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Whitehaven Coal Limited (ASX:WHC)

ALERT: Price-sensitive ASX Announcement for WHC
Current share price for WHC : $7.260 -0.44 (-5.71%)+
Announcement
Release
28 Apr 2026 8:34AM
Price at Release
$7.700
Full Release
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Summary
In the March 2026 quarter, Whitehaven Coal Limited reported solid run-of-mine (ROM) production and robust sales across operations in Queensland (QLD) and New South Wales (NSW). The total recordable injury frequency rate improved to 3.2 from 4.6 in FY25. Managed ROM production was 9.5 million tonnes (Mt), a 14% decrease quarter-on-quarter due to seasonal factors. Equity sales remained steady at 6.8 Mt. Coal prices rose, with metallurgical and thermal coal showing significant improvements. Whitehaven is on track to achieve annualized cost savings of A$60 million to A$80 million by June 2026. The company’s net debt was reduced to A$0.6 billion prior to a US$500 million payment to BMA. Refinancing efforts are set to yield substantial interest savings. In QLD, ROM production was affected by the wet season, while NSW maintained strong outputs. Whitehaven’s financial position was bolstered by successful refinancing, while cost control measures were effective in maintaining operational efficiency. The company’s guidance for FY26 remains firm, with production and sales expected to be within the upper half of the forecast range.
Key Points
  • Solid ROM production and strong sales in QLD and NSW.
  • Improved injury frequency rate to 3.2 in FY26.
  • Managed ROM production decreased by 14% due to seasonality.
  • Equity sales of 6.8 Mt were steady compared to the previous quarter.
  • Metallurgical and thermal coal prices improved significantly.
  • Targeted cost savings of A$60 million to A$80 million by June 2026.
  • Net debt reduced to A$0.6 billion before a major payment.
  • Refinancing expected to deliver significant interest savings.
  • QLD production impacted by wet season, while NSW maintained strong outputs.
  • FY26 guidance remains firm, with production and sales expected in the upper half of the forecast range.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.