2 unchanged sentences
Due to a lack of quoted market prices and the long-term, illiquid nature of the positions, the Company has not quantified market price risk related to its non-trading, long-term coal supply agreement portfolio.
−Removed: Peabody Energy Corporation 2024 Form 10-K
−Removed: Tab le of Contents
Coal Trading Activities and Related Commodity Price Risk
6 unchanged sentences
Peabody also monitors other types of risk associated with its coal trading activities, including credit, market liquidity and counterparty nonperformance.
+Added: Peabody Energy Corporation 2025 Form 10-K
Credit and Nonperformance Risk
−Removed: The fair values of Peabody’s derivative instruments utilized for corporate hedging and coal trading activities reflect adjustments for credit risk, as necessary.
The Company’s exposure is substantially with electric utilities, energy marketers, steel producers and nonfinancial trading houses.
4 unchanged sentences
These steps include obtaining letters of credit or cash collateral (margin), requiring prepayments for shipments or the creation of customer trust accounts held for Peabody’s benefit to serve as collateral in the event of a failure to pay or perform.
+Added: The fair values of Peabody’s derivative instruments utilized for corporate hedging and coal trading activities reflect adjustments for credit risk, as necessary.
To reduce its credit exposure related to trading and brokerage activities, Peabody seeks to enter into netting agreements with counterparties that permit it to offset asset and liability positions with such counterparties and, to the extent required, Peabody will post or receive margin amounts associated with exchange-cleared and certain OTC positions.
11 unchanged sentences
Although Peabody believes its Australian dollar monetary asset position acts as a hedge to offset the impact on its results from operations, the Company may continue to use options and collars to hedge its cash flow exposure to currency risk associated with anticipated Australian dollar operating expenditures.
−Removed: Peabody Energy Corporation 2024 Form 10-K
−Removed: Tab le of Contents
Coal Pricing Risk
12 unchanged sentences
Historically, such financial contracts have included futures and forwards.
+Added: Peabody Energy Corporation 2025 Form 10-K
Diesel Fuel Price Risk
14 unchanged sentences
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.