The structural properties of selected (Ba1−xSrx)PbO3 ceramics were examined at 14–1148 K using X-ray powder diffraction (XRD). These materials are attractive due to their variety of applications, such as, for example, high-temperature thermoelectric energy conversion. Attention was paid to this paper as a continuation of the previous examinations of higher Sr2+ concentrations. The type of perovskite distortion and temperatures of the structural phase transitions (SPTs) were determined from the splitting of certain pseudocubic lines. At this point, for example (Ba0.3Sr0.7)PbO3 showed three temperature-induced SPTs. When the amount of Sr increased in the samples, no phase transition was observed, which is contrary to the data previously demonstrated in the literature. The quality of the ceramics was examined by scanning electron microscopy-energy dispersion X-ray spectroscopy (SEM-EDS), demonstrating their homogeneity and uniform elements dispersion. As a result of profound crystal investigations, confirmed by thermogravimetric analysis and quadrupole mass spectroscopy (TGA-QMS), a phase diagram was prepared for the (Ba1−xSrx)PbO3 system based on our former and recent study. Also, the investigation of a new application for the (Ba1−xSrx)PbO3 family is presented in this paper for the first time. The TGA analysis was conducted on Illinois#6 hard coal to evaluate the capability of perovskites to be used in the chemical looping combustion (CLC) process in a range of temperatures 1073–1173 K. Due to its thermal stability and reactivity, Ba0.9Sr0.1PbO3 is the material with the greatest potential to be applied as an oxygen carrier. The combination of strontium and barium offers encouraging results compared to the pure barium and strontium lead oxide perovskites.