earnings
confidence high
sentiment negative
materiality 0.75
Coronado Q1 revenue $449M (-32.8% YoY); met coal pricing low, ABL covenant extended to May 31
Coronado Global Resources Inc.
2025-Q1 EPS
reported -$0.57
vs consensus -$0.33
▼ miss
(-71.0%)
- Revenue $449M, down 19.4% QoQ and 32.8% YoY; realized met coal price $151.3/t (-7.3% QoQ, -25.9% YoY).
- Total liquidity $325M ($229M cash, $96M ABL); ABL covenant test deferred to 31 May 2025 with cash-backing condition.
- ROM production 5.8 Mt (-14.8% QoQ, -2.3% YoY); sales 3.4 Mt (-16.2% QoQ, -7.9% YoY).
- Cost cuts of up to $100M expected; average mining costs down 10% YoY.
- Buchanan expansion ~90% complete, on budget, expected June 2025; Mammoth to add 2 Mt/yr by Q1 2026.