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Get filing alertsPeabody reports Q2 loss of $90.6M on lower volumes; refinances convertible debt
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
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high
Q2 2026 net loss widened to $90.6M ($0.74/share) from $27.6M year-ago; Adjusted EBITDA fell to $24.0M from $93.3M on lower volumes and higher costs at Centurion Mine during commissioning.
Item 2.02 verify on EDGAR → -
high
Refinanced $241.2M of 3.25% 2028 convertible notes for $386.8M cash using new $250M 0.5% 2031 convertible notes; transaction effectively repurchased 5.0M shares, lowering borrowing costs and dilution.
Exhibit 99.1 view on EDGAR → -
high
Centurion Mine completed major commissioning work; targeting 1.5–2.0M tons H2 2026 sales (0.5–0.7M tons Q3) and 2.0–2.5M tons annually as mine ramps toward run-rate production.
Exhibit 99.1 view on EDGAR → -
medium
Revised U.S. and Australia surety arrangements, reducing reclamation cash collateral requirements by approximately $350M and freeing up restricted capital.
Exhibit 99.1 view on EDGAR → -
medium
Declared quarterly dividend of $0.075/share, payable September 3, 2026 to shareholders of record August 12, 2026, continuing shareholder returns despite quarterly loss.
Item 8.01 verify on EDGAR →
Summary
Peabody Energy reported a Q2 2026 net loss of $90.6 million ($0.74 per share), wider than the prior-year quarter's $27.6 million loss, as Adjusted EBITDA fell to $24.0 million from $93.3 million year-over-year. The decline reflects temporarily lower volumes and elevated costs at the Centurion metallurgical coal mine during commissioning.
The company completed major longwall commissioning activities at Centurion and is targeting 1.5 to 2.0 million tons of sales in the second half of 2026 as the mine works through remaining roof control issues and ramps toward run-rate production levels.
Peabody refinanced its convertible debt, issuing $250 million of new 0.5% 2031 notes and using proceeds to repurchase $241.2 million of higher-cost 3.25% 2028 notes for $386.8 million cash. The transaction effectively repurchased 5.0 million shares, lowering borrowing costs and reducing future dilution. The company also revised its surety arrangements, freeing up approximately $350 million in restricted cash previously held as reclamation collateral. Despite the quarterly loss, Peabody declared a $0.075 per share quarterly dividend, maintaining its shareholder return program while navigating the Centurion ramp and near-term margin pressure.
Section-by-Section Diff
Event · Exhibit 99.1
Peabody reported Q2 2026 net loss of $90.6M on lower volumes and higher costs; refinanced convertible debt and reduced surety collateral by $350M.
Added in current filing · view on EDGAR →
Issued $250 million of 0.5% 2031 convertible notes, purchased a capped call with a cap price of $50.61 per share and repurchased $241.2 million of 3.25% 2028 convertible notes (with a conversion price of $18.99 per share) for cash consideration of $386.8 million, effectively repurchasing 5.0 million shares.
Peabody issued $250 million of new 2031 convertible notes at 0.5% interest (conversion price $38.32, effectively $50.61 with capped call) and used proceeds to repurchase $241.2 million of higher-cost 2028 convertible notes for $386.8 million cash. The transaction effectively repurchased 5.0 million shares, lowering borrowing costs and reducing share dilution.
Added in current filing · view on EDGAR →
Revised U.S. and Australia surety arrangements reducing reclamation cash collateral requirements by approximately $350 million.
Peabody revised its surety arrangements, reducing restricted cash and collateral requirements by approximately $350 million. This frees up capital previously locked for reclamation obligations, improving financial flexibility and liquidity.
Event · Exhibit 99.2
Added in current filing · view on EDGAR →
its Board of Directors has declared a quarterly dividend on its common stock of $0.075 per share, payable on September 3, 2026 to stockholders of record on August 12, 2026.
Peabody's Board declared a quarterly dividend of $0.075 per common share. The dividend will be paid on September 3, 2026 to shareholders of record as of August 12, 2026. The filing notes that future dividends remain at the Board's discretion and depend on financial results, cash flow, and other factors.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
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, 2026 to stockholders of record on August 12, 2026.
Peabody Energy's Board declared a quarterly dividend of $0.075 per share. Stockholders of record as of August 12, 2026 will receive payment on September 3, 2026. This represents a return of capital to shareholders through regular dividend distribution.
Event · Item 2.02 — Results of Operations and Financial Condition
Peabody Energy disclosed Q2 2026 financial results and provided Q3 and full-year 2026 guidance via press release.
Added in current filing · verify on EDGAR →
On July 29, 2026, Peabody Energy Corporation (“Peabody” or the “Company”) issued a press release setting forth Peabody’s second quarter 2026 financial results and providing guidance on selected third quarter and full-year 2026 targets.
Peabody announced its second quarter 2026 financial results and issued forward guidance for the third quarter and full year 2026. The 8-K body does not contain the actual financial figures or guidance targets; those details are in the attached press release (Exhibit 99.1).
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify