February 14, 2025 - Peabody Energy’s annual revenues last year totaled $4.2 billion, with the coal giant announcing adjusted earnings approached $177 million in the final quarter of 2024. 

The annual revenue for 2024 was down slightly from the previous year, when Peabody Energy saw total revenues of nearly $5 billion. Quarterly earnings at the end of 2024 were also half that of the same period of 2023, when the company reported adjusted earnings of $345 million, according to Peabody Energy’s most recent quarterly earnings report released earlier this month. 

“Peabody completed a highly productive year with a strong fourth quarter performance and the advancement of a transformative acquisition that we are confident will reshape Peabody in a profound and positive way,” said Peabody President and CEO Jim Grech.  

The results for Peabody’s fourth quarter included a $41.4 million non-cash charge currency remeasurement in Australia, where the coal giant is making moves to acquire several mining operations as it transitions to become a predominately steelmaking-coal supplier. 

In 2024, Peabody Energy announced the first shipment of hard coking coal from its Australian Centurion Mine and anticipates longwall production to start in March 2026. 

Shipments from the Powder River Basin in the fourth quarter of 2024 remained on par with the same period of 2023. At the end of 2024, the company shipped 23 million tons of thermal coal, which is 1.8 million tons ahead of expectations and the highest quarterly sales volume for the year. 

Per Peabody, the PRB accounted for $52.7 million of the company’s entire quarterly income, selling coal for $13.79 per ton with costs coming in at $11.50 per ton. 

In addition to financial performance, Grech said the company experienced an exceptional year in safety and environmental performance, leading to record-low accident and severity rates as well as a reduction of more than $100 million in reclamation bonding obligations. 

Operations in the United States and Australia saw a record-low total reportable injury frequency rate, generating a combined global rate of 0.81 per 200,000 hours worked and the lowest recorded annual injury severity rate in company history, per Peabody. 

In 2024, Peabody achieved a company record of $110 million in bond release approval for reclaimed lands in the U.S. Reclaimed lands exceeded disturbed lands by a ratio of 1.7 to 1, a reported improvement over the prior year, which saw a ratio of 1.3 to 1.