InvestSMART

Whitehaven Coal Limited (ASX:WHC)

ALERT: Price-sensitive ASX Announcement for WHC
Current share price for WHC : $7.890 0.42 (5.62%)+
Announcement
Release
28 Jul 2026 8:40AM
Price at Release
$7.470
Full Release
download
Summary
Whitehaven Coal Limited reported strong results for the June 2026 quarter, ending FY26 with managed ROM production of 40.3 million tonnes, which is a 3% increase from FY25, and equity sales of produced coal reaching 26.0 million tonnes. The company's revenue mix comprised 57% metallurgical and 43% thermal coal. The total recordable injury frequency rate improved to 3.3, and significant cost savings were achieved, targeting A$60-80 million annually. Unit production costs were approximately A$132/t, and capital expenditures were around A$350 million, both at the lower end of the guidance. Whitehaven's net debt increased to A$1.3 billion by the end of June 2026 due to a US$500 million deferred acquisition payment. The company also reported successful QLD and NSW operations, with significant production increases despite earlier weather impacts. Looking forward, Whitehaven is well-positioned to benefit from favorable market conditions, particularly in the metallurgical coal segment due to supply constraints.
Key Points
  • Strong Q4 FY26 performance by Whitehaven Coal Limited.
  • ROM coal production reached 40.3Mt, a 3% increase from FY25.
  • Equity sales of produced coal totaled 26.0Mt.
  • Revenue mix was 57% metallurgical coal and 43% thermal coal.
  • Total recordable injury frequency rate improved to 3.3.
  • Achieved annualized cost savings of A$60-80 million.
  • Unit production cost was approximately A$132/t.
  • Capital expenditures were around A$350 million.
  • Net debt increased to A$1.3 billion by June 2026 due to acquisition payments.
  • Strong production recovery in QLD and NSW after earlier weather impacts.
  • Favorable market conditions expected to benefit Whitehaven, especially in metallurgical coal.
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.