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Whitehaven Coal Limited (ASX:WHC)

ALERT: Price-sensitive ASX Announcement for WHC
Current share price for WHC : $7.690 -0.07 (-0.90%)+
Announcement
Release
19 Aug 2026 8:57AM
Price at Release
$7.760
Full Release
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Summary
Whitehaven Coal Limited's FY26 results highlight strong operational performance, achieving top-end production and sales guidance in both Queensland and New South Wales. The company's average coal price achieved was A$202/t, with substantial contributions from its diversified product and market portfolio, predominantly in Asia. Despite weather challenges, Queensland operations recovered well in the fourth quarter, and New South Wales operations continued to deliver high-quality thermal coal. The demand for metallurgical coal remains strong, particularly in Asia, where industrial growth is fueling increased steel production. The company focuses on safety, cost management, and maintaining shareholder value, projecting disciplined capital allocation and strategic growth in FY27.
Key Points
  • Whitehaven Coal Limited achieved strong operational results in FY26, reaching the top end of guidance for both ROM coal production and managed sales in Queensland and New South Wales.
  • The company reported an average price achievement of A$202/t, with significant contributions from Queensland and New South Wales operations.
  • Metallurgical coal demand remains robust, driven by industrial growth in Asia, particularly India, which is expanding its steelmaking capacity.
  • Whitehaven continues to benefit from product and market diversification, with a substantial portion of revenue generated in Asia.
  • Operational highlights include a strong recovery in Q4 for Queensland sites despite earlier weather disruptions and significant production volumes from Blackwater and Daunia.
  • The company is focusing on continuous improvement in safety, cost management, and productivity gains across its operations.
  • Shareholder value improved significantly, with a notable increase in sales tonnes per share and EBITDA per share despite cyclical market lows.
  • FY27 guidance includes maintaining disciplined capital expenditure and achieving production, sales, and cost targets in line with strategic goals.
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.