ASX$CODQL
Coronado Global Resources Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Coronado's operational improvements at Curragh led to higher production, sales, lower costs, and improved margins.
Coronado Global Resources Inc. reported a decrease in revenue and net income for HY24 compared to HY23, but Q2 2024 showed material improvement in production, sales, costs, and revenue due to operational improvements. The company reaffirmed its FY24 guidance and continues to invest in organic growth projects.
- Group Revenue decreased by 10% to $1,342 million due to lower average Met Coal prices.
- Net Income decreased by 91.9% to $16.2 million.
- Group Average Realised Met Coal Price was $199.3 per tonne.
- Available liquidity as at 30 June 2024 was $414 million, with net debt of $5 million.
Headline financials
Revenue & EPS history
Coronado · Revenue · Quarterly
$1.02B
Revenue by segment
Coronado · $2.17B total across 4 segments · Q4 2019
- Curragh$1.43B-1.3%65.8%
- Buchanan$405M-20.6%18.6%
- Logan$286M+23.0%13.1%
- Greenbrier$53.3M-20.6%2.5%
Forward guidance
Coronado reaffirms previously announced FY24 guidance for Saleable Production (16.4 – 17.2 Mt); Mining Costs Per Tonne Sold ($95 - $99/t), and Capital Expenditure ($220 million - $250 million).
Tailwinds
- Saleable Production between 16.4 and 17.2 Mt
- Mining Costs Per Tonne Sold between $95 and $99
- Capital Expenditure between $220 million and $250 million
- Expected strong prices on the back of Indian restocking appetite after the monsoon season.
- Met Coal supply is expected to be restricted with mine production issues from peers.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2024
+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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