Whitehaven Coal
WHC.ASXEnergy
Coal mining and exploration
Market Data
$9.005
+0.0%$7.2B
11.0x
$0.793
1.14%
+0.2%
Latest Earnings
March 2026 Quarterly Report
28 April 2026
Whitehaven Coal delivered Q3 FY26 results showing solid operational performance with 9.5Mt managed ROM production (down 14% QoQ due to Queensland wet season seasonality) and strong equity sales of 6.8Mt, tracking toward the upper half of full-year guidance. The company achieved improved coal prices with PLV HCC up 18% and gC NEWC up 11% quarter-on-quarter, while successfully refinancing acquisition debt to deliver A$50-55 million in annual interest savings and maintaining net debt of A$0.6 billion. Key points: Strong equity sales of 6.8Mt in Q3 tracking at upper end of FY26 guidance; YTD sales of 19.7Mt up 9% YoY showing solid momentum; Improved commodity prices with PLV HCC metallurgical coal up 18% QoQ and gC NEWC thermal coal up 11% QoQ, enhancing revenue realisations; Successful debt refinancing completed in April 2026 delivering A$50–55 million in annualised interest savings from May 2026, with cost of debt lowered to ~6.3% and average tenor extended to 6 years
Recent Announcements
March 2026 Quarterly Report
Whitehaven Coal delivered Q3 FY26 results showing solid operational performance with 9.5Mt managed ROM production (down 14% QoQ due to Queensland wet season seasonality) and strong equity sales of 6.8Mt, tracking toward the upper half of full-year guidance. The company achieved improved coal prices with PLV HCC up 18% and gC NEWC up 11% quarter-on-quarter, while successfully refinancing acquisition debt to deliver A$50-55 million in annual interest savings and maintaining net debt of A$0.6 billion. Key points: Strong equity sales of 6.8Mt in Q3 tracking at upper end of FY26 guidance; YTD sales of 19.7Mt up 9% YoY showing solid momentum; Improved commodity prices with PLV HCC metallurgical coal up 18% QoQ and gC NEWC thermal coal up 11% QoQ, enhancing revenue realisations; Successful debt refinancing completed in April 2026 delivering A$50–55 million in annualised interest savings from May 2026, with cost of debt lowered to ~6.3% and average tenor extended to 6 years
Becoming a substantial holder
Dimensional Entities became a substantial holder (20%).
Appendix 4D and Interim Financial Report
Whitehaven Coal delivered solid operational performance with ROM coal production up 3% to 20.0Mt, but was impacted by cyclical price weakness in coal markets. Revenue fell 28% to A$2,477m and the company reported an underlying net loss of A$19m compared to A$350m profit in the prior period, though it maintained strong cash generation of A$387m from operations. Key points: Strong operational performance with 3% increase in ROM coal production to 20.0Mt; Robust cash generation of A$387m from operations despite cyclical downturn; Cost discipline maintained with cost per tonne decreasing from A$137/t to A$135/t
Earnings Release - 19 February 2026
Upcoming earnings release expected 19 February 2026 (from Yahoo Finance (confirmed))
December 2025 Quarterly Report
Whitehaven Coal delivered strong Q2 FY26 production with managed ROM of 11.0Mt (up 21% QoQ) and equity coal sales of 7.0Mt (up 18% QoQ). The company maintained cost discipline with unit costs at the low end of guidance (~A$135/t for H1), reduced net debt to A$0.7B, and benefited from improving metallurgical coal markets with PLV HCC index up 9% quarter-on-quarter. Key points: Strong production growth with managed ROM up 21% QoQ to 11.0Mt and equity coal sales up 18% to 7.0Mt; Unit costs at low end of FY26 guidance with H1 unit cost ~A$135/t, demonstrating effective cost discipline; Net debt reduced to A$0.7B from A$0.8B in previous quarter with liquidity of A$1.5B
September 2025 Quarterly Report
Whitehaven Coal delivered a solid Q1 FY26 start with 9.0Mt managed ROM production (down 15% QoQ due to strong prior quarter and sequencing) and 5.9Mt equity sales (down 1% QoQ), while maintaining strong demand despite soft pricing environment with metallurgical coal at 74% of PLV HCC and thermal coal at 105% of gC NEWC. The company is on track to deliver $60-80M in annualised cost savings by June 2026, maintains net debt of ~A$0.8B, and expects unit costs to improve in H2 FY26 with second-half weighted volumes; first BMA contingent payment of US$9M was below the annual cap with Year 2 currently tracking to zero payment. Key points: Strong demand for Whitehaven's coal products continues despite soft pricing environment; NSW thermal coal realising 105% of gC NEWC Index; Cost discipline progressing well with on-track delivery of A$60-80M annualised cost savings by 30 June 2026 across all operations; Strong balance sheet with net debt at A$0.8B; first BMA contingent payment of US$9M below annual cap with Year 2 currently tracking to zero payment
FY25 Appendix 4E and Annual Financial Report
Whitehaven Coal delivered strong FY25 results with revenue of $5,832m (+53% YoY), driven by the first full year of QLD metallurgical coal assets acquired in April 2024, though underlying NPAT declined 57% to $319m due to cyclical coal price weakness in H2. The company maintains a robust balance sheet with net debt of $634m and declared a fully franked 15-cent total dividend while guiding FY26 ROM production of 37-41Mt. Key points: Revenue surged 53% to $5,832m with first full year contribution from Daunia and Blackwater QLD metallurgical coal assets acquired in April 2024; ROM coal production increased 60% to 39.1Mt (FY24: 24.5Mt) with strong operational performance from both QLD and NSW operations; Successful sale of 30% Blackwater stake (20% Nippon Steel, 10% JFE Steel) for US$1.08bn in March 2025, strengthening balance sheet and providing capital flexibility
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