Notices from Bronstein, Gewirtz & Grossman and Howard G. Smith say investors in Peabody shares from October 14, 2024 to May 4, 2026 have until August 24, 2026 to seek lead-plaintiff status.
Peabody Energy Corporation and certain officers are facing a securities class action alleging they misled investors about conditions and ramp-up timing at the Centurion mine during the period from October 14, 2024 through May 4, 2026. The complaint alleges Peabody failed to fully disclose commissioning problems, including electrical and mechanical issues, roof control deterioration and floor softening, while portraying Centurion as on time, on budget, ahead of schedule and tied to an optimistic March 2026 ramp-up date. The notices say the mine's delays and production shortfalls hurt first-quarter metallurgical segment volumes and materially affected Peabody's 2026 outlook, including an $80 million EBITDA impact in the first quarter. They point to disclosures on March 30, 2026 and May 5, 2026, when Peabody cut its full-year sales outlook to 2.5 million tons from 3.5 million tons and raised cost guidance to $123-$133 per ton. BTU shares fell about 9.7% on March 30 and another 5.7% on May 5, dropping from $39.50 to $25.00 per share for a cumulative decline of about 37%. Investors seeking appointment as lead plaintiff have until August 24, 2026, and the releases say investors can remain in the class without serving in that role.