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Item 1. Financial Statements

2025-11-07 compared with 2025-08-07 · 161 added, 172 removed, 686 unchanged (33% of the section changed)

2 unchanged sentences

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

7 unchanged sentences

Restructuring charges 4.0 1.9 9.2 2.1

Transaction costs related to business combinations 18.8 — 21.2 —

Costs related to terminated acquisition 54.0 — 75.2 —

Other operating (income) loss:

23 unchanged sentences

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

11 unchanged sentences

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

(Amounts in millions, except per share data)

1 unchanged sentence

Cash and cash equivalents $ 603.3 $ 700.4

Accounts receivable, net of allowance for credit losses of $ 0.0 at June 30, 2025 and December 31, 2024

Accounts receivable, net of allowance for credit losses of $ 0.0 at September 30, 2025 and December 31, 2024

Inventories, net 405.2 393.4

20 unchanged sentences

Preferred Stock — $ 0.01 per share par value;

100.0 shares authorized, no shares issued or outstanding as of June 30, 2025 and December 31, 2024

100.0 shares authorized, no shares issued or outstanding as of September 30, 2025 and December 31, 2024

Series Common Stock — $ 0.01 per share par value;

50.0 shares authorized, no shares issued or outstanding as of June 30, 2025 and December 31, 2024

50.0 shares authorized, no shares issued or outstanding as of September 30, 2025 and December 31, 2024

Common Stock — $ 0.01 per share par value;

450.0 shares authorized, 189.3 shares issued and 121.6 shares outstanding as of June 30, 2025 and 189.1 shares issued and 121.4 shares outstanding as of December 31, 2024

450.0 shares authorized, 189.3 shares issued and 121.6 shares outstanding as of September 30, 2025 and 189.1 shares issued and 121.4 shares outstanding as of December 31, 2024

Additional paid-in capital 3,999.7 3,990.5

Treasury stock, at cost — 67.7 common shares as of June 30, 2025 and December 31, 2024

Treasury stock, at cost — 67.7 common shares as of September 30, 2025 and December 31, 2024

( 1,927.3 ) ( 1,926.5 )

8 unchanged sentences

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended June 30,

Nine Months Ended September 30,

(Dollars in millions)

Cash Flows From Operating Activities

Net income $ 12.0 $ 254.2

Net (loss) income $ ( 54.9 ) $ 365.7

Loss from discontinued operations, net of income taxes 1.0 3.3

Income from continuing operations, net of income taxes 12.7 256.5

Adjustments to reconcile income from continuing operations, net of income taxes to net cash provided by operating activities:

(Loss) income from continuing operations, net of income taxes ( 53.9 ) 369.0

Adjustments to reconcile (loss) income from continuing operations, net of income taxes to net cash provided by operating activities:

Depreciation, depletion and amortization 285.5 247.4

6 unchanged sentences

Shoal Creek insurance recovery — ( 16.6 )

Unrealized (gains) losses on foreign currency option contracts ( 8.4 ) 3.3

Unrealized gains on foreign currency option contracts ( 6.1 ) ( 0.4 )

Changes in current assets and liabilities:

13 unchanged sentences

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - (Continued)

Six Months Ended June 30,

Nine Months Ended September 30,

(Dollars in millions)

4 unchanged sentences

Insurance proceeds attributable to Shoal Creek equipment losses — 10.9

Returned deposit related to terminated acquisition 29.0 —

Proceeds from disposal of assets, net of receivables 16.6 16.1

5 unchanged sentences

Repayments of long-term debt ( 9.9 ) ( 7.2 )

Repayment of loan note related to terminated acquisition ( 9.3 ) —

Payment of debt issuance and other deferred financing costs ( 1.8 ) ( 11.1 )

21 unchanged sentences

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

46 unchanged sentences

Balance sheet information presented herein as of December 31, 2024 has been derived from the Company’s audited consolidated balance sheet at that date.

The Company’s results of operations for the three and six months ended June 30, 2025 are not necessarily indicative of the results that may be expected for future quarters or for the year ending December 31, 2025.

The Company’s consolidated results of operations for the three and nine months ended September 30, 2025 are not necessarily indicative of the results that may be expected for future quarters or for the year ending December 31, 2025.

(2) Newly Adopted Accounting Standards and Accounting Standards Not Yet Implemented

30 unchanged sentences

With respect to its seaborne reportable segments, the Company classifies as “Export” certain revenue from domestically-delivered coal under contracts in which the price is derived on a basis similar to export contracts.

Three Months Ended June 30, 2025

Three Months Ended September 30, 2025

Seaborne Thermal Seaborne Metallurgical Powder River Basin Other U.S.

9 unchanged sentences

Revenue $ 242.7 $ 258.9 $ 301.4 $ 192.0 $ 17.1 $ 1,012.1

Three Months Ended June 30, 2024

Three Months Ended September 30, 2024

Seaborne Thermal Seaborne Metallurgical Powder River Basin Other U.S.

9 unchanged sentences

Revenue $ 313.2 $ 242.5 $ 305.3 $ 216.7 $ 10.3 $ 1,088.0

Six Months Ended June 30, 2025

Nine Months Ended September 30, 2025

Seaborne Thermal Seaborne Metallurgical Powder River Basin Other U.S.

11 unchanged sentences

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Six Months Ended June 30, 2024

Nine Months Ended September 30, 2024

Seaborne Thermal Seaborne Metallurgical Powder River Basin Other U.S.

10 unchanged sentences

(1) Corporate and Other includes the following:

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

4 unchanged sentences

Total Corporate and Other $ 17.1 $ 10.3 $ 36.6 $ 33.6

(2) Includes revenue recognized upon the physical sale of coal purchased from the Company’s operating segments and sold to customers through the Company’s coal trading business.

Primarily represents the difference between the price contracted with the customer and the price allocated to the operating segment.

(2) Includes revenue recognized upon the physical sale of coal purchased from the Company’s reportable segments and sold to customers through the Company’s coal trading business.

Primarily represents the difference between the price contracted with the customer and the price allocated to the reportable segment.

Accounts Receivable

“Accounts receivable, net” at June 30, 2025 and December 31, 2024 consisted of the following:

June 30, 2025 December 31, 2024

“Accounts receivable, net” at September 30, 2025 and December 31, 2024 consisted of the following:

September 30, 2025 December 31, 2024

(Dollars in millions)

2 unchanged sentences

Accounts receivable, net $ 307.2 $ 359.3

None of the above receivables included allowances for credit losses at June 30, 2025 or December 31, 2024.

No charges for credit losses were recognized during the three and six months ended June 30, 2025 or 2024.

None of the above receivables included allowances for credit losses at September 30, 2025 or December 31, 2024.

No charges for credit losses were recognized during the three and nine months ended September 30, 2025 or 2024.

(4) Inventories

“Inventories, net” as of June 30, 2025 and December 31, 2024 consisted of the following:

June 30, 2025 December 31, 2024

“Inventories, net” as of September 30, 2025 and December 31, 2024 consisted of the following:

September 30, 2025 December 31, 2024

(Dollars in millions)

3 unchanged sentences

Inventories, net $ 405.2 $ 393.4

Materials and supplies inventories, net presented above have been shown net of reserves of $ 2.4 million and $ 3.5 million as of June 30, 2025 and December 31, 2024, respectively.

Materials and supplies inventories, net presented above have been shown net of reserves of $ 3.9 million and $ 3.5 million as of September 30, 2025 and December 31, 2024, respectively.

PEABODY ENERGY CORPORATION

5 unchanged sentences

Loss (Income) from Equity Affiliates

Book Value at Three Months Ended June 30, Six Months Ended June 30,

June 30, 2025 December 31, 2024 2025 2024 2025 2024

Book Value at Three Months Ended September 30, Nine Months Ended September 30,

September 30, 2025 December 31, 2024 2025 2024 2025 2024

(Dollars in millions)

5 unchanged sentences

R3 was formed with the intent of developing various sites, including certain reclaimed mining land held by the Company in the U.S., for utility-scale photovoltaic solar generation and battery storage.

The Company contributed $ 8.4 million to R3 during the six months ended June 30, 2024.

The Company contributed $ 10.8 million to R3 during the nine months ended September 30, 2024.

In November 2024, R3 sold seven projects to an unrelated party and contributed its remaining three projects to a new entity (R3 II).

1 unchanged sentence

R3 used the proceeds from the equity purchase of R3 II to repurchase shares from the other investors of R3, such that Peabody is the only remaining equity holder of R3, which has a 25 % equity interest in R3 II.

The Company contributed $ 0.7 million to R3 II during the nine months ended September 30, 2025.

(6) Derivatives and Fair Value Measurements

7 unchanged sentences

The Company utilizes options and collars to hedge currency risk associated with anticipated Australian dollar operating expenditures.

As of June 30, 2025, the Company held average rate options with an aggregate notional amount of $ 490.0 million Australian dollars to hedge currency risk associated with anticipated Australian dollar operating expenditures over the nine-month period ending March 31, 2026.

As of September 30, 2025, the Company held average rate options with an aggregate notional amount of $ 524.0 million Australian dollars to hedge currency risk associated with anticipated Australian dollar operating expenditures over the nine-month period ending June 30, 2026.

The instruments entitle the Company to receive payment on the notional amount should the quarterly average Australian dollar-to-U.S.

dollar exchange rate exceed amounts ranging from $ 0.67 to $ 0.70 over the nine-month period ending March 31, 2026.

As of June 30, 2025, the Company also held purchased collars with an aggregate notional amount of $ 506.0 million Australian dollars related to anticipated Australian dollar operating expenditures during the nine-month period ending March 31, 2026.

dollar exchange rate exceed amounts ranging from $ 0.67 to $ 0.71 over the nine-month period ending June 30, 2026.

As of September 30, 2025, the Company also held purchased collars with an aggregate notional amount of $ 541.0 million Australian dollars related to anticipated Australian dollar operating expenditures during the nine-month period ending June 30, 2026.

The purchased collars have a floor ranging from approximately $ 0.58 to $ 0.61 and a ceiling ranging from $ 0.68 to $ 0.70 , whereby the Company will incur a loss on the instruments for quarterly average Australian dollar-to-U.S.

dollar exchange rates below the floor and a gain for quarterly average rates above the ceiling.

Derivative Contracts Related to Forecasted Sales

As of June 30, 2025, the Company had no coal derivative contracts related to its forecasted sales.

Historically, such financial contracts have included futures and forwards.

Financial Trading Contracts

On a limited basis, the Company may enter coal or freight derivative contracts for trading purposes.

Such financial contracts may include futures, forwards and options.

The Company held no financial trading contracts as of June 30, 2025.

Tabular Derivatives Disclosures

2 unchanged sentences

For classification purposes, the Company records the net fair value of all the positions with a given counterparty as a net asset or liability in the condensed consolidated balance sheets.

As of June 30, 2025, the Company had an asset derivative comprised of foreign currency option contracts with a fair value of $ 5.2 million.

As of September 30, 2025, the Company had an asset derivative comprised of foreign currency option contracts with a fair value of $ 2.9 million.

As of December 31, 2024, the Company had a liability derivative comprised of foreign currency option contracts with a fair value of $ 3.6 million.

2 unchanged sentences

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Currently, the Company does not seek cash flow hedge accounting treatment for its derivative financial instruments and, thus, changes in fair value are reflected in current earnings.

The Company does not seek cash flow hedge accounting treatment for its derivative financial instruments and, thus, changes in fair value are reflected in current earnings.

The tables below show the amounts of pretax gains and losses related to the Company’s derivatives and their classification within the accompanying unaudited condensed consolidated statements of operations.

Three Months Ended June 30, 2025

Total gain recognized in income Loss realized in income on derivatives Unrealized gain recognized in income on derivatives

Three Months Ended September 30, 2025

Total loss recognized in income Loss realized in income on derivatives Unrealized loss recognized in income on derivatives

Derivative Instrument Classification

2 unchanged sentences

Total $ ( 2.9 ) $ ( 0.6 ) $ ( 2.3 )

Three Months Ended June 30, 2024

Three Months Ended September 30, 2024

Total gain recognized in income Loss realized in income on derivatives Unrealized gain recognized in income on derivatives

3 unchanged sentences

Total $ 3.6 $ ( 0.1 ) $ 3.7

Six Months Ended June 30, 2025

Nine Months Ended September 30, 2025

Total gain recognized in income Loss realized in income on derivatives Unrealized gain recognized in income on derivatives

3 unchanged sentences

Total $ 4.3 $ ( 1.8 ) $ 6.1

Six Months Ended June 30, 2024

Total loss recognized in income Loss realized in income on derivatives Unrealized loss recognized in income on derivatives

Nine Months Ended September 30, 2024

Total loss recognized in income Loss realized in income on derivatives Unrealized gain recognized in income on derivatives

Derivative Instrument Classification

12 unchanged sentences

The following tables set forth the hierarchy of the Company’s net asset (liability) positions for which fair value is measured on a recurring basis.

June 30, 2025

September 30, 2025

Level 1 Level 2 Level 3 Total

14 unchanged sentences

Other Financial Instruments .

The following methods and assumptions were used by the Company in estimating fair values for other financial instruments as of June 30, 2025 and December 31, 2024:

The following methods and assumptions were used by the Company in estimating fair values for other financial instruments as of September 30, 2025 and December 31, 2024:

• Cash and cash equivalents, restricted cash, accounts receivable, including those within the Company’s accounts receivable securitization program, notes receivable and accounts payable have carrying values which approximate fair value due to the short maturity or the liquid nature of these instruments.

2 unchanged sentences

The fair value of debt, shown below, is principally based on reported market values and estimates based on interest rates, maturities, credit risk, underlying collateral and completed market transactions.

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

(Dollars in millions)

3 unchanged sentences

Estimated fair value $ 501.1 $ 438.0

The Company had no transfers between Levels 1, 2 and 3 during the three and six months ended June 30, 2025 and 2024.

The Company had no transfers between Levels 1, 2 and 3 during the three and nine months ended September 30, 2025 and 2024.

The Company’s policy is to value all transfers between levels using the beginning of period valuation.

2 unchanged sentences

(7) Property, Plant, Equipment and Mine Development

The composition of property, plant, equipment and mine development, net, as of June 30, 2025 and December 31, 2024 is set forth in the table below:

June 30, 2025 December 31, 2024

The composition of property, plant, equipment and mine development, net, as of September 30, 2025 and December 31, 2024 is set forth in the table below:

September 30, 2025 December 31, 2024

(Dollars in millions)

5 unchanged sentences

At-Risk Assets

The Company identified certain assets with an aggregate carrying value of approximately $ 71 million at June 30, 2025 in its Other U.S.

The Company identified certain assets with an aggregate carrying value of approximately $ 68 million at September 30, 2025 in its Other U.S.

Thermal segment whose recoverability is most sensitive to customer concentration risk.

(8) Income Taxes

The Company's effective tax rate before remeasurement for the six months ended June 30, 2025 is based on the Company’s estimated full year effective tax rate, comprised of expected statutory tax provision, offset by foreign rate differential and changes in valuation allowance.

The Company’s income tax benefit of $ 2.7 million and income tax provision of $ 39.4 million for the three months ended June 30, 2025 and 2024, respectively, included tax provisions of $ 1.4 million and $ 1.9 million, respectively, related to the remeasurement of foreign income tax accounts.

The Company’s income tax provisions of $ 2.2 million and $ 59.5 million for the six months ended June 30, 2025 and 2024, respectively, included a tax provision of $ 1.9 million and a tax benefit of $ 3.9 million, respectively, related to the remeasurement of foreign income tax accounts.

Due to existing valuation allowances, the income tax expense will primarily be related to the Australian income.

The Company's effective tax rate before remeasurement for the nine months ended September 30, 2025 is based on the Company’s estimated full year effective tax rate, comprised of expected statutory tax provision, offset by foreign rate differential and changes in valuation allowance.

The Company’s income tax benefit of $ 3.4 million and income tax provision of $ 25.7 million for the three months ended September 30, 2025 and 2024, respectively, included tax provisions of $ 0.4 million and $ 1.0 million, respectively, related to the remeasurement of foreign income tax accounts.

The Company’s income tax benefit of $ 1.2 million and income tax provision of $ 85.2 million for the nine months ended September 30, 2025 and 2024, respectively, included a tax provision of $ 2.3 million and a tax benefit of $ 2.9 million, respectively, related to the remeasurement of foreign income tax accounts.

Due to existing valuation allowances, the income tax expense is primarily related to the Australian income.

(9) Long-term Debt

The Company’s total indebtedness as of June 30, 2025 and December 31, 2024 consisted of the following:

Debt Instrument (defined below, as applicable) June 30, 2025 December 31, 2024

The Company’s total indebtedness as of September 30, 2025 and December 31, 2024 consisted of the following:

Debt Instrument (defined below, as applicable) September 30, 2025 December 31, 2024

(Dollars in millions)

11 unchanged sentences

The Company capitalized $ 11.2 million of debt issuance costs related to the offering, which are being amortized over the terms of the notes.

The 2028 Convertible Notes will mature on March 1, 2028, unless earlier converted, redeemed or repurchased in accordance with their terms.

The 2028 Convertible Notes bear interest at a rate of 3.250 % per year, payable semi-annually in arrears on March 1 and September 1 of each year.

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The 2028 Convertible Notes will mature on March 1, 2028, unless earlier converted, redeemed or repurchased in accordance with their terms.

The 2028 Convertible Notes bear interest at a rate of 3.250 % per year, payable semi-annually in arrears on March 1 and September 1 of each year.

The initial conversion rate for the 2028 Convertible Notes was 50.3816 shares of the Company’s common stock per $ 1,000 principal amount of 2028 Convertible Notes, which represented an initial conversion price of approximately $ 19.85 per share of the Company’s common stock.

1 unchanged sentence

Effective February 19, 2025, the conversion rate was increased to 51.7762 shares of the Company’s common stock per $ 1,000 principal amount of 2028 Convertible Notes, which represented an adjusted conversion price of approximately $ 19.31 per share.

Under the applicable conversion rate formula, the $ 0.075 per share dividend declared on May 6, 2025 and paid on June 4, 2025 yielded a revised conversion rate of 52.0421 shares per $ 1,000 principal amount of 2028 Convertible Notes, which did not meet the 1 % threshold to impact the existing conversion rate of 51.7762 .

Under the applicable conversion rate formula, the cumulative $ 0.150 per share dividends declared and paid since the prior conversion rate adjustment yielded a revised conversion rate of 52.2561 shares per $ 1,000 principal amount of 2028 Convertible Notes, which did not meet the 1 % threshold to impact the existing conversion rate of 51.7762 .

The conversion rate may be impacted prospectively, based upon cumulative dividends paid.

The conversion rate is also subject to further adjustment under certain circumstances in accordance with the terms of the indenture.

During the second quarter of 2025, the Company’s reported common stock prices did not prompt the conversion feature of the 2028 Convertible Notes.

As a result, the 2028 Convertible Notes will not be convertible during the third quarter of 2025.

As of June 30, 2025, the if-converted value of the 2028 Convertible Notes did not exceed the principal amount.

During the third quarter of 2025, the Company’s reported common stock prices did not prompt the conversion feature of the 2028 Convertible Notes.

As a result, the 2028 Convertible Notes will not be convertible during the fourth quarter of 2025.

As of September 30, 2025, the if-converted value of the 2028 Convertible Notes exceeded the principal amount by $ 123.5 million.

Revolving Credit Facility

5 unchanged sentences

Unused capacity under the 2024 Credit Agreement bears a commitment fee of 0.50 % per annum.

On November 25, 2024, the Company amended the 2024 Credit Agreement to, among other things, permit (i) Peabody’s planned acquisition of multiple coal mines from Anglo American plc (Anglo) as further discussed in Note 11.

“Other Events,” (ii) the related bridge loan facility and (iii) the incurrence of additional indebtedness to finance the acquisition, subject to compliance with certain pro forma financial covenants.

On November 25, 2024, the Company amended the 2024 Credit Agreement to, among other things, permit (i) Peabody’s then-planned acquisition of multiple coal mines from Anglo American plc (Anglo), (ii) the related bridge loan facility and (iii) the incurrence of additional indebtedness to finance the acquisition, subject to compliance with certain pro forma financial covenants.

The Company paid aggregate deferred financing costs of $ 0.9 million as part of the amendment.

As of June 30, 2025, the 2024 Credit Agreement had only been utilized for letters of credit, including $ 49.3 million outstanding as of June 30, 2025.

As further discussed in Note 14.

“Commitments and Contingencies,” Peabody terminated the acquisition with Anglo on August 19, 2025.

As of September 30, 2025, the 2024 Credit Agreement had only been utilized for letters of credit, including $ 49.3 million outstanding as of September 30, 2025.

These letters of credit support the Company’s reclamation bonding requirements, lease obligations, insurance policies and various other performance guarantees as further described in Note 13.

“Financial Instruments and Other Guarantees.” Availability under the 2024 Credit Agreement was $ 270.7 million at June 30, 2025.

“Financial Instruments and Other Guarantees.” Availability under the 2024 Credit Agreement was $ 270.7 million at September 30, 2025.

The 2024 Credit Agreement contains customary covenants that, among other things and subject to certain exceptions (including compliance with financial ratios), may limit the Company and its subsidiaries’ ability to incur additional indebtedness, make certain restricted payments or investments, sell or otherwise dispose of assets, enter into transactions with affiliates, create or incur liens, and merge, consolidate or sell all or substantially all of their assets.

4 unchanged sentences

BUMA Loan Note

The Company has agreed to, following the closing of the Anglo acquisition, sell a portion of the assets (the Dawson Assets) to Pt Bukit Makmur Mandiri Utama or one of its subsidiaries (BUMA).

Accordingly, on November 25, 2024, concurrent with its entry into the purchase agreements for the Anglo acquisition, the Company entered into a loan note deed with BUMA pursuant to which BUMA will lend to the Company the funds required to purchase the Dawson Assets under the Anglo acquisition purchase agreements and fund certain other obligations in relation to the Dawson Assets (the BUMA Loan Note).

The Company received $ 9.3 million in BUMA Loan Note proceeds during the year ended December 31, 2024 to fund a portion of the deposit to Anglo for the planned acquisition.

The BUMA Loan Note bears interest at a coupon rate of 10 % per year.

During the six months ended June 30, 2025, the Company capitalized $ 0.5 million interest expense to the BUMA Loan Note principal balance in accordance with the terms of the loan note deed.

The Company had agreed to, following the closing of the then-planned Anglo acquisition, sell a portion of the assets (the Dawson Assets) to Pt Bukit Makmur Mandiri Utama or one of its subsidiaries (BUMA).

Accordingly, on November 25, 2024, concurrent with its entry into the purchase agreements for the Anglo acquisition, the Company entered into a loan note deed with BUMA pursuant to which BUMA would lend to the Company the funds required to purchase the Dawson Assets under the Anglo acquisition purchase agreements and fund certain other obligations in relation to the Dawson Assets (the BUMA Loan Note).

The Company received $ 9.3 million in BUMA Loan Note proceeds during the year ended December 31, 2024 to fund a portion of the deposit to Anglo for the then-planned acquisition.

Concurrent with the August 19, 2025 termination of the Anglo acquisition, the Company terminated the agreement for the related sale of the Dawson Assets to BUMA and returned the $ 9.3 million of proceeds during the three months ended September 30, 2025.

Refer to Note 14.

“Other Events” for additional information associated with the Anglo acquisition.

“Commitments and Contingencies” for additional information associated with the Anglo acquisition.

Bridge Loan Facility

Concurrently with its entry into definitive agreements to acquire the Anglo assets, the Company entered into a bridge loan facility commitment letter (the Bridge Commitment Letter, and the senior secured 364-day bridge facility provided for therein, the Bridge Facility), pursuant to which the lenders agreed to provide the Bridge Facility to the Company in the amount of up to $ 2.075 billion in order to finance the planned acquisition in part.

The Company expects to replace the Bridge Facility with permanent financing prior to the closing date, but there can be no assurance such financing will occur and any such expectation is subject to market conditions.

During the three months ended June 30, 2025, the Company paid a $ 10.4 million duration fee on the Bridge Facility.

To the extent borrowings are made under the Bridge Facility, any loans would bear interest at a SOFR plus an applicable margin of 8.00 % or a base rate plus an applicable margin of 7.00 %, at the Company’s option.

Such applicable margin would increase by an additional 0.75 % on the date that is 90 days following the closing date of the planned acquisition.

Any borrowings under the Bridge Facility would mature 364 days from the initial funding date, which would be on or around the closing date of the planned acquisition.

The availability of borrowings under the Bridge Facility is subject to the satisfaction of certain customary conditions for transactions of this type.

Any definitive financing documentation for the Bridge Facility will contain customary representations and warranties, covenants and events of defaults for transactions of this type.

Upon execution of any definitive financing documentation for the Bridge Facility, the Bridge Facility will be guaranteed by substantially all U.S.

subsidiaries of the Company and secured by substantially all assets of the Company, its U.S.

subsidiaries and, subject to certain conditions, certain of the Company’s Australian subsidiaries.

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Concurrently with its entry into definitive agreements to acquire the Anglo assets, the Company entered into a bridge loan facility commitment letter (the Bridge Commitment Letter, and the senior secured 364-day bridge facility provided for therein, the Bridge Facility), pursuant to which the lenders agreed to provide the Bridge Facility to the Company in order to finance the then-planned acquisition in part.

The Bridge Facility was terminated on August 19, 2025.

During the three and nine months ended September 30, 2025, the Company paid commitment and duration fees on the Bridge Facility of $ 36.3 million and $ 46.7 million, respectively, which are included in “Costs related to terminated acquisition” in the unaudited condensed consolidated statements of operations.

Interest Charges

1 unchanged sentence

Additionally, the table sets forth the amount of cash paid for interest, net of capitalized interest and the amount of non-cash interest expense primarily related to the amortization of debt issuance costs.

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

1 unchanged sentence

2028 Convertible Notes $ 2.6 $ 2.6 $ 7.8 $ 7.8

Finance lease obligations 0.3 0.5 0.7 0.9

Financial assurance instruments 6.2 5.8 19.8 20.7

1 unchanged sentence

Receivables securitization program 0.6 0.5 1.8 1.9

Finance lease obligations 0.4 0.4 1.1 1.3

Capitalized interest ( 2.0 ) ( 2.7 ) ( 5.9 ) ( 4.4 )

4 unchanged sentences

Covenant Compliance

The Company was compliant with all relevant covenants under its debt and other finance agreements at June 30, 2025.

The Company was compliant with all relevant covenants under its debt and other finance agreements at September 30, 2025.

(10) Pension and Postretirement Benefit Costs

The components of net periodic pension, postretirement benefit and workers’ compensation costs, excluding the service cost for benefits earned, are included in “Net periodic benefit credit, excluding service cost” in the unaudited condensed consolidated statements of operations.

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The Company sponsors a qualified pension plan.

1 unchanged sentence

Funding decisions also consider certain funded status thresholds defined by the Pension Protection Act of 2006.

As of June 30, 2025, the qualified plan was expected to be at or above the Pension Protection Act thresholds.

As of September 30, 2025, the qualified plan was expected to be at or above the Pension Protection Act thresholds.

The Company is not required to make any cash contributions to the qualified plan in 2025 based on minimum funding requirements.

During the six months ended June 30, 2025, the Company made a discretionary cash contribution of $ 5.0 million to the qualified plan which allowed for termination of the Company’s agreement with the PBGC and resulted in the release of a $ 37.0 million letter of credit that had been maintained in favor of the PBGC.

During the nine months ended September 30, 2025, the Company made a discretionary cash contribution of $ 5.0 million to the qualified plan which allowed for termination of the Company’s agreement with the PBGC and resulted in the release of a $ 37.0 million letter of credit that had been maintained in favor of the PBGC.

Net periodic postretirement benefit credit included the following components:

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

5 unchanged sentences

Net periodic postretirement benefit credit $ ( 8.3 ) $ ( 11.0 ) $ ( 24.8 ) $ ( 32.9 )

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The Company has established a Voluntary Employees’ Beneficiary Association (VEBA) trust to pre-fund a portion of benefits for non-represented retirees.

1 unchanged sentence

(11) Other Events

Planned Anglo American Acquisition

On November 25, 2024, Peabody entered into definitive agreements (the Purchase Agreements), to acquire from Anglo a portion of the assets and businesses associated with Anglo’s metallurgical coal portfolio in Australia, including Anglo’s interests in the Moranbah North and Grosvenor mines, the Moranbah South development project, the Capcoal complex, the Roper Creek mine and the Dawson complex (comprising the Dawson Main/Central operating mine, the Dawson South operating mine, the Dawson South Exploration project and the Theodore South exploration project, collectively, the Dawson Assets).

The Company has agreed to, following the prospective closing of the Anglo acquisition, sell the Dawson Assets to BUMA.

The Purchase Agreements required Peabody to acquire the balance, or a portion thereof, of the remaining interest in the Moranbah North and Grosvenor mines upon receipt of a tag-along notice from any joint venture participant (the Tag-Along Notice).

On January 15, 2025, Peabody received a Tag-Along Notice pursuant to which Peabody acquired an additional 0.5 % interest in the Moranbah North and Grosvenor mines for consideration of up to approximately $ 13 million.

The Purchase Agreements, as adjusted for the receipt of the Tag-Along Notice, contemplate an upfront cash payment of $ 2.058 billion, including a deposit of $ 75.0 million paid to Anglo upon execution of the Purchase Agreements, and fixed deferred cash payments totaling $ 726.0 million that will be payable in annual installments over a four-year period commencing on the first anniversary of the closing date of the acquisition, and additional contingent cash payments capped at $ 1.004 billion, comprised of (a) royalty payments contingent on the price of coal exceeding agreed-upon thresholds for each of the five years following the closing date of the acquisition and (b) payments contingent on the potential restart of the Grosvenor mine.

The total consideration for the acquisition would be up to approximately $ 3.788 billion if the maximum amounts under the contingencies described above become payable.

On May 5, 2025, Peabody announced that it had notified Anglo and BUMA of a Material Adverse Change (MAC) impacting Peabody’s planned acquisition, due to issues involving the Moranbah North Mine, which remains inactive following what was described as a gas ignition event on March 31, 2025.

As of July 31, 2025, no credible timetable has been given regarding resumption of sustainable longwall production.

Peabody’s understanding of the conditions underground, along with the continued passage of time, has further confirmed that a MAC has occurred under the Purchase Agreements.

Peabody has not reached a revised agreement with the seller and intends to provide a further update after the 90-day MAC cure period has expired.

Wards Well Acquisition

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On June 20, 2023, the Company announced that the Shoal Creek Mine, in coordination with the Mine Safety and Health Administration, had safely completed localized sealing of the affected area of the mine.

In October 2023, the Company filed an insurance claim against applicable insurance policies with combined business interruption and property loss limits of $ 125 million above a $ 50 million deductible.

During June 2024, the Company reached a settlement and recognized a $ 109.5 million insurance recovery, which the Company included in its results of operations during the nine months ended September 30, 2024.

The Company collected $ 103.8 million of the insurance recovery during the nine months ended September 30, 2024, and classified $ 10.9 million of the recovery within the “Cash Flows From Investing Activities” section of the unaudited condensed consolidated statements of cash flows since this portion of the recovery related to equipment damage for which the Company previously recognized a provision for loss.

The remaining $ 5.7 million of the insurance recovery was subsequently collected in October 2024.

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

During June 2024, the Company reached a settlement and recognized a $ 109.5 million insurance recovery, which the Company included in its results of operations for the three and six months ended June 30, 2024.

During the six months ended June 30, 2024, the Company collected $ 5.6 million of the insurance recovery.

Since this portion of the recovery related to equipment damage for which the Company previously recognized a provision for loss, the Company classified the amount within the “Cash Flows From Investing Activities” section of the unaudited condensed consolidated statements of cash flows.

(12) Earnings per Share (EPS)

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In periods where the potentially dilutive common stock is included in the computation of diluted EPS, the numerator will be adjusted to add back tax adjusted interest expense, which includes the amortization of debt issuance costs, related to the convertible debt.

The computation of diluted EPS excluded 16.6 million and 16.5 million shares related to the 2028 Convertible Notes for the three and six months ended June 30, 2025, respectively, because their inclusion would have been anti-dilutive for those periods.

The computation of diluted EPS also excluded aggregate share-based compensation awards of 1.1 million and less than 0.1 million for the three months ended June 30, 2025 and 2024, respectively, and 0.3 million and less than 0.1 million for the six months ended June 30, 2025 and 2024, respectively, because to do so would have been anti-dilutive for those periods.

The computation of diluted EPS excluded 16.6 million and 16.5 million shares related to the 2028 Convertible Notes for the three and nine months ended September 30, 2025, respectively, because their inclusion would have been anti-dilutive for those periods.

The computation of diluted EPS also excluded aggregate share-based compensation awards of 0.8 million and 1.0 million for the three and nine months ended September 30, 2025, respectively, and less than 0.1 million for both the three and nine months ended September 30, 2024 because to do so would have been anti-dilutive for those periods.

Because the potential dilutive impact of such share-based compensation awards is calculated under the treasury stock method, anti-dilution generally occurs when the exercise prices or unrecognized compensation cost per share of such awards are higher than the Company’s average stock price during the applicable period.

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The following illustrates the earnings allocation method utilized in the calculation of basic and diluted EPS.

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

35 unchanged sentences

The following table summarizes the Company’s financial instruments that carry off-balance-sheet risk.

June 30, 2025

September 30, 2025

Reclamation Support Other Support (1)

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In order to maintain the maximum collateral agreement, the Company must remain compliant with a minimum liquidity test and a maximum net leverage ratio, as measured each quarter.

The minimum liquidity test requires the Company to maintain liquidity at the greater of $ 400 million or the difference between the penal sum of all surety bonds and the amount of collateral posted in favor of surety providers, which was $ 494.4 million at June 30, 2025.

The Company must also maintain a maximum net leverage ratio of 1.5 to 1.0 , where the numerator consists of its funded debt, net of cash, and the denominator consists of its Adjusted EBITDA for the trailing twelve months.

1 unchanged sentence

The Company’s ability to pay dividends and make share repurchases is also subject to the quarterly minimum liquidity test.

The Company is in compliance with such requirements at June 30, 2025.

At June 30, 2025, the Company’s maximum aggregate collateral amount was $ 519.6 million , which was comprised of $ 392.7 million in trust accounts and letters of credit of $ 126.9 million held for the benefit of certain surety providers.

The Company is in compliance with such requirements at September 30, 2025.

At September 30, 2025, the Company’s maximum aggregate collateral amount was $ 519.2 million , which was comprised of $ 392.8 million in trust accounts and letters of credit of $ 126.4 million held for the benefit of certain surety providers.

Accounts Receivable Securitization

4 unchanged sentences

The accounts receivable securitization program was amended in January 2025 to extend its maturity to January 2028.

During the six months ended June 30, 2025, the Company capitalized $ 1.7 million of debt issuance costs related to the amendment.

During the nine months ended September 30, 2025, the Company capitalized $ 1.8 million of debt issuance costs related to the amendment.

Borrowings under the Securitization Program bear interest at SOFR plus 2.1 % per annum and remain outstanding throughout the term of the agreement, subject to the Company maintaining sufficient eligible receivables.

At June 30, 2025, the Company had no outstanding borrowings and $ 58.6 million of letters of credit outstanding under the Securitization Program.

Availability under the Securitization Program, which is adjusted for certain ineligible receivables, was $ 102.3 million at June 30, 2025.

The Company was not required to post cash collateral under the Securitization Program at June 30, 2025.

The Company incurred interest and fees associated with the Securitization Program of $ 0.6 million during both the three months ended June 30, 2025 and 2024, and $ 1.2 million and $ 1.4 million during the six months ended June 30, 2025 and 2024, respectively, which have been recorded as “Interest expense, net of capitalized interest” in the accompanying unaudited condensed consolidated statements of operations.

At September 30, 2025, the Company had no outstanding borrowings and $ 62.5 million of letters of credit outstanding under the Securitization Program.

Availability under the Securitization Program, which is adjusted for certain ineligible receivables, was $ 77.2 million at September 30, 2025.

The Company was not required to post cash collateral under the Securitization Program at September 30, 2025.

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The Company incurred interest and fees associated with the Securitization Program of $ 0.6 million and $ 0.5 million during the three months ended September 30, 2025 and 2024, respectively, and $ 1.8 million and $ 1.9 million during the nine months ended September 30, 2025 and 2024, respectively, which have been recorded as “Interest expense, net of capitalized interest” in the accompanying unaudited condensed consolidated statements of operations.

Credit Support Facilities

In February 2022, the Company entered into an agreement which provides up to $ 250.0 million of capacity for irrevocable standby letters of credit, primarily to support reclamation bonding requirements.

The agreement requires the Company to provide cash collateral at a level of 103 % of the aggregate amount of letters of credit outstanding under the arrangement (limited to $ 5.0 million total excess collateralization).

The initial agreement required the Company to provide cash collateral at a level of 103 % of the aggregate amount of letters of credit outstanding under the arrangement (limited to $ 5.0 million total excess collateralization).

Outstanding letters of credit bear a fixed fee in the amount of 0.75 % per annum.

The Company receives a variable deposit rate on the amount of cash collateral posted in support of letters of credit.

The agreement has an initial expiration date of December 31, 2025.

At June 30, 2025, letters of credit of $ 115.6 million were outstanding under the agreement, which were collateralized by cash of $ 119.1 million.

At September 30, 2025, letters of credit of $ 115.6 million were outstanding under the agreement, which were collateralized by cash of $ 119.1 million.

The agreement was amended on November 3, 2025, to (i) extend the expiration date to December 31, 2030 and (ii) change the required minimum cash collateral amount to 102 % of the aggregate amount of letters of credit outstanding under the agreement, provided that in the event the Company’s credit rating falls below certain thresholds, the minimum collateral amount shall increase to 103 %.

In December 2023, the Company established cash-backed bank guarantee facilities, primarily to support Australian reclamation bonding requirements.

The Company receives a variable deposit rate on the amount of cash collateral posted in support of the bank guarantee facilities, which mature at various dates between 2026 and 2029.

At June 30, 2025, the bank guarantee facilities were backed by cash of $ 202.4 million.

At September 30, 2025, the bank guarantee facilities were backed by cash of $ 205.9 million.

Restricted Cash and Collateral

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Portions of the restricted cash balances and deposits are held in accounts denominated in Australian dollars.

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

(Dollars in millions)

11 unchanged sentences

interest and other earnings on such funds accrue to the Company.

(3) At June 30, 2025, the Australian dollar denominated balances supporting the bank guarantee facilities and the deposits with regulatory authorities were $ 309 million and $ 203 million, respectively.

(3) At September 30, 2025, the Australian dollar denominated balances supporting the bank guarantee facilities and the deposits with regulatory authorities were $ 312 million and $ 201 million, respectively.

At December 31, 2024, the Australian dollar denominated balances supporting the bank guarantee facilities and the deposits with regulatory authorities were $ 271 million and $ 205 million, respectively.

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

(14) Commitments and Contingencies

Unconditional Purchase Obligations

As of June 30, 2025, purchase commitments for capital expenditures were $ 66.8 million, all of which is obligated within the next 12 months.

As of September 30, 2025, purchase commitments for capital expenditures were $ 64.7 million, all of which is obligated within the next 12 months.

There were no other material changes to the Company’s commitments from the information provided in Note 21.

“Commitments and Contingencies” to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Contingencies

3 unchanged sentences

Litigation and Matters Relating to Continuing Operations

Arbitration Relating to Terminated Anglo American Acquisition.

The Company agreed to, following the prospective closing of the Anglo acquisition, sell the Dawson Assets to BUMA.

On August 19, 2025, Peabody terminated the Purchase Agreements.

The termination of the Purchase Agreements followed Peabody’s prior delivery of a notice of a Material Adverse Change (MAC) as a result of an ignition event at the Moranbah North mine on March 31, 2025, which had led to the closure of the mine.

Following Peabody’s termination of the Purchase Agreements, Anglo returned $ 29.0 million of the $ 75.0 million deposit previously paid by Peabody, and Peabody has demanded the outstanding portion of the deposit also be returned.

On September 23, 2025, various subsidiaries of Anglo initiated International Chamber of Commerce arbitration proceedings in London, United Kingdom, against Peabody and certain of its affiliates.

Anglo’s complaint alleges, among other things, that Peabody wrongfully terminated the Purchase Agreements and seeks, among other things, declarations that the ignition event at the Moranbah North mine did not constitute a MAC, as well as damages for losses in an unspecified amount, plus costs and interest.

Peabody remains confident that a MAC occurred, and that it was entitled to terminate the Purchase Agreements.

At times, the Company becomes a party to other disputes, including those related to contract miner performance, claims, lawsuits, arbitration proceedings, regulatory investigations and administrative procedures in the ordinary course of business in the U.S., Australia and other countries where the Company does business.

3 unchanged sentences

The Company reports its results of operations primarily through the following reportable segments:

Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.

Thermal and Corporate and Other.

Seaborne Thermal, Seaborne Metallurgical, Powder River Basin and Other U.S.

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The Company’s chief operating decision maker (CODM), defined as the President and Chief Executive Officer, uses Adjusted EBITDA as the primary financial metric to measure each segment’s operating performance against expected results and to allocate resources, including capital investment in mining operations and potential expansions.

Adjusted EBITDA is a non-GAAP financial measure defined as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization.

Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing the segments’ operating performance, as displayed in the reconciliations below.

Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing the reportable segments’ operating performance, as displayed in the reconciliations below.

Management believes this non-GAAP measure is used by investors to measure the Company’s operating performance.

2 unchanged sentences

Segment results were as follows:

Three Months Ended June 30, 2025

Three Months Ended September 30, 2025

Seaborne Thermal Seaborne Metallurgical Powder River Basin Other U.S.

Thermal Corporate

and Other Consolidated

Thermal Segment Totals

(Dollars in millions)

10 unchanged sentences

Additions to property, plant, equipment and mine development 8.2 87.8 11.5 7.7 115.2

Loss from equity affiliates — — — — 0.9 0.9

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Three Months Ended June 30, 2024

Three Months Ended September 30, 2024

Seaborne Thermal Seaborne Metallurgical Powder River Basin Other U.S.

Thermal Corporate

and Other Consolidated

Thermal Segment Totals

(Dollars in millions)

10 unchanged sentences

Additions to property, plant, equipment and mine development 17.4 64.5 9.8 4.9 96.6

Loss from equity affiliates — — — — 1.3 1.3

Six Months Ended June 30, 2025

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Nine Months Ended September 30, 2025

Seaborne Thermal Seaborne Metallurgical Powder River Basin Other U.S.

Thermal Corporate

and Other Consolidated

Thermal Segment Totals

(Dollars in millions)

10 unchanged sentences

Additions to property, plant, equipment and mine development 26.3 213.9 20.9 17.7 278.8

Loss from equity affiliates — — — — 7.6 7.6

PEABODY ENERGY CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Six Months Ended June 30, 2024

Nine Months Ended September 30, 2024

Seaborne Thermal Seaborne Metallurgical Powder River Basin Other U.S.

Thermal Corporate

and Other Consolidated

Thermal Segment Totals

(Dollars in millions)

10 unchanged sentences

Additions to property, plant, equipment and mine development 50.1 179.7 22.3 10.0 262.1

Loss from equity affiliates — — — — 5.0 5.0

(1) Other expenses for the mining operations primarily include lease expense;

1 unchanged sentence

insurance expense;

joint facility charges;

and credits related to the capitalization of costs to the balance sheet.

For the three and six months ended June 30, 2024, the Seaborne Metallurgical segment includes $ 80.8 million related to the portion of the Shoal Creek insurance recovery that was applicable to incremental costs and business interruption recoveries.

Total assets are reflected at the division level only for the Company’s operating segments and are not allocated between each individual segment as such information is not regularly reviewed by the Company’s CODM.

and joint facility charges;

offset by credits related to the capitalization of costs to the consolidated balance sheet.

For the nine months ended September 30, 2024, the Seaborne Metallurgical segment includes $ 80.8 million related to the portion of the Shoal Creek insurance recovery that was applicable to incremental costs and business interruption recoveries.

Total assets are reflected at the division level only for the Company’s reportable segments and are not allocated between each individual segment as such information is not regularly reviewed by the Company’s CODM.

Further, some assets service more than one segment within the division and an allocation of such assets would not be meaningful or representative on a segment by segment basis.

1 unchanged sentence

The following table presents total assets at the division level:

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

(Dollars in millions)

5 unchanged sentences

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

A reconciliation of consolidated (loss) income from continuing operations before income taxes to Adjusted EBITDA follows:

Three Months Ended June 30, Six Months Ended June 30,

A reconciliation of segment totals follows:

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

(Dollars in millions)

(Loss) income from continuing operations before incomes taxes $ ( 28.3 ) $ 250.2 $ 14.9 $ 316.0

Revenue from reportable segments $ 995.0 $ 1,077.7 $ 2,802.6 $ 3,080.0

Reconciling items

Corporate and Other (1)

17.1 10.3 36.6 33.6

Revenue $ 1,012.1 $ 1,088.0 $ 2,839.2 $ 3,113.6

Adjusted EBITDA from reportable segments $ 127.4 $ 227.9 $ 374.8 $ 734.1

Reconciling items

Corporate and Other (1)

( 27.9 ) ( 3.1 ) ( 38.0 ) ( 39.1 )

Depreciation, depletion and amortization ( 100.0 ) ( 84.7 ) ( 285.5 ) ( 247.4 )

1 unchanged sentence

Restructuring charges ( 4.0 ) ( 1.9 ) ( 9.2 ) ( 2.1 )

Transaction costs related to business combinations 18.8 — 21.2 —

Costs related to terminated acquisition ( 54.0 ) — ( 75.2 ) —

Provision for NARM loss — — — ( 3.7 )

3 unchanged sentences

Interest income 13.9 17.7 43.1 53.7

Unrealized (gains) losses on foreign currency option contracts ( 4.1 ) ( 2.4 ) ( 8.4 ) 3.3

Unrealized (losses) gains on foreign currency option contracts ( 2.3 ) 3.7 6.1 0.4

Take-or-pay contract-based intangible recognition 0.3 0.8 0.8 2.3

Total Adjusted EBITDA $ 93.3 $ 309.7 $ 237.3 $ 470.2

(Loss) income from continuing operations before incomes taxes $ ( 70.0 ) $ 138.2 $ ( 55.1 ) $ 454.2

Additions to property, plant, equipment and mine development from reportable segments $ 115.2 $ 96.6 $ 278.8 $ 262.1

Reconciling items

Corporate and Other (1)

1.0 2.1 2.0 3.6

Additions to property, plant, equipment and mine development $ 116.2 $ 98.7 $ 280.8 $ 265.7

(1) The Company’s Corporate and Other operating segment includes selling and administrative expenses, results from equity method investments, trading and brokerage activities, minimum charges on certain transportation-related contracts, the closure of inactive mining sites, the impact of foreign currency remeasurement and certain commercial matters.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements