The Whitehaven Coal Ltd (ASX: WHC) share price is in focus today after the coal miner posted FY26 revenue of $5.4 billion and net profit after tax of $385 million, despite tough coal markets and a $79 million shareholder dividend.
Image source: Getty Images
What did Whitehaven Coal report?
- Revenue of $5,401 million, down 7% on FY25
- Net profit after tax (NPAT) attributable to members was $385 million, down 41%
- Underlying NPAT of $227 million, down 29%
- Underlying EBITDA of $1,250 million, down 8%
- Final fully franked dividend of 6 cents per share (total FY26 payout: 10 cents per share)
- Group ROM coal production increased 3% to 40.3 million tonnes
What else do investors need to know?
Whitehaven delivered strong operational performance across its Queensland and New South Wales mines, with managed coal production reaching the top end of its guidance range. The acquisition and integration of the Daunia and Blackwater mines continued to add value, while a debt refinancing in April 2026 reduced borrowing costs and extended maturities.
The company generated solid cash from operations but saw a significant profit drop due to softer coal prices, a higher Australian dollar, and lower equity sales from Blackwater post sell‑down. Costs were kept in check, with a 5% fall in unit cost per tonne to $132, despite higher input costs, particularly for diesel.
What's next for Whitehaven Coal?
Looking ahead, Whitehaven expects FY27 managed ROM coal production to be in the range of 38–41 million tonnes. Management remains focused on disciplined cost control and productivity, particularly as energy, commodity, and currency markets stay volatile. Development work continues at projects like the Vickery Extension and the Winchester South metallurgical coal project, with a final investment decision dependent on market conditions and capital allocation priorities.
The company aims to further reduce its cost base, continue returning capital to shareholders through dividends and buybacks, and invest in growth opportunities that support long‑term value.
Whitehaven Coal share price snapshot
The Whitehaven Coal share price is up 17% over the past 12 months, outperforming the S&P/ASX 200 index (ASX: XJO), which is up 2% over the same period.
