Press Releases

Ensuring the health and safety of employees and communities, and safeguarding financial flexibility during COVID-19; Implemented cost reduction activities with further actions underway, goal for all mines to demonstrate path to cash generation at lower pricing levels; Suspending 2020 guidance given global economic uncertainty.

Fourth quarter reflects 10-percent cost-per-ton improvement in three operating segments; Lowering capital expenditures and suspending dividends in light of industry conditions and portfolio changes; Emphasizing debt reduction to maintain financial strength; Continuing to progress regulatory process for proposed PRB/Colorado JV; Commencing commercial process for North Goonyella Mine in tandem with ongoing mine development plan

Third quarter results reflect previously announced effects of pricing, shipments and Middlemount performance; Quarter highlighted by multi-year low PRB cost performance; Anticipating conclusion of FTC review of PRB/Colorado JV in first half of 2020; Advancing preferred path to access substantial North Goonyella reserves; Taking steps to streamline organization, reset operational performance and strengthen portfolio

Second quarter results supported by strong Shoal Creek performance, solid seaborne thermal contributions and lower costs across multiple segments; Highly synergistic PRB/Colorado joint venture aimed at strengthening competitiveness of coal while creating substantial value for customers and shareholders; Share repurchases targeted to accelerate in second half of 2019

- JV synergies projected to average approximately $120 million per year over initial 10 years, with NPV of approximately $820 million

Peabody earns $133.3 million in income from continuing operations, net of income taxes, $1.15 in diluted earnings per share from continuing operations and $253.9 million in Adjusted EBITDA, with the seaborne thermal segment leading the company in Adjusted EBITDA margins of 38 percent; Newly acquired Shoal Creek Mine's first quarter operating cash flows imply a less than two-year payback period; Lowering 2019 capital expenditure guidance range to $350 million to $375 million; Peabody returns $313 million in cash to shareholders in first quarter, bringing total shareholder returns to $1.42 billion since mid-2017.

Seaborne coal segments continue to drive Peabody performance and investments; Peabody earns $233.5 million in income from continuing operations net of income taxes, $1.97 in diluted earnings per share from continuing operations and $273.7 million in Adjusted EBITDA in the fourth quarter; Seaborne thermal segment delivers over 40% Adjusted EBITDA margins in fourth quarter and full year; Targeting 2019 sales of ~2.5 million tons from high-margin Shoal Creek Mine; Base case for North Goonyella Mine restart targets modest sales in 2019 and longwall production of ~2 million tons in 2020.

Third quarter performance reflects underlying strength of global platform amid events at North Goonyella Mine; Operating results led by Australian thermal segment; Largest quarter of share repurchases brings current buyback program to $875 million; Buybacks reaffirmed and authorization expanded to $1.5 billion; Shoal Creek acquisition to add 2 million tons or more of seaborne hard coking coal capacity per year