Peabody's Q3 2025 performance demonstrated strong thermal coal shipments and effective cost management, setting a positive outlook for future cash flows and shareholder returns.

• Robust thermal coal shipments combined with historically low met coal costs position Peabody favorably in the market.
• Centurion mine's longwall production starting next quarter is expected to significantly enhance met coal realizations, boosting average portfolio realizations from 70% to approximately 80% by 2026.
• Continued U.S. government support for coal generation, including life extensions for coal plants, reflects ongoing demand stability in key markets.
• Seaborne met coal prices remain resilient amid production challenges, with recent trends suggesting further strengthening in demand from China and India.
• U.S. electricity demand is up 2%, driven by growth in data centers, reinforcing the durability of coal power amidst increasing energy needs.