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Peabody Energy (BTU) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Peabody Energy (BTU) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $1.1B · 3¢ of every $1 of revenue lost · operating margin -3.9%

Peabody Energy made $1.1B in Q3 2026 (+8% Y/Y): Seaborne Metallurgical $366M, Powder River Basin $268M, Seaborne Thermal $242M. Operating margin -3.9%, net loss $28.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$1.1B
Year over year+8%
Operating margin-3.9%
Net earnings−$28.9M
Operating cash flow−$1.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.1B in Q3 2026, up 8% year over year and up 9% from the previous quarter. Seaborne Metallurgical was the largest line at 33% of revenue. Seaborne Metallurgical added $0.11B year over year (up 41%), 127% of the total change. Corporate and Other (1) declined 15%.

Operating costs exceeded revenue by $0.04B, an operating margin of -3.9%. Total costs grew 4% against revenue growth of 8%. The quarter ended with a net loss of $0.03B, narrower than the previous quarter's $0.09B loss. Non-operating items added $0.01B, -27% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$1.4M. Non-cash charges added back $0.10B of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.06B.

Quarterly history

Peabody Energy revenue by quarterPeabody Energy revenue by quarter$937MQ1 2025$890MQ2 2025$1.0BQ3 2025$1.0BQ4 2025$973MQ1 2026$1.0BQ2 2026$1.1BQ3 2026
Peabody Energy net earnings by quarterPeabody Energy net earnings by quarter$34.4MQ1 2025−$26.0MQ2 2025−$66.9MQ3 2025$10.4MQ4 2025−$25.6MQ1 2026−$86.2MQ2 2026−$28.9MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$1.1B+8%-3.9%−$28.9M−$1.4M
Q2 202610-QAug 6, 2026$1.0B+13%-10.5%−$86.2M−$1.4M
Q1 202610-QMay 6, 2026$973M+4%-4.5%−$25.6M$30.0M
Q4 202510-KFeb 19, 2026$1.0B-9%0.8%$10.4M$68.6M
Q3 202510-QNov 7, 2025$1.0B-7%-8.0%−$66.9M$122M
Q2 202510-QAug 7, 2025$890M-15%-4.3%−$26.0M$23.2M
Q1 202510-QMay 8, 2025$937M-5%3.4%$34.4M$120M

Charts

Peabody Energy: revenue growth, year over year and quarter over quarterPeabody Energy: revenue growth, year over year and quarter over quarterY/YQ/Q-5%Q1 2025-15%-5%Q2 2025-7%+14%Q3 2025-9%+1%Q4 2025+4%-5%Q1 2026+13%+3%Q2 2026+8%+9%Q3 2026
Latest (Q3 2026): Y/Y +8%, Q/Q +9%.
Peabody Energy: where the cash came from (+) and went (−), TTM to Q3 2026Peabody Energy: where the cash came from (+) and went (−), TTM to Q3 2026Net borrowing (+) / repaid (−)−$565MCash drawn (+) / kept (−)$526MOther investing−$355MOther financing$309MOperating cash flow$95.8MDividends−$36.4MAsset & business sales$25.9M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Peabody Energy: profit against cash, quarter by quarterPeabody Energy: profit against cash, quarter by quarterNet incomeOperating cash flow$37.8M$120MQ4 2024$38.0M$120MQ1 2025−$26.0M$23.2MQ2 2025−$66.9M$122MQ3 2025$12.4M$68.6MQ4 2025−$25.6M$30.0MQ1 2026−$86.2M−$1.4MQ2 2026−$28.9M−$1.4MQ3 2026
Latest (Q3 2026): Net income −$28.9M, Operating cash flow −$1.4M.
Peabody Energy: diluted shares by fiscal yearPeabody Energy: diluted shares by fiscal year98MFY2020112MFY2021157MFY2022154MFY2023142MFY2024122MFY2025
+24.7% since FY2020: more shares outstanding (issuance, stock pay).
Peabody Energy in its industry: growth against margin (5 companies, SIC 1221)Peabody Energy in its industry: growth against margin (5 companies, SIC 1221)revenue growth, year over year →↑ operating marginmedian +6%median 12%ARLPAMRNCNRPBTU (+8%, -4%)
Bituminous Coal & Lignite Surface Mining; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Peabody Energy

Peabody is a leading producer of metallurgical and thermal coal. The Company owned interests in 16 active coal mining operations located in the United States (U.S.) and Australia at December 31, 2025. Included in that count is Peabody’s 50% equity interest in Middlemount Coal Pty Ltd. (Middlemount). During 2025, Peabody continued to advance the development of the Centurion Mine, an underground longwall metallurgical coal mine in Queensland, Australia. Full-scale longwall production commenced in February 2026. The mine is expected to enhance both the quantity and quality of the Company’s production from the Seaborne Metallurgical reportable segment.

In its own words, from its 10-K, filed Feb 19, 2026.

Peabody Energy against its Bituminous Coal & Lignite Surface Mining peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +6%. Operating margin: -3.9% against the peers' median 11.5%.

CompanyQuarterRevenueY/YOp. margin
BTU Peabody EnergyQ3 2026$1.1B+8%-3.9%
ARLP Alliance Resource Partners LPQ3 2026$603M+6%24.5%
AMR Alpha Metallurgical ResourcesQ3 2026$562M+7%-1.4%
NC Nacco IndustriesQ3 2026$80.5M+5%11.5%
NRP Natural Resource Partners LPQ1 2025$51.3M-22%83.7%

Source: Peabody Energy 10-Q on SEC EDGAR · CIK 1064728 · Bituminous Coal & Lignite Surface Mining

Guidance and outlook

Peabody Energy: what its forward-looking statements are about (10-Q filed 2026-11-06)Peabody Energy: what its forward-looking statements are about (10-Q filed 2026-11-06)Other4Buybacks & dividends1Capital spending1Margins1
7 statements; tone -0.29 (−1 all cautious, +1 all confident); 4 hedged.
Peabody Energy: outlook statements against the filing beforePeabody Energy: outlook statements against the filing beforeConfident1Cautious3

13F: who owns BTU and who is buying

Largest holders of BTU (13F)Largest holders of BTU (13F)Vanguard Group$450MBlackRock$436MState Street$257MVanguard Portfolio Management LLC$189MDimensional Fund Advisors LP$147MVanguard Capital Management LLC$127MRenaissance Technologies LLC$123MHudson Bay Capital Management LP$89.8MAmerican Century Companies$84.7MGeode Capital Management, LLC$73.0M
Funds' net buying of BTU by quarter (13F)Funds' net buying of BTU by quarter (13F)$106M2024-09−$148M2024-12−$2.9M2025-03$19.3M2025-06$115M2025-09$80.7M2025-12−$248M2026-03−$33.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BTU

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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