Peabody Energy — Oct 31, 2024 release

2024 2024 2023 2024 2023 Tons sold (in millions) 4.0  3.7  4.2  10.9  12.5  Revenue per Ton $ 53.52  $ 55.21  $ 53.89  $ 55.92  $ 54.12  Costs per Ton 46.50  45.53  42.28  45.81  40.92  Adjusted EBITDA Margin per Ton $ 7.02   $ 9.68   $ 11.61   $ 10.11   $ 13.20   Adjusted EBITDA (in millions) $ 28.4   $ 35.4   $ 49.1   $ 110.3   $ 165.2   Peabody expected Other U.S. Thermal volume of 4.0 million tons at costs of approximately $44 to $48 per ton. Peabody delivered 4.0 million tons at costs of $46.50 per ton, in-line with expectations. For the quarter, t he segment reported Adjusted EBITDA ma rgins of 13 percent and A djusted EBITDA of $28.4 million. Centurion Update On October 14, 2024, Peabody provided a comprehensive update on the Centurion premium hard coking coal project (click here to view), estimating a net present value of $1.6 billion with a 25 percent internal rate of return. The project is expected to produce 4.7 million tons annually at first quartile costs over a 25 plus year mine life. Two continuous miner units are operational, first development coal wa s produced in June, first coal was washed in September and first customer shipment is scheduled for the fourth quarter. Peabody has invested $250 million of the projected $489 million needed to reach longwall production in March 2026. Centurion's benchmark premium hard coking coal from the Bowen Basin is highly attractive to customers in the Asian market, making Centurion a cornerstone asset in Peabody's global coal portfo