earnings
confidence high
sentiment neutral
materiality 0.65
Coronado Q3 2023 revenue $718M, net cash $95M; EMG to sell controlling stake to Sev.en
Coronado Global Resources Inc.
2023-Q3 EPS reported
$1.06
revenue$2,211,070,000
- Q3 FY2023 Group revenue $718M, YTD revenue $2.2B (second highest in history).
- Closing cash $337M, net cash $95M as of Sep 30, 2023.
- Q3 ROM coal production 5.9 Mt, saleable 3.7 Mt; guidance revised on Oct 2 due to geological impacts and dragline failure.
- Sev.en Global agreed to acquire all of EMG's interest in Coronado, subject to regulatory approvals.
- Appointed two new independent non-executive directors; Group TRIR improved 32% to 0.91.