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An announcement from Whitehaven Coal Limited ( (AU:WHC) ) is now available.
Whitehaven Coal reported solid March quarter results, with managed run-of-mine production of 9.5 million tonnes, down 14% on the strong December quarter mainly due to Queensland wet-season disruptions, but year-to-date ROM output of 29.5 million tonnes tracks toward the upper half of full-year guidance. Equity sales of produced coal were 6.8 million tonnes, broadly steady quarter-on-quarter, supported by strong New South Wales open-cut performance and robust demand.
Pricing conditions improved, with premium hard coking coal up 18% and benchmark thermal coal up 11% over the quarter, lifting average achieved prices in both Queensland and New South Wales and helping offset higher diesel costs while keeping unit costs within the A$130–145 per tonne guidance range. The company continued to strengthen its balance sheet, trimming net debt to A$0.6 billion by 31 March and completing a US$1.5 billion refinancing in April that is expected to deliver annual interest savings of about A$50–55 million while it remains on track for A$60–80 million in annualised cost savings by 30 June 2026.
Operationally, Queensland ROM production fell 28% quarter-on-quarter to 4.1 million tonnes due to seasonal weather, but equity sales there rose 8% as stockpiles were drawn down, with average realised prices of A$242 per tonne and metallurgical coal realisations at 74% of the PLV HCC index. New South Wales operations held ROM production steady at 5.4 million tonnes, with equity sales of 3.6 million tonnes and an average realised price of A$175 per tonne, as thermal coal realisations slightly exceeded the gC NEWC benchmark and supported a revenue mix of roughly 58% metallurgical and 42% thermal coal across the group.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$9.60 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
More about Whitehaven Coal Limited
Whitehaven Coal Limited is an Australian coal producer with operations in Queensland and New South Wales, supplying both metallurgical coal for steelmaking and thermal coal for power generation. The company focuses on export markets and manages a portfolio of open-cut and underground mines, positioning itself as a major supplier into Asian demand centers.
YTD Price Performance: 2.85%
Average Trading Volume: 6,344,760
Technical Sentiment Signal: Buy
Current Market Cap: A$6.49B
For detailed information about WHC stock, go to TipRanks’ Stock Analysis page.