Peabody Energy Reports Record Safety, Early Completion of Centurion Mine, and Improving Coal Market Fundamentals

Peabody Energy reported Q4 net income of $10.4 million and adjusted EBITDA of $118 million, with year-end cash of $575 million and total liquidity above $900 million. The Centurion longwall project is expected to ramp to 4.7 million tons/year of premium hard coking coal, with a >25-year mine life and an updated valuation of $2.1 billion NPV at $225 benchmark. Management guided 2026 capex to $340 million and said Centurion's completion should enable "substantial" free cash flow and move shareholder returns closer to 100% of free cash flow.