Peabody Energy — Jul 31, 2025 release

“Peabody’s balance sheet provides substantial financial strength designed to sustain the company during challenging times and deliver extraordinary value during stronger points of the price cycle.” Centurion Update Due to rapid continued progress at the Centurion Mine, the company now expects longwall operations to commence earlier than previously guided, with startup anticipated in February 2026. This accelerated timeline reflects effective execution and may have favorable implications for the mine’s sales targets. The mine has hired 260 employees of its planned headcount of 400, and intends to start installing longwall shields in November. Acquisition Update 3 Four full months have passed since the ignition incident at Anglo American’s Moranbah North Mine, with still no credible timetable on resumption of sustainable longwall production. Peabody’s understanding of conditions underground, along with the continued passage of time, has further confirmed that a Material Adverse Change (MAC) has occurred under the related purchase agreements. Peabody has not reached a revised agreement with the seller and intends to provide a further update on August 19th, after the 90-day MAC cure period has expired. Outlook “Looking ahead, we are pleased to increase our full-year volume guidance for Powder River Basin and Seaborne Thermal coal while reducing our full-year cost targets for three of the four segments,” said Mr. Grech. Third Quarter 2025 Seaborne Thermal • Volume is expected to be 3.9 million tons, including 2.7 million export tons. 0.6 million export tons are priced at approximately $82 per ton, and 1.0 million tons of Newcastle product and 1.1 million tons of high ash product are unpriced. Costs are anticipated to be $45-$50 per ton. Seaborne Metallurgical •