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Adjusted EBITDA per ton by Segment
Measures profitability on a per-ton basis across different segments, highlighting operational efficiency and cost management in each area of the business.Seaborne metallurgical per‑ton profitability has swung from a past peak into near‑breakeven or loss territory driven by Centurion’s commissioning issues—management attributes the hit to lost volumes and higher met costs and only expects recovery in H2 2026. Seaborne thermal, though off its highs, remains the primary per‑ton earnings engine but is exposed to unpriced volumes and rising diesel/freight costs. PRB is a steady low‑margin cash generator and Other U.S. thermal’s rebound underpins liquidity, making metallurgical production the key swing factor for near‑term earnings.
Date | Seaborne Thermal | Seaborne Metallurgical | Powder River Basin | Other US Thermal |
|---|---|---|---|---|
Jun 30, 2026 | $16.92 | -$7.04 | -$0.43 | $9.13 |
Mar 31, 2026 | $16.17 | -$3.50 | $1.12 | $11.45 |
Dec 31, 2025 | $19.24 | $9.84 | $2.01 | $4.89 |
Sep 30, 2025 | $10.02 | $13.03 | $2.29 | $1.87 |
Jun 30, 2025 | $9.12 | -$4.18 | $2.16 | $4.69 |
Mar 31, 2025 | $19.27 | $7.49 | $1.84 | $10.61 |
Dec 31, 2024 | $26.17 | $22.20 | $1.74 | $10.34 |
Sep 30, 2024 | $29.20 | $16.56 | $2.34 | $7.02 |
Jun 30, 2024 | $25.29 | $31.82 | $1.13 | $9.68 |
Mar 31, 2024 | $23.53 | $33.77 | $0.88 | $14.50 |