ADDED
The Company owned interests in 16 active coal mining operations located in the United States (U.S.) and Australia at December 31, 2025.
Included in that count is Peabody s 50% equity interest in Middlemount Coal Pty Ltd.
During 2025, Peabody continued to advance the development of the Centurion Mine, an underground longwall metallurgical coal mine in Queensland, Australia.
The mine is expected to enhance both the quantity and quality of the Company s production from the Seaborne Metallurgical reportable segment.
As part of Peabody s ongoing asset optimization program, whereby its coal reserves, coal resources and surface properties are regularly reviewed for various commercial opportunities, various workstreams were advanced during 2025.
These workstreams related to projects such as the evaluation of rare earth element (REE) and critical mineral (CM) potential; power generation from coal mine gas; and continued development of renewable energy projects on certain reclaimed mining lands held by the Company.
The mines are listed within their respective reportable segment in descending order, as determined by tons produced in 2025.
Sales under long-term coal supply agreements comprised approximately 87%, 90% and 92% of the Company s worldwide sales from its mining operations (by volume) for the years ended December 31, 2025, 2024 and 2023, respectively.
For the year ended December 31, 2025, Peabody derived 25% of its revenue from coal supply agreements from its five largest customers.
Those five customers were supplied primarily from 19 coal supply agreements (excluding trading and brokerage transactions) expiring at various times from 2025 to 2028.
REMOVED
Form 10-K Summary 90 Signatures 91 Peabody Energy Corporation 2024 Form 10-K 1 Tab le of Contents Note: The words Peabody or the Company as used in this report, refer to Peabody Energy Corporation or its applicable subsidiary or subsidiaries.
At December 31, 2024, the Company owned interests in 17 active coal mining operations located in the United States (U.S.) and Australia, including a 50% equity interest in Middlemount Coal Pty Ltd.
On November 21, 2024, Peabody entered into a partnership with RWE, a renewable energy company, to advance renewable energy projects by repurposing reclaimed land previously used for mining, including certain reclaimed mining land held by the Company.
On November 25, 2024, Peabody entered into definitive agreements with Anglo American plc, a United Kingdom public limited company (Anglo), to acquire a portion of the assets and businesses associated with Anglo s metallurgical coal portfolio in Australia.
The acquisition is expected to close in the second quarter of 2025, subject to regulatory approvals, completion of preemptive rights processes and satisfaction of other customary closing conditions.
During 2024, Peabody continued to advance the development of the Centurion Mine, an underground longwall metallurgical coal mine in Queensland, Australia, as planned.
Development coal was produced and sold during the year, and commencement of longwall production is targeted for the first quarter of 2026.
Peabody Energy Corporation 2024 Form 10-K 2 Tab le of Contents U.S.
Locations Peabody Energy Corporation 2024 Form 10-K 3 Tab le of Contents Australian Locations Peabody Energy Corporation 2024 Form 10-K 4 Tab le of Contents The table below summarizes information regarding the operating characteristics of each of the Company s mines in the U.S.
The mines are listed within their respective reporting segment in descending order, as determined by tons produced in 2024.