Peabody investors face Aug. 24, 2026 deadline after 36.7% BTU drop

Peabody Energy investors have until Aug. 24, 2026 to seek lead plaintiff status in a securities class action alleging the company misrepresented the Centurion mine's readiness between Oct. 14, 2024 and May 4, 2026. A new complaint announcement from Bronstein, Gewirtz & Grossman, LLC alleges that electrical and mechanical failures, roof-control deterioration and floor softening made the March 2026 longwall deadline unachievable, despite repeated statements that the project was on time, on budget or ahead of schedule. Peabody disclosed the problems on March 30 and May 5, 2026, cutting full-year sales guidance from 3.5 million to 2.5 million tons and raising cost guidance to $123-$133 per ton; the announcement also alleges an $80 million first-quarter 2026 EBITDA impact. BTU fell 9.7% on March 30 and another 5.7% on May 5, declining from $39.50 to $25.00 per share. An earlier notice calculated the cumulative loss at about 36.7%, while the new release describes it as approximately 37%.

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