BTU — what changed in the latest 10-Q
A section-by-section comparison of BTU's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +83 | −59 | ~30 | 47 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~6 | 2 |
| Controls & procedures | Text added/removed | 0 | −2 | ~1 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 40 |
| Other information | Text added/removed | +1 | −3 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
During the six months ended June 30, 2026, regional divergence in supply and demand fundamentals in the seaborne metallurgical coal market contributed to a 29% increase in the Premium HCC price and a 17% rise in the Premium PCI price. Weather-related interruptions and operational challenges in Austr…
During the six months ended June 30, 2026, the seaborne thermal coal market remained supported by national government energy security policies. Elevated liquefied natural gas (LNG) prices and continued volatility across global energy markets encouraged utilities in several importing regions to consi…
During the second quarter of 2026, Peabody completed multiple financing transactions. The Company issued $250.0 million of new convertible senior unsecured notes and used the proceeds of the offering and available cash to purchase a capped call with a cap price of $50.61 per share and to repurchase …
Refer to the “Liquidity and Capital Resources” section contained within this Item 2 for a further discussion of these financing and liquidity transactions.
Arbitration Relating to Terminated Anglo American plc (Anglo) Acquisition
Text removed vs the prior filing · source: 10-Q · 2026-05-06
The seaborne metallurgical coal market experienced weather-related disruptions in Australia and supply tightness in key product segments. This, combined with steady import demand from key metallurgical coal import markets, contributed to the increases in average quarterly pricing for premium coking …
Within the seaborne thermal coal market, global thermal coal prices started the year stable but increased during the three months ended March 31, 2026, due to the closure of the Strait of Hormuz and the conflict in the Middle East. The conflict has elevated global liquefied natural gas (LNG) prices …
Arbitration Relating to Terminated Anglo American Acquisition
On November 25, 2024, Peabody entered into definitive agreements (the Purchase Agreements) with Anglo American plc (Anglo), to acquire a portion of the assets and businesses associated with Anglo’s metallurgical coal portfolio in Australia, including Anglo’s interests in the Moranbah North and Grosv…
On August 19, 2025, Peabody terminated the Purchase Agreements. The termination of the Purchase Agreements followed Peabody’s prior delivery of a notice of a Material Adverse Change (MAC) as a result of an ignition event at the Moranbah North mine on March 31, 2025, which had led to the closure of t…
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2026-05-06
During the first quarter of 2026, the Company completed the first phase of modernizing its enterprise resource planning (ERP) system with further phases planned in 2026. The upgraded ERP system has resulted in, and may continue to result in, changes to existing operational, financial and administrat…
Except as described above, there have been no other changes to the Company’s internal control over financial reporting during the most recent fiscal quarter that materially affected, or are reasonably likely to materially affect, its internal control over financial reporting.
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-06
During the three months ended June 30, 2026, none of Peabody’s directors or officers adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as these terms are defined in Item 408 of Regulation S-K of the Exchange Act.
Text removed vs the prior filing · source: 10-Q · 2026-05-06
On February 10, 2026, James C. Grech, President & Chief Executive Officer and a member of the Company’s Board of Directors, adopted a Rule 10b5-1 trading arrangement (as such term is defined in Item 408 of Regulation S-K), which is designed to be in effect until December 31, 2027, subject to customa…
On February 23, 2026, Scott T. Jarboe, Chief Administrative Officer and Corporate Secretary, adopted a Rule 10b5-1 trading arrangement (as such term is defined in Item 408 of Regulation S-K), which is designed to be in effect until January 31, 2028, subject to customary exceptions. Mr. Jarboe’s Rule…
Except as set forth above, during the three months ended March 31, 2026, none of Peabody’s directors or officers adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as these terms are defined in Item 408 of Regulation S-K of the Exchange Act.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice