Aug. 13 at 1:59 PM
$BTU is back in the green, but I think the real story is Centurion rather than today's price move. On August 11, Peabody showed an illustrative scenario pointing to roughly
$423M of annual adjusted EBITDA from the mine at its current pricing and projected cost assumptions, based on average life-of-mine volume of 4.7M tons.
That number is a company projection, not current earnings. After a Q2 that produced just
$24M of adjusted EBITDA, execution matters much more than the presentation headline. If Centurion ramps as planned and costs behave, the earnings profile could change materially. If not, investors will notice quickly.
Not financial advice. Do your own research.