Peabody Energy falls even as analysts see deal for Anglo's coal assets positively

seekingalpha11-26

philip_hens/iStock via Getty Images Peabody Energy (NYSE:BTU) -7.2% in Monday's trading after it agreed to buy Anglo American's (OTCQX:AAUKF) (OTCQX:NGLOY) coal business for nearly $3.8B, even while ...

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Riley analyst Lucas Pipes writes. The deal \"will be transformative as it will reweigh Peabody's portfolio to met coal, thus supporting improved profitability and potential multiple re-rate,\" according to BMO Capital analyst Katja Jancic. Peabody (BTU) said the acquisition would boost its metallurgical coal production to 21M-22M tons in 2026 from ~7.4M tons this year. Meanwhile, Anglo (OTCQX:AAUKF) (OTCQX:NGLOY) sold its remaining coal assets at a higher valuation than expected, RBC Capital's Marina Calero said Monday, noting the analyst consensus estimate of $2.8B. \"We see this as a positive event that will serve to reassure the market on management’s commitment to execute on the restructuring plan,\" Calero wrote. Citi analysts said Anglo (OTCQX:AAUKF) (OTCQX:NGLOY) will receive up to $4.9B total, an attractive price and higher than expected. The miner will receive $550M in price-linked earnouts, which should be achievable given the outlook for coal prices, but the $450M contingent on restart at the Grosvenor mine in Australia looks more uncertain, Citi said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486059095"}