PEABODY ENERGY CORP (BTU) FY2025 10-K Annual Report
PEABODY ENERGY CORP (BTU) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
PEABODY ENERGY CORP FY2025 10-K Analysis
Business Overview
- • Core business model: Global coal mining and energy production company
- • New strategic acquisitions in 2024 of Anglo American Steelmaking Coal Assets and related share purchase agreements expanding Australian coal operations
- • Focus on integrating acquired assets from Anglo American and managing option deeds and loan notes tied to these transactions
- • Equity compensation plans with 664,135 shares issuable under outstanding options and 4,917,561 shares available for future issuance as of December 31, 2025
- • Multiple detailed amendments and agreements filed, reflecting complex restructuring and transactions during 2023-2025 period
Management Discussion & Analysis
- • Revenue $3.86B, down $375M (8.9%) YoY; Seaborne Thermal down $305M (25.2%), Powder River Basin up $54M (4.9%)
- • Adjusted EBITDA $455M, down $417M (47.8%) YoY; Powder River Basin best segment with $176M (up 26.8%), Seaborne Metallurgical worst at $56M (down 76.7%)
- • Operating margin decline implied by EBITDA and revenue drop; net loss from continuing ops $42M vs income $407M prior year
- • Segment costs $3.31B, modestly down $62M (1.8%); Corporate costs down 49.5%; asset retirement down 25.4%
- • No buyback or dividend details disclosed; capex not explicitly stated; notable $6.25M govt funding for rare earths pilot plant
- • Management notes global coal price volatility, impacts from geopolitical and trade factors, and risks from terminated Anglo acquisition arbitration
Risk Factors
- • Regulatory risk: potential contract terminations if coal supply agreements fail price adjustments under environmental laws affecting coal use
- • Macroeconomic threat: tariffs impacting steel imports could reduce demand for metallurgical coal, which was 27% of 2025 revenue
- • Operational vulnerability: $1.0 billion take-or-pay rail and port contracts in Australia through 19 years increase fixed costs despite usage
- • Competitive risk: steel industry shift to electric arc furnaces reduces metallurgical coal demand, threatening 25-27% revenue segment
- • Financial risk: $997.2 million surety bonds and $227.2 million letters of credit required for reclamation may become costly or unavailable
PEABODY ENERGY CORP FY2025 Key Financial MetricsXBRL
Revenue
$3.9B
▼ -8.9% YoY
Net Income
-$53M
▼ -114.3% YoY
Operating Margin
-2.1%
▼ -1258bp YoY
Net Margin
-1.4%
▼ -1012bp YoY
ROE
-1.5%
▼ -1166bp YoY
Total Assets
$5.8B
▼ -2.5% YoY
EPS (Diluted)
$-0.43
▼ -115.9% YoY
Operating Cash Flow
$334M
▼ -45.0% YoY
Source: XBRL data from PEABODY ENERGY CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
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