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Peabody Media Release Exhibit 99.1 PEABODY REPORTS RESULTS FOR QUARTER ENDED SEPTEMBER 30 , 2021 ST . LOUIS , October 28 , 2021 – Peabody ( NYSE : BTU ) today announced its third quarter 2021 operating results , including revenues of $ 679.0 million , net of $ 238 million of unrealized mark - to - market losses related to forward pricing hedges ; net loss attributable to common stockholders of $ 44.2 million ; diluted loss per share from continuing operations of $ 0.60 ; and Adjusted EBITDA¹ of $ 289.1 million . During the quarter , the company retired an additional $ 93 million of senior secured debt and retired an additional $ 30 million after September 30 , 2021 , resulting in approximately $ 250 million of debt retirements year to date , more than 16 % of debt outstanding at the start of the year . " We are capturing opportunities provided by current robust coal market dynamics with strong operational performance which is resulting in expanded margins across our portfolio . And we have reached labor agreements at both our Metropolitan and Shoal Creek mines which paves the way for higher met coal production next year , " said Peabody President and Chief Executive Officer Jim Grech . " While we are optimistic regarding the markets , we continue to focus on the long term with a disciplined approach to cost control , pricing strategies and additional reduction of debt to position the company to be resilient in all market cycles . " Third Quarter 2021 Financial Results Revenues totaled $ 679.0 million , net of $ 238 million of unrealized mark - to - market losses related to forward pricing hedges , compared to $ 671.0 million in the prior year primarily due to the impact of higher seaborne met volumes and improved seaborne thermal and met pricing . Selling , general and administrative expenses decreased 22 percent from the prior year to $ 21.1 million as a result of the company's ongoing cost reduction efforts . Interest expense of $ 45.5 million increased $ 10.6 million over the prior year due to higher borrowing costs and amortization of debt issuance costs . Net loss attributable to common stockholders was impacted by unrealized losses of $ 238.4 million , primarily related to hedges contracted in the first half of 2021 on 2.1 million metric tons of expected production at the company's Wambo Underground mine with settlements of 1.4 million metric tons in 2022 and 0.7 million metric tons in 2023. The hedge contracts support the profitability of the mine by securing average prices of $ 84 per metric ton through mid - 2023 as part of a strategy to extend the expected life of the mine . In addition , the company recorded a $ 25 million non - cash gain on sale of previously discontinued operations . 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