Coronado Global Resources Inc. (CODQL) Form 8-K — Aug 10, 2026
Coronado Global Resources furnished its 2026 half-year results via 8-K on August 10, 2026, reporting revenue of US$981.3 million (up 7% year over year) but a net loss of US$418 million, widened from US$172 million a year earlier, including a US$177 million non-cash impairment tied to the Logan disposal group. Adjusted EBITDA was a loss of US$82.5 million for the half. The June quarter delivered a sharp operational recovery: saleable production rose nearly 40% versus the March quarter, Q2 adjusted EBITDA turned positive at US$6.8 million for a US$96 million sequential improvement, and record CHPP operating hours were achieved at both Curragh and Buchanan.
Key figures
- Revenue
- US$981.3 million (H1 2026; H1 2025: US$917.1 million)
- Guidance
- 2026 saleable production 16-17 Mt; average mining cash costs US$88-96/t; capex US$150-175 million, expected toward the lower end
- Net Income
- -US$418.0 million net loss (H1 2025: -US$172.4 million)
- Total Debt
- US$703.8 million interest-bearing liabilities; net debt US$606.1 million (30 June 2025: US$238.4 million)
- Revenue Yoy
- +7%
- Cash Position
- US$97.7 million cash and cash equivalents; available liquidity approximately US$98 million
- Group TRIR
- 1.34 at 30 June 2026 (down from 1.39 in Q1 2026)
- Impairment
- US$177 million non-cash impairment related to the Logan disposal group
- Sales Volume
- 7.0 Mt (H1 2025: 7.1 Mt)
- Capex H1 2026
- US$46.5 million (H1 2025: US$204.2 million, -77%)
- Mining Cash Cost
- US$113.5/t produced (+13% YoY vs US$100.4/t)
- Realized Met Price
- US$168.0/t (+12% YoY vs US$149.8/t)
- Buchanan Expansion
- capacity expanded ~4.5Mtpa
- Q2 adjusted EBITDA
- +US$6.8 million vs Q1 2026 -US$89.3 million (+US$96.1 million Q/Q)
- Glencore Prepayment
- up to US$75 million at 14% per annum, repayable over 12 months via coal deliveries
- Saleable Production
- 7.1 Mt (H1 2025: 7.2 Mt)
- Inventory At Period End
- ~780kt export saleable inventory
- Q2 production growth
- saleable production up ~37-40% Q/Q (4.1 Mt vs 3.0 Mt)
- Adjusted EBITDA H1 2026
- -US$82.5 million (H1 2025: -US$73.4 million)
- Stanwell Prepay Capacity
- up to US$250 million in FY26 downside liquidity support
- Operating Cost Per Tonne Sold
- US$151.8/t (H1 2025: US$137.1/t)
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.