earnings
confidence high
sentiment negative
materiality 0.80
Coronado FY23 revenue falls 19% to $2.89B; net income down 80% to $156M
Coronado Global Resources Inc.
2023-FY EPS reported
$0.93
revenue$2,890,603,000
- Revenue $2,890.6M (-19% YoY); net income $156.1M (-80%); adjusted EBITDA $381.7M (-68.6%).
- EPS $0.93 vs $4.60 prior year; declared dividend $0.005/CDI ($8.4M total), payable Apr 4, 2024.
- Saleable production 15.8Mt (-1.1%); average realized met coal price $215.7/t (-18.8%); mining cost $107.6/t (+21.7%).
- Capex $227.8M (+23%); available liquidity $489M; net cash $96.7M.
- Stamp duty dispute with Qld Revenue Office: assessed $56.2M vs company estimate $29.4M; additional $53.7M needed to appeal by Mar 11, 2024.