Peabody Energy Corporation

Good day and welcome to the Peabody Q2 2026 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press star then two. Please note, this event is being recorded. I would now like to turn the conference over to Kala Finklang. Please go ahead.

Thanks, operator, and good morning, everyone. We appreciate you joining us for Peabody's second quarter 2026 earnings call. Joining me today are Peabody's President and CEO, Jim Grech, Chief Financial Officer, Mark Spurbeck, and Chief Commercial Officer, Malcolm Roberts. After our prepared remarks, we will open up the call for questions. Before we begin, I want to remind you that our remarks today will include forward-looking statements. Please review the full statement contained in our earnings release and consider the risk factors referenced there, along with our filings with the SEC. I'll now turn the call over to Jim.

Thanks, Kala, and good morning, everyone. KeyBuddy delivered on a number of important accomplishments during the second quarter. while continuing to manage through some near-term operating and cost challenges. Most importantly, we maintained our focus on safety across the portfolio, which remains the foundation of everything we do. During the quarter, we also made meaningful progress on a number of key priorities. At the Centurion mine, we are now approaching targeted production levels. I'll provide in a moment. Our seaborne thermal operations delivered on volumes and costs supported by strong execution despite the higher fuel cost environment. We completed multiple strategic financial actions that further strengthened our capital structure, lowered our interest expense, freed up restricted cash and effectively returned cash to shareholders. Mark will provide more detail on these actions shortly, but I'll steal part of his thunder and note that we have effectively repurchased 5 million shares.