2 unchanged sentences
The Company predominantly manages its commodity price risk for its non-trading, long-term coal contract portfolio through the use of long-term coal supply agreements (those with terms longer than one year) to the extent possible, rather than through the use of derivative instruments.
−Removed: As of September 30, 2025, the Company had approximately 99 million tons of U.S.
+Added: As of March 31, 2026, the Company had approximately 94 million tons of U.S.
thermal coal priced and committed for 2026.
6 unchanged sentences
The Company’s sensitivity to market pricing in thermal coal markets is dependent on the duration of contracts.
−Removed: As of September 30, 2025, the Company had no coal derivative contracts related to its forecasted sales.
+Added: As of March 31, 2026, the Company had no coal derivative contracts related to its forecasted sales.
Historically, such financial contracts have included futures and forwards.
3 unchanged sentences
“Derivatives and Fair Value Measurements” to the accompanying unaudited condensed consolidated financial statements.
−Removed: 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.
−Removed: 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.
+Added: As of March 31, 2026, the Company held average rate options with an aggregate notional amount of $528.0 million Australian dollars to hedge currency risk associated with anticipated Australian dollar operating expenditures over the nine-month period ending December 31, 2026.
+Added: As of March 31, 2026, the Company also held purchased collars with an aggregate notional amount of $539.0 million Australian dollars related to anticipated Australian dollar operating expenditures during the nine-month period ending December 31, 2026.
Assuming the Company had no foreign currency hedging instruments in place, its exposure in operating costs and expenses due to a $0.10 change in the Australian dollar/U.S.
1 unchanged sentence
Based upon the Australian dollar/U.S.
−Removed: dollar exchange rate at September 30, 2025, the currency option contracts outstanding at that date would limit the Company’s exposure to approximately $135 million with respect to a $0.10 increase in the exchange rate, while the Company would benefit by approximately $184 million with respect to a $0.10 decrease in the exchange rate for the next twelve months.
+Added: dollar exchange rate at March 31, 2026, the currency option contracts outstanding at that date would limit the Company’s exposure to approximately $154 million with respect to a $0.10 increase in the exchange rate, while the Company would benefit by approximately $201 million with respect to a $0.10 decrease in the exchange rate for the next twelve months.
Although Peabody believes its Australian dollar monetary asset position acts as a hedge to lessen 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.
2 unchanged sentences
A $10 per barrel change in the price of crude oil (the primary component of a refined diesel fuel product) would increase or decrease its annual diesel fuel costs by approximately $24 million based on its expected usage.
−Removed: As of September 30, 2025, the Company did not have any diesel fuel derivative instruments in place.
−Removed: The Company partially manages the price risk of diesel fuel through the use of cost pass-through contacts with certain customers.
+Added: As of March 31, 2026, the Company did not have any diesel fuel derivative instruments in place.
+Added: The Company partially manages the price risk of diesel fuel through the use of cost pass-through contracts with certain customers.
Interest Rate Risk
3 unchanged sentences
Therefore, these balances are subject to interest rate fluctuations and could produce less income if interest rates fall.
−Removed: Based upon its interest-earning cash and restricted cash balances at September 30, 2025, a one percentage point decrease in interest rates would result in a decrease of approximately $13 million to interest income for the next twelve months.
+Added: Based upon its interest-earning cash and restricted cash balances at March 31, 2026, a one percentage point decrease in interest rates would result in a decrease of approximately $12 million to interest income for the next twelve months.
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.