Continued Development Of Centurion Premium Hard Coking Coal Project

Continued Development Of Centurion Premium Hard Coking Coal Project

ST. LOUIS, MO – Peabody President and Chief Executive Officer, Jim Grech, said, “Our performance in 2023 is a result of our dedicated team, diversified asset portfolio, and effective execution on our strategy. We delivered on our shareholder return program, repurchasing over 11 percent of our shares outstanding, and improved our seaborne metallurgical segment with new longwall kits at Shoal Creek and Metropolitan, the continued development of the Centurion premium hard coking coal project, and the pending acquisition of a large portion of the adjacent Wards Well coal deposit.”

The Company reported fourth quarter net income attributable to common stockholders of $192.0 million, compared to $632.0 million in the prior year quarter.  Peabody had Adjusted EBITDA of $345.1 million in the fourth quarter of 2023 compared to $500.5 million in the fourth quarter of 2022. Full-year 2023 revenue totaled $4,946.7 million compared to $4,981.9 million in the prior year.  Full-year 2023 net income attributable to common stockholders totaled $759.6 million compared to $1,297.1 million in the prior year.  Adjusted EBITDA was $1,363.9 million compared to $1,844.7 million in the prior year.