Earnings call transcript: Whitehaven Coal posts strong Q1 2026 output as shares slip
Whitehaven Coal reported strong financial results for the first quarter of 2026, with a 3% increase in group run-of-mine (ROM) production to 11 million tonnes and solid saleable output at 8.5 million tonnes. Despite port disruptions at RG Tanna and PWCS, the company managed to maintain a lower end of its AUD 132 to AUD 147 per tonne cost guidance range, thanks to high production and a favorable mix of production in New South Wales.
The average realized coal price reached AUD 226 per tonne, up 2% from the previous quarter. However, managed sales decreased by 12% quarter on quarter due to port issues in Queensland. Whitehaven's shares fell 1.83%, leaving the stock near the lower half of its 52-week range. The company maintained its full-year guidance and expressed confidence in the outlook, focusing on cost control and operational smoothness as it navigates challenges in the coal market.
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