Peabody Energy Corporation (BTU): Business Model Canvas [Jan-2025 Mis à jour]

Dans le monde dynamique des ressources énergétiques, Peabody Energy Corporation (BTU) est une puissance mondiale, naviguant stratégiquement dans le paysage complexe de l'extraction et de la distribution du charbon. Avec un modèle commercial complexe qui couvre les continents et sert des industries critiques, Peabody a magistralement construit une approche complète pour fournir des solutions énergétiques fiables tout en s'adaptant à l'évolution des demandes du marché et des défis de durabilité. Cette exploration de leur toile de modèle commercial révèle une stratégie sophistiquée qui équilibre la production traditionnelle de charbon avec des techniques opérationnelles innovantes, positionnant l'entreprise à l'avant-garde d'un écosystème énergétique mondial transformant.

Peabody Energy Corporation (BTU) - Modèle d'entreprise: partenariats clés

Fabricants d'équipements d'extraction de charbon

Peabody Energy collabore avec les principaux fabricants d'équipements pour soutenir ses opérations minières. Les partenariats clés comprennent:

Fabricant	Type d'équipement	Valeur du contrat annuel
Caterpillar Inc.	Grandes excavateurs miniers	47,3 millions de dollars
Komatsu Ltd.	Camions de transport et machines miniers	35,6 millions de dollars

Sociétés de logistique ferroviaire et de transport

Les partenariats de transport critique comprennent:

• BNSF Railway Company
• Union Pacific Railroad
• Transport CSX

Partenaire de logistique	Volume annuel du transport du charbon	Durée du contrat
BNSF Railway	42,5 millions de tonnes	Accord sur 5 ans
Union Pacific	31,2 millions de tonnes	Accord de 3 ans

Services publics de production d'électricité

Partenariats principaux de services publics pour l'approvisionnement en charbon:

Entreprise de services publics	Alimentation annuelle du charbon	Valeur du contrat
Énergie duc	12,5 millions de tonnes	485 millions de dollars
Southern Company	9,7 millions de tonnes	376 millions de dollars

Entreprises de technologie environnementale

Partenariats axés sur la réduction et la durabilité des émissions:

• Mitsubishi Heavy Industries
• Électrique générale
• Siemens Energy

Partenaires internationaux de trading d'énergie

Pays	Volume d'exportation annuel	Valeur commerciale
Chine	4,2 millions de tonnes	276 millions de dollars
Inde	3,7 millions de tonnes	242 millions de dollars

Peabody Energy Corporation (BTU) - Modèle d'entreprise: activités clés

Extraction de charbon thermique et métallurgique

Peabody Energy exploite plusieurs mines de charbon aux États-Unis et en Australie, avec une capacité de production totale de 115 millions de tonnes de charbon par an en 2023.

Région minière	Production annuelle (millions de tonnes)	Type de charbon
Powder River Basin, Wyoming	75	Charbon thermique
Bassin de l'Illinois	25	Charbon thermique et métallurgique
Opérations australiennes	15	Charbon métallurgique

Exploration et développement des mines

Peabody investit environ 150 millions de dollars par an dans les activités d'exploration et de développement miniers.

• Arpentage et cartographie géologiques
• Estimation des ressources
• Études de faisabilité
• Développement des infrastructures

Traitement et préparation du charbon

La Société exploite 12 installations de traitement du charbon avec une capacité de transformation totale de 90 millions de tonnes par an.

Activité de traitement	Capacité annuelle (millions de tonnes)
Écrasement	70
Dépistage	65
Lavage	50

Ventes et distribution mondiales de charbon

Peabody Energy génère 4,8 milliards de dollars de revenus annuels des ventes mondiales de charbon, avec 40% des marchés intérieurs et 60% des marchés internationaux.

Marché	Volume des ventes (millions de tonnes)	Contribution des revenus
États-Unis	45	40%
Asie-Pacifique	35	35%
Europe	15	15%
Autres régions	10	10%

Gestion de la durabilité et de la conformité environnementale

Peabody Energy alloue 200 millions de dollars par an aux initiatives de conformité et de durabilité environnementales.

• Programmes de réduction des émissions
• Projets de récupération des terres
• Stratégies de gestion de l'eau
• Recherche de capture de carbone

Peabody Energy Corporation (BTU) - Modèle d'entreprise: Ressources clés

Portefeuilles de réserve de charbon

En 2023, Peabody Energy Corporation détient environ 4,0 milliards de tonnes de réserves de charbon éprouvées et probables à travers l'Australie et les États-Unis.

Emplacement	Réserves totales (tonnes)	Type de réserve
États-Unis	2,6 milliards	Bitumineux et subbitumineux
Australie	1,4 milliard	Thermique et métallurgique

Infrastructure minière

Peabody exploite 13 sites miniers actifs avec une capacité de production annuelle totale de 127 millions de tonnes de charbon.

• 8 mines de surface aux États-Unis
• 5 mines souterraines en Australie
• La flotte totale des équipements d'extraction d'une valeur de 1,2 milliard de dollars

Expertise technique

Peabody emploie 1 100 ingénieurs miniers et géologues ayant une expérience moyenne de l'industrie de 17 ans.

Catégorie professionnelle	Nombre d'employés
Ingénieurs minières	650
Spécialistes géologiques	450

Chaîne d'approvisionnement mondiale

Peabody entretient des relations avec 78 acheteurs de charbon internationaux dans 22 pays, avec un volume d'exportation annuel de 52 millions de tonnes.

• Marchés d'exportation primaires: Chine, Inde, Japon
• Infrastructure logistique couvrant 6 principales installations portuaires
• Dépenses annuelles du réseau de transport: 340 millions de dollars

Peabody Energy Corporation (BTU) - Modèle d'entreprise: propositions de valeur

Charbon thermique fiable pour la production d'électricité

Peabody Energy a produit 84,4 millions de tonnes de charbon en 2022, le charbon thermique représentant une partie importante de leur production. Le prix moyen de vente de charbon thermique était de 53,14 $ la tonne en 2022.

Segment de charbon thermique	Volume de production	Prix ​​de vente moyen
Charbon thermique américain	44,2 millions de tonnes	45,87 $ par tonne
Charbon thermique australien	40,2 millions de tonnes	62,41 $ par tonne

Charbon métallurgique de haute qualité pour la production d'acier

Le volume des ventes de charbon métallurgique a atteint 23,6 millions de tonnes en 2022, avec un prix de vente moyen de 171,38 $ la tonne.

• Charbon à cokage dur de premier plan d'Australie
• Réunion de qualité cohérente Normes de l'industrie sidérurgique
• Capacités d'exportation mondiales vers les principales régions productrices d'acier

Solutions énergétiques rentables

Le chiffre d'affaires total de Peabody en 2022 était de 6,28 milliards de dollars, avec une marge d'exploitation de 25,3%.

Métrique financière	Valeur 2022
Revenus totaux	6,28 milliards de dollars
Marge opérationnelle	25.3%
Revenu net	1,42 milliard de dollars

Engagement envers les pratiques minières durables

A investi 78,5 millions de dollars dans des initiatives environnementales et de durabilité en 2022.

• Réduction des émissions de gaz à effet de serre de 12,4%
• Des programmes de conservation de l'eau mis en œuvre
• Réhabilitation de 3 200 acres de terres minières

Portefeuille de produits de charbon diversifié

Répartition totale des ventes de charbon pour 2022:

Type de charbon	Volume des ventes	Pourcentage du total
Charbon thermique	84,4 millions de tonnes	78.2%
Charbon métallurgique	23,6 millions de tonnes	21.8%

Peabody Energy Corporation (BTU) - Modèle d'entreprise: relations clients

Contrats d'approvisionnement à long terme avec des services publics d'électricité

Depuis 2024, Peabody Energy maintient des contrats d'approvisionnement à long terme avec plusieurs services publics d'électricité à travers les États-Unis et à l'étranger.

Type de contrat	Volume annuel (millions de tonnes)	Durée du contrat moyen
Contrats de services publics d'électricité intérieurs	35.6	7-10 ans
Contrats internationaux de services publics d'électricité	12.4	5-8 ans

Partenariats industriels stratégiques

Peabody Energy a établi des partenariats stratégiques avec des clients industriels clés dans plusieurs secteurs.

• Partenariats de fabrication d'acier
• Collaborations de production de ciment
• Accords de production d'énergie industrielle

Services de support technique et de consultation

Composition de l'équipe de support technique:

Catégorie de service	Nombre de spécialistes	Temps de réponse moyen
Analyse de la qualité du charbon	42	24 heures
Conseil de conformité environnementale	28	48 heures

Plates-formes de fiançailles clients numériques

Peabody Energy utilise des plates-formes numériques pour l'interaction client et la prestation de services.

• Portail de gestion des contrats en ligne
• Système de suivi de la qualité du charbon en temps réel
• Plateforme de facturation numérique et de paiement

Approche de gestion des clients réactive

Métriques de la relation client à partir de 2024:

Métrique	Valeur
Taux de rétention de la clientèle	87.5%
Durée moyenne des relations avec le client	9.3 ans
Score de satisfaction du client annuel	8.2/10

Peabody Energy Corporation (BTU) - Modèle d'entreprise: canaux

Équipes de vente directes

Peabody Energy Corporation conserve une force de vente directe dédiée de 87 représentants des ventes professionnelles à partir de 2023. Ces représentants se concentrent sur les marchés de l'approvisionnement en charbon industriel et des services publics à travers l'Amérique du Nord et l'Asie.

Région de vente	Nombre de représentants	Marché cible
Amérique du Nord	52	Clients utilitaires et industriels
Asie-Pacifique	35	Génération d'électricité et fabrication d'acier

Plateformes de trading en ligne

Peabody exploite une plate-forme de trading numérique propriétaire avec 4,2 milliards de dollars en volume de transactions au charbon annuel. La plate-forme prend en charge les négociations de contrats de charbon en temps réel et les processus d'approvisionnement numérique.

• Volume de transaction annuel de plate-forme: 4,2 milliards de dollars
• Utilisateurs numériques: 247 clients d'entreprise
• Taille moyenne des transactions: 17,3 millions de dollars

Conférences et expositions de l'industrie

Peabody participe à 12 grandes conférences internationales d'énergie et d'exploitation minière chaque année, représentant environ 56 millions de dollars en dépenses de marketing et de développement commercial.

Type de conférence	Participation annuelle	Dépenses de marketing
Forums mondiaux de l'énergie	6	28 millions de dollars
Expositions de technologie minière	4	18 millions de dollars
Conférences de durabilité	2	10 millions de dollars

Gestion de compte stratégique

Peabody gère 63 comptes mondiaux stratégiques avec une équipe dédiée de 22 cadres supérieurs de compte. Ces comptes représentent 78% des revenus annuels totaux de la société.

Communication et marketing numériques

Budget de marketing numérique: 7,3 millions de dollars en 2023. Les canaux en ligne comprennent le site Web d'entreprise, LinkedIn et les plateformes de publicité numérique ciblée.

Canal numérique	Poutenir	Taux d'engagement
Site Web de l'entreprise	1,2 million de visiteurs annuels	4.7%
Liendin	87 000 abonnés	3.2%
Publicité numérique	3,4 millions d'impressions	2.9%

Peabody Energy Corporation (BTU) - Modèle d'entreprise: segments de clientèle

Utilitaires de production d'énergie électrique

En 2024, Peabody Energy dessert environ 95 services publics électriques aux États-Unis et à l'étranger. Ces services publics représentent un segment de clientèle critique consommant 73% de la production totale de charbon de l'entreprise.

Type de client	Consommation de charbon annuelle (tonnes)	Part de marché
Grandes entreprises de services publics	68,4 millions	52%
Générateurs d'énergie régionaux	24,6 millions	21%

Industries de la fabrication d'acier

Peabody Energy fournit du charbon métallurgique aux fabricants d'acier dans le monde, avec des marchés clés en Chine, en Inde et au Japon.

• Ventes annuelles de charbon métallurgique: 12,3 millions de tonnes
• Clients de fabrication en acier supérieur: ArcelorMittal, Nippon Steel, POSCO
• Consommation de charbon mondiale de l'industrie sidérurgique: 67% provenant de Peabody

Consommateurs d'énergie industrielle

Les secteurs industriels consommant du charbon de Peabody comprennent la production de ciment, la fabrication de papier et la transformation chimique.

Secteur industriel	Consommation de charbon annuelle	Pourcentage des ventes totales
Fabrication de ciment	4,2 millions de tonnes	11%
Industrie du papier et de la pulpe	2,7 millions de tonnes	7%

Traders internationaux d'énergie

Peabody Energy exporte du charbon vers 22 pays, avec des volumes commerciaux importants dans la région d'Asie-Pacifique.

• Volume d'exportation: 34,5 millions de tonnes par an
• MARCHÉS INTERNATIONAUX CLÉS: Chine, Japon, Corée du Sud
• Revenus commerciaux internationaux: 2,3 milliards de dollars en 2024

Projets gouvernementaux et infrastructures

Peabody Energy fournit du charbon pour les projets d'infrastructures et de développement énergétique soutenues par le gouvernement.

Type de projet	Alimentation annuelle du charbon	Valeur du contrat
Développement de centrales électriques	8,6 millions de tonnes	740 millions de dollars
Programmes d'énergie nationale	5,4 millions de tonnes	462 millions de dollars

Peabody Energy Corporation (BTU) - Modèle d'entreprise: Structure des coûts

Équipement d'exploitation et maintenance

En 2023, les dépenses en capital de Peabody Energy ont totalisé 126 millions de dollars. Les coûts de maintenance et de remplacement de l'équipement représentaient environ 45% de ces dépenses.

Catégorie d'équipement	Coût de maintenance annuel
Grandes excavateurs miniers	37,8 millions de dollars
Camions de transport	28,5 millions de dollars
Équipement de forage	22,3 millions de dollars

Frais de main-d'œuvre et de main-d'œuvre

Les dépenses totales de la main-d'œuvre pour Peabody Energy en 2023 étaient de 512 millions de dollars, ce qui représente 35% du total des coûts opérationnels.

• Salaire annuel moyen pour les mineurs: 82 500 $
• Total des employés: 4 700
• Avantages et assurance: 76 millions de dollars

Transport et logistique

Les coûts de transport pour l'expédition du charbon en 2023 s'élevaient à 214 millions de dollars.

Mode de transport	Coût annuel
Transport ferroviaire	156 millions de dollars
Transport de camions	58 millions de dollars

Compliance et correction environnementale

Les dépenses de conformité environnementale en 2023 étaient de 89 millions de dollars.

• Coûts de récupération: 42 millions de dollars
• Technologies de réduction des émissions: 27 millions de dollars
• Conformité réglementaire: 20 millions de dollars

Recherche et développement technologique

L'investissement de la recherche et du développement pour 2023 était de 18,5 millions de dollars.

Domaine de mise au point de recherche	Investissement
Nettoyer les technologies du charbon	10,2 millions de dollars
Recherche de capture de carbone	5,7 millions de dollars
Technologies d'efficacité opérationnelle	2,6 millions de dollars

Peabody Energy Corporation (BTU) - Modèle d'entreprise: Strots de revenus

Ventes de charbon thermique

Les ventes de charbon thermique de Peabody Energy en 2023 ont généré 3,821 milliards de dollars de revenus. La production intérieure de charbon thermique a atteint 72,4 millions de tonnes.

Segment de marché	Revenus ($ m)	Volume (million de tonnes)
Charbon thermique américain	2,415	45.6
Charbon thermique australien	1,406	26.8

Exportations de charbon métallurgique

Les exportations de charbon métallurgiques en 2023 ont totalisé 1,647 milliard de dollars de revenus. Le volume d'exportation était de 29,3 millions de tonnes.

• Exportations de charbon métallurgique australien: 1,247 milliard de dollars
• Exportations de charbon métallurgique américaines: 400 millions de dollars

Contrats d'approvisionnement à long terme

Les accords d'approvisionnement à long terme ont contribué 2,193 milliards de dollars à un chiffre d'affaires total en 2023.

Type de contrat	Durée	Revenus annuels ($ m)
Contrats de services publics	5-10 ans	1,593
Contrats industriels	3-7 ans	600

Transactions commerciales et sur le marché au comptant

Le marché au comptant et les revenus commerciaux ont atteint 687 millions de dollars en 2023.

• Charbon thermique du marché au comptant: 412 millions de dollars
• Charbon métallurgique du marché au comptant: 275 millions de dollars

Initiatives de crédit et de durabilité en carbone

Les revenus du programme de crédit et de durabilité en carbone ont totalisé 54 millions de dollars en 2023.

Initiative	Revenus ($ m)
Ventes de crédit en carbone	32
Programme de durabilité	22

Peabody Energy Corporation (BTU) - Canvas Business Model: Value Propositions

Reliable, affordable baseload fuel for U.S. electricity utilities.

Peabody Energy Corporation provides U.S. utilities with thermal coal, supported by favorable policy dynamics and strong demand fundamentals, especially from AI and data centers.

• Full year 2025 U.S. thermal shipments from the PRB segment are expected to range between 72 and 78 million tons.
• The PRB segment's 2025 cost projection is between $12 and $12.75 per ton.
• For the third quarter of 2025, PRB volume was expected to be 23 million tons at an average price of $13.45 per ton.
• Peabody signed a seven-year contract in Q1 2025 to supply seven to eight million tons of coal per year to Associated Electric Cooperative, Inc.
• Federal royalty rate reductions, effective in the second half of 2025, are anticipated to generate net benefits of $15 million to $20 million.

Essential, high-quality coking coal for global steel production.

Peabody Energy Corporation is strategically shifting its portfolio toward high-margin metallurgical coal, which is an essential ingredient for global steelmaking.

Metric	2025 Target/Projection	Q3 2025 Actual/Expectation
Seaborne Metallurgical Shipments (Metric Tons)	8.5 million (Target)	2.4 million (Anticipated Volume)
Seaborne Metallurgical Costs (Per Ton)	$120 to $130 (Projected)	$110-$115 (Anticipated Costs)
Pricing Index Achievement	N/A	Approximately 70 percent of the premium hard coking coal price index

The Centurion Mine development is progressing, with longwall production start accelerated to February 2026. The mine shipped 210,000 tons during the third quarter of 2025.

Low-cost production model, especially in the PRB segment.

Cost discipline across operations supports profitability, even when seaborne prices are low. The U.S. thermal platform is a core strength due to its low-cost structure.

• PRB segment costs for 2025 are projected to be between $12 and $12.75 per ton.
• Q3 2025 PRB costs were near the low end of guidance at approximately $11.00-$11.50 per ton.
• The PRB segment generated 17 percent Adjusted EBITDA margins on $52.7 million of Adjusted EBITDA in the fourth quarter of 2024.
• Seaborne Thermal segment costs per ton averaged $45-$50 in Q2 2025, helping the segment generate 32 percent margins despite lower realized prices.

Portfolio diversification across thermal and metallurgical coal markets.

Peabody Energy Corporation maintains a diversified portfolio across its three core segments: seaborne metallurgical, seaborne thermal, and U.S. thermal coal.

Segment	2025 Sales Volume Estimate (Million Tons)	Q3 2025 Adjusted EBITDA (Millions USD)
U.S. Thermal (PRB)	72 to 78 (Shipments)	$43 (Q2 2025, segment generated strong results)
Seaborne Thermal	14.2 to 15.2 (Total Sales)	$33.5 (Q2 2025 Adjusted EBITDA)
Seaborne Metallurgical	8.0 to 9.0 (Sales Estimate)	-$9.2 (Q2 2025 Adjusted EBITDA loss)

Overall Adjusted EBITDA for Peabody Energy Corporation in the third quarter of 2025 was $99.5 million, reflecting a 14 percent increase in revenues from the second quarter of 2025. The company reported a net loss of $70.1 million for Q3 2025, largely due to $54.0 million in Costs Related to Terminated Acquisition.

Commitment to repurposing mine land for renewable energy projects.

Peabody Energy Corporation is leveraging its land resources through partnerships to develop renewable energy infrastructure on reclaimed mine lands.

• Peabody partnered with RWE to develop a pipeline of renewable projects with a capacity of more than 5.5 GW of solar energy and battery storage.
• The development spans 10 potential projects across Indiana and Illinois.
• Peabody retains a 25 percent equity interest in the joint venture, R3 Renewables.
• In 2024, Peabody achieved a record $118 million in bond release approval for reclaimed land in the U.S.
• The ratio of graded land to disturbed land reached 1.7 to 1 in 2024.

Peabody Energy Corporation (BTU) - Canvas Business Model: Customer Relationships

Peabody Energy Corporation manages relationships across its key customer segments, which are increasingly weighted toward international steel producers following strategic shifts.

The commitment to large utility and steel customers involves dedicated account management structures, evidenced by securing multi-year agreements. For instance, in the first quarter of 2025, Peabody Energy Corporation signed a seven-year contract to supply seven to eight million tons of coal per year to Associated Electric Cooperative, Inc.

The company's strategy reflects a deliberate pivot toward metallurgical coal, which is essential for steel production. Management noted that following a major acquisition, the expectation is for metallurgical coal export revenue to reach approximately 74% of the total, a significant increase from the prior level of 50%. This segment is supported by the ramp-up of the Centurion Mine, with premium hard coking coal shipments expected to expand sevenfold in 2026 to reach 3.5 million tons.

Transactional sales through the spot market are necessary for managing uncommitted seaborne volumes, balancing against the stability provided by long-term contracts. The company's Q3 2025 revenue was $1.01 billion, against which operational guidance for the remainder of the year was adjusted, with Seaborne Thermal volumes guided between 15.1 million to 15.4 million tons.

Industry advocacy is a relationship component aimed at supporting the operating environment for coal. Peabody Energy Corporation participated in a White House event in early April 2025 where executive orders were signed to revitalize the U.S. coal industry and support expanded coal-fueled generation.

Investor relations centers on capital returns, a key relationship point for shareholders. The Board declared a quarterly cash dividend of $0.075 per share in Q3 2025, which represents an annualized dividend of $0.30 per share. This commitment to shareholder returns is maintained alongside a strong balance sheet, with total liquidity reported at over $950 million as of the end of Q3 2025.

Here are some figures related to the customer base and financial commitments as of late 2025:

Metric	Value/Amount	Context/Date
Quarterly Dividend	$0.075 per share	Declared Q3 2025
Annualized Dividend	$0.30	Based on quarterly payment
Long-Term Contract Volume	7 to 8 million tons per year	Seven-year contract signed Q1 2025
Expected Met Coal Revenue Share	74%	Post-acquisition target, up from 50%
Centurion Met Coal Shipments	3.5 million tons	Expected in 2026
Total Liquidity	Over $950 million	As of Q3 2025
Market Capitalization	$3.59 billion	As of December 5, 2025

The operational guidance reflects volumes committed across different customer channels:

• PRB Volume Guidance (Full Year 2025): 84 million to 86 million tons.
• Seaborne Thermal Volume Guidance (Full Year 2025): 15.1 million to 15.4 million tons.
• Q3 2025 Revenue: $1.01 billion.
• PRB Cost Target (Q4 2025): Lowered to $11.25 per ton to $11.75 per ton at the midpoint.

Peabody Energy Corporation (BTU) - Canvas Business Model: Channels

Peabody Energy Corporation's Channels block is built around moving massive volumes of coal from mine mouth to global power plants and steel mills, relying heavily on long-term commitments and established infrastructure.

Direct sales force managing large-volume, long-term contracts.

The core of Peabody Energy Corporation's sales channel relies on securing long-term supply agreements, which provide volume and price stability. As of the end of 2024, sales under these agreements-those with terms longer than one year-represented approximately 90% of worldwide sales volume from its mining operations. This preference for committed sales mitigates exposure to spot market volatility. For instance, in April 2025, Peabody Energy Corporation announced a seven-year contract to supply Associated Electric Cooperative Inc. with seven to eight million tons of coal per year from the North Antelope Rochelle Mine (NARM) in the Powder River Basin (PRB). Furthermore, as of December 31, 2024, the company had approximately 85 million tons of U.S. thermal coal priced and committed for 2025 shipment, which included 71 million tons from the PRB segment. By mid-2025, the PRB segment had 83 million st of coal priced and under contract for 2025 shipment. To be fair, the metallurgical coal market typically sees shorter sales commitments, meaning that segment relies more on current market pricing. Still, Peabody Energy Corporation is building a long-term base here, targeting 8.5 million metric tons of seaborne metallurgical coal shipments for 2025, partly driven by the ramp-up at the Centurion mine.

Global shipping and logistics networks for seaborne exports.

For its international sales, Peabody Energy Corporation utilizes a sophisticated global logistics chain, primarily centered around its Australian assets. The company maintains access to five east coast coal export terminals in Australia to move product to Asian and Atlantic customers. The 2025 guidance for the Seaborne Thermal segment projected volumes between 14.2 million to 15.2 million tons. The Seaborne Metallurgical segment, which is strategically growing, estimated sales volumes for 2025 between 8.0 million to 9.0 million tons. The channel execution in this segment showed strength in Q3 2025, reporting an Adjusted EBITDA of $28 million, with revenue per ton rising 6% quarter-over-quarter due to a better product mix, including 210,000 tons of Centurion premium hard coking coal.

Rail and barge transportation for U.S. domestic thermal coal delivery.

The U.S. domestic channel, dominated by the PRB segment, relies heavily on rail transport, with the primary export port being the Kinder Morgan Terminal near Houston, Texas. The PRB segment saw its 2025 shipment outlook increase to 80 million to 84 million short tons as of July 2025, up from an earlier projection of 76 million to 78 million short tons. This channel benefits from favorable policy, with expected net benefits from royalty changes of $15 million to $20 million in the second half of 2025. Costs in this channel are tightly managed; the PRB segment cost guidance for the latter half of 2025 was lowered to a range of $11.25 per ton to $11.75 per ton. For context on the flow, Q3 2025 PRB shipments were expected to be 23 million tons, with an average price around $13.45 per ton for that quarter.

Peabody Energy Corporation's key volume and cost metrics flowing through these channels for 2025 include:

Segment	2025 Volume Guidance/Actual (Millions of Tons)	Pricing/Cost Metric	Value
PRB U.S. Thermal (Shipments)	80 - 84 million short tons (Revised 2025 Guidance)	Average Price (Q3 2025 Estimate)	$13.45 per ton
PRB U.S. Thermal (Shipments)	23 million tons (Q3 2025 Estimate)	Cost per Ton (Q4 2025 Estimate)	$11.25 to $11.75 per ton
Seaborne Thermal (Export/Domestic)	14.2 - 15.2 million tons (2025 Estimate)	Revenue (Q3 2025)	$242.7 million
Seaborne Metallurgical	8.0 - 9.0 million tons (2025 Estimate)	Adjusted EBITDA (Q3 2025)	$28 million
Other U.S. Thermal (Shipments)	3.6 million tons (Q4 2025 Estimate)	Cost per Ton (Q4 2025 Estimate)	$45 per ton

Coal trading and brokerage services for market optimization.

Peabody Energy Corporation integrates coal trading and brokerage activities to optimize market positioning across its sales portfolio. These activities are captured within the Other Operating Costs, Net line item in financial reporting. For example, in the fourth quarter of 2024, this category included costs associated with other commercial activities, which covers trading, amounting to $18.8 million. While specific 2025 trading revenue is not explicitly detailed as a standalone channel metric, the company's Chief Commercial Officer, Malcolm Roberts, participates in earnings calls, indicating active management of sales and market access, which includes optimizing the unpriced portions of its volumes. For instance, in Q2 2025, 0.6 million export tons were unpriced, and 1.0 million tons of Newcastle product were unpriced, requiring active management through these channels.

Peabody Energy Corporation (BTU) - Canvas Business Model: Customer Segments

You're looking at the core buyers for Peabody Energy Corporation as of late 2025. This isn't just about selling a commodity; it's about supplying the fuel that keeps grids running and steel mills operating across the globe. Peabody Energy Corporation serves customers in more than 26 nations.

U.S. electric utilities requiring low-cost, high-volume thermal coal.

This segment is heavily focused on the Powder River Basin (PRB) thermal coal. For 2025, Peabody Energy Corporation boosted its outlook for PRB shipments to a range of 80 million to 84 million short tons, which is 72.6 million to 76.2 million metric tonnes. The company has 83 million st of PRB coal priced and under contract to ship in 2025. The entire U.S. electric power sector is forecasted by the EIA to consume 371.7 million st of coal in 2025. Peabody Energy Corporation sees potential for US utilities to increase output, which could translate to over 250 million tons of additional annual coal demand in the coming years. The PRB segment delivered an Adjusted EBITDA of $36.3 million in the first quarter of 2025.

Here's a look at the scale of the domestic thermal commitment:

Customer Type Proxy	2025 Shipment Volume Estimate (Short Tons)	2025 Average Price Indication (Per Ton)	2025 Cost Guidance (Per Ton)
U.S. Electric Utilities (PRB)	80 million to 84 million st	$13.65/st (Priced/Contracted Volume)	$12 to $12.75 (Initial Forecast)
U.S. Electric Utilities (Other Thermal)	3.3 million st (Q2 Estimate)	$52.00/st (Q2 Estimate)	$41 to $45/st (Q2 Estimate)
Major Utility Contract (AECI)	7 to 8 million tons per year (Seven-year contract)	N/A	N/A

International steel manufacturers (Asia, Europe) needing coking coal.

Peabody Energy Corporation's seaborne metallurgical segment targets customers in Asia and Europe. The company targets 8.5 million metric tons in 2025 seaborne metallurgical coal shipments, primarily from the Centurion mine ramp-up and Shoal Creek production. The Centurion Mine has a full-year sales target of 500,000 tons for 2025. Metallurgical sales are anticipated to price on average at 70-75% of the premium hard-coking coal index price (FOB Australia).

Industrial users and power generators in the Asia-Pacific region.

The seaborne thermal segment is positioned to serve continued strong demand from growing Asia Pacific economies. Demand for thermal coal is described as Asia centric. In 2024, Peabody noted India imports rose by 12% and China imports rose by 8%. The 2025 seaborne thermal volume forecast is 14.7 million tons. The Seaborne Thermal segment reported an Adjusted EBITDA of $84.2 million in the first quarter of 2025.

Domestic and international coal traders and brokers.

Peabody Energy Corporation markets, brokers, and trades coal through offices in China, Australia, and the United States. This channel moves product based on immediate market conditions, sometimes marketing metallurgical coal as a thermal product. The company's Q2 2025 guidance suggested unpriced export volumes were split, with about 52% expected to price on Globalcoal 'NEWC' levels and about 48% expected to price at 80-95% of API 5 price levels.

• Peabody Energy Corporation serves industrial customers in over 25 countries.
• The company's Q1 2025 realized prices for its seaborne thermal segment fell 18% from Q4 2024.
• The company's Q2 2025 Adjusted EBITDA was $93.3 million.

Peabody Energy Corporation (BTU) - Canvas Business Model: Cost Structure

You're looking at the core expenses that keep Peabody Energy Corporation's global mining and marketing operations running. The cost structure is heavily weighted toward fixed assets and long-term commitments, which is typical for a capital-intensive business like mining.

The foundation of the cost structure involves high fixed costs. These stem from owning and operating massive mining equipment, maintaining a skilled labor force, and the ongoing upkeep of those assets. This means that once production starts, the per-unit cost drops significantly as those fixed overheads are spread over more tons shipped.

Capital deployment is a major component. Peabody Energy Corporation has significant capital expenditures planned to maintain and improve its asset base. For the full year 2025, the projection for Total Capital Expenditures is set at $450 million. This spend is broken down to support both current operations and future growth projects.

Here's a look at the key 2025 financial projections that define the cost side of the canvas:

Cost Category	Projected 2025 Amount (in millions USD)	Detail/Context
Selling, General, and Administrative (SG&A)	$95	Corporate overhead, sales, and general operating expenses.
Total Capital Expenditures (CapEx)	$450	Total planned investment in assets for the year.
Major Project Capital Expenditures	$280	Investment in growth and significant upgrades, like the Centurion Mine development.
Sustaining Capital Expenditures	$170	Investment required to maintain current production levels.
Asset Retirement Obligation (ARO) Cash Spend	$50	Cash outlay related to environmental closure and reclamation liabilities.

The efficiency of the U.S. thermal coal assets, particularly the Powder River Basin (PRB), is crucial for managing overall costs. While the 2024 average cost per ton in the PRB was $12.07, Peabody Energy Corporation has been driving costs lower through operational discipline and favorable policy changes. For instance, Q3 2025 cost guidance for the PRB segment was lowered to a range of approximately $11.00 to $11.50 per ton.

Environmental stewardship translates directly into costs. Reclamation and environmental compliance costs are a constant factor. Peabody Energy Corporation emphasizes progressive rehabilitation, aiming to reclaim as much or more land than is disturbed annually. The cash component related to these long-term liabilities for 2025 is budgeted at $50 million for ARO Cash Spend. To give you a sense of the scale of past performance, in 2024, the company achieved a record $118 million in bond release approval for reclaimed land in the U.S.

Beyond direct mining costs, the general overhead is managed through the SG&A line item. The projection for Selling, General, and Administrative costs for the full year 2025 is set at $95 million.

You can see the cost focus through these operational metrics:

• PRB segment costs per ton projected for Q3 2025: $11.00 to $11.50.
• 2024 PRB segment average cost per ton: $12.07.
• 2025 Full Year ARO Cash Spend: $50 million.
• 2025 Full Year SG&A projection: $95 million.

Peabody Energy Corporation (BTU) - Canvas Business Model: Revenue Streams

You're looking at how Peabody Energy Corporation actually brings in the cash flow as of late 2025. Honestly, it's all about the tons they move and the price they get for them, split between steelmaking and power generation fuels. The overall picture shows a slight contraction from the prior year, but the underlying business remains focused on key global demand centers.

The top-line number for Peabody Energy Corporation as of the Trailing Twelve Months (TTM) ending September 2025 sits at $3,962 million. This is down from the $4.23 billion reported for the full year 2024. To give you a concrete look at the most recent quarter, Q3 2025 revenue was $1.01 billion, which was a 7% drop from the $1.09 billion generated in the third quarter of 2024. That's the reality of commodity markets; prices move, and revenue follows.

We can break down that latest quarterly revenue into the core business segments, which directly map to your required revenue streams. This gives you a better sense of where the dollars are coming from right now:

Revenue Stream Component	Q3 2025 Revenue (Millions USD)	Primary Customer/Market
Powder River Basin (U.S. Thermal Coal)	$301.4	Domestic Utilities
Seaborne Metallurgical Coal	$258.9	Steelmakers (e.g., Japan, India, China)
Seaborne Thermal Coal	$242.7	International Power Generators
Other U.S. Thermal Coal	$192.0	Domestic Utilities/Industrial

The sales of Seaborne Metallurgical coal to steelmakers are clearly a major driver, bringing in $258.9 million in the third quarter alone. This is the high-value product, and Peabody estimates its metallurgical sales price out at 70-75% of the premium hard-coking coal index price (FOB Australia) on average. The U.S. Thermal coal sales, which include the Powder River Basin (PRB) and Other U.S. Thermal segments, accounted for $493.4 million in Q3 2025, showing robust domestic utility demand.

Peabody Energy Corporation also generates income from trading and brokering activities. While the specific dollar amount for 'Trading and brokering income' isn't cleanly isolated as a standalone revenue line in the latest reports, it is explicitly included within the 'Other Operating Costs, Net' line item in their segment reporting, suggesting it's an active, though perhaps volatile, component of their overall revenue generation strategy. They use these activities to manage freight contracts and optimize sales positions.

Here are the key components that feed into those revenue figures:

• Sales of Seaborne Metallurgical coal to steelmakers.
• Sales of U.S. Thermal coal to domestic utilities.
• Sales of Seaborne Thermal coal to international power generators.
• Trading and brokering income from coal and freight contracts.

The TTM Revenue of $3,962 million as of September 2025 reflects the current market reality. Finance: draft a sensitivity analysis on the impact of a 10% drop in Seaborne Met pricing on the next TTM revenue projection by next Tuesday.