earnings
confidence high
sentiment neutral
materiality 0.70
Coronado Q2 2023: ROM coal production up 15.3% QoQ, revenue $728M, net cash $192M
Coronado Global Resources Inc.
2023-Q2 EPS reported
$1.18
revenue$1,493,240,000
- Group ROM coal production 7.2 Mt (+15.3% QoQ); saleable production 4.5 Mt (+22.0% QoQ).
- H1 2023 revenue $1,493M; June quarter revenue $728M. Closing cash $434M, net cash $192M.
- Group realized met coal price $219.5/t in June quarter, down 8.4% QoQ; H1 realized $229.1/t (78% of PLV HCC index).
- Curragh: ROM coal production 3.8 Mt (+41% QoQ), best since Sep 2020; record waste movement.
- Jeff Bitzer appointed Group COO effective July 10, 2023; Curragh North Underground project approved.