# EDGAR Filing Document

**Accession Number:** 0001064728
**File Stem:** 0001064728-26-000022
**Filing Date:** 2026-5
**Character Count:** 58263
**Document Hash:** 30dff4cc5a3f914f59799518df1ed12b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001064728-26-000022.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001064728-26-000022

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260505

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

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**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:** 26940486

**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-20260505

**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): May 5, 2026**

**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. ☐

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

On May 5, 2026, Peabody Energy Corporation ("Peabody" or the "Company") issued a press release setting forth Peabody's first quarter 2026 financial results and providing guidance on selected second quarter and full-year 2026 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 May 5, 2026, 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 June 8, 2026 to stockholders of record on May 19, 2026.

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](btu8k20260505ex991.htm)[May 5](btu8k20260505ex991.htm)[, 202](btu8k20260505ex991.htm)[6](btu8k20260505ex991.htm)[.](btu8k20260505ex991.htm)</u> |
| 99.2 | <u>[Press Release of Peabody Energy Corporation dated](btu8k20260505ex992.htm)[May 5](btu8k20260505ex992.htm)[, 202](btu8k20260505ex992.htm)[6](btu8k20260505ex992.htm)[.](btu8k20260505ex992.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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**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** |
| *May 5, 2026* | *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 the Quarter Ended March 31, 2026**

*Thermal Coal Volumes Exceed Expectations on Continued Strong Demand*

*Seaborne Thermal Results Benefit from Rising Prices*

*Centurion Mine Progressing Toward Full Longwall Production*

ST. LOUIS, May 5, 2026 – Peabody (NYSE: BTU) today reported net income attributable to common stockholders of $(32.4) million, or $(0.27) per diluted share, for the first quarter of 2026, compared to $34.4 million, or $0.27 per diluted share, in the prior-year quarter. Peabody reported Adjusted EBITDA<sup>1</sup> of $82.5 million in the first quarter of 2026 compared to $144.0 million in the prior-year quarter.

"Amid volatility in global energy markets, our thermal segments benefited from strong demand and higher realized pricing," said President and Chief Executive Officer Jim Grech. "While we have extended the Centurion commissioning period, due to temporary equipment and roof control challenges, we continue to advance toward full longwall production rates. Our first quarter results demonstrate the value of our diverse global platform and reflect the durability of coal's role in providing reliable and affordable power."

**Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Generated $82.5 million of Adjusted EBITDA in the first quarter, with two segments exceeding volume expectations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Delivered year-over-year higher price realizations across both seaborne coal segments, while achieving higher volumes and lower costs versus expectations from the seaborne thermal operations responding to increased demand from the Middle East conflict.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Working through challenging longwall commissioning conditions at Centurion with continued ramp up in the second quarter. See Centurion Update below for additional information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Benefited from continued strength in U.S. thermal markets, with higher volume year-over-year driven by growing electricity demand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Advanced rare earth element and critical mineral development, highlighted by promising germanium concentrations from expanded drilling and sampling. The company also continued to progress technical and economic studies, advanced commercial partnerships, and pursued multiple federal and state funding pathways to support domestic supply chain development.

<sup>1</sup> Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA margin is equal to segment Adjusted EBITDA divided by segment revenue. Revenue per Ton and Adjusted EBITDA Margin per Ton are equal to revenue by segment and Adjusted EBITDA by segment, 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 reportable 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 and definition of non-GAAP financial measures.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Declared a quarterly dividend of $0.075 per share on May 5, 2026, payable on June 8, 2026 to stockholders of record on May 19, 2026.

**First Quarter Segment Performance** 

---

| | | | |
|:---|:---|:---|:---|
| **<u>Seaborne Thermal</u>** | **<u>Seaborne Thermal</u>** | **<u>Seaborne Thermal</u>** | **<u>Seaborne Thermal</u>** |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| | **Mar.** | **Dec.** | **Mar.** |
|  | **2026** | **2025** | **2025** |
| Tons sold (in millions) | 3.0 | 3.3 | 4.4 |
| &nbsp;&nbsp;*Export* | *1.9* | *2.1* | *2.9* |
| &nbsp;&nbsp;*Domestic* | *1.1* | *1.2* | *1.5* |
| Revenue per Ton | $66.61 | $62.84 | $60.64 |
| &nbsp;&nbsp;*Export - Avg. Realized Price per Ton* | *86.25* | *81.80* | *79.39* |
| &nbsp;&nbsp;*Domestic - Avg. Realized Price per Ton* | *32.62* | *25.92* | *24.95* |
| Costs per Ton | 50.26 | 43.43 | 41.37 |
| **Adjusted EBITDA Margin per Ton** | $**16.35** | $**19.41** | $**19.27** |
| **Adjusted EBITDA (in millions)** | $**48.5** | $**63.5** | $**84.2** |

---

Seaborne Thermal delivered Adjusted EBITDA of $48.5 million in the first quarter, driven by 0.2 million export shipments above guidance and higher realized prices. Results benefited from increased Asian coal demand due to higher prices of competing LNG products in March as a result of the Middle East conflict. Costs per ton of $50.26 were below the low end of guidance due to higher production at both Australian thermal mines, resulting in 25 percent Adjusted EBITDA margins.

---

| | | | |
|:---|:---|:---|:---|
| **<u>Seaborne Metallurgical</u>** | **<u>Seaborne Metallurgical</u>** | **<u>Seaborne Metallurgical</u>** | **<u>Seaborne Metallurgical</u>** |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| | **Mar.** | **Dec.** | **Mar.** |
|  | **2026** | **2025** | **2025** |
| Tons sold (in millions) | 2.0 | 2.5 | 1.8 |
| Revenue per Ton | $138.28 | $122.84 | $125.15 |
| Costs per Ton | 141.72 | 112.94 | 117.66 |
| **Adjusted EBITDA Margin per Ton** | $**(3.44)** | $**9.90** | $**7.49** |
| **Adjusted EBITDA (in millions)** | $**(7.0)** | $**24.6** | $**13.2** |

---

Seaborne Metallurgical results were lower than expected due to 0.4 million tons lower volume related to the temporary challenges at Centurion and adverse weather conditions at Coppabella, partially offset by completing an accelerated longwall move at Metropolitan. The segment reported Adjusted EBITDA loss of $7.0 million, including approximately $80 million impact from Centurion, while benefitting from 13 percent higher average realized prices compared to the prior quarter.

------

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| | | | |
|:---|:---|:---|:---|
| **<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** |
| | **Mar.** | **Dec.** | **Mar.** |
|  | **2026** | **2025** | **2025** |
| Tons sold (in millions) | 21.2 | 22.3 | 19.6 |
| Revenue per Ton | $13.65 | $13.44 | $14.02 |
| Costs per Ton | 12.53 | 11.44 | 12.18 |
| **Adjusted EBITDA Margin per Ton** | $**1.12** | $**2.00** | $**1.84** |
| **Adjusted EBITDA (in millions)** | $**23.7** | $**44.8** | $**36.3** |

---

Powder River Basin generated Adjusted EBITDA of $23.7 million in the first quarter, with sales volumes above guidance. Costs per ton of $12.53 were modestly above target, due to sales mix changes and timing of equipment maintenance and repair costs.

---

| | | | |
|:---|:---|:---|:---|
| **<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** |
| | **Mar.** | **Dec.** | **Mar.** |
|  | **2026** | **2025** | **2025** |
| Tons sold (in millions) | 3.3 | 3.7 | 3.1 |
| Revenue per Ton | $55.79 | $51.64 | $54.32 |
| Costs per Ton | 44.37 | 46.77 | 43.71 |
| **Adjusted EBITDA Margin per Ton** | $**11.42** | $**4.87** | $**10.61** |
| **Adjusted EBITDA (in millions)** | $**37.8** | $**18.1** | $**32.9** |

---

Other U.S. Thermal delivered Adjusted EBITDA of $37.8 million in the first quarter. Volumes were in line with expectations, while costs per ton of $44.37 came in below company targets, reflecting disciplined cost control and higher production at underground operations. The segment reported 20 percent Adjusted EBITDA margins.

-----------

**Centurion Update** 

During initial longwall commissioning, electrical and mechanical issues, now resolved, constrained cutting speeds which contributed to temporary challenges to roof conditions. The company implemented a comprehensive response plan focused on proactive strata management, targeted equipment optimization, and deployment of additional technical and operational resources. The Company anticipates completing commissioning and production ramp-up in the second quarter, and running at full longwall production rates throughout the second half of the year.

The company expects Centurion to sell approximately 0.3 million tons in the second quarter. The longwall move initially planned for the fourth quarter is now expected in early 2027, leading to full year 2026 volume of 2.5 million tons compared to the original 3.5 million ton expectation.

"While this was not the start we had anticipated, we quickly mobilized the most experienced engineering and operating personnel to address the challenges," said Mr. Grech. "The team has responded safely and effectively, stabilizing performance and positioning the operation for increased production moving forward."

**Second Quarter 2026 Outlook** 

<u>Seaborne Thermal</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Volume is expected to be 3.0 million tons, including 1.9 million export tons. 0.3 million export tons are priced at approximately $64.60 per ton, and 1.0 million tons of Newcastle product and 0.6 million tons of high ash product are unpriced. Costs are anticipated to be $57—$62 per ton.

------

<u>Seaborne Metallurgical</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Seaborne met volumes are expected to be 2.3 million tons and are expected to achieve approximately 75 percent of the premium hard coking coal price index. Costs are anticipated to be $145—$150 per ton.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• PRB volume is expected to be 19 million tons at an average price of $13.50 per ton and costs of approximately $13.00—$13.50 per ton.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other U.S. Thermal volume is expected to be 3.4 million tons at an average price of $54.50 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:**

Kala Finklang

Email: ir@peabodyenergy.com

------

**Guidance Targets**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2026 Full Year** | **2026 Full Year** | **2026 Full Year** | **2026 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 | 12.0 - 13.0 | 6.7 | $48.93 | $49.50 - $54.50 |
| &nbsp;&nbsp;&nbsp;Seaborne Thermal (Export) | 7.5 - 8.5 | 2.2 | $82.94 | N/A |
| &nbsp;&nbsp;&nbsp;Seaborne Thermal (Domestic) | 4.5 | 4.5 | $32.31 | N/A |
| Seaborne Metallurgical | 9.3 - 10.3 | 3.0 | $138.84 | $123.00 - $133.00 |
| PRB U.S. Thermal | 82.0 - 88.0 | 80.5 | $13.50 | $11.75 - $12.25 |
| Other U.S. Thermal | 13.2 - 14.2 | 13.4 | $55.25 | $45.00 - $49.00 |
| **<u>Other Annual Financial Metrics ($ 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>** |
|  | **2026 Full Year** |  |  |  |
| SG&A | $115 |  |  |  |
| Total Capital Expenditures | $340 |  |  |  |
| ARO Cash Spend | $65 |  |  |  |
| **<u>Supplemental Information</u>** | **<u>Supplemental Information</u>** | **<u>Supplemental Information</u>** | **<u>Supplemental Information</u>** | **<u>Supplemental Information</u>** |
| Seaborne Thermal | 50% of unpriced export volumes are expected to price on average at Globalcoal "NEWC" levels and 50% are expected to have a higher ash content and price at 85-95% of API 5 price levels. | 50% of unpriced export volumes are expected to price on average at Globalcoal "NEWC" levels and 50% are expected to have a higher ash content and price at 85-95% of API 5 price levels. | 50% of unpriced export volumes are expected to price on average at Globalcoal "NEWC" levels and 50% are expected to have a higher ash content and price at 85-95% of API 5 price levels. | 50% of unpriced export volumes are expected to price on average at Globalcoal "NEWC" levels and 50% are expected to have a higher ash content and price at 85-95% of API 5 price levels. |
| Seaborne Metallurgical | On average, Peabody's metallurgical sales are anticipated to price at ~80% of the premium hard-coking coal index price (FOB Australia). | On average, Peabody's metallurgical sales are anticipated to price at ~80% of the premium hard-coking coal index price (FOB Australia). | On average, Peabody's metallurgical sales are anticipated to price at ~80% of the premium hard-coking coal index price (FOB Australia). | On average, Peabody's metallurgical sales are anticipated to price at ~80% 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 March 31, 2026. Weighted average quality for the PRB segment 2026 volume is approximately 8,725 BTU. | PRB and Other U.S. Thermal volumes reflect volumes priced at March 31, 2026. Weighted average quality for the PRB segment 2026 volume is approximately 8,725 BTU. | PRB and Other U.S. Thermal volumes reflect volumes priced at March 31, 2026. Weighted average quality for the PRB segment 2026 volume is approximately 8,725 BTU. | PRB and Other U.S. Thermal volumes reflect volumes priced at March 31, 2026. Weighted average quality for the PRB segment 2026 volume is approximately 8,725 BTU. |

---

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.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | ![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** |
|  |  | **Mar.** | **Dec.** | **Mar.** |
|  |  | **2026** | **2025** | **2025** |
| Revenue | Revenue | $973.3 | $1022.3 | $937.0 |
| Operating Costs and Expenses <sup>(1)</sup> | Operating Costs and Expenses <sup>(1)</sup> | 864.7 | 878.4 | 770.2 |
| Depreciation, Depletion and Amortization | Depreciation, Depletion and Amortization | 109.5 | 99.0 | 92.1 |
| Asset Retirement Obligation Expenses | Asset Retirement Obligation Expenses | 13.6 | (4.8) | 13.6 |
| Selling and Administrative Expenses | Selling and Administrative Expenses | 31.6 | 30.5 | 23.6 |
| Restructuring Charges | Restructuring Charges | 1.1 | 0.3 | 1.7 |
| Costs Related to Terminated Acquisition | Costs Related to Terminated Acquisition | 3.0 | 3.7 | 2.4 |
| Net Gain on Disposals | Net Gain on Disposals | (11.7) | (2.4) | (5.2) |
| Loss from Equity Affiliates | Loss from Equity Affiliates | 5.7 | 4.2 | 6.7 |
| Other Operating Loss | Other Operating Loss |  | 5.6 |  |
| Operating (Loss) Profit | Operating (Loss) Profit | (44.2) | 7.8 | 31.9 |
| Interest Expense, Net of Capitalized Interest | Interest Expense, Net of Capitalized Interest | 10.7 | 11.3 | 11.5 |
| Interest Income | Interest Income | (13.1) | (12.3) | (15.4) |
| Net Periodic Benefit Credit, Excluding Service Cost | Net Periodic Benefit Credit, Excluding Service Cost | (0.4) | (7.4) | (7.4) |
| Net Mark-to-Market Adjustment on Actuarially Determined Liabilities | Net Mark-to-Market Adjustment on Actuarially Determined Liabilities |  | (5.4) |  |
| (Loss) Income from Continuing Operations Before Income Taxes | (Loss) Income from Continuing Operations Before Income Taxes | (41.4) | 21.6 | 43.2 |
| Income Tax (Benefit) Provision | Income Tax (Benefit) Provision | (16.0) | 10.0 | 4.9 |
| (Loss) Income from Continuing Operations, Net of Income Taxes | (Loss) Income from Continuing Operations, Net of Income Taxes | (25.4) | 11.6 | 38.3 |
| (Loss) Income from Discontinued Operations, Net of Income Taxes | (Loss) Income from Discontinued Operations, Net of Income Taxes | (0.2) | 0.8 | (0.3) |
| Net (Loss) Income | Net (Loss) Income | (25.6) | 12.4 | 38.0 |
| Less: Net Income Attributable to Noncontrolling Interests | Less: Net Income Attributable to Noncontrolling Interests | 6.8 | 2.0 | 3.6 |
| Net (Loss) Income Attributable to Common Stockholders | Net (Loss) Income Attributable to Common Stockholders | $(32.4) | $10.4 | $34.4 |
| Adjusted EBITDA <sup>(2)</sup> | Adjusted EBITDA <sup>(2)</sup> | $82.5 | $118.1 | $144.0 |
| Diluted EPS - (Loss) Income from Continuing Operations <sup>(3)(4)</sup> | Diluted EPS - (Loss) Income from Continuing Operations <sup>(3)(4)</sup> | $(0.26) | $0.08 | $0.27 |
| Diluted EPS - Net (Loss) Income Attributable to Common Stockholders <sup>(3)</sup> | Diluted EPS - Net (Loss) Income Attributable to Common Stockholders <sup>(3)</sup> | $(0.27) | $0.09 | $0.27 |
| (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. |
| (3) | Weighted average diluted shares outstanding were 122.0 million, 123.0 million and 138.7 million during the quarters ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. | Weighted average diluted shares outstanding were 122.0 million, 123.0 million and 138.7 million during the quarters ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. | Weighted average diluted shares outstanding were 122.0 million, 123.0 million and 138.7 million during the quarters ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. | Weighted average diluted shares outstanding were 122.0 million, 123.0 million and 138.7 million during the quarters ended March 31, 2026, December 31, 2025 and March 31, 2025, 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. |
| *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 Mar. 31, 2026 and Dec. 31, 2025** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| (Dollars In Millions) |  |  |
|  | **(Unaudited)** |  |
|  | **Mar. 31, 2026** | **Dec. 31, 2025** |
| Cash and Cash Equivalents | $492.5 | $575.3 |
| Accounts Receivable, Net | 309.5 | 314.9 |
| Inventories, Net | 405.5 | 383.2 |
| Other Current Assets | 303.8 | 285.4 |
| &nbsp;&nbsp;Total Current Assets | 1511.3 | 1558.8 |
| Property, Plant, Equipment and Mine Development, Net | 3129.9 | 3153.3 |
| Operating Lease Right-of-Use Assets | 128.9 | 121.2 |
| Restricted Cash and Collateral | 811.3 | 844.1 |
| Investments and Other Assets | 126.3 | 127.6 |
| Deferred Income Taxes | 2.3 | 2.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Assets | $5710.0 | $5807.2 |
| Current Portion of Long-Term Debt  | $14.3 | $15.2 |
| Accounts Payable and Accrued Expenses | 795.6 | 827.0 |
| &nbsp;&nbsp;Total Current Liabilities | 809.9 | 842.2 |
| Long-Term Debt, Less Current Portion | 320.9 | 321.2 |
| Deferred Income Taxes | 3.5 | 26.3 |
| Asset Retirement Obligations, Less Current Portion | 694.4 | 692.8 |
| Accrued Postretirement Benefit Costs | 108.8 | 109.2 |
| Operating Lease Liabilities, Less Current Portion | 94.4 | 87.5 |
| Other Noncurrent Liabilities | 138.0 | 145.8 |
| &nbsp;&nbsp;Total Liabilities | 2169.9 | 2225.0 |
| Common Stock | 1.9 | 1.9 |
| Additional Paid-in Capital | 4010.3 | 4004.8 |
| Treasury Stock | (1930.6) | (1927.3) |
| Retained Earnings | 1314.2 | 1355.9 |
| Accumulated Other Comprehensive Income | 99.4 | 101.1 |
| Peabody Energy Corporation Stockholders' Equity | 3495.2 | 3536.4 |
| Noncontrolling Interests | 44.9 | 45.8 |
| &nbsp;&nbsp;Total Stockholders' Equity | 3540.1 | 3582.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities and Stockholders' Equity | $5710.0 | $5807.2 |
| *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)** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| (Dollars In Millions) |  |  |  |
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  | **Mar.** | **Dec.** | **Mar.** |
|  | **2026** | **2025** | **2025** |
| **Cash Flows From Operating Activities** |  |  |  |
| **Net Cash Provided By Continuing Operations** | $30.6 | $69.2 | $120.5 |
| Net Cash Used in Discontinued Operations | (0.6) | (0.6) | (0.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Cash Provided By Operating Activities** | 30.0 | 68.6 | 119.9 |
| **Cash Flows From Investing Activities** |  |  |  |
| Additions to Property, Plant, Equipment and Mine Development | (85.4) | (130.6) | (70.4) |
| Changes in Accrued Expenses Related to Capital Expenditures | (37.1) | 24.6 | (38.6) |
| Proceeds from Disposal of Assets, Net of Receivables | 5.4 | 15.9 | 7.2 |
| Contributions to Joint Ventures | (165.6) | (165.7) | (138.3) |
| Distributions from Joint Ventures | 160.2 | 162.8 | 150.8 |
| Other, Net | (1.0) | (0.8) | (0.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Cash Used In Investing Activities** | (123.5) | (93.8) | (89.6) |
| **Cash Flows From Financing Activities** |  |  |  |
| Repayments of Long-Term Debt | (2.4) | (2.3) | (2.8) |
| Payment of Debt Issuance and Other Deferred Financing Costs |  |  | (1.7) |
| Repurchase of Employee Common Stock Relinquished for Tax Withholding | (3.3) |  | (0.8) |
| Dividends Paid | (9.2) | (9.0) | (9.1) |
| Distributions to Noncontrolling Interests | (7.7) | (0.1) | (14.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net Cash Used In Financing Activities** | (22.6) | (11.4) | (29.1) |
| **Net Change in Cash, Cash Equivalents and Restricted Cash** | (116.1) | (36.6) | 1.2 |
| **Cash, Cash Equivalents and Restricted Cash at Beginning of Period** | 1284.5 | 1321.1 | 1382.6 |
| **Cash, Cash Equivalents and Restricted Cash at End of Period** | $1168.4 | $1284.5 | $1383.8 |
| *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)** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| (Dollars In Millions) | (Dollars In Millions) |  |  |  |
| *Note*: Management believes that non-GAAP financial 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 financial 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 financial 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 financial 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 financial 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** |
|  |  | **Mar.** | **Dec.** | **Mar.** |
|  |  | **2026** | **2025** | **2025** |
| (Loss) Income from Continuing Operations, Net of Income Taxes | (Loss) Income from Continuing Operations, Net of Income Taxes | $(25.4) | $11.6 | $38.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation, Depletion and Amortization | &nbsp;&nbsp;&nbsp;&nbsp;Depreciation, Depletion and Amortization | 109.5 | 99.0 | 92.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Retirement Obligation Expenses | &nbsp;&nbsp;&nbsp;&nbsp;Asset Retirement Obligation Expenses | 13.6 | (4.8) | 13.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring Charges | &nbsp;&nbsp;&nbsp;&nbsp;Restructuring Charges | 1.1 | 0.3 | 1.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Costs Related to Terminated Acquisition | &nbsp;&nbsp;&nbsp;&nbsp;Costs Related to Terminated Acquisition | 3.0 | 3.7 | 2.4 |
| &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 | (0.6) | (0.8) | (0.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Operating Loss | &nbsp;&nbsp;&nbsp;&nbsp;Other Operating Loss |  | 5.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest Expense, Net of Capitalized Interest | &nbsp;&nbsp;&nbsp;&nbsp;Interest Expense, Net of Capitalized Interest | 10.7 | 11.3 | 11.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest Income | &nbsp;&nbsp;&nbsp;&nbsp;Interest Income | (13.1) | (12.3) | (15.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Mark-to-Market Adjustment on Actuarially Determined Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;Net Mark-to-Market Adjustment on Actuarially Determined Liabilities |  | (5.4) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized (Gains) Losses on Foreign Currency Option Contracts | &nbsp;&nbsp;&nbsp;&nbsp;Unrealized (Gains) Losses on Foreign Currency Option Contracts | (0.3) | 0.1 | (4.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Take-or-Pay Contract-Based Intangible Recognition | &nbsp;&nbsp;&nbsp;&nbsp;Take-or-Pay Contract-Based Intangible Recognition |  | (0.2) | (0.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income Tax (Benefit) Provision | &nbsp;&nbsp;&nbsp;&nbsp;Income Tax (Benefit) Provision | (16.0) | 10.0 | 4.9 |
| Adjusted EBITDA <sup>(1)</sup> | Adjusted EBITDA <sup>(1)</sup> | $82.5 | $118.1 | $144.0 |
| Operating Costs and Expenses | Operating Costs and Expenses | $864.7 | $878.4 | $770.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized Gains (Losses) on Foreign Currency Option Contracts | &nbsp;&nbsp;&nbsp;&nbsp;Unrealized Gains (Losses) on Foreign Currency Option Contracts | 0.3 | (0.1) | 4.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Take-or-Pay Contract-Based Intangible Recognition | &nbsp;&nbsp;&nbsp;&nbsp;Take-or-Pay Contract-Based Intangible Recognition |  | 0.2 | 0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Periodic Benefit Credit, Excluding Service Cost | &nbsp;&nbsp;&nbsp;&nbsp;Net Periodic Benefit Credit, Excluding Service Cost | (0.4) | (7.4) | (7.4) |
| Total Segment Costs <sup>(2)</sup> | Total Segment Costs <sup>(2)</sup> | $864.6 | $871.1 | $767.3 |
| (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 the reportable segments' 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 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 the reportable segments' 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 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 the reportable segments' 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 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 the reportable segments' 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 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 reportable 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 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 reportable 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 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 reportable 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 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 reportable 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 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.* |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Supplemental Financial Data (Unaudited)** | **Supplemental Financial Data (Unaudited)** | **Supplemental Financial Data (Unaudited)** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
| **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | **For the Quarters Ended Mar. 31, 2026, Dec. 31, 2025 and Mar. 31, 2025** | ![image7.jpg](image7.jpg) | ![image7.jpg](image7.jpg) |
|  |  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  |  | **Mar.** | **Dec.** | **Mar.** |
|  |  | **2026** | **2025** | **2025** |
| Tons Sold (In Millions) | Tons Sold (In Millions) | 29.6 | 31.9 | 28.9 |
| <u>Revenue Summary (In Millions)</u> | <u>Revenue Summary (In Millions)</u> |  |  |  |
| Seaborne Thermal | Seaborne Thermal | $197.5 | $205.6 | $265.1 |
| Seaborne Metallurgical | Seaborne Metallurgical | 283.0 | 305.4 | 220.1 |
| &nbsp;&nbsp;&nbsp;Powder River Basin | &nbsp;&nbsp;&nbsp;Powder River Basin | 289.5 | 300.3 | 275.6 |
| &nbsp;&nbsp;&nbsp;Other U.S. Thermal | &nbsp;&nbsp;&nbsp;Other U.S. Thermal | 184.5 | 191.5 | 168.7 |
| Total U.S. Thermal | Total U.S. Thermal | 474.0 | 491.8 | 444.3 |
| Corporate and Other | Corporate and Other | 18.8 | 19.5 | 7.5 |
| &nbsp;&nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;Total | $973.3 | $1022.3 | $937.0 |
| <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 | $149.0 | $142.1 | $180.9 |
| Seaborne Metallurgical | Seaborne Metallurgical | 290.0 | 280.8 | 206.9 |
| &nbsp;&nbsp;&nbsp;Powder River Basin | &nbsp;&nbsp;&nbsp;Powder River Basin | 265.8 | 255.5 | 239.3 |
| &nbsp;&nbsp;&nbsp;Other U.S. Thermal | &nbsp;&nbsp;&nbsp;Other U.S. Thermal | 146.7 | 173.4 | 135.8 |
| Total U.S. Thermal | Total U.S. Thermal | 412.5 | 428.9 | 375.1 |
| Corporate and Other | Corporate and Other | 13.1 | 19.3 | 4.4 |
| &nbsp;&nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;Total | $864.6 | $871.1 | $767.3 |
| <u>Other Supplemental Financial Data (In Millions)</u> | <u>Other Supplemental Financial Data (In Millions)</u> |  |  |  |
| Adjusted EBITDA - Seaborne Thermal | Adjusted EBITDA - Seaborne Thermal | $48.5 | $63.5 | $84.2 |
| Adjusted EBITDA - Seaborne Metallurgical | Adjusted EBITDA - Seaborne Metallurgical | (7.0) | 24.6 | 13.2 |
| &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Powder River Basin | &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Powder River Basin | 23.7 | 44.8 | 36.3 |
| &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Other U.S. Thermal | &nbsp;&nbsp;&nbsp;Adjusted EBITDA - Other U.S. Thermal | 37.8 | 18.1 | 32.9 |
| Adjusted EBITDA - Total U.S. Thermal | Adjusted EBITDA - Total U.S. Thermal | 61.5 | 62.9 | 69.2 |
| Middlemount | Middlemount | (5.0) | (1.0) | (6.9) |
| Resource Management Results <sup>(2)</sup> | Resource Management Results <sup>(2)</sup> | 14.0 | 11.4 | 5.5 |
| Selling and Administrative Expenses | Selling and Administrative Expenses | (31.6) | (30.5) | (23.6) |
| Other Operating Costs, Net <sup>(3)</sup> | Other Operating Costs, Net <sup>(3)</sup> | 2.1 | (12.8) | 2.4 |
| &nbsp;&nbsp;Adjusted EBITDA <sup>(1)</sup> | &nbsp;&nbsp;Adjusted EBITDA <sup>(1)</sup> | $82.5 | $118.1 | $144.0 |
| (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. |
| (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. |
| (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 other equity method investments, 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 other equity method investments, 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 other equity method investments, 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 other equity method investments, 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.* |

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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, 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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|:---|:---|
| ![peabodylogoa37a.jpg](peabodylogoa37a.jpg) | |
| | ***Media Release*** |

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**Peabody Board Declares Dividend on Common Stock**

ST. LOUIS, May 5, 2026 – 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 June 8, 2026 to stockholders of record on May 19, 2026.

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:**

Kala Finklang

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, 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.*