earnings
confidence high
sentiment negative
materiality 0.75
Coronado cuts 2026 saleable output to 14.0-14.5Mt; Q3 earnings $44M, cash costs rise to $105-110/t
Coronado Global Resources Inc.
- Q3 earnings $44M vs $7M in the June quarter; coal revenue ~$558M (vs $506M); saleable production 3.4Mt fell 17.3% QoQ on the Buchanan longwall fault.
- 2026 guidance cut: saleable production 14.0-14.5Mt (from 16-17Mt) and mining cash costs $105-110/t (from $88-96/t); capex unchanged at $150-175M.
- Available liquidity $155M, up $57M on a US$75M Glencore prepayment; net debt $553M at 30 Sept vs $606M at 30 June 2026.
- Port congestion left ~630Kt stockpiled and delayed ~US$50M of revenue into Q4; Curragh ROM output 4.2Mt was the highest since Q3 2020.
- Group realised met coal price US$183.5/t (vs $170.5/t); PLV HCC index averaged US$248.1/t; 2027 guidance expected at 16-17Mt saleable.