Whitehaven Coal (WHC) - A solid quarter
November 5, 2024
Whitehaven Coal develops and operates metallurgical and thermal coal mines in New South Wales and Queensland.
The company had a solid September quarter of production and sales, with all mines delivering as planned or better. Group performance in Q1FY25 included managed run-of-mine production of 9.7Mt, and total equity sales of 6.4Mt. Net debt was $1.2 billion.
Queensland operations achieved strong production and productivity improvements at Blackwater and Daunia, with run-of-mine (ROM)production up 11% and sales up 13%. Average coal price increased to $259/t.
New South Wales saw improved Narrabri production and focused on overburden removal. Run-of-mine production was down 12%, with equity sales down 16%. Average coal price was $211/t.
Run-of-mine coal production is expected to increase in the second half of FY25. Global metallurgical coal production shortfalls and increased Indian demand are expected to drive prices higher, which will benefit Whitehaven.
Insights that count
Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.
PEXA Group (PXA) – Trading update
PEXA Group provides a digital property settlements platform in Australia and the UK, operating through three divisions.
Megaport (MP1) – Major contract win
Megaport provides a cloud-based software-defined network platform that enables users to connect their network to other services, known in the industry as ‘network as a service’ (NaaS), and has customers in Australia, New Zealand, Hong Kong, Singapore, Japan, North America and Europe.
AGL Energy (AGL) & Origin Energy (ORG) – Battery overbuilding clouds earnings outlook
AGL Energy supplies energy generated from coal, gas-fired, wind, hydro, solar and grid-scale batteries, and also offers natural gas storage and other firming and storage technology.
.jpg)