BTU · Peabody Energy, Inc. Q2 FY2026 earnings call record财报电话会记录

“thermal, volumes were impacted by the extended shoulder season in the Powder River Basin and heavy rainfall across the Midwest.”

“The primary challenge that we addressed was realignment of shields that had been impacted by the roof conditions we encountered due to the longer than planned commissioning period.”

“Export shipments totaled 1.9 million tons, and the average realized export price of $95.87 increased 11.2% quarter-over-quarter and 31.6% compared to the prior year period.”

“Segment costs of $58 per ton were at the low end of guidance, resulting in a 23% adjusted EBITDA margin and over $52 million of adjusted EBITDA.”

“Seaborne metallurgical shipments totaled 2.5 million tons, exceeding expectations by 200,000 tons due to higher volumes from Metropolitan and the CMJV.”

“The $145.6 million premium paid with cash represents a share repurchase of more than 5 million shares using a weighted average price of $28.92 per share.”

“The convertible note transactions increased the average conversion price on the convertible notes from $18.99 to $38.31 per share, reduced the diluted share count by 6.2 million shares, and lower annual interest expense by $6.6 million.”

“Lastly, we increased our revolving credit facility to $400 million, extended the maturity to June 2030, and lowered borrowing costs by 25 basis points.”

“We used $145.6 million for the convertible note repurchase premium and have also paid cash dividends of $18.3 million, bringing our payout ratio to greater than 100% through the first half of the year.”

“We expect seaborne thermal volume of 3.0 million tons, including 1.9 million tons of export coal with a product mix of 1.1 million tons of Newcastle Benchmark coal and 800,000 tons of higher ash coal that we sell at about a 10% discount to API 5.”

“For seaborne metallurgical, we expect volume of 1.9 million-2.1 million tons, as Metropolitan has a longwall move and a scheduled longwall outage will reduce sales at Shoal Creek.”

“Costs are expected to improve to $130-$140 per ton, a $20 improvement compared to the second quarter as Centurion volumes increase.”