Peabody (NYSE: BTU) reported its fourth-quarter and full-year financial results for 2024. In the fourth quarter, net income attributable to common stockholders decreased to $30.6 million, or $0.25 per diluted share, from $192.0 million, or $1.33 per diluted share, in the previous year. Adjusted EBITDA for the quarter was $176.7 million, including a $41.4 million non-cash charge due to Australia currency remeasurement, compared to $345.1 million in Q4 2023.

For the full year, Peabody's revenue totaled $4,236.7 million, a decrease from $4,946.7 million in 2023. Full-year net income attributable to common stockholders was $370.9 million, or $2.70 per diluted share, down from $759.6 million, or $5.00 per diluted share, in the prior year. Adjusted EBITDA for the year was $871.7 million, compared to $1,363.9 million in 2023.

Peabody President and CEO Jim Grech highlighted the company's strong fourth-quarter performance and its transformational acquisition, which is expected to reshape Peabody positively. The company also achieved record low injury rates and reduced over $100 million in reclamation bonding obligations.

Key highlights include:
- Agreement to purchase four premium hard coking coal operations in Australia's Bowen Basin, shifting Peabody to a predominantly steelmaking-coal supplier.
- Development of the Centurion Mine in Australia, with longwall production expected to start in March 2026.
- A record low injury frequency rate (TRIFR) and safety achievements.
- A partnership with RWE to expand Peabody's R3 Renewables platform for solar and energy storage projects on reclaimed mine lands.
- A record $110 million in bond release approval for reclaimed U.S. lands, with reclaimed lands now exceeding disturbed lands by a ratio of 1.7 to 1.

Peabody declared a $0.075 per share dividend on February 6, 2025.