Peabody Energy

Peabody Energy, Inc.
Company typePublic
NYSE: BTU
Russell 2000 Component
S&P 600 Component
IndustryCoal mining
Founded1883 (1883) (Chicago, Illinois, US)
HeadquartersSt. Louis, Missouri, US
Key people
Jim Grech, President and CEO[1]
Revenue$4.981 billion (2022)
Increase$3.318 billion (2021)[2]
Increase US$1.4 billion (2022)[2]
Total equityUS$3.3 billion (2023)[2]
Number of employees
5,500[3] (2023)
Websitewww.peabodyenergy.com
Peabody's North Antelope Rochelle Coal Mine, Wyoming in 2005, from ISS. A portion of Arch Coal's Black Thunder Mine Complex is visible to north (left).

Peabody Energy is a coal mining company headquartered in St. Louis, Missouri.[4][5] Its primary business consists of the mining, sale, and distribution of coal, which is purchased for use in electricity generation and steelmaking. Peabody also markets, brokers, and trades coal through offices in China, Australia, and the United States.

In 2022, Peabody recorded sales of 124 million tons of coal.[6] Peabody markets coal to electricity generating and industrial customers in more than 26 nations. As of December 31, 2022, the company had approximately 2.4 billion tons of proven and probable coal reserves.[7]

Peabody maintains ownership or majority interests in 17 surface and underground mining operations located throughout the United States and Australia.[8] In the United States, company-owned mines are located in Alabama, Colorado, Illinois, Indiana, New Mexico, and Wyoming. Peabody's largest operation is the North Antelope Rochelle Mine located in Campbell County, Wyoming, which mined more than 60 million tons of coal in 2022. Peabody spun off coal mining operations in West Virginia and Kentucky into Patriot Coal Corporation in October 2007. In October 2011, Peabody acquired a majority ownership stake in Queensland-based Macarthur Coal Ltd, which specializes in the production of metallurgical coal, primarily seaborne pulverized injection coal.[9]

The company filed for Chapter 11 bankruptcy protection on April 13, 2016.[10] The company emerged from bankruptcy on April 3, 2017, and started trading on NYSE with a ticker symbol BTU. It also changed the company logo from Peabody Energy to just Peabody.[11]

  1. ^ "Peabody Energy names Jim Grech as its new president and CEO". St. Louis Business Journal. ISSN 0271-6453. Retrieved June 21, 2021.
  2. ^ a b c "Peabody Energy Financial Statements 2009–2023". Retrieved December 31, 2022.
  3. ^ "Peabody Energy". Fortune. Archived from the original on May 3, 2019. Retrieved December 31, 2018.
  4. ^ "Contact Peabody Archived January 12, 2010, at the Wayback Machine." Peabody Energy Corporation. Retrieved on August 19, 2009
  5. ^ "Peabody Energy Corporation - Company Profile". Hoovers.com. October 21, 2010. Retrieved July 8, 2020.
  6. ^ "2022 10-K Report" (PDF).
  7. ^ "Annual report which provides a comprehensive overview of the company for the past year". Peabody. Retrieved April 3, 2017.
  8. ^ "Operations". PeabodyEnergy.com. Peabody Energy. Retrieved October 12, 2017.
  9. ^ Tomich, Jeffrey (October 25, 2011). "Peabody Energy, partner take control of Macarthur Coal". St. Louis Post Dispatch. Retrieved November 29, 2011.
  10. ^ "Peabody Energy Chapter 11 Petition" (PDF). PacerMonitor. Retrieved May 9, 2016.
  11. ^ "Peabody - Newsroom". Peabodyenergy.com.