Peabody Energy (BTU) Q1 FY2024 earnings: revenue $984 million, down 27.9% on the year

Peabody Energy Corp. (BTU) reported revenue of $984 million for Q1 FY2024, the quarter ended 31 March 2024, down 27.9% on the same quarter a year earlier. Net income was $40 million, down 85.3% on the year, and diluted earnings per share $0.29. The figures are the company's own, from the 10-Q it filed with the SEC on 9 May 2024.

Revenue$984 milliondown 27.9%

Net income$40 milliondown 85.3%

Diluted EPS$0.29

QuarterQ1 FY2024ended 31 March 2024

The quarter, against the one before and a year earlier

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Revenue	984	1,235	n/a	n/a
Selling, general and administrative	22.0	24.7	n/a	n/a
Operating income	51.2	251	n/a	n/a
Operating margin	5.2%	20.3%	n/a
Interest expense	14.7	14.3	n/a	n/a
Pre-tax income	65.8	269	n/a	n/a
Income tax	20.1	70.1	n/a	n/a
Effective tax rate	30.5%	26.0%	n/a
Net income	39.6	192	n/a	n/a
Net margin	4.0%	15.5%	n/a
Diluted EPS	$0.29	$1.33	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Operating cash flow	119	282	n/a	n/a
Cash from investing	-75.2	-168	n/a	n/a
Cash from financing	-128	-95.8	n/a	n/a
Depreciation and amortisation	79.8	82.2	n/a	n/a
Share-based compensation	2.0	1.8	n/a	n/a
Buybacks	83.1	83.7	n/a	n/a
Dividends paid	9.7	9.9	n/a	n/a
Dividend per share	$0.07	n/a	n/a	n/a
Diluted shares, weighted	145m	154m	n/a	n/a
Shares outstanding at period end	126m	129m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Shareholders' equity	3,479	3,547	n/a	n/a
Non-controlling interest	47.4	60.5	n/a	n/a
Debt	323	321	n/a	n/a
Operating lease liabilities	61.5	47.7	n/a	n/a
Finance lease liabilities	n/a	8.8	n/a	n/a
Other liabilities	1,817	1,977	n/a	n/a
Total liabilities and equity	5,728	5,962	n/a	n/a
Fixed assets	n/a	2,844	n/a	n/a
Cash and equivalents	856	969	n/a	n/a
Receivables	343	390	n/a	n/a
Inventory	404	352	n/a	n/a
Other assets	4,125	1,407	n/a	n/a
Total assets	5,728	5,962	n/a	n/a

Questions

What was Peabody Energy's revenue in Q1 FY2024?

Peabody Energy (BTU) reported revenue of $984 million for Q1 FY2024, the quarter ended 31 March 2024, down 27.9% on the same quarter a year earlier.

How much did Peabody Energy earn in Q1 FY2024?

Net income for Q1 FY2024 was $40 million, down 85.3% on the year, and diluted earnings per share $0.29.

When did Peabody Energy report Q1 FY2024 results?

Peabody Energy filed its 10-Q for the quarter ended 31 March 2024 with the SEC on 9 May 2024.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,079	1,235	984	1,042	1,088	1,123	937	890	1,012	1,022	973	1,003
SG&A	21.5	24.7	22.0	22.1	20.6	26.3	23.6	23.5	27.4	30.5	31.6	23.3
Operating income	159	251	51.2	234	120	40.1	31.9	-38.4	-81.4	7.8	-44.2	-105
Operating margin	15%	20%	5%	22%	11%	4%	3%	-4%	-8%	1%	-5%	-11%
Interest expense	13.8	14.3	14.7	10.7	9.7	11.8	11.5	11.1	10.0	11.3	10.7	12.7
Pre-tax income	175	269	65.8	250	138	61.9	43.2	-28.3	-70.0	21.6	-41.4	-123
Tax rate	27%	26%	31%	16%	19%	38%	11%	n/a	n/a	46%	n/a	n/a
Net income	120	192	39.6	199	101	30.6	34.4	-27.6	-70.1	10.4	-32.4	-90.6
Net margin	11%	16%	4%	19%	9%	3%	4%	-3%	-7%	1%	-3%	-9%
Diluted EPS	$0.82	$1.33	$0.29	$1.42	$0.74	$0.25	$0.27	-$0.23	-$0.58	n/a	-$0.27	-$0.74
Operating cash flow	13.4	282	119	7.8	360	120	120	23.2	122	68.6	30.0	-1.4
Buybacks	91.0	83.7	83.1	0.0	100	0.0	0.0	0.0	0.0	0.0	n/a	n/a
Dividends paid	9.9	9.9	9.7	9.4	9.4	9.1	9.1	9.2	9.2	9.0	9.2	9.1
Shares outstanding	131m	129m	126m	126m	122m	122m	122m	122m	122m	122m	122m	122m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2024, filed 9 May 2024, accession 0001064728-24-000077: the filing on EDGAR. All of Peabody Energy Corp.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install