. These measures are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by other companies. | *Note*: Management believes that non-GAAP measures are used by investors to measure our operating performance. These measures are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by other companies. |
|  |  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six Months Ended** | **Six Months Ended** |
|  |  | **Jun.** | **Mar.** | **Jun.** | **Jun.** | **Jun.** |
|  |  | **2025** | **2025** | **2024** | **2025** | **2024** |
| (Loss) Income from Continuing Operations, Net of Income Taxes | (Loss) Income from Continuing Operations, Net of Income Taxes | $(25.6) | $38.3 | $210.8 | $12.7 | $256.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation, Depletion and Amortization | &nbsp;&nbsp;&nbsp;&nbsp;Depreciation, Depletion and Amortization | 93.4 | 92.1 | 82.9 | 185.5 | 162.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Retirement Obligation Expenses | &nbsp;&nbsp;&nbsp;&nbsp;Asset Retirement Obligation Expenses | 13.8 | 13.6 | 12.9 | 27.4 | 25.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring Charges | &nbsp;&nbsp;&nbsp;&nbsp;Restructuring Charges | 3.5 | 1.7 | 0.1 | 5.2 | 0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transaction Costs Related to Business Combinations | &nbsp;&nbsp;&nbsp;&nbsp;Transaction Costs Related to Business Combinations | 18.8 | 2.4 |  | 21.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for NARM Loss | &nbsp;&nbsp;&nbsp;&nbsp;Provision for NARM Loss |  |  | 1.9 |  | 3.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shoal Creek Insurance Recovery - Property Damage | &nbsp;&nbsp;&nbsp;&nbsp;Shoal Creek Insurance Recovery - Property Damage |  |  | (28.7) |  | (28.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in Amortization of Basis Difference Related to Equity Affiliates | &nbsp;&nbsp;&nbsp;&nbsp;Changes in Amortization of Basis Difference Related to Equity Affiliates | (0.8) | (0.6) | (0.3) | (1.4) | (0.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest Expense, Net of Capitalized Interest | &nbsp;&nbsp;&nbsp;&nbsp;Interest Expense, Net of Capitalized Interest | 11.1 | 11.5 | 10.7 | 22.6 | 25.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest Income | &nbsp;&nbsp;&nbsp;&nbsp;Interest Income | (13.8) | (15.4) | (16.8) | (29.2) | (36.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized (Gains) Losses on Foreign Currency Option Contracts | &nbsp;&nbsp;&nbsp;&nbsp;Unrealized (Gains) Losses on Foreign Currency Option Contracts | (4.1) | (4.3) | (2.4) | (8.4) | 3.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Take-or-Pay Contract-Based Intangible Recognition | &nbsp;&nbsp;&nbsp;&nbsp;Take-or-Pay Contract-Based Intangible Recognition | (0.3) | (0.2) | (0.8) | (0.5) | (1.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income Tax (Benefit) Provision | &nbsp;&nbsp;&nbsp;&nbsp;Income Tax (Benefit) Provision | (2.7) | 4.9 | 39.4 | 2.2 | 59.5 |
| Adjusted EBITDA <sup>(1)</sup> | Adjusted EBITDA <sup>(1)</sup> | $93.3 | $144.0 | $309.7 | $237.3 | $470.2 |
| Operating Costs and Expenses | Operating Costs and Expenses | $789.4 | $770.2 | $803.9 | $1559.6 | $1618.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized Gains (Losses) on Foreign Currency Option Contracts | &nbsp;&nbsp;&nbsp;&nbsp;Unrealized Gains (Losses) on Foreign Currency Option Contracts | 4.1 | 4.3 | 2.4 | 8.4 | (3.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Take-or-Pay Contract-Based Intangible Recognition | &nbsp;&nbsp;&nbsp;&nbsp;Take-or-Pay Contract-Based Intangible Recognition | 0.3 | 0.2 | 0.8 | 0.5 | 1.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Periodic Benefit Credit, Excluding Service Cost | &nbsp;&nbsp;&nbsp;&nbsp;Net Periodic Benefit Credit, Excluding Service Cost | (7.4) | (7.4) | (10.2) | (14.8) | (20.3) |
| Total Segment Costs <sup>(2)</sup> | Total Segment Costs <sup>(2)</sup> | $786.4 | $767.3 | $796.9 | $1553.7 | $1596.0 |
| (1) | Adjusted EBITDA is defined as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by the chief operating decision maker as the primary financial metric to measure each of our segment's operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions. | Adjusted EBITDA is defined as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by the chief operating decision maker as the primary financial metric to measure each of our segment's operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions. | Adjusted EBITDA is defined as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by the chief operating decision maker as the primary financial metric to measure each of our segment's operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions. | Adjusted EBITDA is defined as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by the chief operating decision maker as the primary financial metric to measure each of our segment's operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions. | Adjusted EBITDA is defined as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by the chief operating decision maker as the primary financial metric to measure each of our segment's operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions. | Adjusted EBITDA is defined as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by the chief operating decision maker as the primary financial metric to measure each of our segment's operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions. |
| (2) | Total Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Total Segment Costs is used by management as a component of a metric to measure each of our segment's operating performance. | Total Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Total Segment Costs is used by management as a component of a metric to measure each of our segment's operating performance. | Total Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Total Segment Costs is used by management as a component of a metric to measure each of our segment's operating performance. | Total Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Total Segment Costs is used by management as a component of a metric to measure each of our segment's operating performance. | Total Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Total Segment Costs is used by management as a component of a metric to measure each of our segment's operating performance. | Total Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Total Segment Costs is used by management as a component of a metric to measure each of our segment's operating performance. |
| *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* |

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|:---|:---|:---|:---|:---|:---|:---|
| **Supplemental Financial Data (Unaudited)** | **Supplemental Financial Data (Unaudited)** | **Supplemental Financial Data (Unaudited)** | **Supplemental Financial Data (Unaudited)** | **Supplemental Financial Data (Unaudited)** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | **For the Quarters Ended Jun. 30, 2025, Mar. 31, 2025 and Jun. 30, 2024 and the Six Months Ended Jun. 30, 2025 and 2024** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
|  |  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six Months Ended** | **Six Months Ended** |
|  |  | **Jun.** | **Mar.** | **Jun.** | **Jun.** | **Jun.** |
|  |  | **2025** | **2025** | **2024** | **2025** | **2024** |
| <u>Revenue Summary (In Millions)</u> | <u>Revenue Summary (In Millions)</u> |  |  |  |  |  |
| Seaborne Thermal | Seaborne Thermal | $195.1 | $265.1 | $307.5 | $460.2 | $591.4 |
| Seaborne Metallurgical | Seaborne Metallurgical | 252.2 | 220.1 | 294.3 | 472.3 | 541.3 |
| &nbsp;&nbsp;&nbsp;Powder River Basin | &nbsp;&nbsp;&nbsp;Powder River Basin | 275.7 | 275.6 | 221.9 | 551.3 | 476.0 |
| &nbsp;&nbsp;&nbsp;Other U.S. Thermal | &nbsp;&nbsp;&nbsp;Other U.S. Thermal | 155.1 | 168.7 | 202.0 | 323.8 | 393.6 |
| Total U.S. Thermal | Total U.S. Thermal | 430.8 | 444.3 | 423.9 | 875.1 | 869.6 |
| Corporate and Other | Corporate and Other | 12.0 | 7.5 | 16.3 | 19.5 | 23.3 |
| &nbsp;&nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;Total | $890.1 | $937.0 | $1042.0 | $1827.1 | $2025.6 |
| <u>Total Segment Costs Summary (In Millions)</u> <sup>(1)</sup> | <u>Total Segment Costs Summary (In Millions)</u> <sup>(1)</sup> |  |  |  |  |  |
| Seaborne Thermal | Seaborne Thermal | $161.6 | $180.9 | $203.1 | $342.5 | $393.2 |
| Seaborne Metallurgical | Seaborne Metallurgical | 261.4 | 206.9 | 231.5 | 468.3 | 430.2 |
| &nbsp;&nbsp;&nbsp;Powder River Basin | &nbsp;&nbsp;&nbsp;Powder River Basin | 232.7 | 239.3 | 204.1 | 472.0 | 441.8 |
| &nbsp;&nbsp;&nbsp;Other U.S. Thermal | &nbsp;&nbsp;&nbsp;Other U.S. Thermal | 141.6 | 135.8 | 166.6 | 277.4 | 311.7 |
| Total U.S. Thermal | Total U.S. Thermal | 374.3 | 375.1 | 370.7 | 749.4 | 753.5 |
| Corporate and Other | Corporate and Other | (10.9) | 4.4 | (8.4) | (6.5) | 19.1 |
| &nbsp;&nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;Total | $786.4 | $767.3 | $796.9 | $1553.7 | $1596.0 |
| <u>Other Supplemental Financial Data (In Millions)</u> | <u>Other Supplemental Financial Data (In Millions)</u> |  |  |  |  |  |
| Adjusted EBITDA - Seaborne Thermal | Adjusted EBITDA - Seaborne Thermal | $33.5 | $84.2 | $104.4 | $117.7 | $198.2 |
| &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Seaborne Metallurgical, Excluding Shoal Creek Insurance Recovery | &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Seaborne Metallurgical, Excluding Shoal Creek Insurance Recovery | (9.2) | 13.2 | 62.8 | 4.0 | 111.1 |
| &nbsp;&nbsp;&nbsp;Shoal Creek Insurance Recovery - Business Interruption | &nbsp;&nbsp;&nbsp;Shoal Creek Insurance Recovery - Business Interruption |  |  | 80.8 |  | 80.8 |
| Adjusted EBITDA - Seaborne Metallurgical | Adjusted EBITDA - Seaborne Metallurgical | (9.2) | 13.2 | 143.6 | 4.0 | 191.9 |
| &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Powder River Basin | &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Powder River Basin | 43.0 | 36.3 | 17.8 | 79.3 | 34.2 |
| &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Other U.S. Thermal | &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Other U.S. Thermal | 13.5 | 32.9 | 35.4 | 46.4 | 81.9 |
| Adjusted EBITDA - Total U.S. Thermal | Adjusted EBITDA - Total U.S. Thermal | 56.5 | 69.2 | 53.2 | 125.7 | 116.1 |
| Middlemount | Middlemount | (1.3) | (6.9) | 1.9 | (8.2) | 1.1 |
| Resource Management Results <sup>(2)</sup> | Resource Management Results <sup>(2)</sup> | 17.3 | 5.5 | 9.9 | 22.8 | 14.3 |
| Selling and Administrative Expenses | Selling and Administrative Expenses | (23.5) | (23.6) | (22.1) | (47.1) | (44.1) |
| Other Operating Costs, Net <sup>(3)</sup> | Other Operating Costs, Net <sup>(3)</sup> | 20.0 | 2.4 | 18.8 | 22.4 | (7.3) |
| &nbsp;&nbsp;Adjusted EBITDA <sup>(1)</sup> | &nbsp;&nbsp;Adjusted EBITDA <sup>(1)</sup> | $93.3 | $144.0 | $309.7 | $237.3 | $470.2 |
| (1) | Total Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Total Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Total Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Total Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Total Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | Total Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. |
| (2) | Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue. | Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue. | Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue. | Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue. | Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue. | Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue. |
| (3) | Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's equity method investment in renewable energy joint ventures, costs associated with suspended operations, holding costs associated with the Centurion Mine, the impact of foreign currency remeasurement and expenses related to the Company's other commercial activities. | Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's equity method investment in renewable energy joint ventures, costs associated with suspended operations, holding costs associated with the Centurion Mine, the impact of foreign currency remeasurement and expenses related to the Company's other commercial activities. | Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's equity method investment in renewable energy joint ventures, costs associated with suspended operations, holding costs associated with the Centurion Mine, the impact of foreign currency remeasurement and expenses related to the Company's other commercial activities. | Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's equity method investment in renewable energy joint ventures, costs associated with suspended operations, holding costs associated with the Centurion Mine, the impact of foreign currency remeasurement and expenses related to the Company's other commercial activities. | Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's equity method investment in renewable energy joint ventures, costs associated with suspended operations, holding costs associated with the Centurion Mine, the impact of foreign currency remeasurement and expenses related to the Company's other commercial activities. | Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's equity method investment in renewable energy joint ventures, costs associated with suspended operations, holding costs associated with the Centurion Mine, the impact of foreign currency remeasurement and expenses related to the Company's other commercial activities. |
| *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* | *This information is intended to be reviewed in conjunction with the company's filings with the SEC.* |

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**Forward-Looking Statements**

*This press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's or the Board's current expectations or predictions of future conditions, events, or results. All statements that address operating performance, events, or developments that may occur in the future are forward-looking statements, including statements regarding the shareholder return framework, execution of the Company's operating plans, market conditions for the Company's products, reclamation obligations, financial outlook, potential acquisitions and strategic investments, and liquidity requirements. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive, and regulatory factors, many of which are beyond Peabody's control, that are described in Peabody's periodic reports filed with the SEC including its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024, its Quarterly Report on Form 10-Q for the quarter ended Mar. 31, 2025 and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody's website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.*

## Exhibit 99.2

**Exhibit 99.2**

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|:---|:---|
| ![peabodylogoa371a.jpg](peabodylogoa371a.jpg) | |
| | ***Media Release*** |

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**Peabody Board Declares Dividend on Common Stock**

ST. LOUIS, July 31, 2025 – Peabody (NYSE: BTU) announced today that its Board of Directors has declared a quarterly dividend on its common stock of $0.075 per share, payable on September 3, 2025 to stockholders of record on August 14, 2025.

Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com.

**Contact:**

Vic Svec

ir@peabodyenergy.com

**Forward-Looking Statements**

*This press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results. All statements that address operating performance, events, or developments that Peabody expects will occur in the future are forward-looking statements. They may include estimates of sales and other operating performance targets, cost savings, capital expenditures, dividends, share repurchases, other expense items, actions relating to strategic initiatives, demand for the company's products, liquidity, capital structure, market share, industry volume, other financial items, descriptions of management's plans or objectives for future operations and descriptions of assumptions underlying any of the above. The declaration and payment of future quarterly dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash flow and cash requirements, future prospects, and other factors deemed relevant by the Board. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond Peabody's control, that are described in Peabody's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024, its Quarterly Report on Form 10-Q for the quarter ended Mar. 31, 2025 and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody's website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.*