PEABODY ENERGY Posts 23.2% Revenue Increase in FY2022 Q4 with USD 632.0 Million Earnings Results

March 19, 2023

Earnings Overview

On February 14 2023, PEABODY ENERGY ($NYSE:BTU) released their earnings for the fourth quarter of FY2022, revealing total revenue of USD 632.0 million – up 23.2% year on year. Net income also showed a 28.6% increase, coming in at USD 1626.1 million compared to the same period in the prior year.

Transcripts Simplified

In the fourth quarter, Peabody Energy reported record net income attributable to common stockholders of $632 million, or $3.92 per diluted share, and adjusted EBITDA of $501 million. Free cash flow for the quarter was a record $580 million, and the company retired all $545 million of the remaining senior secured debt. For the full year, net income attributable to common stockholders was $1.3 billion and adjusted EBITDA more than doubled to $1.8 billion.

Seaborne thermal and metallurgical segments both reported increased adjusted EBITDA for both the fourth quarter and full year. At December 31, the company had $1.3 billion of cash after repaying all of the remaining senior secured debt.

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Peabody Energy. More…

    Total Revenues Net Income Net Margin
    4.98k 1.3k 26.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Peabody Energy. More…

    Operations Investing Financing
    1.17k -28.7 -681.6
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Peabody Energy. More…

    Total Assets Total Liabilities Book Value Per Share
    5.61k 2.32k 22.46
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Peabody Energy are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    2.5% 83.7% 28.5%
    FCF Margin ROE ROA
    19.1% 30.4% 15.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Price History

    On Tuesday, PEABODY ENERGY reported financial results from the fourth quarter of fiscal year 2022, posting a 23.2% increase in revenue to USD 632.0 million. PEABODY ENERGY stock opened at $27.8 and closed at $29.8, soaring by 13.3% from the prior closing price of $26.3. The strong financial performance was driven by the company’s efforts to strengthen its balance sheet and reduce its debt load.

    The company also reported a significant improvement in its cash flow, which enabled it to reduce its debt by more than USD 1.1 billion in the fourth quarter. The strong results drove the stock price higher and pushed it to close out the trading session at $29.8, up 13.3% from the previous closing price of $26.3. Live Quote…

    Analysis

    At GoodWhale, we help investors make informed decisions when evaluating potential investments. We recently had the opportunity to analyze PEABODY ENERGY’s financials, and have determined that they are a medium risk investment in terms of financial and business aspects. When evaluating PEABODY ENERGY’s financials, we identified 3 risk warnings in the income sheet, balance sheet, and financial journal. We invite you to go online to our website, goodwhale.com, to view the details of our analysis, and help you make the best decision for your investments. Our mission at GoodWhale is to provide investors with the most comprehensive financial data analysis available. We are constantly looking for ways to ensure that our users have access to the most up-to-date information so that they can make the best decisions for their investments. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis


  • Peers

    In the coal industry, there is stiff competition among the top companies. Peabody Energy Corp, Alliance Resource Partners LP, CONSOL Energy Inc, and Arch Resources Inc are all vying for a piece of the pie. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which company they want to support.

    – Alliance Resource Partners LP ($NASDAQ:ARLP)

    Alliance Resource Partners LP is a leading producer and marketer of coal in the United States. The company has a market cap of $3.06 billion and a return on equity of 19.31%. Alliance Resource Partners LP is engaged in the business of mining, processing and selling coal to electric utilities and metallurgical coal customers. The company operates mines in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, Virginia and West Virginia.

    – CONSOL Energy Inc ($NYSE:CEIX)

    CONSOL Energy Inc. is a coal and natural gas company. It has a market cap of 2.2B as of 2022 and a ROE of 40.18%. The company has a diversified portfolio of high-quality assets including the Marcellus Shale, the Utica Shale, the Barnett Shale, and the Appalachian Basin. The company is committed to providing safe and reliable energy to its customers and is one of the largest producers of both coal and natural gas in the United States.

    – Arch Resources Inc ($NYSE:ARCH)

    Arch Resources, Inc. operates as a metallurgical coal and thermal coal producer for the steel and power generation industries. It owns and operates coal mines in Wyoming, Colorado, West Virginia, Kentucky, Virginia, and Illinois. As of December 31, 2020, the company had estimated recoverable reserves of 1.1 billion tons of coal. Arch Resources, Inc. was founded in 1969 and is headquartered in St. Louis, Missouri.

    Summary

    PEABODY ENERGY had a strong fourth quarter of FY2022, with total revenue increasing by 23.2% and net income experiencing a 28.6% growth compared to the same period in the previous year. This positive financial performance caused the stock price of PEABODY ENERGY to move up on the same day, indicating investor confidence in the company’s prospects. Analysts are now optimistic about investing in PEABODY ENERGY, citing its strong financial results and the potential for future growth. Investors may want to consider adding PEABODY ENERGY to their portfolio, given its impressive financial performance and promising outlook.

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