Peabody Energy Reports Q2 FY 2023 Earnings Results on July 27th

☀️Earnings Overview

On July 27 2023, Peabody Energy ($NYSE:BTU) reported their earnings results for the second quarter of fiscal year 2023, ending June 30 2023. Total revenue of USD 1268.8 million was 4.0% lower than in the same period the previous year, while net income decreased by 56.2%, amounting to USD 179.2 million.

Price History

On July 27th, Peabody Energy reported their Q2 FY 2023 earnings results. The stock opened at $21.7 and closed at the same price, down 3.3% from its prior closing price of 22.4. This was largely due to higher expenses and lower revenues. Revenues decreased by 10% from the same period last year, while costs increased by 8%.

Overall, the earnings results were not as expected and investors seemed to be disappointed by the results. The stock price dropped by 3.3% following the release of the earnings report, which was significantly lower than the gains in the broader market. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis

GoodWhale has been analyzing PEABODY ENERGY‘s financials and has concluded that it has a high health score of 8/10 when it comes to its cashflows and debt, making it capable of sustaining future operations in times of crisis. This kind of company would be attractive to investors who are seeking fast-growing potential investments, but with an understanding of the inherent risks. In terms of specific metrics, PEABODY ENERGY is strong in liquidity and medium in asset, growth, profitability and weak in dividend. This profile gives investors an idea of the company’s current performance and future prospects. With its high health score, PEABODY ENERGY could be a suitable choice for investors who are looking for potential high-growth investments. More…

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 reported their second quarter earnings results for the fiscal year 2023 which revealed a decrease in total revenue of 4.0% and net income of 56.2% compared to the same period the previous year. This news had a direct effect on the stock price, with it dropping the same day. Investors should monitor the stock and the company’s financials closely, as it may pose risk for further investments. It is important to stay informed of any news or developments in the company, so as to make the most informed decision possible when it comes to investing in Peabody Energy.