Business · Energy & Commodities · 3 hrs ago

Whitehaven Coal reports record quarterly production and maintains FY27 outlook

Whitehaven Coal reports record quarterly production and maintains FY27 outlook

Whitehaven Coal produced a record 11 million tonnes of coal in the September quarter, its first quarter of FY27.

The Australian miner’s production was 22% higher than in the same period a year earlier.

Coal sales fell 5% to 6 million tonnes as temporary disruptions at Queensland’s RG Tanna export terminal delayed shipments.

The company says those disruptions have been resolved and expects sales to pick up in the December quarter.

Costs were at the low end of the company’s guidance, while the average price received for coal rose to A$226 a tonne.

Whitehaven kept its FY27 targets of 38 million to 41 million tonnes of production and 23.9 million to 26 million tonnes of sales.

The company expects port and sales volumes to recover as shipping delays ease, while development work continues at its Vickery and Winchester South projects.

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