Peabody Energy Corporation (NYSE:BTU) Q2 2023 Earnings Call Transcript

Mark Spurbeck: Yes, Lucas, the program has fully been unwounded June 30. So all the initial margin was returned, I think was about $11 million in the second quarter. And all the variation margin was returned by a higher realized prices and taken into our EBITDA results. So programs fully unwound and we’re no longer got hedges for coal sales.

Lucas Pipes: That’s very good to hear. That’s it from now. I appreciate the color. And best of luck to you and to team.

Jim Grech: Thanks, Lucas.

Operator: And with that, there are no further questions. So I’d like to turn the conference back over to Mr. Jim Grech for any additional closing remarks.

Jim Grech: Thanks. Thank you all for joining us today. I’d especially like to thank our employees for remaining focused on safety and for continuing to execute on our various initiatives. I’d also like to thank our customers, investors, insurance providers and vendors for their continued support. And finally, I’d like to thank everyone in the [Gillette] community who responded during the tornado at NARM. Operator, that concludes our call.

Operator: The conference is now concluded. Thank you very much for attending today’s presentation. You may now disconnect your lines. And have a wonderful day.