Earnings ·
Coronado Global Resources Inc. reported its half-year 2026 results, revealing a significant operational recovery in…
CODQLCoronado Global Resources Inc.
Coronado Global Resources Inc. reported its half-year 2026 results, revealing a significant operational recovery in the June quarter following disruptions in March. The company posted H1 revenue of US$981 million and a net loss of US$418 million, which included a non-cash impairment of US$177 million related to the divestment of the Logan Complex completed in July. Adjusted EBITDA for the half was a loss of US$83 million, though Q2 earnings improved by approximately US$100 million compared to Q1 due to record production at Buchanan and stabilized operations at Curragh. Saleable production increased nearly 40% in Q2, reaching 7.1 Mt for the half, while net debt rose to US$606 million from available liquidity of US$98 million as of June 30, 2026. The company also secured up to US$75 million in prepayments from Glencore AG and is executing a reset program at Curragh aimed at margin expansion and cash generation. Coronado Global Resources Inc. operates in the metallurgical coal mining industry.