By Connor Hart
Shares of Peabody Energy fell after the company swung to an unexpected loss and logged lower-than-expected revenue in the first quarter.
The stock slipped 5.9%, to $24.95, in premarket trading Tuesday. Shares had lost about a quarter of their value over the past three months, despite nearly doubling over the past 52 weeks.
Peabody before the bell posted a loss of $32.4 million, compared with a profit of $34.4 million in the same quarter last year. On a per-share basis, a loss of 27 cents compared with analyst views for earnings of 9 cents, according to FactSet.
Adjusted Ebitda--or earnings before interest, taxes, depreciation and amortization--fell to $82.5 million from $144 million a year earlier.
Revenue climbed 4% to $973.3 million but came in just below Wall Street models for $977.4 million.
Chief Executive Jim Grech said the recent quarter's results came against a volatile backdrop for global energy markets.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
May 05, 2026 08:57 ET (12:57 GMT)
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