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Dec 31, 2020
Peabody Energy Q4 2020 Earnings Report
Peabody Energy reported a net loss attributable to common stockholders of $129.2 million and revenues of $737.2 million for Q4 2020.
Key Takeaways
Peabody Energy reported Q4 2020 revenues of $737.2 million, a net loss attributable to common stockholders of $129.2 million, and Adjusted EBITDA of $103.2 million. The company faced challenges due to the COVID-19 pandemic, but lowered costs per ton in three out of four segments and created a leaner corporate structure.
Q4 2020 revenues reached $737.2 million.
Net loss attributable to common stockholders was $129.2 million.
Adjusted EBITDA amounted to $103.2 million.
The company lowered costs per ton in three out of four segments.
Revenue by Segment
Forward Guidance
Peabody anticipates U.S. thermal coal deliveries to be dependent on economic conditions, weather, and natural gas prices. PRB volumes are expected to be in line with 2020, while other U.S. thermal shipments are planned to decline modestly. Seaborne thermal volumes are expected to increase slightly. Seaborne met shipments are expected to be modestly lower than 2020.
Positive Outlook
- PRB volumes expected to be in line with 2020 shipments, with about 80% of 2021 tons currently priced at an average of $10.82 per ton.
- Other U.S. thermal shipments are planned to decline modestly from 2020 levels, with approximately 16 million tons priced at an average of approximately $37.50 per ton.
- United Wambo JV began joint production from the open-cut mine, enabling continued production of a high-quality seaborne thermal product.
- Wilpinjong export volumes are expected to be largely in line with 2020 levels, while Wambo underground improves modestly.
- SG&A expense is expected to be further reduced to $90 million.
Challenges Ahead
- U.S. thermal coal deliveries are largely dependent on general economic conditions, weather, natural gas prices and utility inventory levels.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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