Whitehaven’s Queensland mines shine amid Q1 FY25 results
Whitehaven Coal (ASX:WHC) has reported a robust start to FY25, driven by gains in its Queensland operations.
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Can Whitehaven weather the coal storm?
Whitehaven Coal (ASX:WHC) has joined rival Yancoal Australia in reporting a significant decline in revenue and earnings due to a global downturn in coal prices during the year ending June. Unlike Yancoal, which opted to conserve cash by suspending dividends, Whitehaven declared a smaller dividend after investing billions of dollars in two Queensland mines formerly owned by BHP and Mitsubishi.
Read MoreWhitehaven Coal’s financial results and acquisition update
Whitehaven Coal (ASX:WHC) was somewhat reserved regarding the movement in major financial metrics in its December half-year results press release, issued Thursday morning.
Read MoreCoal slump hits Whitehaven and Yancoal hard
The impact of the slump in global thermal coal prices has become evident in the latest quarterly reports from major coal miners and exporters, Whitehaven and Yancoal Australia.
Read MoreWhitehaven Coal faces scrutiny over US$4.1 billion deal amid shareholder dispute
Whitehaven Coal (ASX:WHC) is holding its annual meeting in Sydney today, with the focus on its multi-billion-dollar deal to purchase two aging Queensland coking coal mines from BHP and Mitsubishi. Shareholders are expected to question the board about the $US4.1 billion deal, which has faced opposition from London-based activist shareholder Bell Rock Capital.
Read MoreWhitehaven’s funding strategy
Whitehaven Coal (ASX:WHC) plans to acquire two Queensland coking coal mines from BHP and Mitsubishi, opting for a traditional layaway plan over modern equity/debt packages preferred by banks and corporate advisers.
Read MoreStocks of the Hour: Whitehaven Coal, Paradigm Biopharma, Noxopharm, Liontown Resources
A snapshot of the stocks on the move, featuring Whitehaven Coal (ASX:WHC), Paradigm Biopharmaceuticals (ASX:PAR), Noxopharm (ASX:NOX) and Liontown Resources (ASX:LTR).
Read MoreWhitehaven Coal halts trading to secure financing for BHP Mitsubishi Alliance mines
Whitehaven Coal (ASX:WHC) has halted trading in its shares until Friday as it finalises a substantial finance package to purchase BHP Mitsubishi Alliance's Daunia and Blackwater export coking coal mines in Queensland.
Read MoreWhitehaven Coal Achieves Record Earnings Amidst Slump in Coal Prices
In the face of declining global coal prices, particularly thermal coal, the fiscal year 2022-23 stands as Whitehaven Coal's pinnacle, as the company reported unprecedented earnings in its recent Thursday announcement.
Read MoreWhitehaven Coal achieves strong results despite challenges
17 Jul 2023 – Whitehaven Coal (ASX:WHC) has announced robust financial results for the fiscal year 2023, overcoming operational challenges.
Read MorePoor Quarter Sees Whitehaven Cut Forecasts
Whitehaven Coal warned Wednesday that a weak production performance in the March quarter had forced it to cut its 2022-23 output and sales guidance by upwards of 10%.
Read MoreResource Rumblings: WHC, S32, EVN
The reporting season rolled on Thursday with half-yearly results out from three of the local mining fraternity: South32, Evolution Mining and Whitehaven Coal.
Read MoreWhitehaven Getting it While the Going’s Good
Whitehaven Coal probably has six more months of earnings outperformance left before it is brought back to reality by the sliding price of high-quality thermal coal exports.
Read MoreWhitehaven Underwater for Second Straight Year
The La Niña-linked heavy rain and flooding around Gunnedah in NSW has seen Whitehaven Coal forced to cut production and sales guidance for a second year in a row.
Read MoreNot-So-Vicious Cycle for Whitehaven
A flooding-related production shortfall for Whitehaven Coal has provided the unanticipated benefit of pushing the price for the company’s thermal coal to new record levels.
Read MoreMarket All Fired Up over Coal Stocks
More record highs for local coal miners Whitehaven and New Hope as punters sought to buy to grab extra profits for coal exports not even earned yet after the OPEC+ oil output cut.
Read MoreCoal Space Rolling on, Rolling in it
Whitehaven Coal shares touched record levels this week after revealing more rewards from the coal price boom for shareholders to enjoy; others in the space are doing equally well.
Read MoreCoal Run Puts Whitehaven in the Pink
Thursday saw Whitehaven Coal confirm the strong performance in the June 30 year that the company had all but laid out in its production and sales update in late July.
Read MoreWhitehaven Hits Decade High on Record Earnings
NSW coal miner Whitehaven is looking at record earnings of $3 billion for the year to June 30, news that saw the shares hit an 11-year high of $6.14 in Monday’s ASX trading session.
Read MoreWinners and Losers in NSW / Queensland Budgets
Budget tax moves have seen coal miners up in arms about a rise in royalties in Queensland, but Tabcorp is happy about the NSW Government’s changes to gambling taxes.
Read MoreAustralia’s Position in the Global Energy Crisis
With energy prices rampant, Australia finds itself in a unique position – shift to cleaner, renewable energy, or support the use of traditional coal power stations to combat this crisis.
Read MoreCoal Sector Aglow with Selling and Speculation
Investors in the local coal sector ran for the hills on Thursday with heavy falls in the share prices of a few major players and plenty of speculation about one in particular.
Read MoreWHC – Credit Suisse rates the stock as Outperform
Target price rises to $5.60 from $4.70. Outperform rating retained.
Read MoreStrong Numbers Push Whitehaven to 4-Year Highs
Wednesday saw shares in Whitehaven Coal, the country’s biggest locally owned coalminer, hit new multi-year highs off the back of an upbeat March quarter production and sales report.
Read MoreWHC – Morgans rates the stock as Add
The target rises to $5.20 from $3.72. Add.
Read MoreWhitehaven Hit by Profit-Taking after Record Result
Whitehaven produced a set of record results for the December half on Thursday and returned to dividend payouts for the first time in two years, and yet the shares slid 6% at one stage.
Read MoreWhitehaven Coal Blames it on the Rain
Whitehaven Coal shares came under further pressure on Monday, falling more than 4% to a close of $2.65 in the wake of the miner’s weak December quarter report and outlook.
Read MoreWHC – Morgans rates the stock as Add
The analyst’s target price of $3.65 (down from $3.92) includes a premium to allow for upside risk for coal prices. Add rating maintained.
Read MoreWHC – Citi rates the stock as Buy
Citi upgrades Whitehaven Coal to Buy from Neutral after the recent strong retreat in the share price. Target price eases to $3.20 from $3.50.
Read MoreWhitehaven White-Hot Thanks to Coal Boom
Whitehaven Coal told the market on Thursday that it expects to be debt-free within six months as a global energy crisis drives prices for its thermal coal to record levels above $US250 a tonne.
Read MoreWHC – Morgans rates the stock as Add
Morgans lifts its target price to $2.65 from $2.30 on higher than expected thermal coal prices.
Read MoreWhitehaven Cuts Guidance Yet Again
For the third time this year, NSW coal miner Whitehaven Coal has trimmed its full-year production guidance, although it reaffirmed previous forecasts for total managed coal sales and unit costs.
Read MoreWHC – Credit Suisse rates the stock as Downgrade to Neutral
Credit Suisse downgrades to Neutral from Outperform with the target price dropping to $1.55 from $1.95.
Read MoreWhitehaven No Haven At All
Shares in Whitehaven Coal slumped more than 14% on Thursday after it revealed another downgrade to its sales estimates for the year to June 30.
Read MoreWHC – Macquarie rates the stock as Neutral
Damage to a shiploader at Newcastle’s port amid floods in NSW has affected the company’s operations. The top end of guidance is now downgraded. Macquarie’s Neutral rating and $1.70 target retained.
Read MoreWhitehaven Fades to Grey with Big Loss
The fading fortunes of the Australian coal industry were underlined Wednesday when major NSW exporter, Whitehaven reported a big loss and withheld their dividend.
Read MoreWhitehaven Talks Up Guidance Despite China Ban
According to Whitehaven Coal, Australian coal is finding its way into China despite the continuing ban by the Chinese government. Whitehaven shares rose 3.1% to end at $1.805 after being up more than 6% at one stage.
Read MoreWHC – UBS rates the stock as Buy
Whitehaven Coal has revised its mine plan for Narrabri to enable earlier access to Southern zone which UBS expects will improve costs and productivity. The stage 3 expansion at Narrabri mine is expected to involve costs of $400m.
Read MoreThermal Coal Collapse Wipes Out Whitehaven Profit
The COVID-19 driven collapse in coal prices globally in 2020, especially for thermal coal, has slashed Whitehaven Coal’s net profit for the year to June by 95%.
Read MoreWHC – UBS rates the stock as Buy
Whitehaven Coal has received NSW Independent Planning Commission approval to expand the Vickery project to 10mtpa. A range of secondary approvals must now be obtained to progress the expansion and UBS expects these by the end of 2020.
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