Why Peabody Energy Stock Wilted on Wednesday

Peabody Energy stock dropped over 10% after reporting second-quarter earnings that missed analyst expectations. While revenue of $1 billion met forecasts, the company's net loss of $0.74 per share significantly exceeded the expected $0.36 per share loss. The poor results were attributed to lower volumes and higher costs, though management expects improvement in the second half of 2026 as its Australian Centurion mine ramps up production.