Peabody reports Q1 net loss amid strong thermal coal demand and Centurion mine ramp-up delays

Peabody Energy reported a net loss of $32.4 million in Q1 2026, down from a $34.4 million profit a year earlier, due to challenges at its Centurion mine and lower metallurgical coal volumes. Despite this, the company saw strong demand and higher prices for thermal coal, especially in seaborne markets influenced by the Middle East conflict, resulting in $82.5 million Adjusted EBITDA. The Centurion mine is progressing toward full production after resolving equipment and roof control issues, with full ramp-up expected in the second half of 2026. Peabody also declared a quarterly dividend and is advancing rare earth element projects, signaling a focus on both current operations and future growth.