Company Market Research Report: Peabody Energy, Inc.

Company Overview

Name, Mission of the Company

Name: Peabody Energy, Inc.

Mission: To create superior value for shareholders as the leading global supplier of coal, which enables economic prosperity and a better quality of life.

When Was the Company Founded and By Whom

No information is available.

Key People in the Company

Board of Directors:

• M. Katherine Banks

• Andrea Bertone

• Bill Champion

• Nicholas Chirekos

• Stephen Gorman

• Jim Grech (President and Chief Executive Officer)

• Joe Laymon

• Bob Malone (Non-Executive Chairman)

Executive Leadership Team:

• Jim Grech - President and Chief Executive Officer

• Patrick Forkin III - Chief Development Officer

• Marc Hathhorn - President, Global Operations

• Scott Jarboe - Chief Administrative Officer and Corporate Secretary

• Malcolm Roberts - Chief Marketing Officer

• Mark Spurbeck - Executive Vice President and Chief Financial Officer

• Darren Yeates - Executive Vice President and Chief Operating Officer

Where is the Company Headquartered

Headquarters: St. Louis, Missouri, USA

Number of Employees

Approximately 5,500 employees in the United States and Australia.

Revenue of the Company

Quarter Ended June 30, 2024 (Q2 2024) Revenue: $1,042.0 million
Six Months Ended June 30, 2024 (1H 2024) Revenue: $2,025.6 million

What is the Company Known For

Peabody is known for being a leading coal producer, providing essential products for affordable, reliable energy and steel production with a strong commitment to sustainability.

Products

What Products do They Offer

Peabody offers various coal products, primarily classified into seaborne thermal coal, seaborne metallurgical coal, Powder River Basin (PRB) thermal coal, and other U.S. thermal coal.

High-Level Description of the Product

• Seaborne Thermal Coal: Used mainly for power generation.

• Seaborne Metallurgical Coal: Used primarily for steelmaking.

• Powder River Basin Thermal Coal: Low-cost coal primarily used for power generation within the U.S.

• Other U.S. Thermal Coal: Thermal coal for domestic U.S. markets.

Key Features of Each of the Products

Seaborne Thermal Coal

• Mine Locations: Australia

• Key Mines: Wilpinjong Mine, Wambo Underground Mine

• Estimated Production: 15.7-16.2 million tons/year (2024 Outlook)

Seaborne Metallurgical Coal

• Mine Locations: Bowen Basin near Moranbah, QLD, and other Australian mines

• Key Mines: Centurion Mine, Coppabella Mine

• Key Feature: Redevelopment projects, premium hard-coking coal

Powder River Basin Thermal Coal

• Mine Locations: Wyoming, USA

• Key Mines: North Antelope Rochelle Mine, Caballo Mine, Rawhide Mine

• Production Capacity: Up to 82 million tons/year (2024 Outlook)

Other U.S. Thermal Coal

• Mine Locations: Across the U.S.

• Key Mines: Bear Run Mine, Gateway North Mine, Francisco Mine

• Estimated Production: 14.5-15.5 million tons/year (2024 Outlook)

Recent Developments

What Are the Recent Developments in the Company

• Q2 2024 Performance: Reported net income attributable to common stockholders of $199.4 million. Adjusted EBITDA for Q2 2024 was $309.7 million.

• First Development Coal at Centurion Mine: Achieved initial development coal, with expectations to commence longwall production in the first quarter of 2026.

• Insurance Settlement: Secured $109.5 million insurance settlement at Shoal Creek.

What Are the New Products Launched

• Centurion Mine Project: Initiated the redevelopment of Centurion Mine for premium hard-coking coal production, expected longwall production commencing in 2026.

What Are the New Features Added to the Existing Products

No information is available.

Any New Partnerships, etc.

No information is available.

Operational Highlights of Key Mines

Powder River Basin

• North Antelope Rochelle Mine:

• Annual Production: 62 million tons (2023)

• Reserves: 1.4 billion tons

• Employees: ~1,200

• Caballo Mine:

• Annual Production: 15.3 million tons (2023)

• Reserves: 180 million tons

• Employees: ~200

Seaborne Mines in Australia

• Centurion Mine:

• Type: Underground

• Annual Production: Longwall production from 2026

• Mine Life: 25+ years

• Wilpinjong Mine:

• Type: Surface

• Annual Production: 12 million tons (2023)

• Reserves: 57 million tons

• Employees: ~540

Other U.S. Mines

• Bear Run Mine:

• Type: Surface

• Annual Production: 5.5 million tons (2023)

• Reserves: 72 million tons

• Employees: ~500

• Wild Boar Mine:

• Type: Surface

• Annual Production: 1.9 million tons (2023)

• Reserves: 13 million tons

• Employees: ~215