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Peabody Signs Multi-Year Contract to Provide Coal to Midwestern Generating Stations

1. Peabody signed a 7-year coal supply contract with Associated Electric Cooperative. 2. Contract ensures 7-8 million tons of coal annually for reliable electricity. 3. NARM, Peabody's largest mine, sells 60 million tons of coal in 2024. 4. Growing demand for electricity is driven by data centers and AI. 5. Peabody emphasizes commitment to sustainability in their operations.

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Why Bullish?

The new contract ensures steady cash flow and reflects strong future demand. Past similar agreements boosted investor confidence in BTU's stability.

How important is it?

The substantial nature of this agreement significantly supports BTU's market position and revenue base, likely impacting stock performance.

Why Long Term?

The contract spans seven years, promoting revenue stability and long-term strategic positioning. Historical contracts have positively affected stock prices over extended periods.

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AEPXOMARCH
, /PRNewswire/ -- Peabody (NYSE: BTU) today announced it has signed a contract to provide seven to eight million tons of coal per year to Associated Electric Cooperative Inc. (Associated) for at least the next seven years. "This substantial agreement demonstrates the ongoing importance of Peabody's coal in providing reliable, affordable baseload electricity for years to come," said Peabody President and Chief Executive Officer Jim Grech. "American demand for electricity is growing for the first time in many years given increased power needs from data centers and artificial intelligence. We are pleased to extend our long-term relationship with Associated and look forward to supplying their fuel needs well into the future." Under this new contract, Peabody will supply Associated's coal requirements for the New Madrid Power Plant and Thomas Hill Energy Center in Missouri from the North Antelope Rochelle Mine (NARM), located in Wyoming's Powder River Basin.  Peabody's NARM Mine has delivered coal to Associated generating stations for over 30 years. NARM is the largest coal mine in North America and one of the largest in the world, selling 60 million tons of coal in 2024. Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com.  CONTACT:Mary Compton[email protected] SOURCE Peabody WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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