Peabody Energy (BTU) Surges 9.2% Ahead of Dividend Record Date

We recently published Wall Street Can’t Keep up With These 10 Crushing Stocks; 6 at Fresh Record Highs. Peabody Energy Corp. (NYSE:BTU) is one of the best-performing on Monday.

Peabody Energy extended its rally to a second day on Monday, adding 9.19 percent to close at $29.94 apiece as investors loaded portfolios ahead of the upcoming record date for its quarterly cash dividends.

Last week, Peabody Energy Corp. (NYSE:BTU) said its board of directors approved the distribution of dividends worth $0.75 per common share to all shareholders as of the November 13 record, payable on December 3, 2025.

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The announcement followed the release of its earnings performance in the third quarter of the year, where it swung to a net loss attributable to shareholders of $70.1 million from an attributable net income of $101.3 million in the same period last year.

Revenues also dropped by 7 percent to $1.012 billion from $1.088 billion year-on-year.

Despite the weak results, Peabody Energy Corp. (NYSE:BTU) remained optimistic for its business for the full-year 2025 period, with volumes across all business segments expected to jump. Total volume for PRB US Thermal alone is expected to hit 84 million to 86 million tons; while seaborne thermal is targeted at a range of 15.1 million to 15.4 million tons. Seaborne metallurgical is projected to settle at 8.3 million to 8.5 million tons.

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Disclosure: None. This article is originally published at Insider Monkey.