Peabody reported a first-quarter 2026 net loss attributable to common stockholders of $32.4 million, or $(0.27) per diluted share, versus net income of $34.4 million, or $0.27 per share, a year earlier. Adjusted EBITDA fell to $82.5 million from $144.0 million in the prior-year quarter and from $118.1 million in the December quarter.
Revenue was $973.3 million, down from $1.022 billion in the fourth quarter and up from $937.0 million a year ago. Operating loss was $44.2 million, compared with operating profit of $7.8 million in the prior quarter and $31.9 million in the March 2025 quarter. Cash from operations dropped to $30.6 million from $69.2 million in the December quarter and $120.5 million a year earlier.
Seaborne thermal coal sold 3.0 million tons, down from 4.4 million tons in the prior quarter and 3.3 million tons a year ago. Revenue per ton rose to $66.61 from $60.64 in the December quarter and $62.84 a year earlier. Average realized export price increased to $86.25 per ton from $79.39, while domestic pricing rose to $32.62 from $24.95. Segment adjusted EBITDA was $48.5 million, down from $84.2 million in the prior quarter and $63.5 million a year earlier, even as costs per ton improved to $50.26 from $41.37 a year ago.
Seaborne metallurgical coal sold 2.0 million tons, up from 1.8 million in the December quarter but down from 2.5 million a year earlier. Revenue per ton increased to $138.28 from $125.15 a year ago and $122.84 in the prior quarter. Costs per ton climbed to $141.72 from $117.66 a year ago and $112.94 in the prior quarter. The segment posted an adjusted EBITDA loss of $7.0 million, versus a gain of $13.2 million a year ago and $24.6 million in the prior quarter.
Powder River Basin sales rose to 21.2 million tons from 19.6 million a year ago and 22.3 million in the December quarter. Revenue per ton edged down to $13.65 from $14.02 a year ago but was slightly above the $13.44 in the prior quarter. Adjusted EBITDA was $23.7 million, down from $36.3 million a year ago and $44.8 million in the prior quarter.
Other U.S. thermal sold 3.3 million tons, up from 3.1 million a year ago and down from 3.7 million in the prior quarter. Revenue per ton rose to $55.79 from $54.32 a year ago and $51.64 in the December quarter. Segment adjusted EBITDA was $37.8 million, up from $32.9 million a year ago but down from $18.1 million in the prior quarter.
On the balance sheet, cash and cash equivalents fell to $492.5 million from $575.3 million at year-end. Total cash, cash equivalents and restricted cash declined to $1.168 billion from $1.285 billion. Total debt was little changed at $335.2 million, while stockholders’ equity slipped to $3.54 billion from $3.58 billion. The market has reacted to these announcements by moving the company's shares -1.24% to a price of $26.19. Check out the company's full 8-K submission here.
