Peabody Energy – Financial Metrics in Decline

By Bobby Samwell • Wednesday, April 09 15:19 • Permanent Link

The latest financial summary from Peabody reveals significant changes in its key metrics over the past three years.

First, the revenue for the company has fluctuated. In 2022, the revenue stood at $7,121 million, which decreased slightly to $6,860 million in 2023, and then dropped further to $4,236.7 million in 2024.

Adjusted EBITDA and margin percentage have also seen substantial changes. The adjusted EBITDA was $1,845 million in 2022, dropped to $1,364 million in 2023, and then fell further to $872 million in 2024. The corresponding margins were 37%, 27%, and 25% for 2022, 2023, and 2024, respectively.

Free cash flow and FCF conversion percentage have followed a similar trend. The free cash flow was $1,639 million in 2022, decreased to $1,122 million in 2023, and again dropped to $697 million in 2024. The FCF conversion percentages were 75%, 68%, and 69% for the same respective years.

Volume and realized price per ton have also changed. For instance, the volume of Seaborne Metallurgical coal sold was 6.6 million tons in 2022, increased to 6.9 million tons in 2023, and then rose further to 7.3 million tons in 2024. However, the realized price per ton fluctuated, with Seaborne Metallurgical coal realizing $244, $189, and $145 per ton in 2022, 2023, and 2024, respectively.

Similarly, the adjusted EBITDA and costs per ton saw changes. For example, the adjusted EBITDA for Seaborne Metallurgical coal was $781 million in 2022, dropped to $438 million in 2023, and then decreased further to $161.7 million in 2024. The corresponding costs per ton were $125, $243, and $123 for the same years.

Following these announcements, the company's shares moved 10.7%, and are now trading at a price of $12.46. For the full picture, make sure to review Peabody Energy's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.