Peabody Energy shares fell more than 10% on Wednesday after the coal producer reported a second-quarter attributable net loss of $90.6 million, or $0.74 per share, far wider than the $0.36 per share loss analysts had expected. Revenue came in at $1 billion, roughly in line with the consensus estimate and up from $890 million a year earlier. The company cited lower volumes and higher costs for the weak bottom-line result, while forecasting that its Australian Centurion mine will help drive improvement in the second half of the year. For full-year 2026, Peabody guided seaborne thermal coal sales volume from Australia to 12.4 million to 13 million tons, down from 16.4 million tons last year, and seaborne metallurgical coal to 8.8 million to 10.3 million tons, up from 8.6 million tons. U.S. thermal coal from the Powder River Basin is expected to reach 82 million to 88 million tons, compared with 84.5 million tons in 2025, while other U.S. thermal coal is guided to 13.2 million to 14.2 million tons, versus 13.4 million tons last year.
Peabody Energy CorpQ2 net loss of $90.6M ($0.74/share) far missed the $0.36 loss consensus, with lower volumes and higher costs.