ASX$CODQL
Coronado Global Resources Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Coronado's financial performance declined due to impacts of COVID-19 and weaker global demand for metallurgical coal.
Coronado reported a challenging second quarter due to the impacts of COVID-19 and weaker global demand for metallurgical coal. While production was strong, lower prices significantly impacted revenue and profitability.
- Revenue decreased significantly compared to the prior year due to lower metallurgical coal prices.
- Net loss was reported, a stark contrast to the net income in the same quarter last year.
- Operating costs were reduced, but not enough to offset the revenue decline.
- The company is focused on cost management and optimizing production in response to market conditions.
Headline financials
Revenue & EPS history
Coronado · Revenue · Quarterly
A$304M
Revenue by segment
Coronado · A$2.17B total across 4 segments · Q4 2019
- CurraghA$1.43B-1.3%65.8%
- BuchananA$405M-20.6%18.6%
- LoganA$286M+23.0%13.1%
- GreenbrierA$53.3M-20.6%2.5%
Forward guidance
Coronado anticipates continued market volatility due to the pandemic. They are focused on managing costs and adjusting production to meet demand.
Tailwinds
- Focus on cost reduction initiatives to improve profitability.
- Optimizing production to align with market demand.
- Maintaining a strong cash position to navigate uncertainty.
- Continuing to explore opportunities for diversification.
- Committed to meeting customer obligations.
Headwinds
- Continued uncertainty due to the COVID-19 pandemic.
- Potential for further price volatility in metallurgical coal markets.
- Risk of reduced demand from key steel-producing regions.
- Challenges in managing operating costs in a volatile environment.
- Impact of currency fluctuations on revenue and profitability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+41.0%
Avg return
Earnings day
+51.7%
Avg return
5 days after
+42.6%
Avg return
30 days after
6%
1 / 18 earnings
Positive
+844.0%
Q2 2022
Best reaction
-38.9%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +0.0% | +0.0% | -3.3% | |
| Q3 2024 | +0.0% | +0.0% | -8.3% | |
| Q2 2024 | +0.0% | +0.0% | +0.0% | |
| Q1 2024 | +0.0% | +0.0% | -6.7% | |
| Q4 2023 | -26.9% | +0.0% | -21.3% | |
| Q3 2023 | +0.0% | -1.9% | -1.9% | |
| Q2 2023 | +0.0% | -14.4% | -9.6% | |
| Q1 2023 | -28.3% | -1.8% | -20.5% | |
| Q4 2022 | -38.9% | -5.1% | -5.8% | |
| Q3 2022 | +0.0% | +0.0% | +12.8% | |
| Q2 2022 | +844.0% | +964.0% | +804.0% | |
| Q1 2022 | +0.0% | +0.0% | +0.0% | |
| Q4 2021 | +0.0% | +0.0% | +0.0% | |
| Q3 2021 | +0.0% | +1.2% | -1.2% | |
| Q2 2021 | -11.1% | -11.1% | -11.1% | |
| Q1 2021 | +0.0% | +0.0% | +0.0% | |
| Q4 2020 | +0.0% | +0.0% | +0.0% | |
| Q3 2020 | +0.0% | +0.0% | +39.7% | |
| Q2 2020 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q2 2019 | — | — | — |
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