Peabody Energy

What Peabody Energy does

Peabody Energy Corporation (NYSE: BTU), founded in 1885 and headquartered in St. Louis, Missouri, is the world's largest private-sector coal producer. The company operates 17 mines across the United States and Australia, employing approximately 5,500 people and serving customers in 26 countries. Peabody produces two primary product streams: thermal coal sold to electric utilities and power generators for baseload electricity, and metallurgical (coking) coal sold to global steel manufacturers for blast furnace steel production. U.S. operations include the Powder River Basin (North Antelope Rochelle, Caballo, Rawhide), Illinois Basin (Bear Run, Francisco, Gateway North, Wild Boar), Western U.S. (El Segundo, Lee Ranch, Twentymile), and Shoal Creek. Australian operations span Queensland and New South Wales, including the Centurion metallurgical coal mine — which relaunched longwall mining in February 2026 nearly two months ahead of schedule and targets 4.7 million metric tons annually over a 25-year reserve life.

The company's technology stack centers on large-scale coal mining and processing infrastructure: surface mining in the Powder River Basin, underground longwall systems at Centurion and other metallurgical operations, coal handling and preparation plants (CHPP), and semi-autonomous mining equipment integrated for productivity and safety. Peabody also operates a proprietary "Safety as a Way of Life" management system. Revenue is generated on a transactional commodity model — coal is sold via long-term supply contracts and spot market transactions priced against benchmark indices (Newcastle thermal, Newcastle PCI, metallurgical coal benchmarks), with no publicly disclosed fixed pricing. Distribution is direct: rail transportation for U.S. thermal coal to domestic utilities, and seaborne shipping through Australian port facilities to global customers. Annual revenue declined from roughly $4.98 billion in 2022 to approximately $3.86 billion in 2025, with Q1 2026 revenue of $973.3 million and a Q1 2026 GAAP net loss of $32.4 million.

Strategically, Peabody has navigated commodity volatility through active capital structure management — convertible note issuances in March 2022 ($275M at 3.25%) and May 2026 ($225M at 0.50%), a $320M revolving credit facility in January 2024, and a $150M Goldman Sachs unsecured credit facility in March 2022 — alongside a withdrawn $3.78 billion bid for Anglo American's Australian steelmaking coal assets in August 2025 (now in arbitration). The company's near-term focus is on ramping Centurion production, rationalizing surety arrangements to reduce collateral requirements, and preparing for a CEO transition in mid-2028.

Name

Peabody Energy

Legal name

Peabody Energy Corporation

Website

https://peabodyenergy.com

Company type

Public

Founded year

1885

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Peabody Energy is the world's largest private-sector coal producer, operating 17 mines in the U.S. and Australia that supply thermal coal to power utilities and metallurgical coal to global steel manufacturers across 26 countries.

Ownership category

akta.pro rank

Product category

Coal Mining

NAICS

Surface Coal Mining (212114), Coal and Other Mineral and Ore Merchant Wholesalers (42352)

SIC

Bituminous Coal & Lignite Mining (1220), Bituminous Coal & Lignite Surface Mining (1221)

akta.pro primary industry

Metallurgical Coal Mining (Coking/PCI Coal) (IMAKAIAB)

akta.pro secondary industries

Thermal Coal Mining (Steam Coal) (IMAKAIAA), Coal Marketing & Trading (IMAKAIAK), Coal Preparation & Beneficiation (Washing, Crushing, Screening) (IMAKAIAH)

Keywords

• Thermal coal production
• Metallurgical coal mining
• Surface mining operations
• Underground coal mining
• Steelmaking coal supply

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Others

Revenue model

1. Thermal Coal Sales: Sale of thermal coal produced from surface and underground mines in the Powder River Basin (Wyoming), Illinois Basin, and Australia for electricity generation. Revenue is generated through long-term supply contracts and spot market sales, with pricing tied to benchmark indices.
2. Metallurgical Coal Sales: Sale of premium hard coking coal (metallurgical coal) from Australian operations including Centurion, Shoal Creek, and other Queensland mines for steel production. Revenue from long-term contracts and spot sales at benchmark metallurgical coal prices.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Peabody Energy produces and sells thermal coal and metallurgical (coking) coal from 17 surface and underground mines across the United States and Australia. Thermal coal is sold to power generation utilities for electricity baseload generation, while premium hard coking coal is sold to global steel manufacturers for blast furnace steel production. Revenue is generated through long-term supply contracts and spot market sales at commodity benchmark prices.

Product overview

Peabody Energy operates as a pure-play coal producer with a diversified portfolio organized by geography and product type: Seaborne Metallurgical (Centurion, Coppabella, Metropolitan, Middlemount, Moorvale, Shoal Creek mines producing premium hard coking coal for steelmaking), Seaborne Thermal (Wambo, Wilpinjong in Australia), Powder River Basin (Caballo, North Antelope Rochelle, Rawhide in Wyoming), Illinois Basin (Bear Run, Francisco, Gateway North, Wild Boar in Illinois/Indiana), and Western U.S. (El Segundo, Twentymile in Colorado/New Mexico). The company's products serve power generation and steel production customers across 26 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Seaborne Metallurgical Coal Premium metallurgical (steelmaking) coal produced from Australian and Alabama underground mines, including Centurion, Coppabella, Metropolitan, Middlemount, Moorvale, and Shoal Creek operations, sold to global steel manufacturers for blast furnace steel production.
• Seaborne Thermal Coal Thermal coal produced from Australian open-cut mines including Wambo and Wilpinjong, primarily sold via seaborne export to international power generation customers.
• Powder River Basin Thermal Coal Thermal coal from Wyoming surface mines including Caballo, North Antelope Rochelle (NARM - world's largest surface coal mine), and Rawhide, shipped by rail to U.S. power generation customers.
• Illinois Basin Thermal Coal Thermal coal from Illinois/Indiana underground mines including Bear Run, Francisco, Gateway North, and Wild Boar, sold to U.S. power generation customers.
• Western U.S. Thermal Coal Thermal coal from Colorado/New Mexico mines including El Segundo, Lee Ranch, and Twentymile, sold to U.S. power generation customers for domestic electricity generation.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Arch Resources: Arch Resources is a U.S.-based coal producer operating metallurgical and thermal coal mines, directly comparable to Peabody's diversified coal platform and Powder River Basin exposure.
• CONSOL Energy: CONSOL Energy produces thermal coal from the Pennsylvania and West Virginia operations, comparable as a U.S. coal producer focused on domestic utility and industrial customers.
• Alpha Metallurgical Resources: Alpha Metallurgical is a pure-play metallurgical coal producer serving global steelmakers, directly comparable to Peabody's seaborne met coal segment and Centurion operations.
• Coronado Global Resources: Coronado operates metallurgical and thermal coal mines in Australia and the U.S., directly comparable to Peabody as a trans-Pacific seaborne coal producer.
• Warrior Met Coal: Warrior Met Coal is a U.S.-based pure-play metallurgical coal producer for the global steel industry, highly comparable to Peabody's premium met coal strategy.
• Alliance Resource Partners: Alliance Resource Partners produces thermal coal from the Illinois Basin and Appalachia, overlapping with Peabody's Illinois Basin operations and serving similar U.S. utility customers.
• Whitehaven Coal: Whitehaven Coal is a major Australian thermal and metallurgical coal producer in New South Wales and Queensland, directly comparable to Peabody's Australian mining footprint.
• New Hope Corporation: New Hope is an Australian thermal coal producer serving domestic and export markets, comparable to Peabody's seaborne thermal coal segment and Queensland operations.

Broad incumbents

• Teck Resources: Teck Resources is a diversified miner with a significant metallurgical coal business alongside copper and zinc, comparable as a producer of seaborne coking coal for global steelmakers.
• BHP (BMA Joint Venture): BHP's BMA joint venture in Queensland is the world's largest seaborne metallurgical coal producer, comparable to Peabody's Queensland met coal operations and a key benchmark for seaborne prices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/peabodyenergy
• YouTubeyoutube.com/channel/UC21HyLm-tBdetQBAoBBL2fQ
• Facebookfacebook.com/PeabodyEnergyCorp
• LinkedInlinkedin.com/company/peabody-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds11 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peabody Energy