Peabody Energy reported a net income of $375.1 million for Q3 2022, a significant improvement compared to the net loss of $44.2 million in the prior year quarter. The company generated strong operating cash flow and free cash flow, driven by solid performance across all business segments and favorable coal prices. Peabody has commenced redevelopment at North Goonyella.
Tons sold increased more than 4 million tons from the second quarter to 32.7 million tons.
Adjusted EBITDA of $439 million, a 50 percent increase compared to the prior year quarter.
Free Cash Flow of $461 million, the best result in 18 quarters, ending quarter with nearly $1.4 billion of Cash and cash equivalents.
Commenced redevelopment at North Goonyella.
Peabody provided the following outlook for Q4 2022:
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance