Exhibit 99.1
Media Release


ST. LOUIS, Feb. 4, 2021 – Peabody (NYSE: BTU) today announced its fourth quarter 2020 operating results, including revenues of $737.2 million; loss from continuing operations, net of income taxes of $120.4 million, which included $69.3 million of non-cash asset impairments; net loss attributable to common stockholders of $129.2 million; diluted loss per share from continuing operations of $1.25; and Adjusted EBITDA
1 of $103.2 million.

“Whilst 2020 was a year unlike any other with COVID impacting all facets of our business – from the customers we serve to the communities in which we operate – the Peabody team worked hard to position against these challenges and we look forward to driving continued improvements in 2021,” said Peabody President and CEO Glenn Kellow. “We had a number of accomplishments in 2020, including lowering costs per ton in three out of four segments while responding to difficult demand conditions, as well as creating a leaner corporate structure. We also undertook a comprehensive refinancing transaction that extended debt maturities, eliminated our net leverage ratio covenant and preserved operating liquidity.”

General Business Update

Throughout 2020, the COVID-19 pandemic severely impacted the global economy, which in turn impacted Peabody’s operations and customers. Along with the pandemic came lower electricity generation and steel production, depressed natural gas prices, lower global energy prices and the disruption of certain markets across the globe, creating significant financial challenges for Peabody.

Against this backdrop, Peabody reached a comprehensive agreement with its 2022 bondholders, revolving credit lenders and surety bond providers to extend most of the company’s near-term debt maturities to December 2024 and stabilize collateral requirements for the company’s existing surety bond portfolio.

In addition, Peabody pursued cost reductions across each of its mines as well as corporate and support functions. In large part due to these actions, full year SG&A decreased 31 percent compared to the prior year and operating costs per ton improved. Despite volume reductions across the business in 2020, three out of four of the company’s operating segments lowered costs per ton compared to the prior year.

Seaborne thermal coal markets have recently shown signs of improvement with Newcastle forward prices averaging over $80 per tonne in 2021. Colder than expected weather across Asia and Europe has resulted in record high power generation in key markets, driving global LNG prices significantly higher
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.

The following information was filed by Peabody Energy Corp (BTU) on Thursday, February 4, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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