Peabody Energy Corporation Stock News

Peabody Energy is shifting its focus from thermal to metallurgical coal, aiming for a 74/26 split by 2026 through strategic acquisitions and new projects. The company is undervalued at a 2.69x EV/EBITDA multiple, despite initiatives to enhance its metallurgical coal production and extend business longevity. Peabody's share buyback program and debt reduction efforts are pivotal in driving shareh...

Marks another major milestone in the redevelopment of the premium steelmaking coal mine ST. LOUIS , Dec. 16, 2024 /PRNewswire/ -- Peabody (NYSE: BTU) today announced that it has successfully shipped the first product from its Centurion Mine in Queensland's Bowen Basin, marking another major milestone in the redevelopment of the premium hard coking coal mine.

Peabody Energy Corp (NYSE:BTU) stock has been chopping lower since its Nov. 6 52-week high of $29.94, down 10% in just the last week.

Anglo American's deal sits in line with the mining company's plans to refocus its business on copper, iron ore and crop nutrients.

The company is paying up to $3.8 billion in cash for the Anglo assets.

Anglo American is selling its remaining steelmaking coal assets for up to nearly $3.8 billion to U.S. firm Peabody Energy (BTU), as the London-listed mining giant restructures its business after rejecting several takeover bids by rival BHP.

Anglo American on Monday agreed to sell its Australian steelmaking coal mines to Peabody Energy for a cash consideration of up to $3.78 billion, in its first major disposal as part of a wider restructuring plan.

Transforms Peabody into a leading global seaborne metallurgical coal producer with Tier 1 mines 1 near the world's strongest steel markets Transaction represents an attractive 3.1x times enterprise-value-to-2026 EBITDA multiple Delivers significant cash flow accretion to Peabody across all time periods Positions Peabody to capture substantial synergies and enhance margins Enables continuing cap...