10/31/2024 | Press release | Distributed by Public on 10/31/2024 05:50
Seaborne Thermal | ||||||||||
Quarter Ended | Nine Months Ended | |||||||||
Sept. | Jun. | Sept. | Sept. | Sept. | ||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||
Tons sold (in millions) | 4.1 | 4.1 | 4.2 | 12.2 | 11.8 | |||||
Export | 2.6 | 2.7 | 2.7 | 7.8 | 7.4 | |||||
Domestic | 1.5 | 1.4 | 1.5 | 4.4 | 4.4 | |||||
Revenue per Ton | $ | 76.21 | $ | 74.43 | $ | 71.38 | $ | 73.99 | $ | 89.06 |
Export - Avg. Realized Price per Ton | 105.51 | 98.43 | 99.55 | 101.13 | 127.67 | |||||
Domestic - Avg. Realized Price per Ton | 25.36 | 26.69 | 20.92 | 26.11 | 23.23 | |||||
Costs per Ton | 47.01 | 49.14 | 43.68 | 47.96 | 48.35 | |||||
Adjusted EBITDA Margin per Ton | $ | 29.20 | $ | 25.29 | $ | 27.70 | $ | 26.03 | $ | 40.71 |
Adjusted EBITDA (in millions) | $ | 120.0 | $ | 104.4 | $ | 115.5 | $ | 318.2 | $ | 477.0 |
Seaborne Metallurgical | ||||||||||
Quarter Ended | Nine Months Ended | |||||||||
Sept. | Jun. | Sept. | Sept. | Sept. | ||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||
Tons sold (in millions) | 1.7 | 2.0 | 1.5 | 5.1 | 4.8 | |||||
Revenue per Ton | $ | 144.60 | $ | 149.29 | $ | 162.02 | $ | 154.31 | $ | 189.50 |
Costs per Ton | 128.04 | 117.47 | 110.38 | 126.98 | 132.74 | |||||
Adjusted EBITDA Margin per Ton | $ | 16.56 | $ | 31.82 | $ | 51.64 | $ | 27.33 | $ | 56.76 |
Adjusted EBITDA, Excluding Insurance Recovery (in millions) | $ | 27.8 | $ | 62.8 | $ | 78.6 | $ | 138.9 | $ | 271.9 |
Shoal Creek Insurance Recovery (in millions) | $ | - | $ | 80.8 | $ | - | $ | 80.8 | $ | - |
Adjusted EBITDA (in millions) | $ | 27.8 | $ | 143.6 | $ | 78.6 | $ | 219.7 | $ | 271.9 |
Powder River Basin | ||||||||||
Quarter Ended | Nine Months Ended | |||||||||
Sept. | Jun. | Sept. | Sept. | Sept. | ||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||
Tons sold (in millions) | 22.1 | 15.8 | 22.7 | 56.6 | 63.6 | |||||
Revenue per Ton | $ | 13.84 | $ | 14.02 | $ | 13.79 | $ | 13.82 | $ | 13.80 |
Costs per Ton | 11.50 | 12.89 | 11.41 | 12.30 | 11.98 | |||||
Adjusted EBITDA Margin per Ton | $ | 2.34 | $ | 1.13 | $ | 2.38 | $ | 1.52 | $ | 1.82 |
Adjusted EBITDA (in millions) | $ | 51.7 | $ | 17.8 | $ | 54.1 | $ | 85.9 | $ | 116.1 |
Other U.S. Thermal | ||||||||||
Quarter Ended | Nine Months Ended | |||||||||
Sept. | Jun. | Sept. | Sept. | Sept. | ||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||
Tons sold (in millions) | 4.0 | 3.7 | 4.2 | 10.9 | 12.5 | |||||
Revenue per Ton | $ | 53.52 | $ | 55.21 | $ | 53.89 | $ | 55.92 | $ | 54.12 |
Costs per Ton | 46.50 | 45.53 | 42.28 | 45.81 | 40.92 | |||||
Adjusted EBITDA Margin per Ton | $ | 7.02 | $ | 9.68 | $ | 11.61 | $ | 10.11 | $ | 13.20 |
Adjusted EBITDA (in millions) | $ | 28.4 | $ | 35.4 | $ | 49.1 | $ | 110.3 | $ | 165.2 |
Nine Months Ended | Year Ended | |||
Sept. | Dec. | |||
2024 | 2023 | |||
(Dollars in millions) | ||||
Net Cash Provided by Operating Activities: | $ | 486.7 | $ | 1,035.5 |
- Net Cash Used in Investing Activities | (389.6) | (342.6) | ||
- Distributions to Noncontrolling Interest | (34.8) | (59.0) | ||
+/- Changes to Restricted Cash and Collateral (1)
|
(24.7) | 90.2 | ||
- Anticipated Expenditures or Other Requirements | - | - | ||
Available Free Cash Flow (AFCF) (2)
|
$ | 37.6 | $ | 724.1 |
Amount Allocated to Shareholder Returns | $ | 127.9 | $ | 470.7 |
(1) This amount is equal to the total change in Restricted Cash and Collateral on the balance sheet, excluding partially offsetting amounts included in operating cash flow consisting of an inflow of $143 million and an outflow of $200 million for the nine months ended September 30, 2024 and the year ended December 31, 2023, respectively. | ||||
(2) AFCF is a non-GAAP financial measure defined as operating cash flow less investing cash flow and distributions to noncontrolling interests; plus/minus changes to restricted cash and collateral and other anticipated expenditures. Available Free Cash Flow is used by management as a measure of our ability to generate excess cash flow from our business. The Company's policy is to return at least 65% of annual AFCF to shareholders. |
Segment Performance | ||||
2024 Full Year | ||||
Total Volume (millions of short tons) |
Priced Volume (millions of short tons) | Priced Volume Pricing per Short Ton | Average Cost per Short Ton | |
Seaborne Thermal | 16 - 16.4 | 14.2 | $69.98 | $45.00 - $50.00 |
Seaborne Thermal (Export) | 10 - 10.4 | 8.2 | $102.05 | NA |
Seaborne Thermal (Domestic) | 6.0 | 6.0 | $26.09 | NA |
Seaborne Metallurgical | 7.2 - 7.6 | 5.4 | $151.00 | $118.00 - $128.00 |
PRB U.S. Thermal | 75 - 82 | 85 | $13.70 | $11.75 - $12.50 |
Other U.S. Thermal | 14.5 - 15.5 | 15.2 | $54.20 | $43.00 - $47.00 |
Other Annual Financial Metrics ($ in millions)
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2024 Full Year | ||||
SG&A | $90 | |||
Total Capital Expenditures | $425 | |||
Major Project Capital Expenditures | $275 | |||
Sustaining Capital Expenditures | $150 | |||
ARO Cash Spend | $50 | |||
Supplemental Information | ||||
Seaborne Thermal | ~40% of unpriced export volumes are expected to price on average at Globalcoal "NEWC" levels and ~60% are expected to have a higher ash content and price at 80-95% of API 5 price levels. | |||
Seaborne Metallurgical |
On average, Peabody's metallurgical sales are anticipated to price at 70-75% of the premium hard-coking coal index price (FOB Australia).
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PRB and Other U.S. Thermal | PRB and Other U.S. Thermal volumes reflect volumes priced at September 30, 2024. Weighted average quality for the PRB segment 2024 volume is approximately 8670 BTU. |
Condensed Consolidated Statements of Operations (Unaudited) | ||||||||||
For the Quarters Ended Sept. 30, 2024, Jun. 30, 2024 and Sept. 30, 2023 and the Nine Months Ended Sept. 30, 2024 and 2023 | ||||||||||
(In Millions, Except Per Share Data) | ||||||||||
Quarter Ended | Nine Months Ended | |||||||||
Sept. | Jun. | Sept. | Sept. | Sept. | ||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||
Tons Sold | 31.9 | 25.6 | 32.6 | 84.9 | 93.0 | |||||
Revenue | $ | 1,088.0 | $ | 1,042.0 | $ | 1,078.9 | $ | 3,113.6 | $ | 3,711.7 |
Operating Costs and Expenses (1)
|
845.8 | 803.9 | 803.7 | 2,463.9 | 2,512.3 | |||||
Depreciation, Depletion and Amortization | 84.7 | 82.9 | 82.3 | 247.4 | 239.2 | |||||
Asset Retirement Obligation Expenses | 12.9 | 12.9 | 15.4 | 38.7 | 46.3 | |||||
Selling and Administrative Expenses | 20.6 | 22.1 | 21.5 | 64.7 | 66.0 | |||||
Restructuring Charges | 1.9 | 0.1 | 0.9 | 2.1 | 3.0 | |||||
Other Operating (Income) Loss: | ||||||||||
Net Gain on Disposals | (0.1) | (7.5) | (1.4) | (9.7) | (8.5) | |||||
Asset Impairment | - | - | - | - | 2.0 | |||||
Provision for NARM and Shoal Creek Losses | - | 1.9 | 3.3 | 3.7 | 37.0 | |||||
Shoal Creek Insurance Recovery | - | (109.5) | - | (109.5) | - | |||||
Loss (Income) from Equity Affiliates | 2.1 | 1.3 | (5.6) | 7.1 | (9.7) | |||||
Operating Profit | 120.1 | 233.9 | 158.8 | 405.2 | 824.1 | |||||
Interest Expense, Net of Capitalized Interest | 9.7 | 10.7 | 13.8 | 35.1 | 45.5 | |||||
Net Loss on Early Debt Extinguishment | - | - | - | - | 8.8 | |||||
Interest Income | (17.7) | (16.8) | (20.3) | (53.7) | (56.5) | |||||
Net Periodic Benefit Credit, Excluding Service Cost | (10.1) | (10.2) | (10.0) | (30.4) | (29.4) | |||||
Income from Continuing Operations Before Income Taxes | 138.2 | 250.2 | 175.3 | 454.2 | 855.7 | |||||
Income Tax Provision | 25.7 | 39.4 | 46.5 | 85.2 | 238.7 | |||||
Income from Continuing Operations, Net of Income Taxes | 112.5 | 210.8 | 128.8 | 369.0 | 617.0 | |||||
(Loss) Income from Discontinued Operations, Net of Income Taxes | (1.0) | (1.6) | 2.5 | (3.3) | (0.1) | |||||
Net Income | 111.5 | 209.2 | 131.3 | 365.7 | 616.9 | |||||
Less: Net Income Attributable to Noncontrolling Interests | 10.2 | 9.8 | 11.4 | 25.4 | 49.3 | |||||
Net Income Attributable to Common Stockholders | $ | 101.3 | $ | 199.4 | $ | 119.9 | $ | 340.3 | $ | 567.6 |
Adjusted EBITDA (2)
|
$ | 224.8 | $ | 309.7 | $ | 270.0 | $ | 695.0 | $ | 1,018.8 |
Diluted EPS - Income from Continuing Operations (3)(4)
|
$ | 0.74 | $ | 1.43 | $ | 0.80 | $ | 2.47 | $ | 3.68 |
Diluted EPS - Net Income Attributable to Common Stockholders (3)
|
$ | 0.74 | $ | 1.42 | $ | 0.82 | $ | 2.44 | $ | 3.68 |
(1) | Excludes items shown separately. | |||||||||
(2) | Adjusted EBITDA is a non-GAAP financial measure. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | |||||||||
(3) |
Weighted average diluted shares outstanding were 141.6 million, 142.8 million and 149.9 million during the quarters ended September 30, 2024, June 30, 2024 and September 30, 2023, respectively. Weighted average diluted shares outstanding were 143.1 million and 156.7 million during the nine months ended September 30, 2024 and 2023, respectively.
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(4) | Reflects income from continuing operations, net of income taxes less net income attributable to noncontrolling interests. | |||||||||
This information is intended to be reviewed in conjunction with the company's filings with the SEC. |
Condensed Consolidated Balance Sheets | ||||
As of Sept. 30, 2024 and Dec. 31, 2023 | ||||
(Dollars In Millions) | ||||
(Unaudited) | ||||
Sep. 30, 2024 | Dec. 31, 2023 | |||
Cash and Cash Equivalents
|
$ | 772.9 | $ | 969.3 |
Accounts Receivable, Net
|
304.2 | 389.7 | ||
Inventories, Net | 444.3 | 351.8 | ||
Other Current Assets
|
286.6 | 308.9 | ||
Total Current Assets
|
1,808.0 | 2,019.7 | ||
Property, Plant, Equipment and Mine Development, Net
|
3,013.5 | 2,844.1 | ||
Operating Lease Right-of-Use Assets | 121.1 | 61.9 | ||
Restricted Cash and Collateral | 839.0 | 957.6 | ||
Investments and Other Assets
|
85.3 | 78.8 | ||
Total Assets
|
$ | 5,866.9 | $ | 5,962.1 |
Current Portion of Long-Term Debt
|
$ | 14.8 | $ | 13.5 |
Accounts Payable and Accrued Expenses
|
763.8 | 965.5 | ||
Total Current Liabilities
|
778.6 | 979.0 | ||
Long-Term Debt, Less Current Portion
|
323.7 | 320.7 | ||
Deferred Income Taxes
|
17.8 | 28.6 | ||
Asset Retirement Obligations, Less Current Portion | 647.4 | 648.6 | ||
Accrued Postretirement Benefit Costs
|
143.1 | 148.4 | ||
Operating Lease Liabilities, Less Current Portion
|
94.6 | 47.7 | ||
Other Noncurrent Liabilities
|
171.3 | 181.6 | ||
Total Liabilities
|
2,176.5 | 2,354.6 | ||
Common Stock
|
1.9 | 1.9 | ||
Additional Paid-in Capital
|
3,988.9 | 3,983.0 | ||
Treasury Stock
|
(1,926.5) | (1,740.2) | ||
Retained Earnings | 1,424.3 | 1,112.7 | ||
Accumulated Other Comprehensive Income
|
150.7 | 189.6 | ||
Peabody Energy Corporation Stockholders' Equity
|
3,639.3 | 3,547.0 | ||
Noncontrolling Interests
|
51.1 | 60.5 | ||
Total Stockholders' Equity
|
3,690.4 | 3,607.5 | ||
Total Liabilities and Stockholders' Equity
|
$ | 5,866.9 | $ | 5,962.1 |
This information is intended to be reviewed in conjunction with the company's filings with the SEC. |
Condensed Consolidated Statements of Cash Flows (Unaudited) | ||||||||||
For the Quarters Ended Sept. 30, 2024, Jun. 30, 2024 and Sept. 30, 2023 and the Nine Months Ended Sept. 30, 2024 and 2023 | ||||||||||
(Dollars In Millions) | ||||||||||
Quarter Ended | Nine Months Ended | |||||||||
Sept. | Jun. | Sept. | Sept. | Sept. | ||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||
Cash Flows From Operating Activities
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Net Cash Provided By Continuing Operations | $ | 361.4 | $ | 9.7 | $ | 87.5 | $ | 491.4 | $ | 832.7 |
Net Cash Used in Discontinued Operations
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(1.5) | (1.9) | (74.1) | (4.7) | (79.6) | |||||
Net Cash Provided By Operating Activities | 359.9 | 7.8 | 13.4 | 486.7 | 753.1 | |||||
Cash Flows From Investing Activities
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Additions to Property, Plant, Equipment and Mine Development
|
(98.7) | (105.6) | (68.1) | (265.7) | (190.4) | |||||
Changes in Accrued Expenses Related to Capital Expenditures | 7.2 | (6.9) | 0.3 | (6.5) | (5.1) | |||||
Wards Well Acquisition | - | (143.8) | - | (143.8) | - | |||||
Insurance Proceeds Attributable to Shoal Creek Equipment Losses | 5.3 | 5.6 | - | 10.9 | - | |||||
Proceeds from Disposal of Assets, Net of Receivables
|
0.6 | 13.1 | 1.9 | 16.1 | 13.9 | |||||
Contributions to Joint Ventures
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(176.6) | (170.7) | (202.6) | (550.1) | (573.4) | |||||
Distributions from Joint Ventures
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189.2 | 167.4 | 213.6 | 549.8 | 579.4 | |||||
Other, Net
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0.2 | (0.7) | 0.3 | (0.3) | 1.0 | |||||
Net Cash Used In Investing Activities | (72.8) | (241.6) | (54.6) | (389.6) | (174.6) | |||||
Cash Flows From Financing Activities
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Repayments of Long-Term Debt
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(2.6) | (2.4) | (2.1) | (7.2) | (6.9) | |||||
Payment of Debt Issuance and Other Deferred Financing Costs
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- | (0.3) | - | (11.1) | (0.3) | |||||
Common Stock Repurchases | (100.0) | - | (91.0) | (183.1) | (264.0) | |||||
Repurchase of Employee Common Stock Relinquished for Tax Withholding
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- | (0.7) | - | (4.1) | (13.7) | |||||
Dividends Paid
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(9.4) | (9.4) | (9.9) | (28.5) | (20.7) | |||||
Distributions to Noncontrolling Interests
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(16.3) | - | (36.1) | (34.8) | (58.9) | |||||
Net Cash Used In Financing Activities | (128.3) | (12.8) | (139.1) | (268.8) | (364.5) | |||||
Net Change in Cash, Cash Equivalents and Restricted Cash
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158.8 | (246.6) | (180.3) | (171.7) | 214.0 | |||||
Cash, Cash Equivalents and Restricted Cash at Beginning of Period
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1,319.7 | 1,566.3 | 1,811.9 | 1,650.2 | 1,417.6 | |||||
Cash, Cash Equivalents and Restricted Cash at End of Period
|
$ | 1,478.5 | $ | 1,319.7 | $ | 1,631.6 | $ | 1,478.5 | $ | 1,631.6 |
This information is intended to be reviewed in conjunction with the company's filings with the SEC. |
Reconciliation of Non-GAAP Financial Measures (Unaudited) | ||||||||||
For the Quarters Ended Sept. 30, 2024, Jun. 30, 2024 and Sept. 30, 2023 and the Nine Months Ended Sept. 30, 2024 and 2023 | ||||||||||
(Dollars In Millions) | ||||||||||
Note: Management believes that non-GAAP performance measures are used by investors to measure our operating performance. These measures are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by other companies.
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Quarter Ended | Nine Months Ended | |||||||||
Sept. | Jun. | Sept. | Sept. | Sept. | ||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||
Income from Continuing Operations, Net of Income Taxes | $ | 112.5 | $ | 210.8 | $ | 128.8 | $ | 369.0 | $ | 617.0 |
Depreciation, Depletion and Amortization
|
84.7 | 82.9 | 82.3 | 247.4 | 239.2 | |||||
Asset Retirement Obligation Expenses
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12.9 | 12.9 | 15.4 | 38.7 | 46.3 | |||||
Restructuring Charges
|
1.9 | 0.1 | 0.9 | 2.1 | 3.0 | |||||
Asset Impairment
|
- | - | - | - | 2.0 | |||||
Provision for NARM and Shoal Creek Losses | - | 1.9 | 3.3 | 3.7 | 37.0 | |||||
Shoal Creek Insurance Recovery - Property Damage | - | (28.7) | - | (28.7) | - | |||||
Changes in Amortization of Basis Difference Related to Equity Affiliates | (0.4) | (0.3) | (0.5) | (1.1) | (1.2) | |||||
Interest Expense, Net of Capitalized Interest | 9.7 | 10.7 | 13.8 | 35.1 | 45.5 | |||||
Net Loss on Early Debt Extinguishment | - | - | - | - | 8.8 | |||||
Interest Income
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(17.7) | (16.8) | (20.3) | (53.7) | (56.5) | |||||
Unrealized Gains on Derivative Contracts Related to Forecasted Sales | - | - | - | - | (159.0) | |||||
Unrealized (Gains) Losses on Foreign Currency Option Contracts | (3.7) | (2.4) | 0.5 | (0.4) | (0.1) | |||||
Take-or-Pay Contract-Based Intangible Recognition
|
(0.8) | (0.8) | (0.7) | (2.3) | (1.9) | |||||
Income Tax Provision | 25.7 | 39.4 | 46.5 | 85.2 | 238.7 | |||||
Adjusted EBITDA (1)
|
$ | 224.8 | $ | 309.7 | $ | 270.0 | $ | 695.0 | $ | 1,018.8 |
Operating Costs and Expenses
|
$ | 845.8 | $ | 803.9 | $ | 803.7 | $ | 2,463.9 | $ | 2,512.3 |
Unrealized Gains (Losses) on Foreign Currency Option Contracts | 3.7 | 2.4 | (0.5) | 0.4 | 0.1 | |||||
Take-or-Pay Contract-Based Intangible Recognition
|
0.8 | 0.8 | 0.7 | 2.3 | 1.9 | |||||
Net Periodic Benefit Credit, Excluding Service Cost | (10.1) | (10.2) | (10.0) | (30.4) | (29.4) | |||||
Total Reporting Segment Costs (2)
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$ | 840.2 | $ | 796.9 | $ | 793.9 | $ | 2,436.2 | $ | 2,484.9 |
(1) | Adjusted EBITDA is defined as income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Adjusted EBITDA is used by management as the primary metric to measure each of our segment's operating performance and allocate resources. | |||||||||
(2) | Total Reporting Segment Costs is defined as operating costs and expenses adjusted for the discrete items that management excluded in analyzing each of our segment's operating performance, as displayed in the reconciliation above. Total Reporting Segment Costs is used by management as a component of a metric to measure each of our segment's operating performance. | |||||||||
This information is intended to be reviewed in conjunction with the company's filings with the SEC. |
Supplemental Financial Data (Unaudited) | ||||||||||
For the Quarters Ended Sept. 30, 2024, Jun. 30, 2024 and Sept. 30, 2023 and the Nine Months Ended Sept. 30, 2024 and 2023 | ||||||||||
Quarter Ended | Nine Months Ended | |||||||||
Sept. | Jun. | Sept. | Sept. | Sept. | ||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||
Revenue Summary (In Millions) | ||||||||||
Seaborne Thermal | $ | 313.2 | $ | 307.5 | $ | 297.4 | $ | 904.6 | $ | 1,043.4 |
Seaborne Metallurgical | 242.5 | 294.3 | 247.0 | 783.8 | 907.9 | |||||
Powder River Basin | 305.3 | 221.9 | 313.0 | 781.3 | 878.0 | |||||
Other U.S. Thermal | 216.7 | 202.0 | 228.2 | 610.3 | 677.5 | |||||
Total U.S. Thermal | 522.0 | 423.9 | 541.2 | 1,391.6 | 1,555.5 | |||||
Corporate and Other | 10.3 | 16.3 | (6.7) | 33.6 | 204.9 | |||||
Total | $ | 1,088.0 | $ | 1,042.0 | $ | 1,078.9 | $ | 3,113.6 | $ | 3,711.7 |
Total Reporting Segment Costs Summary (In Millions) (1)
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Seaborne Thermal | $ | 193.2 | $ | 203.1 | $ | 181.9 | $ | 586.4 | $ | 566.4 |
Seaborne Metallurgical | 214.7 | 231.5 | 168.4 | 644.9 | 636.0 | |||||
Powder River Basin | 253.6 | 204.1 | 258.9 | 695.4 | 761.9 | |||||
Other U.S. Thermal | 188.3 | 166.6 | 179.1 | 500.0 | 512.3 | |||||
Total U.S. Thermal | 441.9 | 370.7 | 438.0 | 1,195.4 | 1,274.2 | |||||
Corporate and Other | (9.6) | (8.4) | 5.6 | 9.5 | 8.3 | |||||
Total | $ | 840.2 | $ | 796.9 | $ | 793.9 | $ | 2,436.2 | $ | 2,484.9 |
Other Supplemental Financial Data (In Millions) | ||||||||||
Adjusted EBITDA - Seaborne Thermal | $ | 120.0 | $ | 104.4 | $ | 115.5 | $ | 318.2 | $ | 477.0 |
Adjusted EBITDA - Seaborne Metallurgical, Excluding Shoal Creek Insurance Recovery | 27.8 | 62.8 | 78.6 | 138.9 | 271.9 | |||||
Shoal Creek Insurance Recovery - Business Interruption | - | 80.8 | - | 80.8 | - | |||||
Adjusted EBITDA - Seaborne Metallurgical | 27.8 | 143.6 | 78.6 | 219.7 | 271.9 | |||||
Adjusted EBITDA - Powder River Basin | 51.7 | 17.8 | 54.1 | 85.9 | 116.1 | |||||
Adjusted EBITDA - Other U.S. Thermal | 28.4 | 35.4 | 49.1 | 110.3 | 165.2 | |||||
Adjusted EBITDA - Total U.S. Thermal | 80.1 | 53.2 | 103.2 | 196.2 | 281.3 | |||||
Middlemount | 1.8 | 1.9 | 7.7 | 2.9 | 13.7 | |||||
Resource Management Results (2)
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2.2 | 9.9 | 3.1 | 16.5 | 11.4 | |||||
Selling and Administrative Expenses | (20.6) | (22.1) | (21.5) | (64.7) | (66.0) | |||||
Other Operating Costs, Net (3)
|
13.5 | 18.8 | (16.6) | 6.2 | 29.5 | |||||
Adjusted EBITDA (1)
|
$ | 224.8 | $ | 309.7 | $ | 270.0 | $ | 695.0 | $ | 1,018.8 |
(1) | Total Reporting Segment Costs and Adjusted EBITDA are non-GAAP financial measures. Refer to the "Reconciliation of Non-GAAP Financial Measures" section in this document for definitions and reconciliations to the most comparable measures under U.S. GAAP. | |||||||||
(2) | Includes gains (losses) on certain surplus coal reserve, coal resource and surface land sales and property management costs and revenue. | |||||||||
(3) | Includes trading and brokerage activities, costs associated with post-mining activities, gains (losses) on certain asset disposals, minimum charges on certain transportation-related contracts, results from the Company's equity method investment in R3 Renewables LLC, costs associated with suspended operations including the Centurion Mine, the impact of foreign currency remeasurement, expenses related to the Company's other commercial activities and revenue of $19.2 million related to the Q1 2023 assignment of port and rail capacity. | |||||||||
This information is intended to be reviewed in conjunction with the company's filings with the SEC. |