Peabody has announced that Revenues totaled USD 1,264.6 million, including USD 149 million of unrealized mark-to-market gains related to forward pricing hedges, compared to USD 737.2 million of revenues in the prior year, a 72 percent increase, reflecting the significant improvements in both seaborne met coal and thermal coal pricing realizations. Selling, general and administrative expenses decreased 7 percent from the prior year to $20.7 million as a result of the company's ongoing cost efficiency efforts. The company recognized income from equity affiliates of USD 70.7 million, compared to a loss from equity affiliates of $34.4 million in the fourth quarter of the prior year, primarily related to its fifty percent interest in Middlemount. Middlemount realized 58 percent margins which benefited Peabody's 0.4 million tons share of semi-hard / PCI met coal shipped in the quarter.Adjusted EBITDA totaled USD 444.4 million compared to USD 103.2 million in the prior year, a 331 percent increase, primarily due to higher seaborne margins.Full-year 2021 revenues totaled USD 3,318.3 million compared to USD 2,881.1 million in the prior year primarily due to improved seaborne pricing in the second half of the year. Full-year 2021 income attributable to common stockholders totaled USD 360.1 million and Adjusted EBITDA totaled USD 916.7 million compared to a loss attributable to common stockholders of USD 1,870.3 million and Adjusted EBITDA of USD 258.8 million in the prior year.US thermal volumes are expected to be higher than prior year as both the PRB and Other US Thermal segments anticipate higher production to meet customer demand. Essentially all base volumes are priced and committed while incremental volumes anticipated in the PRB from ongoing one-time investments in production capacity remain open to spot pricing. Cost per ton are anticipated to increase compared to the prior year as a result of higher royalties and fuel prices, in addition to incremental costs to increase near term production.Seaborne thermal volumes are expected to be consistent with prior year. Robust margins from anticipated strong prices are expected to more than offset higher royalties and fuel prices.Seaborne met volumes are expected to increase substantially resulting from a full year of production at Metropolitan and Shoal Creek, with Shoal Creek ramping up longwall production through the first quarter.
Peabody has announced that Revenues totaled USD 1,264.6 million, including USD 149 million of unrealized mark-to-market gains related to forward pricing hedges, compared to USD 737.2 million of revenues in the prior year, a 72 percent increase, reflecting the significant improvements in both seaborne met coal and thermal coal pricing realizations. Selling, general and administrative expenses decreased 7 percent from the prior year to $20.7 million as a result of the company's ongoing cost efficiency efforts. The company recognized income from equity affiliates of USD 70.7 million, compared to a loss from equity affiliates of $34.4 million in the fourth quarter of the prior year, primarily related to its fifty percent interest in Middlemount. Middlemount realized 58 percent margins which benefited Peabody's 0.4 million tons share of semi-hard / PCI met coal shipped in the quarter.Adjusted EBITDA totaled USD 444.4 million compared to USD 103.2 million in the prior year, a 331 percent increase, primarily due to higher seaborne margins.Full-year 2021 revenues totaled USD 3,318.3 million compared to USD 2,881.1 million in the prior year primarily due to improved seaborne pricing in the second half of the year. Full-year 2021 income attributable to common stockholders totaled USD 360.1 million and Adjusted EBITDA totaled USD 916.7 million compared to a loss attributable to common stockholders of USD 1,870.3 million and Adjusted EBITDA of USD 258.8 million in the prior year.US thermal volumes are expected to be higher than prior year as both the PRB and Other US Thermal segments anticipate higher production to meet customer demand. Essentially all base volumes are priced and committed while incremental volumes anticipated in the PRB from ongoing one-time investments in production capacity remain open to spot pricing. Cost per ton are anticipated to increase compared to the prior year as a result of higher royalties and fuel prices, in addition to incremental costs to increase near term production.Seaborne thermal volumes are expected to be consistent with prior year. Robust margins from anticipated strong prices are expected to more than offset higher royalties and fuel prices.Seaborne met volumes are expected to increase substantially resulting from a full year of production at Metropolitan and Shoal Creek, with Shoal Creek ramping up longwall production through the first quarter.
