Peabody Energy — Feb 5, 2026 release

“Full operations at Centurion follow years of strategic investment, and investors will now begin to benefit from this premier addition to the portfolio.” Centurion will significantly enhance Peabody’s metallurgical coal platform with an average annual production of 4.7 million tons at estimated costs of $105 per ton (2024 dollars) over a 25-year-plus mine life. The mine benefits from an expanded integrated mine plan of 140 million tons in the coveted Goonyella Middle Seam. Centurion is targeted to deliver 3.5 million tons in 2026, ramping to its targeted 4.7‑million‑ton annual run rate by 2028. Centurion’s product quality and proximity to key demand nodes in Asia results in full benchmark premium hard coking coal pricing. Peabody’s segment‑wide metallurgical coal realizations are expected to improve meaningfully from approximately 70 percent of benchmark in 2025 to 80 percent in 2026, with the potential to exceed that level as Centurion reaches full scale. The company now assesses Centurion’s net present value at $2.1 billion at $225 per tonne benchmark pricing, an increase of more than 30 percent over the estimate of late 2024. Rare Earth Elements and Critical Mineral Advancement Peabody continues to pursue rare earth element (REE) and critical mineral (CM) opportunities from “unconventional” deposits, with substantial testing primarily at its Powder River Basin operations. In addition to the standard array of light rare earth elements, current assessments indicate that the company’s large volumes of selec