Stock Track | Whitehaven Coal Plummets 5.04% Intraday After Reporting Surprise First-Half Loss on Weaker Prices

Stock Track
Feb 19

Whitehaven Coal Ltd's stock plummeted 5.04% during intraday trading on Thursday, following the release of its first-half financial results.

The company reported an underlying net loss after tax of A$19 million for the six months ended December, a stark contrast to the Visible Alpha consensus estimate of a A$16 million profit and the A$350 million profit posted in the prior period. Revenue fell 28% to A$2.48 billion, missing the IBES estimate of A$2.55 billion, as the average realized coal price dropped approximately 19% year-over-year to A$189 per ton.

Management attributed the weaker financial performance to ongoing cyclical price weakness in metallurgical and thermal coal markets, citing global uncertainties surrounding U.S. tariffs and related trade dynamics. Despite the negative earnings surprise, the company declared an interim dividend of 4 Australian cents per share and announced plans for additional share buybacks.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10