Whitehaven Coal's Production Flat in Fiscal Q2; Revenue Up

MT Newswires Live
01-29

Whitehaven Coal (ASX:WHC) produced 9.7 million tonnes of managed run-of-mine coal in the fiscal second quarter ended December 2024, in line with the September quarter, according to a Tuesday filing with the Australian bourse.

Managed saleable coal production rose 10% quarter on quarter to 7.8 million tonnes from 7.1 million tonnes, the filing said.

Total managed coal sales jumped 21% to 8.9 million tonnes from 7.4 million tonnes in September, as per the filing.

Revenue for Q2 was $702 million, up from $632 million in the previous quarter, leading to a fiscal first-half revenue of $1.91 billion.

Analysts polled by Visible Alpha were expecting AU$1.69 billion in revenue for fiscal Q2 and AU$3.3 billion in fiscal H1.

The company said it is on track to deliver firmly in the upper half of fiscal 2025 production guidance of 35 million tonnes to 39.5 million tonnes and sales guidance of 28 million tonnes to 31.5 million tonnes but at the lower end of unit cost guidance of AU$140 per tonne to AU$150 per tonne range.

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