Key Highlights

  • Peabody (NYSE:BTU) traded down 19.41% to USD 16.65 during regular hours on November 4, 2026, the day it released third-quarter 2026 results before the market opened.
  • The company release showed Revenue of USD 1,096.3 million against USD 1,012.1 million a year earlier, and a net loss of USD 32.8 million, or USD 0.27 per diluted share.
  • Adjusted EBITDA was USD 97.5 million versus USD 99.5 million a year earlier, and the company said the Centurion mine produced only about 45,000 tons in October.
  • The board declared a Dividend of USD 0.075 per share, payable December 9, 2026, while full-year seaborne metallurgical Volume guidance was lowered by 0.6 million tons.

What Moved Peabody During Trading (down USD 4.01, 19.41%)

Peabody (NYSE:BTU) was quoted at USD 16.65 in intraday market data on November 4, 2026, down 19.41%. Working backward from that move, the implied prior close was about USD 20.66 (calculated), so the decline equals about USD 4.01 per share. The screen showed about 1.46 million shares traded and a Market Value near USD 2.03 billion. The company released third-quarter results at about 7:45 a.m. ET, ahead of the open, and held its call at 10 a.m. CT. Earnings are therefore the clear timing candidate, although no single cause for the size of the decline was stated by the company, and the link between the release and the price is an inference rather than a confirmed explanation.

What the Third-Quarter Release Showed

For the quarter ended September 30, 2026, Peabody (NYSE:BTU) reported revenue of USD 1,096.3 million, up from USD 1,012.1 million a year earlier and USD 1,003.2 million in the second quarter. The net loss attributable to common stockholders was USD 32.8 million, or USD 0.27 per diluted share, narrower than the USD 70.1 million, or USD 0.58, lost a year ago. Adjusted EBITDA, a non-GAAP measure, was USD 97.5 million, compared with USD 99.5 million a year earlier and USD 24.0 million in the second quarter. Nine-month adjusted EBITDA was USD 204.0 million against USD 336.8 million a year earlier. Cash was USD 434.3 million and Liquidity was USD 887 million at September 30, 2026.

Centurion, Guidance and the Risks Ahead

The detail that matters most is the Centurion metallurgical mine in Queensland. The company said it shipped its third-quarter target of 0.58 million tons despite faulting, but produced only about 45,000 tons in October because of geological problems, and it expects fourth-quarter sales of 0.3 million to 0.5 million tons. The next longwall move is now expected in the third quarter of 2027. Full-year seaborne metallurgical volume guidance was cut by 0.6 million tons to 8.9 million to 9.1 million tons, while Capital Expenditure guidance was reduced by USD 40 million to USD 300 million. Lower volume spreads fixed mine costs over fewer tons, which squeezes margins. A securities class action over earlier Centurion disclosures was reported in August 2026, adding legal risk.

Where Things Stand

Peabody (NYSE:BTU) is down 19.41% because the stock is reacting on the day of a third-quarter report that paired a narrower loss with weaker Centurion output and a cut to metallurgical volume guidance. The company did not name a single driver for the decline, so that link is an inference. Revenue rose and every segment posted positive adjusted EBITDA, but the October production figure and the later longwall move shifted attention to fourth-quarter volumes and cash flow. Investors will watch the November 19, 2026 dividend record date, the Redemption of the remaining 2028 convertible notes, and any update on Centurion before the fourth-quarter report.