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Peabody Energy Corporation (NYSE:BTU ) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Karla Kimrey - Vice President of Investor Relations Jim Grech - President & Chief Executive Officer Mark Spurbeck - Chief Financial Officer Malcolm Roberts - Chief Marketing Officer Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - Benchmark Company Katja Jancic - BMO Capital Markets Operator Good day, and welcome to the Peabody First Quarter 2024 Earnings Call.

Peabody Energy (BTU) came out with quarterly earnings of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.69 per share a year ago.

Peabody Energy (BTU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Natural gas has gained ground over coal as a cleaner source of energy, leading to a decline in coal's market share. Natural gas prices are so low in certain areas of the U.S. that producers are paying to have shippers take their gas. Peabody Energy, a coal company, issued poor guidance for its first-quarter revenue due to operational headwinds and competition from natural gas.

Despite the expected drop in U.S. coal production volumes, coal producers like Peabody Energy (BTU), Warrior Met Coal (HCC), SunCoke Energy (SXC) and Ramaco Resources (METC) are likely to remain competitive with improving export volumes.

The shares of Peabody Energy Corp  (NYSE:BTU) are down 1.4% at $24.78 at last check, but sport a 16.4% nine-month lead, despite struggling with a ceiling at the $27.50 level for much of the past year.

Peabody Energy Corporation (BTU) Q4 2023 Earnings Call Transcript

Peabody Energy's (BTU) fourth-quarter earnings are likely to have been benefited from high-quality coal production, cost management and share repurchase program.

Peabody Energy is the largest coal mining company in the US, with significant production in Eastern Australia. BTU has 4 different business segments, with the majority of production in the Powder River Basin. The Seaborne Thermal and Seaborne Metallurgical segments have been the main contributors to adjusted EBITDA, with a focus on expanding the Seaborne Metallurgical segment in the future.

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