Thomist Capital Amends Peabody Energy Stake Filing

TL;DR

Thomist Capital updated their Peabody Energy filing, watch this space.

AI Summary

Thomist Capital Management, LP, along with Brian Kuzma and Thomist Fund, LP, filed an amendment (No. 3) to their Schedule 13D on November 13, 2024, regarding their holdings in Peabody Energy Corp. The filing indicates a change in the group's beneficial ownership, though specific new percentages or dollar amounts are not detailed in this excerpt. The group is actively involved in monitoring and potentially influencing the company's strategic direction.

Why It Matters

This amendment signals ongoing activity and potential strategic shifts by a significant shareholder in Peabody Energy Corp, which could impact the company's future operations and stock performance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate a change in a significant shareholder's intentions or holdings, which can introduce uncertainty and potential volatility for the company's stock.

Key Numbers

• 3 — Amendment Number (Indicates this is the third update to the original filing.)

Key Players & Entities

• Thomist Capital Management, LP (company) — Filing entity
• Peabody Energy Corp (company) — Subject company
• Brian Kuzma (person) — Group member
• Thomist Fund, LP (company) — Group member
• Logan Moncrief (person) — Associated with Thomist Capital Management, LP

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie
• $30,859,335 — s follows: The Fund used approximately $30,859,335 (excluding brokerage commissions) in th
• $27,315,857 — The Managed Accounts used approximately $27,315,857 (excluding brokerage commissions) in th
• $24.8023 — nt Common Stock 10/25/2024 (19,491) $24.8023 The Fund (12,994) $24.8023 Managed
• $24.8023 M — (19,491) $24.8023 The Fund (12,994) $24.8023 Managed Account 1 (6,497) $24.8023 Man
• $24.7280 — t 2 Common Stock 10/25/2024 (5,509) $24.7280 The Fund (3,673) $24.7280 Managed A
• $24.7280 M — (5,509) $24.7280 The Fund (3,673) $24.7280 Managed Account 1 (1,836) $24.7280 Man
• $24.9826 — 2 Common Stock 10/29/2024 (20,000) $24.9826 The Fund (13,333) $24.9826 Managed
• $24.9826 M — (20,000) $24.9826 The Fund (13,333) $24.9826 Managed Account 1 (6,667) $24.9826 Man
• $26.4891 — 2 Common Stock 10/31/2024 (88,886) $26.4891 The Fund (59,257) $26.4891 Managed
• $26.4891 M — (88,886) $26.4891 The Fund (59,257) $26.4891 Managed Account 1 (29,628) $26.4891 Ma
• $26.9825 — 2 Common Stock 10/31/2024 (50,000) $26.9825 The Fund (33,333) $26.9825 Managed
• $26.9825 M — (50,000) $26.9825 The Fund (33,333) $26.9825 Managed Account 1 (16,667) $26.9825 Ma
• $26.9920 — 2 Common Stock 10/31/2024 (38,615) $26.9920 The Fund (25,743) $26.9920 Managed
• $26.9920 M — (38,615) $26.9920 The Fund (25,743) $26.9920 Managed Account 1 (12,871) $26.9920 Ma

Filing Documents

• form_sc13da-peabody.htm (SC 13D/A) — 183KB
• 0001011438-24-000645.txt ( ) — 185KB

is hereby amended and restated in its entirety to read as follows

Item 3 is hereby amended and restated in its entirety to read as follows: The Fund used approximately $30,859,335 (excluding brokerage commissions) in the aggregate to purchase the shares of Common Stock held by it reported in this Schedule 13D. The Managed Accounts used approximately $27,315,857 (excluding brokerage commissions) in the aggregate to purchase the shares of Common Stock held by the Managed Accounts reported in this Schedule 13D. The source of the funds used to acquire the shares of Common Stock reported herein was the working capital of the Fund and the Managed Accounts, which at any given time may include funds borrowed on margin in the ordinary course and on customary terms. Item5. INTEREST IN SECURITIES OF THE ISSUER

is hereby amended and restated in its entirety to read as follows

Item 5 is hereby amended and restated in its entirety to read as follows: (a) - (b) The responses of the Reporting Persons to Items (7) through (11) and (13) of the cover pages of this Schedule 13D are incorporated herein by reference. As of the date hereof, the Manager, the GP and Mr. Kuzma beneficially own an aggregate of 2,488,201 shares of Common Stock, which shares of Common Stock may be deemed to be beneficially owned by each of the Manager, the GP and Mr. Kuzma, and which represent approximately 2.0% of the outstanding Common Stock. As of the date hereof, the Fund beneficially owns an aggregate of 1,298,375 shares of Common Stock, and which represent approximately 1.1% of the outstanding Common Stock. All percentages set forth herein are based on 121.5 million shares of common stock of the Issuer outstanding as of November 4, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2024. The Fund and the Managed Accounts have delegated to Manager voting and investment power over the securities held directly by the Funds and the Managed Accounts. As a result, each of the Manager, the GP, as the general partner of Manager, and Mr. Kuzma, as Managing Member of the GP, may be deemed to exercise voting and investment power over the shares of Common Stock directly held by the Fund and the Managed Accounts. (c) Information concerning transactions in the shares of Common Stock effected by the Reporting Persons on behalf of the Fund and the Managed Accounts since the most recent filing of Schedule 13D is set forth in Schedule I hereto and is incorporated herein by reference. (d) Not applicable. (e) On October 31, 2024, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Issuer's Common Shares.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: November 13, 2024 THOMIST CAPITAL MANAGEMENT, LP By: Thomist Capital, LLC, its general partner By: /s/ Brian Kuzma Name: Brian Kuzma Title: Managing Member THOMIST CAPITAL, LLC By: /s/ Brian Kuzma Name: Brian Kuzma Title: Managing Member THE THOMIST FUND, LP By: Thomist Capital, LLC, its general partner By: /s/ Brian Kuzma Name: Brian Kuzma Title: Managing Member By: /s/ Brian Kuzma BRIAN KUZMA Schedule I TRANSACTIONS IN SHARES OF COMMON STOCK BY THE REPORTING PERSONS The following table sets forth all transactions in the shares of Common Stock effected by each of the Reporting Persons (on behalf of the Funds) since the most recent filing of Schedule 13D. All such transactions were sales of shares of Common Stock effected in the open market, and the table excludes commissions paid in per share prices. Instrument Traded Effecting Beneficial Trade Date Shares or Contracts Purchased (Sold) Price Per Share ($) or Contract Trading Account Common Stock 10/25/2024 (19,491) $24.8023 The Fund (12,994) $24.8023 Managed Account 1 (6,497) $24.8023 Managed Account 2 Common Stock 10/25/2024 (5,509) $24.7280 The Fund (3,673) $24.7280 Managed Account 1 (1,836) $24.7280 Managed Account 2 Common Stock 10/29/2024 (20,000) $24.9826 The Fund (13,333) $24.9826 Managed Account 1 (6,667) $24.9826 Managed Account 2 Common Stock 10/31/2024 (88,886) $26.4891 The Fund (59,257) $26.4891 Managed Account 1 (29,628) $26.4891 Managed Account 2 Common Stock 10/31/2024 (50,000) $26.9825 The Fund (33,333) $26.9825 Managed Account 1 (16,667) $26.9825 Managed Account 2 Common Stock 10/31/2024 (38,615) $26.9920 The Fund (25,743) $26.9920 Managed Account 1 (12,871) $26.9920 Managed Acc

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View this SC 13D/A filing on SEC EDGAR