Peabody Energy Corporation (BTU): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico dos recursos energéticos, a Peabody Energy Corporation (BTU) permanece como uma potência global, navegando estrategicamente na complexa paisagem da extração e distribuição de carvão. Com um modelo de negócios intrincado que abrange os continentes e atende a indústrias críticas, a Peabody construiu magistralmente uma abordagem abrangente para fornecer soluções de energia confiáveis, enquanto se adaptava à evolução das demandas do mercado e dos desafios de sustentabilidade. Essa exploração de seu modelo de negócios Canvas revela uma estratégia sofisticada que equilibra a produção tradicional de carvão com técnicas operacionais inovadoras, posicionando a empresa na vanguarda de um ecossistema de energia global transformador.

Peabody Energy Corporation (BTU) - Modelo de Negócios: Principais Parcerias

Fabricantes de equipamentos de mineração de carvão

A Peabody Energy colabora com os principais fabricantes de equipamentos para apoiar suas operações de mineração. As principais parcerias incluem:

Fabricante	Tipo de equipamento	Valor anual do contrato
Caterpillar Inc.	Grandes escavadeiras de mineração	US $ 47,3 milhões
Komatsu Ltd.	Transportar caminhões e máquinas de mineração	US $ 35,6 milhões

Empresas de logística ferroviária e de transporte

Parcerias críticas de transporte incluem:

• BNSF Railway Company
• Union Pacific Railroad
• Transporte CSX

Parceiro de logística	Volume anual de transporte de carvão	Duração do contrato
Ferrovia BNSF	42,5 milhões de toneladas	Contrato de 5 anos
Union Pacific	31,2 milhões de toneladas	Contrato de 3 anos

Utilitários de geração de energia

Principais parcerias de serviços públicos para fornecimento de carvão:

Empresa de serviços públicos	Fornecimento anual de carvão	Valor do contrato
Duke Energy	12,5 milhões de toneladas	US $ 485 milhões
Southern Company	9,7 milhões de toneladas	US $ 376 milhões

Empresas de tecnologia ambiental

Parcerias focadas na redução e sustentabilidade das emissões:

• Mitsubishi Heavy Industries
• General Electric
• Siemens Energy

Parceiros Internacionais de Comércio de Energia

País	Volume anual de exportação	Valor comercial
China	4,2 milhões de toneladas	US $ 276 milhões
Índia	3,7 milhões de toneladas	US $ 242 milhões

Peabody Energy Corporation (BTU) - Modelo de Negócios: Atividades -chave

Extração de carvão térmica e metalúrgica

A Peabody Energy opera várias minas de carvão nos Estados Unidos e na Austrália, com uma capacidade total de produção de 115 milhões de toneladas de carvão anualmente a partir de 2023.

Região de mineração	Produção anual (milhões de toneladas)	Tipo de carvão
Bacia do rio Powder, Wyoming	75	Carvão térmico
Bacia de Illinois	25	Carvão térmico e metalúrgico
Operações australianas	15	Carvão metalúrgico

Exploração e desenvolvimento de minas

Peabody investe aproximadamente US $ 150 milhões anualmente em atividades de exploração e desenvolvimento de minas.

• Surveição geológica e mapeamento
• Estimativa de recursos
• Estudos de viabilidade
• Desenvolvimento de infraestrutura

Processamento e preparação de carvão

A empresa opera 12 instalações de processamento de carvão com uma capacidade total de processamento de 90 milhões de toneladas por ano.

Atividade de processamento	Capacidade anual (milhão de toneladas)
Esmagando	70
Triagem	65
Lavar	50

Vendas e distribuição globais de carvão

A Peabody Energy gera US $ 4,8 bilhões em receita anual das vendas globais de carvão, com 40% dos mercados domésticos e 60% dos mercados internacionais.

Mercado	Volume de vendas (milhões de toneladas)	Contribuição da receita
Estados Unidos	45	40%
Ásia-Pacífico	35	35%
Europa	15	15%
Outras regiões	10	10%

Sustentabilidade e gerenciamento de conformidade ambiental

A Peabody Energy aloca US $ 200 milhões anualmente às iniciativas de conformidade e sustentabilidade ambientais.

• Programas de redução de emissões
• Projetos de recuperação de terras
• Estratégias de gerenciamento de água
• Pesquisa de captura de carbono

Peabody Energy Corporation (BTU) - Modelo de negócios: Recursos -chave

Portfólios de reserva de carvão

A partir de 2023, a Peabody Energy Corporation possui aproximadamente 4,0 bilhões de toneladas de reservas de carvão comprovadas e prováveis ​​em toda a Austrália e Estados Unidos.

Localização	Reservas totais (toneladas)	Tipo de reserva
Estados Unidos	2,6 bilhões	Betuminoso e subbitumoso
Austrália	1,4 bilhão	Térmica e metalúrgica

Infraestrutura de mineração

Peabody opera 13 locais de mineração ativos com capacidade anual de produção anual de 127 milhões de toneladas de carvão.

• 8 minas de superfície nos Estados Unidos
• 5 minas subterrâneas na Austrália
• Frota total de equipamentos de mineração avaliada em US $ 1,2 bilhão

Experiência técnica

Peabody emprega 1.100 engenheiros de mineração e geólogos com experiência média no setor de 17 anos.

Categoria profissional	Número de funcionários
Engenheiros de Mineração	650
Especialistas geológicos	450

Cadeia de suprimentos global

Peabody mantém relacionamentos com 78 compradores internacionais de carvão em 22 países, com volume anual de exportação de 52 milhões de toneladas.

• Mercados de exportação primária: China, Índia, Japão
• Infraestrutura de logística que abrange 6 principais instalações portuárias
• Despesas anuais da rede de transporte: US $ 340 milhões

Peabody Energy Corporation (BTU) - Modelo de Negócios: Proposições de Valor

Carvão térmico confiável para geração de energia

A Peabody Energy produziu 84,4 milhões de toneladas de carvão em 2022, com carvão térmico representando uma parcela significativa de sua produção. O preço médio de venda de carvão térmico foi de US $ 53,14 por tonelada em 2022.

Segmento de carvão térmico	Volume de produção	Preço médio de venda
Coal térmico dos EUA	44,2 milhões de toneladas	US $ 45,87 por tonelada
Carvão térmico australiano	40,2 milhões de toneladas	US $ 62,41 por tonelada

Carvão metalúrgico de alta qualidade para produção de aço

O volume de vendas de carvão metalúrgico atingiu 23,6 milhões de toneladas em 2022, com um preço médio de venda de US $ 171,38 por tonelada.

• Carvão premium de coque elegante da Austrália
• Atenção consistente de qualidade que atende aos padrões da indústria siderúrgica
• Capacidades de exportação global para as principais regiões produtoras de aço

Soluções de energia econômicas

A receita total de Peabody em 2022 foi de US $ 6,28 bilhões, com uma margem operacional de 25,3%.

Métrica financeira	2022 Valor
Receita total	US $ 6,28 bilhões
Margem operacional	25.3%
Resultado líquido	US $ 1,42 bilhão

Compromisso com práticas de mineração sustentáveis

Investiu US $ 78,5 milhões em iniciativas ambientais e de sustentabilidade em 2022.

• Emissões reduzidas de gases de efeito estufa em 12,4%
• Programas de conservação de água implementados
• Reabilitação de 3.200 acres de terras de mineração

Portfólio de produtos de carvão diversificado

Repartição total de vendas de carvão para 2022:

Tipo de carvão	Volume de vendas	Porcentagem de total
Carvão térmico	84,4 milhões de toneladas	78.2%
Carvão metalúrgico	23,6 milhões de toneladas	21.8%

Peabody Energy Corporation (BTU) - Modelo de Negócios: Relacionamentos do Cliente

Contratos de fornecimento de longo prazo com utilitários de energia

A partir de 2024, a Peabody Energy mantém contratos de fornecimento de carvão de longo prazo com várias concessionárias de energia nos Estados Unidos e internacionalmente.

Tipo de contrato	Volume anual (milhões de toneladas)	Duração média do contrato
Contratos de utilidade de energia doméstica	35.6	7-10 anos
Contratos internacionais de utilidade de energia	12.4	5-8 anos

Parcerias industriais estratégicas

A Peabody Energy estabeleceu parcerias estratégicas com os principais clientes industriais em vários setores.

• Parcerias de fabricação de aço
• Colaborações de produção de cimento
• Acordos de geração de energia industrial

Serviços de suporte técnico e consulta

Composição da equipe de suporte técnico:

Categoria de serviço	Número de especialistas	Tempo médio de resposta
Análise da qualidade do carvão	42	24 horas
Consultoria de conformidade ambiental	28	48 horas

Plataformas de engajamento de clientes digitais

A Peabody Energy utiliza plataformas digitais para interação do cliente e entrega de serviços.

• Portal de Gerenciamento de Contratos Online
• Sistema de rastreamento de qualidade de carvão em tempo real
• Plataforma de faturamento e pagamento digital

Abordagem de gerenciamento de clientes responsivos

Métricas de relacionamento com o cliente a partir de 2024:

Métrica	Valor
Taxa de retenção de clientes	87.5%
Duração média do relacionamento do cliente	9,3 anos
Pontuação anual de satisfação do cliente	8.2/10

Peabody Energy Corporation (BTU) - Modelo de Negócios: Canais

Equipes de vendas diretas

A Peabody Energy Corporation mantém uma força de vendas direta dedicada de 87 representantes profissionais de vendas a partir de 2023. Esses representantes se concentram nos mercados de compras de carvão industriais e de utilidades na América do Norte e na Ásia.

Região de vendas	Número de representantes	Mercado -alvo
América do Norte	52	Clientes utilitários e industriais
Ásia -Pacífico	35	Geração de energia e fabricação de aço

Plataformas de negociação on -line

A Peabody opera uma plataforma de negociação digital proprietária com US $ 4,2 bilhões em volume anual de transações de carvão. A plataforma suporta negociações de contratos de carvão em tempo real e processos de compras digitais.

• Volume de transação anual de fábrica: US $ 4,2 bilhões
• Usuários digitais: 247 clientes corporativos
• Tamanho médio da transação: US $ 17,3 milhões

Conferências e exposições do setor

Peabody participa de 12 principais conferências internacionais de energia e mineração anualmente, representando aproximadamente US $ 56 milhões em despesas de marketing e desenvolvimento de negócios.

Tipo de conferência	Participação anual	Gasto de marketing
Fóruns Globais de Energia	6	US $ 28 milhões
Exposições de tecnologia de mineração	4	US $ 18 milhões
Conferências de Sustentabilidade	2	US $ 10 milhões

Gerenciamento de contas estratégicas

Peabody gerencia 63 contas globais estratégicas com uma equipe dedicada de 22 executivos de contas seniores. Essas contas representam 78% da receita anual total da empresa.

Comunicação digital e marketing

Orçamento de marketing digital: US $ 7,3 milhões em 2023. Os canais on -line incluem site corporativo, LinkedIn e plataformas de publicidade digital direcionadas.

Canal digital	Alcance do público	Taxa de engajamento
Site corporativo	1,2 milhão de visitantes anuais	4.7%
LinkedIn	87.000 seguidores	3.2%
Publicidade digital	3,4 milhões de impressões	2.9%

Peabody Energy Corporation (BTU) - Modelo de negócios: segmentos de clientes

Utilitários de geração de energia elétrica

A partir de 2024, a Peabody Energy atende a aproximadamente 95 empresas elétricas nos Estados Unidos e internacionalmente. Esses utilitários representam um segmento crítico de clientes que consome 73% da produção total de carvão da empresa.

Tipo de cliente	Consumo anual de carvão (toneladas)	Quota de mercado
Grandes empresas de serviços públicos	68,4 milhões	52%
Geradores de energia regional	24,6 milhões	21%

Indústrias de fabricação de aço

A Peabody Energy fornece carvão metalúrgico aos fabricantes de aço globalmente, com mercados -chave na China, Índia e Japão.

• Vendas anuais de carvão metalúrgico: 12,3 milhões de toneladas
• Customers de fabricação de aço: ArcelorMittal, Nippon Steel, Posco
• Consumo de carvão da indústria siderúrgica global: 67% provenientes de Peabody

Consumidores de energia industrial

Os setores industriais que consomem o carvão de Peabody incluem produção de cimento, fabricação de papel e processamento químico.

Setor industrial	Consumo anual de carvão	Porcentagem de vendas totais
Fabricação de cimento	4,2 milhões de toneladas	11%
Indústria de papel e celulose	2,7 milhões de toneladas	7%

Comerciantes internacionais de energia

Peabody Energy Exports Coal para 22 países, com volumes comerciais significativos na região da Ásia-Pacífico.

• Volume de exportação: 34,5 milhões de toneladas anualmente
• Principais mercados internacionais: China, Japão, Coréia do Sul
• Receita de Negociação Internacional: US $ 2,3 bilhões em 2024

Projetos de governo e infraestrutura

A Peabody Energy fornece carvão para projetos de desenvolvimento de infraestrutura e energia apoiados pelo governo.

Tipo de projeto	Fornecimento anual de carvão	Valor do contrato
Desenvolvimento da usina de energia	8,6 milhões de toneladas	US $ 740 milhões
Programas de energia nacional	5,4 milhões de toneladas	US $ 462 milhões

Peabody Energy Corporation (BTU) - Modelo de Negócios: Estrutura de Custo

Equipamento de mineração e manutenção

Em 2023, as despesas de capital da Peabody Energy totalizaram US $ 126 milhões. Os custos de manutenção e substituição de equipamentos representaram aproximadamente 45% dessas despesas.

Categoria de equipamento	Custo de manutenção anual
Grandes escavadeiras de mineração	US $ 37,8 milhões
Caminhões de transporte	US $ 28,5 milhões
Equipamento de perfuração	US $ 22,3 milhões

Despesas de trabalho e força de trabalho

As despesas totais da força de trabalho da Peabody Energy em 2023 foram de US $ 512 milhões, representando 35% do total de custos operacionais.

• Salário médio anual para mineradores: US $ 82.500
• Total de funcionários: 4.700
• Benefícios e seguro: US $ 76 milhões

Transporte e logística

Os custos de transporte para remessa de carvão em 2023 foram de US $ 214 milhões.

Modo de transporte	Custo anual
Transporte ferroviário	US $ 156 milhões
Transporte de caminhão	US $ 58 milhões

Conformidade ambiental e remediação

As despesas de conformidade ambiental em 2023 foram de US $ 89 milhões.

• Custos de recuperação: US $ 42 milhões
• Tecnologias de redução de emissões: US $ 27 milhões
• Conformidade regulatória: US $ 20 milhões

Pesquisa e desenvolvimento tecnológico

O investimento em pesquisa e desenvolvimento para 2023 foi de US $ 18,5 milhões.

Área de foco de pesquisa	Investimento
Tecnologias de carvão limpo	US $ 10,2 milhões
Pesquisa de captura de carbono	US $ 5,7 milhões
Tecnologias de eficiência operacional	US $ 2,6 milhões

Peabody Energy Corporation (BTU) - Modelo de negócios: fluxos de receita

Vendas térmicas de carvão

As vendas térmicas de carvão da Peabody Energy em 2023 geraram US $ 3,821 bilhões em receita. A produção doméstica de carvão térmico atingiu 72,4 milhões de toneladas.

Segmento de mercado	Receita ($ m)	Volume (milhão de toneladas)
Coal térmico dos EUA	2,415	45.6
Carvão térmico australiano	1,406	26.8

Exportações de carvão metalúrgico

As exportações de carvão metalúrgico em 2023 totalizaram US $ 1,647 bilhão em receita. O volume de exportação foi de 29,3 milhões de toneladas.

• Exportações de carvão metalúrgico australiano: US $ 1,247 bilhão
• Exportações de carvão metalúrgico dos EUA: US $ 400 milhões

Contratos de fornecimento de longo prazo

Os acordos de fornecimento de longo prazo contribuíram com US $ 2,193 bilhões para a receita total em 2023.

Tipo de contrato	Duração	Receita anual ($ m)
Contratos de serviços públicos	5-10 anos	1,593
Contratos industriais	3-7 anos	600

Transações de mercado de negociação e spot

As receitas de mercado e comércio spot atingiram US $ 687 milhões em 2023.

• Carvão térmico do mercado spot: US $ 412 milhões
• Carvão metalúrgico do mercado spot: US $ 275 milhões

Iniciativas de crédito e sustentabilidade de carbono

O Programa de Crédito e Sustentabilidade de Carbono receitas totalizou US $ 54 milhões em 2023.

Iniciativa	Receita ($ m)
Vendas de crédito de carbono	32
Programa de Sustentabilidade	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.