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Whitehaven Coal Limited
(Sydney:WHC)
Whitehaven Coal Limited (WHC) vs. iShares MSCI Australia ETF (EWA)
Whitehaven Coal Limited Business Overview & Revenue Model
Whitehaven Coal Limited Earnings Call Summary
Whitehaven Coal Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.88B | 5.83B | 3.82B | 6.06B | 4.92B | 1.56B |
| Gross Profit | 1.13B | 2.04B | 1.91B | 4.59B | 3.60B | 418.93M |
| EBITDA | 1.63B | 2.12B | 930.00M | 4.11B | 3.07B | -388.68M |
| Net Income | 641.00M | 649.00M | 355.00M | 2.67B | 1.95B | -543.91M |
Balance Sheet | ||||||
| Total Assets | 11.52B | 11.83B | 13.31B | 7.61B | 6.24B | 4.65B |
| Cash, Cash Equivalents and Short-Term Investments | 1.09B | 1.21B | 405.00M | 2.78B | 1.22B | 95.20M |
| Total Debt | 2.10B | 2.03B | 1.89B | 188.95M | 244.70M | 992.71M |
| Total Liabilities | 5.83B | 6.13B | 8.04B | 2.35B | 2.03B | 1.95B |
| Stockholders Equity | 5.69B | 5.70B | 5.27B | 5.26B | 4.21B | 2.71B |
Cash Flow | ||||||
| Free Cash Flow | 265.00M | 737.00M | -127.00M | 3.34B | 2.37B | 45.37M |
| Operating Cash Flow | 576.00M | 1.13B | 327.00M | 3.58B | 2.52B | 136.23M |
| Investing Cash Flow | -5.00M | 16.00M | -3.81B | -306.94M | -177.19M | -103.59M |
| Financing Cash Flow | -291.00M | -319.00M | 1.12B | -1.72B | -1.23B | -44.19M |
Whitehaven Coal Limited Technical Analysis
Whitehaven Coal Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$8.17B | 17.55 | 11.04% | 11.73% | -8.45% | -24.30% | |
71 Outperform | AU$4.01B | 9.01 | 17.04% | 8.48% | -1.53% | -7.57% | |
66 Neutral | AU$6.51B | 10.13 | 11.40% | 1.92% | 52.51% | 82.60% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | AU$2.56B | -34.34 | 0.15% | 7.32% | -18.98% | -99.05% | |
50 Neutral | AU$148.83M | -22.88 | 1.34% | ― | -5.47% | -86.96% | |
44 Neutral | AU$502.94M | -0.75 | -36.13% | 4.79% | -23.91% | -352.91% |
Whitehaven Coal Limited Corporate Events
Whitehaven Coal reported a robust second quarter of FY26, with managed run-of-mine (ROM) production rising 21% quarter-on-quarter to 11.0Mt and equity sales of produced coal up 18% to 7.0Mt, underpinned by strong operational performance in both Queensland and New South Wales. Improved safety outcomes, with a lower TRIFR of 2.9, and disciplined cost control saw unit production costs at the low end of guidance, delivering an estimated A$135/t for the first half and keeping the miner on track for A$60–80 million in annualised cost savings by June 2026. Strengthening metallurgical coal prices, steady thermal coal pricing and solid demand for its products supported average realised prices of A$225/t in Queensland and A$163/t in NSW, while net debt edged down to A$0.7 billion and liquidity stood at A$1.5 billion, providing a solid financial base for the remainder of FY26.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$10.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has cancelled 1,896,846 ordinary fully paid shares following an on‑market buy‑back completed on 23 December 2025, reducing its issued capital. In addition, 2,975 performance share rights lapsed on 16 December 2025 after their vesting conditions were not satisfied, signalling a tightening of equity-based compensation and a modest further reduction in potential future dilution for existing shareholders.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal has disclosed a change in managing director Paul Flynn’s interest in the company’s securities, with the grant of 357,560 additional performance rights under his Single Incentive Plan arrangements. Approved by shareholders at the company’s FY25 annual general meeting, the award lifts Flynn’s unvested performance rights to 1,089,453 while leaving his indirect ordinary shareholding and other vested and unvested equity instruments unchanged, underscoring the board’s continued use of long-term, equity-based incentives to align executive remuneration with shareholder outcomes.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal has notified the market of the issuance of unquoted performance share rights under its employee incentive scheme, with a total of 64,622 rights granted on 10 December 2025 and a further 1,657,497 rights issued on 19 December 2025. These securities, which are not intended to be quoted on the ASX, reflect the company’s continued use of equity-based incentives to align staff with shareholder interests and support retention of key personnel, potentially leading to future dilution but signalling an ongoing commitment to performance-linked remuneration.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has reported a further update to its on-market share buy-back program, confirming that it repurchased 166,494 ordinary fully paid shares on the previous trading day, bringing the cumulative total bought back to 1,657,348 shares since the program’s commencement on 2 December 2025. The ongoing daily buy-backs signal the company’s continued capital management focus and may support earnings per share and shareholder returns, while potentially tightening the free float of WHC stock in a volatile resources and energy sector equity market.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has issued 321,006 new fully paid ordinary shares following the conversion of previously unquoted options or other unquoted convertible securities. The issuance, effective 7 November 2025, marginally increases the company’s share capital and reflects the exercise of existing equity-based instruments, resulting in a small dilution for existing shareholders but providing additional equity funding and aligning option or security holders more closely with the company’s long-term performance.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has provided a daily update on its ongoing on‑market share buy-back program, confirming that a total of 1,468,568 ordinary fully paid shares had been repurchased prior to the latest reporting date, with a further 188,780 shares bought back on the previous trading day. The continued execution of the buy-back signals management’s commitment to returning capital to shareholders and may support earnings per share and capital management objectives, potentially reinforcing investor confidence in the company’s balance sheet and long-term strategy.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has provided an update regarding its on-market share buy-back program, highlighting its repurchase of 146,644 ordinary fully paid securities on December 17, 2025, bringing the total number of shares bought back to date to 1,321,924. This buy-back reflects the company’s strategy to optimize its capital structure and may have implications for shareholder value and market positioning.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of December 17, 2025, the company has bought back a total of 1,139,479 securities, with an additional 182,445 securities purchased on the previous day. This buy-back initiative is part of Whitehaven’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing share buy-back program, reporting the purchase of 160,962 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 820,604. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update to the Resources and Reserves Statement for its Blackwater Mine in Queensland, reflecting a significant increase in both recoverable and marketable coal reserves. The recoverable reserves have risen from 191Mt to 365Mt, and the total coal resources have increased from 1,817Mt to 1,919Mt. This update is attributed to improved geological confidence from extensive drilling, refined economic assumptions, and the inclusion of new mining areas. The increase in reserves is expected to enhance the mine’s long-term production potential and strengthen its position as a key asset for Whitehaven, offering growth and optionality for stakeholders.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing share buy-back program. As of December 12, 2025, the company reported buying back a total of 130,515 ordinary fully paid securities on the previous day, adding to a cumulative total of 690,089 securities repurchased. This buy-back initiative is part of Whitehaven’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update on its ongoing on-market buy-back program. As of December 11, 2025, the company has repurchased a total of 690,089 ordinary fully paid securities, including 126,995 securities bought back on the previous day. This buy-back initiative is part of Whitehaven Coal’s strategy to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing on-market buy-back program. As of December 10, 2025, the company has repurchased a total of 423,755 securities prior to the previous day and an additional 139,339 securities on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing share buy-back program. The company reported that it bought back 101,316 ordinary fully paid securities on the previous day, adding to the total of 322,439 securities repurchased before that day. This buy-back initiative is part of Whitehaven’s strategy to enhance shareholder value and optimize its capital structure.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing on-market buy-back program. As of December 8, 2025, the company has repurchased a total of 322,439 ordinary fully paid securities, with 47,419 bought back on the previous day. This buy-back initiative is part of Whitehaven Coal’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing share buy-back program. On December 5, 2025, the company reported the buy-back of 74,521 ordinary fully paid securities on the previous day, adding to the total of 200,499 securities bought back before that day. This buy-back initiative is part of Whitehaven Coal’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing on-market buy-back program. The company reported the purchase of 125,976 ordinary fully paid securities on the previous day, adding to the total of 74,523 securities bought back before that day. This buy-back initiative is part of Whitehaven Coal’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing on-market buy-back program. As of December 3, 2025, the company reported the buy-back of 74,523 ordinary fully paid securities on the previous day. This move is part of their strategy to manage capital and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an on-market buy-back of its ordinary fully paid securities, as per its recent notification. This move could potentially impact the company’s share value and market perception, reflecting a strategic decision to manage its capital structure and possibly return value to shareholders.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has re-issued a notification regarding its ongoing share buy-back program due to operational issues with the ASX platform. The company has repurchased 4.5 million shares since August 2025, totaling $30.8 million, which underscores its commitment to enhancing shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing on-market buy-back program. As of November 28, 2025, the company has bought back a total of 8,547,334 ordinary fully paid securities, indicating a strategic move to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited announced a daily update on its ongoing on-market buy-back program, reporting the repurchase of 63,136 ordinary fully paid securities on the previous day. This buy-back initiative reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update on its ongoing on-market buy-back program, reporting the repurchase of 173,042 ordinary fully paid securities on the previous day, bringing the total to over 8.2 million securities bought back. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and stakeholder interests positively.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
Whitehaven Coal Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has bought back a total of 8,057,606 securities before the previous day and an additional 143,825 securities on the previous day. This buy-back initiative is part of Whitehaven Coal’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WHC) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.