At a glance
Peabody Energy Corp is worth $2.74B. Revenue fell 8.9% to $3.86B in fiscal 2025, at a loss; over 5 years it has grown 6.0% a year. It pays a 1.42% dividend yield, and returned $635.5M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned −17.1% over the past year with dividends reinvested and +14.5% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 66.6% in the 2020 crash (S&P 500: 33.7%) and 43.3% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 14 months and 39 months after the lows.
The business in plain English
Peabody Energy digs coal and sells it. As of December 31, 2025, it had interests in 16 active mines in the United States and Australia. It sells two kinds: thermal coal, burned by power plants and factories for energy, and metallurgical ("met") coal, used to make steel. In the year ended December 31, 2025, thermal coal brought in about 72% of the company's $3.86 billion in revenue and met coal about 27%.
Peabody reports four segments. Powder River Basin, large surface mines in Wyoming, supplied about 30% of revenue. Seaborne Metallurgical supplied about 27%, mostly from Australian mines plus Shoal Creek in Alabama. ("Seaborne" means shipped by sea to overseas buyers.) Seaborne Thermal, in New South Wales, supplied about 23.5%, and Other U.S. Thermal, in Indiana, Illinois, New Mexico and Colorado, about 18%. U.S. thermal mines produced about 80% of tons sold but 49% of coal contract revenue, so each seaborne ton brings in far more.
Customers are mainly power companies, industrial plants and steelmakers. Long-term contracts, lasting a year or more and often with clauses to reset prices, covered about 87% of 2025 sales volume. The five largest customers supplied 25% of contract revenue. A drawback: in 2025, half of seaborne volume sold on deals shorter than a year, so that income swings with world coal prices.
Price history
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BTU -17.1% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Thermal coal | $2.77B | 71.7% |
| Metallurgical coal | $1.03B | 26.8% |
| Other | $58.4M | 1.5% |
By business segment
| Powder River Basin | $1.15B | 29.9% |
| Seaborne Metallurgical | $1.04B | 26.8% |
| Seaborne Thermal | $908.5M | 23.5% |
| Other U.S. Thermal | $707.3M | 18.3% |
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $1.00B, up 12.7% from a year earlier, and net income was $-90.6M.
- For fiscal 2025, revenue was $3.86B (-8.9% year over year; +6.0% a year from FY2020 to FY2025) with a -1.4% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +6.0% good |
|---|---|
| Operating margin | -2.1% weak |
| Free cash flow margin | -2% weak |
| Return on equity (FY2025) | -1.5% weak |
| Return on assets (FY2025) | -0.9% weak |
| Net cash (cash minus debt) | $187.3M good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $2.88B | $-1.87B | $-201.1M |
| FY2021 | $3.32B | $360.1M | $236.9M |
| FY2022 | $4.98B | $1.30B | $952.1M |
| FY2023 | $4.95B | $759.6M | $687.2M |
| FY2024 | $4.24B | $370.9M | $205.2M |
| FY2025 | $3.86B | $-52.9M | $-77.7M |
Valuation snapshot
| Market value | $2.74B |
|---|---|
| P/E ratio | — |
| Dividend yield | 1.42% |
Rank among 1514 US companies
Market value at each year end
Peabody Energy’s market value went from $4.11B at the end of 2017 to $2.74B on Oct 28, 2026, down 33%; since the end of 2025 it is down 24%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $2.74B | -24.0% |
| 2025 | $3.61B | +42.0% |
| 2024 | $2.54B | -20.2% |
| 2023 | $3.19B | -16.1% |
| 2022 | $3.80B | +196.3% |
| 2021 | $1.28B | +444.3% |
| 2020 | $235.7M | -73.3% |
| 2019 | $882.8M | -74.7% |
| 2018 | $3.49B | -15.2% |
| 2017 | $4.11B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| BTU price data to Oct 28, 2026 | -23.5% | -17.1% | -1.8% | +14.5% | — |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -23.5% |
| 2025 | +44.4% |
| 2024 | -12.7% |
| 2023 | -7.0% |
| 2022 | +162.4% |
| 2021 | +317.8% |
| 2020 | -73.6% |
| 2019 | -67.2% |
| 2018 | -21.6% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 58.9% over that stretch · deepest drop along the way 66.6%, back to its old high 14.2 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 135.3% over that stretch · deepest drop along the way 43.3%, back to its old high 39 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 0 sales ($0.00).
Who owns it
Large shareholders (13G filings)
| STATE STREET CORPORATION | 9.1% | Jun 30, 2026 |
| SSGA FUNDS MANAGEMENT, INC. | 7.6% | Jun 30, 2025 |
| Vanguard Portfolio Management | 7.55% | Mar 31, 2026 |
| Key Group Long Term Investments LP | 7% | Jun 30, 2026 |
| Vanguard Capital Management | 5.23% | Mar 31, 2026 |
| Renaissance Technologies LLC | 4.87% | Mar 31, 2026 |
| Maverick Capital, Ltd. | 3.3% | Dec 31, 2025 |
| Walleye Capital LLC | 0.96% | Dec 31, 2024 |
| Pacer US Small Cap Cash Cows ETF | 0.88% | Mar 31, 2025 |
ETFs with the most weight in BTU
| COAL Range Global Coal Index ETF | 4.12% |
| PSCE Invesco S&P SmallCap Energy ETF | 3.16% |
| XME SPDR S&P Metals & Mining ETF | 2.63% |
| DEEP Acquirers Small and Micro Deep Value ETF | 0.94% |
| MYLD Cambria Micro and SmallCap Shareholder Yield ETF | 0.9% |
| FSGS First Trust SMID Growth Strength ETF | 0.73% |
| SYLD Cambria Shareholder Yield ETF | 0.64% |
| SFLO VictoryShares Small Cap Free Cash Flow ETF | 0.64% |
What could go wrong
- Profits rise and fall with coal prices. Coal prices depend on electricity demand, natural gas prices, steel demand, trade policy and weather, all outside Peabody's control. Net income swung from $1.3 billion in 2022 to a $52.9 million loss in 2025.
- Power plants are turning away from coal. Thermal coal, sold mostly to power plants, was 71.7% of 2025 revenue. Competition from natural gas and renewables, stricter regulation and coal-plant closures have cut demand and could keep shrinking sales and prices.
- Arbitration over the terminated Anglo American deal. Agreements for Peabody to acquire properties from Anglo American plc were terminated, leading to arbitration. Peabody's annual report, filed February 19, 2026, warns the outcome could hurt its results and financial condition.
- “Climate superfund” laws could mean big payments. These laws seek money from fossil fuel producers for alleged climate change damage. Peabody says that if court challenges to the laws fail, it may have to make significant payments.
- Steelmakers are moving to coal-free methods. Metallurgical coal, used to make steel, was about 27% of 2025 revenue. Steelmakers continue adopting electric arc furnaces that don't use coal, and steel tariffs or weak steel demand could cut sales.
- Mine accidents and cleanup costs. Mining hazards can halt output: a fire stopped Alabama's Shoal Creek mine from March to June 2023. Peabody must also pay to restore mined land and close mines, which could cost more than estimated.
Recent events
- Item 1.04
- Investor presentation or announcement
- Executive or board change
- Investor presentation or announcement
- Quarterly results released; Other company announcement
- Major agreement signed
- Major agreement signed; Major agreement ended; Investor presentation or announcement
- Major agreement signed; New debt or financial obligation; Unregistered sale of shares
- Other company announcement
- Executive or board change
For income and retirement investors
Peabody pays a modest dividend with a short record. After paying none from 2020 through 2022, it paid $0.225 a share in 2023 and 2024, then $0.30 in 2025, a one-year streak of increases. The yield was 1.42% as of October 28, 2026. In 2025 it paid $36.5 million in dividends despite a $52.9 million net loss and negative free cash flow (cash left after capital spending), so neither covered the payout. Buybacks have been larger, totaling $530.8 million over fiscal 2021–2025, though none in 2025.
The shares swing hard. In the 2020 COVID crash they fell 66.6% and took about 14 months to recover. In the 2022 bear market they rose 135.3% while the broad market fell, but a separate 43.3% drop from April to July 2022 took about 39 months to recover. Through October 28, 2026, its deepest decline over about 9.6 years was 98.1%. A single stock like this carries more risk than a diversified fund.
Questions investors ask
How does Peabody Energy make money?
Peabody makes money by mining coal and selling it, mostly under contracts of one year or longer. In 2025, thermal coal for power plants brought in 71.7% of its $3.86 billion revenue, and metallurgical coal for steelmaking brought in 26.8%. Its mines are in the United States and Australia. The Powder River Basin in Wyoming was its largest segment, at 29.9% of revenue. Next came Seaborne Metallurgical at 26.8%, which ships mainly Australian coal to overseas buyers.
Does Peabody Energy pay a dividend?
Yes, but it is small and has a short record. Peabody paid no dividends from 2020 through 2022, then paid $0.225 a share in 2023 and 2024 and $0.30 in 2025. The yield was 1.42% as of October 28, 2026. In 2025, earnings and free cash flow did not cover the dividend because both were negative. The company's annual report says future dividends and buybacks depend on many factors and cannot be assured.
Is Peabody Energy profitable?
Not in its latest reported results. Peabody lost $52.9 million in 2025 as revenue fell 8.9% to $3.86 billion. It lost another $90.6 million in the quarter ended June 30, 2026, even though quarterly revenue rose 12.7% from a year earlier to about $1.0 billion. Profits have swung widely: it earned $1.3 billion in 2022 and $759.6 million in 2023 but lost $1.87 billion in 2020.
How much debt does Peabody Energy have?
Not much compared with its cash. As of June 30, 2026, Peabody reported $339 million of total debt and $526.3 million in cash and investments, leaving net cash of about $187.3 million. Shareholders' equity was about $3.25 billion. Its annual report notes that it can take on more debt, including secured debt. It also says its debt and surety bond agreements (guarantees backing its obligations) limit some financial choices. It also has long-term obligations for mine cleanup and retiree benefits.
How has Peabody Energy stock performed?
Its share price has been very volatile. As of October 28, 2026, the shares were down 23.5% year to date and 17.1% over one year, but up 97% over five years, or about 14.5% a year. Calendar years have swung widely: down 73.6% in 2020, up 317.8% in 2021, up 162.4% in 2022 and up 44.4% in 2025. In the year to October 28, 2026, the deepest drop from a peak was 47.1%.