Peabody Energy Stock Drops Over 10% After Disappointing Earnings Report
On Wednesday, Peabody Energy (NYSE: BTU) saw its stock fall more than 10%, closing at $20.82 after a disappointing second-quarter earnings report. The coal company reported revenue of $1 billion for the quarter—up from $890 million in the same period last year—but posted an attributable net loss of $90.6 million, or $0.74 per share, significantly worse than both its prior-year performance and analyst expectations. Peabody attributed the poor results to lower volumes and higher costs but expressed optimism for a second-half recovery as production ramps up at its Centurion mine in Australia. The company also provided sales volume guidance for 2026 across several coal segments, with mixed projections compared to last year’s figures.
Tickers: $BTU
Topics: coal energy sector stock performance