Peabody Energy reports Q2 EPS $1.42, consensus 61c

Reports Q2 revenue $1.04B, consensus $1.01B. “Our operations performed safely, while achieving results in-line with expectations across all four segments. With a strong outlook for free cash flow in the second half of 2024, we have committed $100M for additional share buybacks,” said CEO Jim Grech. “Development at Centurion remains on plan, with initial underground development rates exceeding expectations. We reached first development coal in the second quarter and expect to ship to customers beginning in Q4 of 2024.”