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Peabody Energy Corporation (BTU-1.34%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing reports revenue of $1,088.0 million for the quarter, an increase from $1,078.9 million in the same quarter the previous year, attributed to higher seaborne thermal coal pricing.
Operating costs and expenses rose to $845.8 million from $803.7 million in the prior year, impacting the company's profitability.
Adjusted EBITDA for the quarter was $224.8 million, down from $270.0 million in the previous year, reflecting increased operational costs.
Net income attributable to common stockholders was $101.3 million, a decrease from $119.9 million in the prior year, due to higher costs and expenses.
Peabody reported cash and cash equivalents of $772.9 million as of September 30, 2024, with available liquidity totaling $1,089.9 million.
During the quarter, Peabody repurchased approximately 4.5 million shares of its common stock for $100.0 million, leaving $469.6 million available under its share repurchase program.
The company declared a dividend of $0.075 per share, with an additional dividend declared on October 31, 2024, to be paid on December 4, 2024.
Peabody's total indebtedness as of September 30, 2024, was $338.5 million, with a long-term debt of $323.7 million.
The company continues to focus on its Centurion Mine redevelopment, with first coal shipment expected in the fourth quarter of 2024.
Peabody's liquidity position and financial performance are subject to market conditions, regulatory changes, and operational costs.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Peabody Energy Corporation quarterly 10-Q report dated November 8, 2024. To report an error, please email earnings@qz.com.