Peabody Energy reports Q3 loss, narrows guidance and cuts capex after Centurion challenges
Peabody Energy (BTU) posted a third‑quarter 2026 net loss of $32.8 million, or $0.27 per diluted share, and Adjusted EBITDA of $97.5 million. The company met its Centurion sales target of 0.58 million tons but cited geological faulting that limited production, prompting a downward revision of fourth‑quarter Centurion volume guidance to 300,000‑500,000 tons and a $40 million reduction in capital‑expenditure guidance to $300 million. Management also announced a quarterly dividend of $0.075 per share and returned $192 million to shareholders through September.
Why it matters
The lowered volume and capex guidance signal reduced near‑term cash flow, which analysts view as a downside risk; StoneX cut its price target for BTU to $26 from $36 citing the Centurion delays. The dividend and share repurchases provide some return to investors despite the weaker outlook.
Key facts
- 1Net loss of $32.8 million, or $0.27 per diluted share, for Q3 2026. prnewswire.com
- 2Adjusted EBITDA of $97.5 million for the quarter. prnewswire.com
- 3Centurion mine shipped 0.58 million tons in Q3 2026. prnewswire.com
- 4Seaborne Thermal Adjusted EBITDA of $65.5 million, a 26 % increase quarter‑over‑quarter. prnewswire.com
- 5Seaborne Metallurgical generated $5.2 million of positive Adjusted EBITDA. prnewswire.com
- 6Capital‑expenditure guidance cut by $40 million to $300 million. fool.com
Summary written by AlphAI AI Desk from 16 of 16 sources. Not investment advice. Figures are as stated by the linked sources.