Peabody Announces Robust Shareholder Return Program

$1 Billion Share Repurchase Authorization
Amendment to Surety Program

ST. LOUIS, April 17, 2023 /PRNewswire/ -- Peabody (NYSE:BTU) today announced that its Board of Directors ("Board") has approved a new shareholder return framework which includes a share repurchase plan, a fixed quarterly cash dividend and a variable quarterly cash dividend component.  The Board also approved a new share repurchase program authorizing repurchases of up to $1.0 billion of BTU common stock.  Additionally, Peabody amended its surety agreement to limit collateral exposure and remove other restrictions.

Read more at prnewswire.com