Peabody Energy (BTU) Misses Q4 EPS by 14c, offers outlook

Peabody Energy (NYSE: BTU) reported Q4 EPS of $1.33, $0.14 worse than the analyst estimate of $1.47. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.22 billion.

First Quarter 2024 Outlook

Seaborne Thermal

Volumes are expected to be 3.9 million tons, including 2.5 million export tons. 0.3 million export tons are priced at $181 per ton, and 1.1 million tons of Newcastle product and 1.1 million tons of high ash product are unpriced.
Costs are anticipated to be $48-$53 per ton.

Seaborne Metallurgical

Seaborne met volumes are expected to be 1.4 million tons and are expected to achieve 65 to 70 percent of the premium hard coking coal price index.
Costs are anticipated to be $130-$140 per ton.

U.S. Thermal

PRB volume is expected to be approximately 21 million tons at an average price of $13.55 per ton and costs of approximately $11.75-$12.50 per ton.
Other U.S. Thermal volume is expected to be approximately 3.6 million tons at an average price of $52.35 per ton and costs of approximately $41-$45 per ton.

For earnings history and earnings-related data on Peabody Energy (BTU) click here.

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