Peabody Energy (BTU) FY2025 results: revenue $3.9 billion, down 8.9% on the year
Peabody Energy Corp. (BTU) reported revenue of $3.9 billion for fiscal 2025, the year ended 31 December 2025, down 8.9% on the year before. Net income was -$53 million, and diluted earnings per share $-0.43. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2026.
Revenue
$3.9 billion
-8.9% on the year
FY2018FY2025
Operating margin
-2.1%
10.5% a year earlier
FY2018FY2025
Net income
-$53 million
FY2018FY2025
Diluted EPS
-$0.43
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 23 new.
Fourth-quarter earnings lower than 2024: Fourth-quarter net income attributable to common stockholders was $10.4 million, or $0.09 per diluted share, against $30.6 million, or $0.25, a year earlier. Adjusted EBITDA was $118.1 million, against $176.7 million.
Most volume and cost targets met: Seven of eight segment volume and cost metrics met or exceeded the original full-year 2025 guidance, according to the company.
Centurion longwall starts early: Longwall cutting at Centurion was expected to begin the week of the release, two months ahead of schedule, marking a milestone in the company's metallurgical segment.
Metallurgical realization set to rise: Segment-wide metallurgical realizations are expected to rise from about 70 percent of benchmark in 2025 to 80 percent in 2026, with potential to exceed that as Centurion reaches full scale.
Higher coal burn lifted U.S. volumes: Higher natural gas prices and AI and data-center demand for dispatchable power increased coal plant utilization, led by 85 million tons from Powder River Basin mines.
$ million except per share. Read moreFree 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
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
334
606
1,036
-45.0%
Capital expenditure
411
401
348
+2.5%
Free cash flow
-77.7
205
687
Free cash flow margin
-2.0%
4.8%
13.9%
Cash from investing
-347
-598
-343
Cash from financing
-85.2
-276
-460
Depreciation and amortisation
384
343
321
+12.1%
Share-based compensation
13.8
7.3
6.9
+89.0%
Buybacks
0.0
183
348
Dividends paid
36.5
37.6
30.6
-2.9%
Dividend per share
$0.30
$0.30
$0.23
0.0%
Diluted shares, weighted
122m
142m
154m
-14.2%
Shares outstanding at period end
n/a
n/a
129m
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
3,536
3,650
3,547
-3.1%
Non-controlling interest
45.8
58.3
60.5
-21.4%
Debt
336
348
334
-3.4%
Operating lease liabilities
87.5
86.7
47.7
+0.9%
Finance lease liabilities
5.6
9.3
8.8
-39.8%
Other liabilities
1,796
1,801
1,964
-0.3%
Total liabilities and equity
5,807
5,954
5,962
-2.5%
Fixed assets
3,153
3,082
2,844
+2.3%
Cash and equivalents
575
700
969
-17.9%
Receivables
315
359
390
-12.4%
Inventory
383
393
352
-2.6%
Other assets
1,380
1,419
1,407
-2.7%
Total assets
5,807
5,954
5,962
-2.5%
10-K for the year ended 31 December 2025, filed 19 February 2026: the filing.