US: Peabody’s coal sales rise 13% q-o-q in Q3CY’25

• Q3 volumes improve across PRB, seaborne segments
• US demand, port recovery, mine progress boost output

Peabody Energy sold 32.5 million tonnes (mnt) of coal in Q3CY’25, up 13% q-o-q from 28.7 mnt in Q2CY’25, and 2% y-o-y from 31.9 mnt in Q3CY’24. The increase was driven by robust US demand, better seaborne thermal shipments, and steady metallurgical output.

Seaborne sales rebound with improved shipments

Seaborne thermal coal sales rose to 4.1 mnt in Q3CY’25 from 3.6 mnt in Q2CY’25, recovering from earlier port delays in Newcastle. Exports accounted for 2.8 mnt, up sharply from 2.1 mnt in the previous quarter, while domestic sales stood at 1.3 mnt. The segment benefitted from normalized shipping conditions and steady cost control, supporting operational stability.

Seaborne metallurgical coal sales drop 

Seaborne metallurgical coal sales were 2.1 mnt, slightly lower than 2.2 mnt in Q2CY’25 but 24% higher y-o-y from 1.7 mnt in Q3CY’24. The inclusion of 0.21 mnt from the Centurion mine, contributed to improved product mix which improved the sales this quarter.

PRB segment leads overall performance

The Powder River Basin (PRB) division remained Peabody’s largest contributor, with sales surging to 22.6 mnt, up 13% q-o-q from 20 mnt and 2% y-o-y from 22.1 mnt. Lower operational costs boosted shipments and efficiency. Peabody also confirmed full-year PRB guidance at 84-86 mnt.

US thermal operations stabilise

Sales from other US thermal operations reached 3.7 mnt, recovering from 2.9 mnt in Q2CY’25, though slightly below 4 mnt y-o-y. Temporary setbacks, including a five-week outage at Bear Run, affected output earlier in the quarter, but production normalised as the mine returned to service.

Centurion stays ahead of plan

Peabody’s Centurion mine in Australia continued development on schedule, with 210,000 t shipped during the quarter. The company reaffirmed its plan to start longwall operations by February 2026, ahead of initial targets.

Outlook

Peabody strengthened full-year guidance for seaborne met, thermal, and PRB segments, reflecting consistent demand and operational recovery. The company anticipates higher Q4 volumes – 3.2 mnt seaborne thermal, 2.4 mnt seaborne met, 23 mnt PRB and 3.6 mnt other US thermal – supported by improved export flows and steady US electricity generation.