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Dec 31, 2021
Peabody Energy Q4 2021 Earnings Report
Peabody Energy's Q4 2021 earnings were announced, revealing increased revenues and net income compared to the previous year, driven by strong market fundamentals and improved pricing realizations.
Key Takeaways
Peabody Energy reported a strong fourth quarter in 2021, marked by revenues of $1,264.6 million and a net income of $513.0 million. The company benefited from robust market conditions and strategic debt reduction.
Revenues increased by 72% compared to the prior year, reaching $1,264.6 million.
Net income attributable to common stockholders was $513.0 million.
Adjusted EBITDA totaled $444.4 million, a 331% increase year-over-year.
The company generated $426.6 million in Free Cash Flow and retired an additional $200 million of senior secured debt.
Revenue by Segment
Forward Guidance
Peabody anticipates increased U.S. thermal volumes and seaborne met volumes, alongside robust margins from strong prices, although higher royalties and fuel prices are expected to impact costs.
Positive Outlook
- U.S. thermal volumes are expected to be higher than prior year.
- Essentially all base volumes are priced and committed.
- Seaborne thermal volumes are expected to be consistent with prior year.
- Robust margins from anticipated strong prices are expected to more than offset higher royalties and fuel prices for seaborne thermal operations.
- Seaborne met volumes are expected to increase substantially.
Challenges Ahead
- Cost per ton are anticipated to increase compared to the prior year.
- Higher royalties and fuel prices are expected.
- Incremental costs to increase near term production.
- Realized seaborne thermal export pricing varies based on sales timing and product quality as well as optimization strategies.
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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