Peabody Energy Corporation is a global coal mining company that extracts and sells metallurgical coal for steel production and thermal coal for electricity generation across mining complexes in the United States and Australia. The company generates revenue primarily through long-term coal supply agreements with electricity generators, industrial facilities, and steel manufacturers, with contracts typically spanning multiple years and representing a substantial forward sales backlog. Peabody operates in four main segments serving distinct markets: seaborne thermal and metallurgical coal exports competing in global markets, plus domestic U.S. thermal coal sales to power generators facing competitive pressure from natural gas and renewable energy alternatives.