PEABODY REPORTS RESULTS FOR FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2022

ST. LOUIS, Feb. 14, 2023

Generates Fourth Quarter Operating Cash Flow of $670 million and Record Free Cash Flow¹ of $580 million

ST. LOUIS, Feb. 14, 2023 /PRNewswire/ -- Peabody (NYSE: BTU) today reported fourth quarter net income attributable to common stockholders of $632.0 million, or $3.92 per diluted share, compared to $513.0 million, or $3.93 per diluted share, in the prior year quarter.  Peabody's fourth quarter 2022 results included a $199.3 million unrealized mark-to-market gain related to its coal hedging activities.  Peabody had Adjusted EBITDA¹ of $500.5 million in the fourth quarter of 2022 compared to $444.4 million in the fourth quarter of 2021.

Full-year 2022 revenue totaled $4,981.9 million compared to $3,318.3 million in the prior year.  Full-year 2022 net income attributable to common stockholders totaled $1,297.1 million, or $8.31 per diluted share, compared to $360.1 million, or $3.22 per diluted share in the prior year.  Adjusted EBITDA was $1,844.7 million, more than two times the prior year result of $916.7 million.  Peabody generated cash flows from operating activities of $1,173.6 million resulting in Free Cash Flow of $1,144.9 million for the full year, compared to cash flows from operating activities of $420.0 million and Free Cash Flow of $288.5 million in the prior year.

"Our remarkable fourth quarter results demonstrated the value of Peabody's diverse asset portfolio.  While there were challenges to overcome, we were able to deliver record Free Cash Flow and repay all remaining senior secured debt," said Peabody President and Chief Executive Officer Jim Grech.  "Additionally, due to our strong operating results and financial condition, we are actively addressing the remaining requirements to implement a shareholder return program."

Fourth Quarter and Full Year Highlights

• Retired all senior secured debt
• Record Free Cash Flow of $580 million in the fourth quarter
• Adjusted EBITDA of $501 million in the fourth quarter and $1,845 million for the full year 2022
• Record full year net income attributable to common stockholders of $1,297 million and Diluted EPS of $8.31
• Achieved highest 2022 quarterly production rate in three out of four operating segments in the fourth quarter
• Record low annual global injury rate, with zero reportable incidents at three of our mines
• Commenced redevelopment of North Goonyella, a premium hard-coking coal longwall operation in Australia with over 70 million tons of reserves
• Completed Moorvale South project, which adds incremental volumes and extends the mine life at the CMJV
• Extended life of El Segundo/Lee Ranch through a new long-term coal supply agreement

___________________________________ ARIVA.DE Börsen-Geflüster Kurse Peabody Energy 23,55 $ -0,42%

1 Adjusted EBITDA and Free Cash Flow are non-GAAP financial measures.  Adjusted EBITDA margin is equal to segment Adjusted EBITDA divided by segment revenue. Revenue per Ton and Adjusted EBITDA Margin per Ton are equal to revenue by segment and Adjusted EBITDA by segment, respectively, divided by segment tons sold. Costs per Ton is equal to Revenue per Ton less Adjusted EBITDA Margin per Ton. Management believes Costs per Ton and Adjusted EBITDA Margin per Ton best reflect controllable costs and operating results at the reporting segment level. We consider all measures reported on a per ton basis, as well as Adjusted EBITDA margin, to be operating/statistical measures. Please refer to the tables and related notes in this press release for a reconciliation and definition of non-GAAP financial measures.

Segment Performance

During the fourth quarter, the seaborne thermal segment shipped 4.1 million tons, the highest quarterly sales volume for the year, 0.4 million tons more than the third quarter.  Export shipments increased by approximately 0.7 million tons in the quarter to 2.3 million tons.  The average export realized price decreased 19 percent to $151.61 per ton, primarily due to higher hedged ton settlements compared to the prior quarter.  Fourth quarter seaborne thermal segment costs decreased 12 percent to $43.10 per ton due to lower sales price-sensitive costs and favorable production volumes, despite rainfall which was 40 percent higher than the historical average.  The segment reported Adjusted EBITDA margins of 54 percent and Adjusted EBITDA of $209.1 million in the fourth quarter.  

Seaborne Metallurgical
	Quarter Ended						Year Ended
	Dec.		Sept.		Dec.		Dec.		Dec.
	2022		2022		2021		2022		2021
Tons sold (in millions)	2.0		1.8		1.6		6.6		5.5
Revenue per Ton	$           219.81 Werbung Mehr Nachrichten zur Peabody Energy Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 09:55 - PR Newswire Samson Rock Capital LLP - Form 8.3 - Spirent Communications PLC 09:51 - PR Newswire Ninety One UK Ltd - Form 8.3 - BHP Group Limited 04:25 - PR Newswire Norges Bank - Form 8.3 - Spirent Communications plc Basin Uranium - Es geht los    Der Uran-Superzyklus ist gestartet! weiterlesen» Anzeige wo-site-teaser-box-16791_site-teaser-box_2024-04-29_07%253A00%253A00_2024-04-30_09%253A00%253A59