Peabody Energy (NYSE:BTU) +6.9% in Monday’s trading as the Trump administration unveiled plans to open more than 13 million acres of federal land for leasing to coal miners and provide $625 million in funds to expand power generation from coal, as part of a broad initiative to help revive the industry.
Among other U.S.-listed coal stocks: Ramaco Resources (METC) +4.8%, Alpha Metallurgical Resources (NYSE:AMR) +2.1%, Alliance Resource Partners (ARLP) +1.5%, Core Natural Resources (CNR) +1.4%, Warrior Met Coal (HCC) +0.3%.
In addition to expanding coal-leasing to more than triple the requirement set in President Trump’s One Big Beautiful Bill Act, Interior Secretary Burgum said the agency will reduce the royalty rate paid for coal and streamline approvals for projects in Wyoming, Tennessee and elsewhere.
It is unclear whether the new initiatives will meaningfully alter the trajectory of coal, which now accounts for ~15% of power generation in the U.S. compared to more than half in 2000, according to the U.S. Energy Information Administration.