PEABODY ENERGY CORP Revenue Disclosure
| Year Ended December 31, 2025 | |||||||||||||||||||||||||||||||||||
| Seaborne Thermal | Seaborne Metallurgical | Powder River Basin | Other U.S. Thermal | Corporate and Other (1) | Consolidated | ||||||||||||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||||||||||||||
| Thermal coal | |||||||||||||||||||||||||||||||||||
| Domestic | $ | 136.0 | $ | — | $ | 1,153.0 | $ | 707.5 | $ | — | $ | 1,996.5 | |||||||||||||||||||||||
| Export | 771.8 | — | — | — | — | 771.8 | |||||||||||||||||||||||||||||
| Total thermal | 907.8 | — | 1,153.0 | 707.5 | — | 2,768.3 | |||||||||||||||||||||||||||||
| Metallurgical coal | |||||||||||||||||||||||||||||||||||
| Export | — | 1,034.8 | — | — | — | 1,034.8 | |||||||||||||||||||||||||||||
| Total metallurgical | — | 1,034.8 | — | — | — | 1,034.8 | |||||||||||||||||||||||||||||
| Other | 0.7 | 1.8 | — | (0.2) | 56.1 | 58.4 | |||||||||||||||||||||||||||||
| Revenue | $ | 908.5 | $ | 1,036.6 | $ | 1,153.0 | $ | 707.3 | $ | 56.1 | $ | 3,861.5 | |||||||||||||||||||||||
| Year Ended December 31, 2024 | |||||||||||||||||||||||||||||||||||
| Seaborne Thermal | Seaborne Metallurgical | Powder River Basin | Other U.S. Thermal | Corporate and Other (1) | Consolidated | ||||||||||||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||||||||||||||
| Thermal coal | |||||||||||||||||||||||||||||||||||
| Domestic | $ | 150.8 | $ | — | $ | 1,096.4 | $ | 785.0 | $ | — | $ | 2,032.2 | |||||||||||||||||||||||
| Export | 1,060.6 | — | — | — | — | 1,060.6 | |||||||||||||||||||||||||||||
| Total thermal | 1,211.4 | — | 1,096.4 | 785.0 | — | 3,092.8 | |||||||||||||||||||||||||||||
| Metallurgical coal | |||||||||||||||||||||||||||||||||||
| Export | — | 1,049.5 | — | — | — | 1,049.5 | |||||||||||||||||||||||||||||
| Total metallurgical | — | 1,049.5 | — | — | — | 1,049.5 | |||||||||||||||||||||||||||||
Other | 2.5 | 6.1 | 2.4 | 37.6 | 45.8 | 94.4 | |||||||||||||||||||||||||||||
| Revenue | $ | 1,213.9 | $ | 1,055.6 | $ | 1,098.8 | $ | 822.6 | $ | 45.8 | $ | 4,236.7 | |||||||||||||||||||||||
| Year Ended December 31, 2023 | |||||||||||||||||||||||||||||||||||
| Seaborne Thermal | Seaborne Metallurgical | Powder River Basin | Other U.S. Thermal | Corporate and Other (1) | Consolidated | ||||||||||||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||||||||||||||
| Thermal coal | |||||||||||||||||||||||||||||||||||
| Domestic | $ | 136.4 | $ | — | $ | 1,193.9 | $ | 867.7 | $ | — | $ | 2,198.0 | |||||||||||||||||||||||
| Export | 1,192.5 | — | — | — | — | 1,192.5 | |||||||||||||||||||||||||||||
| Total thermal | 1,328.9 | — | 1,193.9 | 867.7 | — | 3,390.5 | |||||||||||||||||||||||||||||
| Metallurgical coal | |||||||||||||||||||||||||||||||||||
| Export | — | 1,299.6 | — | — | — | 1,299.6 | |||||||||||||||||||||||||||||
| Total metallurgical | — | 1,299.6 | — | — | — | 1,299.6 | |||||||||||||||||||||||||||||
| Other | 0.8 | 2.3 | 4.2 | 20.5 | 228.8 | 256.6 | |||||||||||||||||||||||||||||
| Revenue | $ | 1,329.7 | $ | 1,301.9 | $ | 1,198.1 | $ | 888.2 | $ | 228.8 | $ | 4,946.7 | |||||||||||||||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (Dollars in millions) | |||||||||||||||||
| Unrealized gains on derivative contracts related to forecasted sales | $ | — | $ | — | $ | 159.0 | |||||||||||
| Realized losses on derivative contracts related to forecasted sales | — | — | (80.9) | ||||||||||||||
Revenue from physical sale of coal (2) | 35.4 | 27.8 | 109.4 | ||||||||||||||
| Other | 20.7 | 18.0 | 41.3 | ||||||||||||||
| Total Corporate and Other | $ | 56.1 | $ | 45.8 | $ | 228.8 | |||||||||||
| December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| (Dollars in millions) | |||||||||||
| Trade receivables, net | $ | 267.0 | $ | 294.9 | |||||||
| Miscellaneous receivables, net | 47.9 | 64.4 | |||||||||
| Accounts receivable, net | $ | 314.9 | $ | 359.3 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 23, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Feb 26, 2018 | |
| 2016 | Mar 22, 2017 | |
| 2015 | Mar 16, 2016 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.