Overview
- Peabody disclosed on March 30, 2026 that Centurion would produce about 250,000 tons in the first quarter because of greater‑than‑anticipated commissioning challenges, a public revision far below prior ~700,000‑ton expectations.
- The company further cut Centurion’s full‑year sales outlook from 3.5 million to 2.5 million tons on May 5, 2026 after acknowledging it missed a March ramp target.
- Those two disclosures corresponded with sharp market reactions, including a roughly 9.7% share drop after the March 30 update and a roughly 5.7% decline after the May 5 announcement.
- A federal securities class action, captioned McGeachy v. Peabody, No. 26‑cv‑01020, is pending in the U.S. District Court for the Eastern District of Missouri and alleges Peabody and certain officers made materially false or misleading statements about Centurion.
- Multiple plaintiff law firms are soliciting investors who bought Peabody stock between October 14, 2024 and May 4, 2026 to join the suit or seek lead‑plaintiff appointment before the August 24, 2026 deadline, a step that will shape litigation strategy and any recovery for harmed investors.