Peabody Energy (BTU)
Market Price (9/9/2026): $29.53 | Market Cap: $3.6 BilSector: Energy | Industry: Coal & Consumable Fuels
Peabody Energy (BTU)
Market Price (9/9/2026): $29.53Market Cap: $3.6 BilSector: EnergyIndustry: Coal & Consumable Fuels
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Industrial Raw Materials, Global Energy Security, and Energy Transition & Decarbonization. Themes include Metallurgical Coal for Steel Production, Show more. | Weak multi-year price returns2Y Excs Rtn is -2.0%, 3Y Excs Rtn is -28% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -154 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.8% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 16x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.4% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.4% Key risksBTU key risks include [1] execution challenges and prolonged negative free cash flow associated with its strategic pivot to metallurgical coal, Show more. |
| Megatrend and thematic driversMegatrends include Industrial Raw Materials, Global Energy Security, and Energy Transition & Decarbonization. Themes include Metallurgical Coal for Steel Production, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -2.0%, 3Y Excs Rtn is -28% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -154 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.8% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 16x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.4% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.4% |
| Key risksBTU key risks include [1] execution challenges and prolonged negative free cash flow associated with its strategic pivot to metallurgical coal, Show more. |
Qualitative Assessment
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Peabody Energy (BTU) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Management's optimistic outlook for the second half of fiscal year 2026 (H2 2026), particularly regarding the ramp-up of the Centurion Mine to targeted production rates of 1.5 million to 2.0 million tons of sales and projected Powder River Basin (PRB) cost normalization to approximately $12 per ton in fiscal Q3 2026. This forward-looking guidance, despite a wider net loss of $90.6 million reported for fiscal Q2 2026, indicated an expected operational rebound and stronger cash generation.
2. Strategic financial initiatives undertaken in fiscal Q2 2026, which included the issuance of $250 million in 0.5% 2031 convertible notes and the repurchase of $241.2 million of 3.25% 2028 convertible notes, effectively repurchasing 5.0 million shares. Additionally, the company revised U.S. and Australia surety arrangements, reducing reclamation cash collateral requirements by approximately $350 million and increasing its revolving credit facility capacity to $400 million, thereby enhancing financial flexibility.
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Peabody Energy (BTU) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Management's optimistic outlook for the second half of fiscal year 2026 (H2 2026), particularly regarding the ramp-up of the Centurion Mine to targeted production rates of 1.5 million to 2.0 million tons of sales and projected Powder River Basin (PRB) cost normalization to approximately $12 per ton in fiscal Q3 2026. This forward-looking guidance, despite a wider net loss of $90.6 million reported for fiscal Q2 2026, indicated an expected operational rebound and stronger cash generation.
2. Strategic financial initiatives undertaken in fiscal Q2 2026, which included the issuance of $250 million in 0.5% 2031 convertible notes and the repurchase of $241.2 million of 3.25% 2028 convertible notes, effectively repurchasing 5.0 million shares. Additionally, the company revised U.S. and Australia surety arrangements, reducing reclamation cash collateral requirements by approximately $350 million and increasing its revolving credit facility capacity to $400 million, thereby enhancing financial flexibility.
3. A significant rebound in global coal prices and a broader sector-wide rally from late July through early September 2026. After easing in late June, Newcastle thermal coal prices firmed to around $130-$136 per ton by late July 2026, and global coal prices gained 7.1% over four weeks by late August 2026, reaching $139.75 USD/T due to robust demand and supply disruptions. This positive macroeconomic trend in the commodity market contributed to a sector-wide uplift, with Peabody Energy's stock experiencing a 7.3% jump on August 28, 2026.
4. Strong long-term earnings growth expectations from analysts, who project Peabody Energy's earnings per share to increase by 812.12% in the next fiscal year, from $0.33 to $3.01. This positive outlook on future profitability likely provided investor confidence, looking beyond the short-term negative fiscal Q2 2026 results.
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Stock Movement Drivers
Fundamental Drivers
The 9.2% change in BTU stock from 5/31/2026 to 9/8/2026 was primarily driven by a 6.1% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9082026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.97 | 29.45 | 9.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,898 | 4,011 | 2.9% |
| P/S Multiple | 0.8 | 0.9 | 6.1% |
| Shares Outstanding (Mil) | 122 | 122 | 0.0% |
| Cumulative Contribution | 9.2% |
Market Drivers
5/31/2026 to 9/8/2026| Return | Correlation | |
|---|---|---|
| BTU | 9.2% | |
| Market (SPY) | 1.3% | 29.4% |
| Sector (XLE) | 15.1% | 19.4% |
Fundamental Drivers
The -6.0% change in BTU stock from 2/28/2026 to 9/8/2026 was primarily driven by a -9.6% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9082026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.34 | 29.45 | -6.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,862 | 4,011 | 3.9% |
| P/S Multiple | 1.0 | 0.9 | -9.6% |
| Shares Outstanding (Mil) | 122 | 122 | 0.1% |
| Cumulative Contribution | -6.0% |
Market Drivers
2/28/2026 to 9/8/2026| Return | Correlation | |
|---|---|---|
| BTU | -6.0% | |
| Market (SPY) | 12.0% | -1.2% |
| Sector (XLE) | 16.6% | 26.0% |
Fundamental Drivers
The 71.1% change in BTU stock from 8/31/2025 to 9/8/2026 was primarily driven by a 72.7% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9082026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.21 | 29.45 | 71.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,038 | 4,011 | -0.7% |
| P/S Multiple | 0.5 | 0.9 | 72.7% |
| Shares Outstanding (Mil) | 122 | 122 | -0.2% |
| Cumulative Contribution | 71.1% |
Market Drivers
8/31/2025 to 9/8/2026| Return | Correlation | |
|---|---|---|
| BTU | 71.1% | |
| Market (SPY) | 19.8% | 9.1% |
| Sector (XLE) | 46.7% | 22.8% |
Fundamental Drivers
The 42.2% change in BTU stock from 8/31/2023 to 9/8/2026 was primarily driven by a 70.2% change in the company's P/S Multiple.| (LTM values as of) | 8312023 | 9082026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.72 | 29.45 | 42.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,601 | 4,011 | -28.4% |
| P/S Multiple | 0.5 | 0.9 | 70.2% |
| Shares Outstanding (Mil) | 142 | 122 | 16.6% |
| Cumulative Contribution | 42.2% |
Market Drivers
8/31/2023 to 9/8/2026| Return | Correlation | |
|---|---|---|
| BTU | 42.2% | |
| Market (SPY) | 76.1% | 23.0% |
| Sector (XLE) | 59.2% | 35.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BTU Return | 318% | 162% | -7% | -13% | 44% | -2% | 1155% |
| Peers Return | 226% | 107% | 46% | -11% | 36% | 8% | 1184% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| BTU Win Rate | 67% | 58% | 50% | 42% | 58% | 44% | |
| Peers Win Rate | 62% | 52% | 53% | 40% | 52% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| BTU Max Drawdown | -54% | -43% | -39% | -33% | -51% | -47% | |
| Peers Max Drawdown | -34% | -29% | -37% | -46% | -45% | -42% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMR, HCC, METC, SXC, HNRG. See BTU Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/8/2026 (YTD)
How Low Can It Go
| Event | BTU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.2% | -18.8% |
| % Gain to Breakeven | 45.3% | 23.1% |
| Time to Breakeven | 36 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.8% | -6.7% |
| % Gain to Breakeven | 44.6% | 7.1% |
| Time to Breakeven | 238 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.6% | -33.7% |
| % Gain to Breakeven | 199.6% | 50.9% |
| Time to Breakeven | 431 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.4% | -19.2% |
| % Gain to Breakeven | 21.1% | 23.8% |
| Time to Breakeven | 37 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -24.9% | -3.7% |
| % Gain to Breakeven | 33.1% | 3.9% |
| Time to Breakeven | 156 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -93.6% | -6.8% |
| % Gain to Breakeven | 1456.8% | 7.3% |
| Time to Breakeven | 58 days | 15 days |
In The Past
Peabody Energy's stock fell -31.2% during the 2025 US Tariff Shock. Such a loss loss requires a 45.3% gain to breakeven.
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| Event | BTU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.2% | -18.8% |
| % Gain to Breakeven | 45.3% | 23.1% |
| Time to Breakeven | 36 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.8% | -6.7% |
| % Gain to Breakeven | 44.6% | 7.1% |
| Time to Breakeven | 238 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.6% | -33.7% |
| % Gain to Breakeven | 199.6% | 50.9% |
| Time to Breakeven | 431 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -24.9% | -3.7% |
| % Gain to Breakeven | 33.1% | 3.9% |
| Time to Breakeven | 156 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -93.6% | -6.8% |
| % Gain to Breakeven | 1456.8% | 7.3% |
| Time to Breakeven | 58 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -26.8% | -0.2% |
| % Gain to Breakeven | 36.5% | 0.2% |
| Time to Breakeven | 126 days | 1 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -28.5% | -15.4% |
| % Gain to Breakeven | 39.8% | 18.2% |
| Time to Breakeven | 116 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -73.9% | -53.4% |
| % Gain to Breakeven | 283.3% | 114.4% |
| Time to Breakeven | 742 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -20.6% | -8.6% |
| % Gain to Breakeven | 25.9% | 9.5% |
| Time to Breakeven | 67 days | 47 days |
In The Past
Peabody Energy's stock fell -31.2% during the 2025 US Tariff Shock. Such a loss loss requires a 45.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Peabody Energy (BTU)
Peabody Energy Corporation (BTU) is a prominent global coal mining company. Its core business involves the extraction, preparation, and sale of coal. The company's main products include thermal coal, which is primarily sold to electric utilities for power generation, and various types of metallurgical coal—such as hard coking coal, semi-hard coking coal, semi-soft coking coal, and pulverized coal injection coal—essential for steel manufacturing. Beyond mining, Peabody Energy also engages in the direct and brokered trading of coal and freight-related contracts, along with providing transportation services.
The company operates a significant portfolio of 17 coal mining operations located in both the United States and Australia, holding substantial proven and probable coal reserves. Peabody Energy segments its operations geographically and by coal type, including Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining, reflecting its diverse production capabilities and market reach.
Peabody Energy's primary customer base consists of electricity generators, various industrial facilities, and steel manufacturers across the globe. The company serves a broad international market, with a strong presence in countries such as the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, and South Korea, solidifying its position as a key supplier in the international energy and steel production sectors.
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The ExxonMobil of coal.
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- Thermal Coal: Mined, prepared, and sold primarily to electric utilities and industrial facilities for power generation.
- Metallurgical Coal: Mined and sold to steel manufacturers for steel production, including various types like coking coal and pulverized coal injection coal.
- Coal and Freight Trading & Transportation Services: Engages in direct and brokered trading of coal and freight-related contracts, and provides transportation-related services.
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Major Customers of Peabody Energy (BTU)
Peabody Energy (BTU) primarily sells its coal to other companies (business-to-business sales) rather than directly to individuals. The provided background description for Peabody Energy does not list specific names of its major customer companies or their public symbols. Instead, it broadly categorizes its customer base.
Based on the description, Peabody Energy supplies coal primarily to the following types of customers:
- Electricity generators (electric utilities): These companies purchase thermal coal to fuel power plants for electricity production.
- Industrial facilities: This category encompasses a range of industrial operations that utilize coal for various processes.
- Steel manufacturers: These companies purchase metallurgical coal (such as coking coal) for use in steel production.
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Jim Grech, President and Chief Executive Officer
Jim Grech has over thirty years of experience in the coal and natural resources industry. He joined Peabody Energy in June 2021 as President and Chief Executive Officer and is a member of the company's board of directors. Prior to Peabody, Mr. Grech served as Chief Executive Officer of Wolverine Fuels from 2018 to 2021. His career also includes executive leadership roles as President of Nexus Gas Transmission, Chief Commercial Officer and Executive Vice President of Consol Energy, and Vice President at DTE Energy. Mr. Grech is also a board member of America's Power, the National Mining Association, and Blue Danube Incorporated, and a member of the Coal Industry Advisory Board of the International Energy Agency. In January 2026, he was appointed Chair of the National Coal Council.
Mark Spurbeck, Executive Vice President and Chief Financial Officer
Mark Spurbeck joined Peabody Energy in 2018 and was appointed Executive Vice President and Chief Financial Officer in June 2020, having previously served as Senior Vice President & Chief Accounting Officer and Interim Chief Financial Officer. He oversees finance, treasury, tax, internal audit, financial reporting, financial planning, risk and mine finance, corporate accounting, investor relations, corporate communications, information technology, and shared services. Before joining Peabody, Mr. Spurbeck served as Vice President & Chief Accounting Officer of Coeur Mining, Inc. for five years. He also held various finance and accounting roles at Newmont Mining for eight years and at First Data Corporation, and began his career at Deloitte LLP.
Patrick Forkin III, Executive Vice President, Global Strategy and Peabody Development
Patrick Forkin III joined Peabody Energy in 2010 and has held a variety of roles within the company. He is responsible for global strategy and all non-coal mining initiatives, investments, and joint ventures. Mr. Forkin possesses an extensive background in the energy and mining industries, mergers and acquisitions, corporate finance, new technology commercialization, and equity market research. Prior to his tenure at Peabody, he held senior leadership positions at a U.S. solar development company and at investment banking firms that specialized in conventional and renewable energy research.
Malcolm Roberts, Executive Vice President and Chief Commercial Officer
Malcolm Roberts is Executive Vice President and Chief Commercial Officer for Peabody Energy, a role he assumed effective September 1, 2025, after joining the company in 2021 as Executive General Manager – Sales & Marketing. He is responsible for global commercial strategy, including sales, marketing, and corporate development. Mr. Roberts has more than 25 years of experience in the resources and commodities industry, with a focus on the energy and steel sectors. His background includes roles in finance, commercial, trading, and sales and marketing at leading mining and manufacturing organizations such as Rio Tinto, Bridgestone, and Heidelberg Cement.
Darren Yeates, Executive Vice President and Chief Operating Officer
Darren Yeates serves as Executive Vice President and Chief Operating Officer for Peabody Energy, a position he has held since 2020. He oversees the company's global operations, including health, safety and environment, mine operations, technical, procurement, and sales and marketing. Mr. Yeates brings over 40 years of mining industry experience to his role and previously served on Peabody's board of directors. Before joining Peabody, he was the Chief Operating Officer of MACH Energy Australia. His extensive career also includes serving as CEO of GVK Hancock Coal and over 22 years with Rio Tinto, where his positions included Acting Managing Director and Chief Operating Officer for Coal Australia. He is also a former director of Emeco Holdings Limited and Stanmore Coal Limited.
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The key risks to Peabody Energy's business, trading under the symbol BTU, are primarily driven by the global energy transition, market volatility inherent in commodity industries, and the complex operational and regulatory environment of coal mining.
- Declining Demand for Thermal Coal and Energy Transition: Peabody Energy faces a significant long-term threat from the global shift away from fossil fuels, particularly thermal coal, due to the increasing adoption of alternative energy sources like renewables and natural gas. This trend is driven by climate change policies, environmental regulations, and economic competitiveness, leading to the retirement of coal-fired power plants and reduced thermal coal consumption globally, even in major markets like China and India, despite overall energy demand growth. This directly impacts a substantial portion of Peabody's revenue streams.
- Volatility in Coal Prices: The company's profitability is highly sensitive to fluctuations in global coal prices, which are influenced by various factors beyond its control. These factors include global economic conditions, supply and demand dynamics, and geopolitical events. Weakening demand and steady supply are projected to contribute to coal price declines, impacting Peabody's revenue, cash flow, and overall financial performance.
- Operational, Geological, and Regulatory Burdens: As a coal mining company, Peabody Energy is exposed to inherent operational risks such as geological complexities, equipment failures, mine accidents, and supply chain disruptions, which can lead to increased costs and production outages. Furthermore, the industry is subject to extensive and evolving environmental, health, and safety regulations across its operating regions, increasing compliance costs and potentially limiting production. Concerns around methane emissions from coal mining also pose a significant climate risk and potential for further regulatory scrutiny.
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The accelerated global transition to renewable energy sources, such as solar and wind, for electricity generation poses a clear emerging threat. This shift is driven by declining renewable energy costs, technological advancements in energy storage, and increasing governmental and societal pressure to decarbonize power grids, directly undermining the long-term market for Peabody's thermal coal.
The emerging decarbonization of the steel industry, through processes like green hydrogen-based direct reduced iron (DRI) and increased adoption of electric arc furnaces (EAFs) utilizing scrap steel, presents a significant threat to Peabody's metallurgical coal business. These technological advancements aim to reduce or eliminate the need for coking coal in steel production, impacting a core segment of the company's operations.
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Peabody Energy (BTU) is anticipated to experience future revenue growth over the next 2-3 years driven by several key factors:
- Increased Production and Higher Price Realizations from Centurion Metallurgical Coal Mine: The Centurion mine in Australia is expected to be a significant driver of revenue growth. It is ahead of schedule in its longwall production, poised to substantially boost the output of premium hard coking coal. Shipments from Centurion are projected to expand sevenfold in 2026 to 3.5 million tons and further increase beyond that, averaging 4.7 million tons annually over a mine life exceeding 25 years. This increased volume, coupled with an anticipated 10% rise in segment-wide price realizations versus the premium hard coking coal index, positions Centurion as a cornerstone asset for enhanced metallurgical coal revenue.
- Sustained Demand and Strategic Contracts for Thermal Coal: Analysts and company statements indicate continued strong cash-flowing thermal operations and supportive market conditions for thermal coal. Peabody Energy has secured forward thermal revenues through strategic agreements, including a major utility contract exceeding $1 billion, validating ongoing U.S. coal demand.
- Diversification into Rare Earth Elements: Peabody Energy's management has highlighted new revenue avenues through the development of rare earth elements, including a pilot plant initiative. This diversification effort could provide an additional source of revenue growth in the medium to long term.
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Share Repurchases
- Peabody Energy authorized a share repurchase program in April 2023 for up to $1.0 billion.
- By the end of 2025, Peabody repurchased 23.8 million shares for $530.8 million, with $469.6 million remaining available for future repurchases.
- The company returned $221 million to shareholders in share repurchases and dividends in 2024.
Share Issuance
- The number of shares outstanding decreased from 128,363,495 as of February 16, 2024, to 121,567,621 as of February 14, 2025, reflecting net share repurchases.
Outbound Investments
- In 2024, Peabody acquired the Centurion North coal reserves for $143.8 million.
- Peabody agreed to purchase four premium hard coking coal operations in Australia's Bowen Basin in 2024, a deal expected to transform the company into a predominantly steelmaking-coal supplier.
- In 2022, Peabody partnered in a joint venture aiming to develop reclaimed mining land for utility-scale photovoltaic solar generation and battery storage.
Capital Expenditures
- Capital expenditures for fiscal years 2021 to 2025 averaged $313.1 million, with annual figures of $183.1 million (2021), $221.5 million (2022), $348.3 million (2023), $401.3 million (2024), and $411.4 million (2025).
- Peabody projects total capital expenditures for 2026 at approximately $340 million, a $70 million decrease from 2025, with a focus on enhancing production capabilities and exploring new growth opportunities.
- A significant portion of capital expenditures was directed towards the Centurion Mine expansion, representing a $750 million investment, with $226.8 million invested in its development in 2024.
Peer Outperformance in Coal & Consumable Fuels
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 11 | 119.0% | 115.7% | 444.7% | PBF 809% · MPC 677% · VLO 603% |
| Integrated Oil & Gas | 7 | 51.9% | 53.4% | 253.9% | IMO 451% · SU 354% · CVE 350% |
| Oil & Gas Storage & Transportation | 18 | 37.6% | 125.9% | 226.5% | INSW 846% · LPG 802% · TRGP 644% |
| Oil & Gas Equipment & Services | 34 | 57.6% | 26.3% | 134.4% | FTI 1163% · SEI 964% · TDW 732% |
| Oil & Gas Exploration & Production | 51 | 34.8% | 7.1% | 117.8% | KGEI 8660% · OBE 7244% · EP 2483% |
| Coal & Consumable Fuels ← | 14 | 27.6% | 66.6% | 110.4% | EU 1144% · LEU 498% · CCJ 350% |
| Oil & Gas Drilling | 7 | 66.8% | 3.8% | 96.6% | VAL 173% · PDS 171% · NE 101% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Peabody Energy Earnings Notes | 12/28/2026 | |
| With Peabody Energy Stock Surging, Have You Considered The Downside? | 10/17/2025 | |
| Peabody Energy (BTU) Operating Cash Flow Comparison | 08/08/2025 | |
| Peabody Energy (BTU) Debt Comparison | 08/08/2025 | |
| Peabody Energy (BTU) EBITDA Comparison | 08/08/2025 | |
| Peabody Energy (BTU) Net Income Comparison | 08/08/2025 | |
| Peabody Energy (BTU) Operating Income Comparison | 08/08/2025 | |
| Peabody Energy (BTU) Revenue Comparison | 08/08/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 23.17 |
| Mkt Cap | 1.9 |
| Rev LTM | 1,789 |
| Op Inc LTM | -15 |
| FCF LTM | -26 |
| FCF 3Y Avg | 1 |
| CFO LTM | 125 |
| CFO 3Y Avg | 262 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.1% |
| Rev Chg 3Y Avg | -5.1% |
| Rev Chg Q | 4.1% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Inc Chg LTM | -84.7% |
| Op Inc Chg 3Y Avg | -55.3% |
| Op Mgn LTM | -0.0% |
| Op Mgn 3Y Avg | 4.4% |
| QoQ Delta Op Mgn LTM | -0.9% |
| CFO/Rev LTM | 6.0% |
| CFO/Rev 3Y Avg | 11.0% |
| FCF/Rev LTM | -2.3% |
| FCF/Rev 3Y Avg | -1.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.9 |
| P/S | 1.5 |
| P/Op Inc | 5.6 |
| P/EBIT | -14.3 |
| P/E | -17.8 |
| P/CFO | 17.5 |
| Total Yield | -1.6% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 1.1% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 18.6% |
| 3M Rtn | 10.3% |
| 6M Rtn | 7.4% |
| 12M Rtn | 50.1% |
| 3Y Rtn | 44.3% |
| 1M Excs Rtn | 19.7% |
| 3M Excs Rtn | 2.2% |
| 6M Excs Rtn | -4.2% |
| 12M Excs Rtn | 27.1% |
| 3Y Excs Rtn | -20.5% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Powder River Basin | 1,153 | 1,099 | 1,198 | 1,066 | 971 |
| Seaborne Metallurgical | 1,037 | 1,056 | 1,302 | 1,617 | 728 |
| Seaborne Thermal | 908 | 1,214 | 1,330 | 1,346 | 934 |
| Other U.S. Thermal | 707 | 823 | 888 | 952 | 689 |
| Corporate and Other | 56 | 46 | 229 | 2 | -4 |
| Total | 3,861 | 4,237 | 4,947 | 4,982 | 3,318 |
| $ Mil | 2015 | 2014 | 2013 | 2002 |
|---|---|---|---|---|
| Powder River Basin | 483 | |||
| Midwestern U.S. Mining | 270 | 301 | 426 | |
| Australian Thermal Mining | 194 | |||
| Western U.S. Mining | 185 | 770 | 693 | |
| Trading and Brokerage | 27 | 15 | -20 | |
| Australian Metallurgical Mining | -18 | |||
| Corporate and Other | -705 | -1,296 | -1,741 | |
| Adjustment | -1,899 | |||
| Australian Mining | 74 | 317 | ||
| Australian Operations | 3 | |||
| Corporate & other | -87 | |||
| Trading & Brokerage | 37 | |||
| U.S. Mining | 222 | |||
| Total | -1,465 | -135 | -325 | 174 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Seaborne | 2,543 | 2,465 | 2,088 | 1,633 | 1,670 |
| Corporate and Other | 1,962 | 2,142 | 2,501 | 2,619 | 1,962 |
| Other U.S. Thermal | 1,302 | 1,347 | 1,373 | 1,359 | 1,318 |
| Total | 5,807 | 5,954 | 5,962 | 5,611 | 4,950 |
Price Behavior
| Market Price | $29.45 | |
| Market Cap ($ Bil) | 3.6 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -25.0% | |
| 50 Days | 200 Days | |
| DMA Price | $24.63 | $28.82 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 19.6% | 2.2% |
| 3M | 1YR | |
| Volatility | 49.0% | 58.4% |
| Downside Capture | 31.99 | 34.45 |
| Upside Capture | 65.54 | 83.61 |
| Correlation (SPY) | 18.9% | 9.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.02 | 1.74 | 1.39 | 0.02 | 0.49 | 0.78 |
| Up Beta | 0.53 | 1.44 | -0.74 | -2.04 | -1.06 | 0.59 |
| Down Beta | 5.95 | 6.00 | 3.48 | 1.73 | 1.63 | 1.33 |
| Up Capture | 328% | 194% | 162% | 15% | 84% | 30% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 15 | 27 | 37 | 67 | 131 | 366 |
| Down Capture | -408% | -62% | 113% | 43% | 40% | 82% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 6 | 15 | 27 | 60 | 120 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BTU | |
|---|---|---|---|---|
| BTU | 55.9% | 58.4% | 0.98 | - |
| Sector ETF (XLE) | 52.1% | 21.6% | 1.84 | 25.2% |
| Equity (SPY) | 19.4% | 12.8% | 1.11 | 9.5% |
| Gold (GLD) | 20.8% | 29.2% | 0.65 | 17.5% |
| Commodities (DBC) | 45.0% | 20.4% | 1.72 | 27.3% |
| Real Estate (VNQ) | 7.8% | 13.6% | 0.30 | -11.5% |
| Bitcoin (BTCUSD) | -28.1% | 43.9% | -0.63 | 18.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BTU | |
|---|---|---|---|---|
| BTU | 14.4% | 62.4% | 0.47 | - |
| Sector ETF (XLE) | 25.9% | 25.7% | 0.88 | 42.0% |
| Equity (SPY) | 12.6% | 17.2% | 0.56 | 21.8% |
| Gold (GLD) | 18.8% | 18.8% | 0.81 | 18.0% |
| Commodities (DBC) | 10.6% | 19.5% | 0.42 | 36.9% |
| Real Estate (VNQ) | 1.5% | 18.9% | -0.03 | 14.3% |
| Bitcoin (BTCUSD) | 11.1% | 52.6% | 0.39 | 13.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BTU | |
|---|---|---|---|---|
| BTU | 1.0% | 77.2% | 0.35 | - |
| Sector ETF (XLE) | 10.8% | 29.6% | 0.40 | 39.5% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 25.5% |
| Gold (GLD) | 12.2% | 16.3% | 0.61 | 10.5% |
| Commodities (DBC) | 7.9% | 18.1% | 0.36 | 29.7% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 18.0% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 9.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/31/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -10.4% | -3.8% | 17.9% |
| 5/5/2026 | -5.7% | -7.0% | 13.9% |
| 2/5/2026 | -2.2% | 5.0% | -8.0% |
| 10/30/2025 | -4.2% | 7.6% | -0.7% |
| 7/31/2025 | 4.7% | 7.0% | 9.7% |
| 5/6/2025 | 9.5% | 8.0% | -0.5% |
| 2/6/2025 | -9.1% | -6.6% | -30.3% |
| 10/31/2024 | 6.4% | 20.7% | -3.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 12 |
| # Negative | 14 | 15 | 13 |
| Median Positive | 4.7% | 7.8% | 20.1% |
| Median Negative | -7.6% | -6.6% | -7.6% |
| Max Positive | 13.3% | 20.7% | 69.4% |
| Max Negative | -14.9% | -16.6% | -30.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -10.4% | -3.8% | 17.9% |
| 5/5/2026 | -5.7% | -7.0% | 13.9% |
| 2/5/2026 | -2.2% | 5.0% | -8.0% |
| 10/30/2025 | -4.2% | 7.6% | -0.7% |
| 7/31/2025 | 4.7% | 7.0% | 9.7% |
| 5/6/2025 | 9.5% | 8.0% | -0.5% |
| 2/6/2025 | -9.1% | -6.6% | -30.3% |
| 10/31/2024 | 6.4% | 20.7% | -3.1% |
| 8/1/2024 | 1.8% | -1.8% | 5.8% |
| 5/2/2024 | 0.5% | 2.2% | 16.0% |
| 2/8/2024 | 0.2% | -4.0% | 5.1% |
| 10/26/2023 | -3.7% | -5.4% | -2.5% |
| 7/27/2023 | -3.3% | -3.1% | -3.9% |
| 4/27/2023 | 1.8% | -3.6% | -17.2% |
| 2/14/2023 | 13.3% | -1.9% | -13.6% |
| 11/3/2022 | 2.7% | 13.7% | 36.0% |
| 7/28/2022 | -3.1% | -15.0% | 22.3% |
| 4/28/2022 | -7.5% | -14.5% | -2.7% |
| 2/10/2022 | 9.9% | 20.3% | 69.4% |
| 10/28/2021 | -7.9% | -7.3% | -19.5% |
| 7/29/2021 | 9.1% | 2.2% | 30.6% |
| 4/29/2021 | -9.3% | 10.5% | 51.0% |
| 2/4/2021 | -14.9% | -16.6% | -7.6% |
| 11/9/2020 | -7.7% | -10.3% | 42.7% |
| 8/5/2020 | -7.9% | -11.4% | -17.5% |
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 12 |
| # Negative | 14 | 15 | 13 |
| Median Positive | 4.7% | 7.8% | 20.1% |
| Median Negative | -7.6% | -6.6% | -7.6% |
| Max Positive | 13.3% | 20.7% | 69.4% |
| Max Negative | -14.9% | -16.6% | -30.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/18/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/23/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/21/2020 | 10-K |
| 09/30/2019 | 11/05/2019 | 10-Q |
Recent Forward Guidance
Updated 7/30/2026Latest: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Seaborne Thermal Volume | Reported | 3.00 Mil | 0 | Affirmed | Guidance: 3.00 Mil for Q2 2026 | |||
| Q3 2026 Seaborne Thermal Costs per Ton | Reported | 52 | 54.5 | 57 | -8.4% | Lowered | Guidance: 59.5 for Q2 2026 | |
| Q3 2026 Seaborne Metallurgical Volume | Reported | 1.90 Mil | 2.00 Mil | 2.10 Mil | -13.0% | Lowered | Guidance: 2.30 Mil for Q2 2026 | |
| Q3 2026 Seaborne Metallurgical Costs per Ton | Reported | 130 | 135 | 140 | -8.5% | Lowered | Guidance: 148 for Q2 2026 | |
| Q3 2026 PRB Volume | Reported | 22.00 Mil | 15.8% | Raised | Guidance: 19.00 Mil for Q2 2026 | |||
| Q3 2026 PRB Costs per Ton | Reported | 11.8 | 12 | 12.2 | -9.4% | Lowered | Guidance: 13.2 for Q2 2026 | |
| Q3 2026 Other U.S. Thermal Volume | Reported | 3.70 Mil | 8.8% | Raised | Guidance: 3.40 Mil for Q2 2026 | |||
| Q3 2026 Other U.S. Thermal Costs per Ton | Reported | 45 | 47 | 49 | 0 | Affirmed | Guidance: 47 for Q2 2026 | |
| 2026 Seaborne Thermal Total Volume | Reported | 12.40 Mil | 12.70 Mil | 13.00 Mil | 1.6% | Raised | Guidance: 12.50 Mil for 2026 | |
| 2026 Seaborne Metallurgical Costs per Ton | Reported | 130 | 138 | 145 | ||||
| 2026 SG&A | Reported | 115.00 Mil | 0 | Affirmed | Guidance: 115.00 Mil for 2026 | |||
| 2026 Capital Expenditures | Reported | 340.00 Mil | 0 | Affirmed | Guidance: 340.00 Mil for 2026 | |||
Prior: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Seaborne Thermal Volume | Reported | 3.00 Mil | 7.1% | Higher New | Guidance: 2.80 Mil for Q1 2026 | |||
| Q2 2026 Seaborne Thermal Costs per Ton | Reported | 57 | 59.5 | 62 | ||||
| Q2 2026 Seaborne Metallurgical Volume | Reported | 2.30 Mil | -4.2% | Lower New | Guidance: 2.40 Mil for Q1 2026 | |||
| Q2 2026 Seaborne Metallurgical Costs per Ton | Reported | 145 | 148 | 150 | ||||
| Q2 2026 PRB U.S. Thermal Volume | Reported | 19.00 Mil | -9.5% | Lower New | Guidance: 21.00 Mil for Q1 2026 | |||
| Q2 2026 PRB U.S. Thermal Costs per Ton | Reported | 13 | 13.2 | 13.5 | ||||
| Q2 2026 Other U.S. Thermal Volume | Reported | 3.40 Mil | 3.0% | Higher New | Guidance: 3.30 Mil for Q1 2026 | |||
| Q2 2026 Other U.S. Thermal Costs per Ton | Reported | 45 | 47 | 49 | ||||
| 2026 Centurion Volume | Reported | 2.50 Mil | -28.6% | Lowered | Guidance: 3.50 Mil for 2026 | |||
| 2026 Seaborne Thermal Total Volume | Reported | 12.00 Mil | 12.50 Mil | 13.00 Mil | ||||
| 2026 Seaborne Metallurgical Total Volume | Reported | 9.30 Mil | 9.80 Mil | 10.30 Mil | ||||
| 2026 PRB U.S. Thermal Total Volume | Reported | 82.00 Mil | 85.00 Mil | 88.00 Mil | ||||
| 2026 Other U.S. Thermal Total Volume | Reported | 13.20 Mil | 13.70 Mil | 14.20 Mil | ||||
| 2026 SG&A | Reported | 115.00 Mil | 0.0% | Affirmed | Guidance: 115.00 Mil for 2026 | |||
| 2026 Capital Expenditures | Reported | 340.00 Mil | 0.0% | Affirmed | Guidance: 340.00 Mil for 2026 | |||
Q4 2025 Earnings Reported 2/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Seaborne Thermal Volume | Reported | 2.80 Mil | -12.5% | Lower New | Actual: 3.20 Mil for Q4 2025 | |||
| Q1 2026 Seaborne Metallurgical Volume | Reported | 2.40 Mil | 0 | Same New | Actual: 2.40 Mil for Q4 2025 | |||
| Q1 2026 PRB Volume | Reported | 21.00 Mil | -8.7% | Lower New | Actual: 23.00 Mil for Q4 2025 | |||
| Q1 2026 Other U.S. Thermal Volume | Reported | 3.30 Mil | -8.3% | Lower New | Actual: 3.60 Mil for Q4 2025 | |||
| 2026 ARO Cash Spend | Reported | 65.00 Mil | ||||||
| 2026 SG&A | Reported | 115.00 Mil | ||||||
| 2026 Total Capital Expenditures | Reported | 340.00 Mil | -19.0% | Lower New | Actual: 420.00 Mil for 2025 | |||
Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Seaborne Thermal Volume | Reported | 3.20 Mil | -17.9% | Lower New | Actual: 3.90 Mil for Q3 2025 | |||
| Q4 2025 Seaborne Thermal Costs per Ton | Reported | 45 | 46.5 | 48 | ||||
| Q4 2025 Seaborne Metallurgical Volume | Reported | 2.40 Mil | 9.1% | Higher New | Actual: 2.20 Mil for Q3 2025 | |||
| Q4 2025 Seaborne Metallurgical Costs per Ton | Reported | 110 | 112 | 115 | ||||
| Q4 2025 PRB Volume | Reported | 23.00 Mil | 0.0% | Same New | Actual: 23.00 Mil for Q3 2025 | |||
| Q4 2025 PRB Costs per Ton | Reported | 11 | 11.2 | 11.5 | ||||
| Q4 2025 Other U.S. Thermal Volume | Reported | 3.60 Mil | -2.7% | Lower New | Actual: 3.70 Mil for Q3 2025 | |||
| Q4 2025 Other U.S. Thermal Costs per Ton | Reported | 43 | 45 | 47 | ||||
| 2025 Total Capital Expenditures | Reported | 420.00 Mil | ||||||
Insider Activity
Updated 6/10/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Jarboe, Scott T | CAO and Corporate Secretary | Direct | Sell | 6022026 | 28.02 | 2,925 | 81,958 | 2,389,966 | Form |
| 2 | Bertone, Andrea E | Direct | Sell | 5112026 | 24.43 | 4,584 | 111,987 | 1,016,606 | Form | |
| 3 | Spurbeck, Mark | EVP and CFO | Direct | Sell | 3062026 | 35.58 | 30,000 | 1,067,400 | 2,433,459 | Form |
| 4 | Yeates, Darren Ronald | EVP & COO | Direct | Sell | 2122026 | 36.40 | 13,892 | 505,669 | 4,129,216 | Form |
| 5 | Jarboe, Scott T | CAO and Corporate Secretary | Direct | Sell | 1162026 | 34.26 | 2,151 | 73,693 | 2,819,804 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Jarboe, Scott T | CAO and Corporate Secretary | Direct | Sell | 6022026 | 28.02 | 2,925 | 81,958 | 2,389,966 | Form |
| 2 | Bertone, Andrea E | Direct | Sell | 5112026 | 24.43 | 4,584 | 111,987 | 1,016,606 | Form | |
| 3 | Spurbeck, Mark | EVP and CFO | Direct | Sell | 3062026 | 35.58 | 30,000 | 1,067,400 | 2,433,459 | Form |
| 4 | Yeates, Darren Ronald | EVP & COO | Direct | Sell | 2122026 | 36.40 | 13,892 | 505,669 | 4,129,216 | Form |
| 5 | Jarboe, Scott T | CAO and Corporate Secretary | Direct | Sell | 1162026 | 34.26 | 2,151 | 73,693 | 2,819,804 | Form |
Investor Activity (13F)
Updated Sep 9, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Alta Fundamental Advisers LLC | $16.5 Mil | 6.5% | 21 | TRIM -7.8% | 13F |
| Forest Avenue Capital Management LP | $54.2 Mil | 3.4% | 25 | ADD +40.2% | 13F |
| Thomist Capital Management, LP | $7.6 Mil | 2.6% | 43 | New | 13F |
| Gate City Capital Management, LLC | $5.6 Mil | 2.2% | 16 | TRIM -72.0% | 13F |
| Sourcerock Group LLC | $46.8 Mil | 2.0% | 39 | TRIM -26.7% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Forest Avenue Capital Management LP | $54.2 Mil | 3.4% | 25 | ADD +40.2% | 13F |
| Sourcerock Group LLC | $46.8 Mil | 2.0% | 39 | TRIM -26.7% | 13F |
| Alta Fundamental Advisers LLC | $16.5 Mil | 6.5% | 21 | TRIM -7.8% | 13F |
| Thomist Capital Management, LP | $7.6 Mil | 2.6% | 43 | New | 13F |
| Gate City Capital Management, LLC | $5.6 Mil | 2.2% | 16 | TRIM -72.0% | 13F |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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