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EX - 99.1 2 btu8k20210429ex991.htm EX - 99.1 Peabody Media Release PEABODY REPORTS RESULTS FOR QUARTER ENDED MARCH 31 , 2021 Exhibit 99.1 ST . LOUIS , April 29 , 2021 – Peabody ( NYSE : BTU ) today announced its first quarter 2021 operating results , including revenues of $ 651.3 million ; loss from continuing operations , net of income taxes of $ 77.7 million ; net loss attributable to common stockholders of $ 80.1 million ; diluted loss per share from continuing operations of $ 0.79 ; and Adjusted EBITDA¹ of $ 61.1 million . First Quarter 2021 Financial Results " While economies across the globe are in varying stages of recovery from the ongoing pandemic , I'm pleased to note that operational and productivity improvements continue to take hold across the company , " said Peabody President and Chief Executive Officer Glenn Kellow . " In addition , we successfully completed our refinancing activities and subsequently repaid a portion of our long - term debt . Looking ahead , we remain focused on further improving our seaborne metallurgical cost structure and capturing continued cash improvements across the organization while positioning for ongoing seaborne market improvements . " First quarter revenues totaled $ 651.3 million compared to $ 846.2 million in the prior year primarily due to the impact of lower volumes , pricing and sales mix . Selling , general and administrative expenses decreased 13 percent from the prior year to $ 21.7 million from the company's ongoing cost reduction program . Depreciation , depletion , and amortization ( DD & A ) declined 36 percent from the prior year to $ 68.3 million , primarily due to the impairment at the North Antelope Rochelle Mine recorded in Q2 2020 as well as lower volumes . Interest expense increased $ 19.3 million over the prior year due to $ 10.6 million of one - time fees expensed as part of the refinancing transactions , higher borrowing costs and amortization of the related debt issuance costs . Loss from continuing operations , net of income taxes totaled $ 77.7 million compared to $ 129.3 million in the prior year . Adjusted EBITDA totaled $ 61.1 million compared to $ 36.8 million in the prior year . Segment Performance ¹ Adjusted EBITDA is a non - GAAP financial measure . Revenues per ton , costs per ton , Adjusted EBITDA margin per ton and percent are non - GAAP operating / statistical measures . Adjusted EBITDA margin is equal to segment Adjusted EBITDA divided by segment revenues . Please refer to the tables and related notes in this press release for a reconciliation and definition of non - GAAP financial measures . 1