Past year: ▲ 6%(6.93 – 9.25 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
25 July 2025quarterly activities report▲ Good
June quarter: ROM 10.6Mt; FY25 ROM 39.1Mt, top of the 35.0-39.5Mt guidance, with unit cost about $139/t and capex about $390m, both better than guidance. Net debt A$0.6b after the first US$500m BMA payment; first contingent payment only US$9m.
3 June 2025investor presentation● Neutral
Presentation for a Queensland site visit to Daunia and Blackwater, restating the acquisition rationale and that FY25 guidance is unchanged and tracking in the upper half. No new figures of substance.
29 Apr 2025quarterly activities report● Neutral
March quarter: ROM 9.2Mt (down 5%), equity sales 6.3Mt (down 20%) on weather and slow Narrabri progress. Net cash A$0.3b after Blackwater proceeds, versus A$1.0b net debt in December. First US$500m BMA payment made 2 April. Still on track for upper-half guidance.
4 Apr 2025investor presentation● Neutral
Slides for an analyst Q&A on Queensland price realisations and accounting topics. They stress that the 78-82% of PLV HCC realisation range is not a forecast and will vary by quarter. No new transaction or result.
31 Mar 2025farm in farm out completion▲ GoodMajor
The sale of 30% of Blackwater to Nippon Steel (20%) and JFE Steel (10%) completed, with US$1.08b cash received. This resolves the sell-down announced in August 2024; economic ownership of the joint venture starts 1 April 2025.
20 Feb 2025half year report● Neutral
Half-year to 31 Dec 2024: revenue $3.4b (up from $1.6b), underlying profit $328m (down from $379m), statutory profit $77m after $251m of mostly acquisition-related adjustments. Interim dividend 9c, up from 7c. Full report behind the results announcement.
20 Feb 2025investor presentation● Neutral
Half-year results presentation repeating announced figures: 19.4Mt ROM, A$232/t price, $960m EBITDA, $328m underlying profit, 9c dividend. No new information.
20 Feb 2025half year report▲ GoodMajor
H1 FY25 underlying profit $328m, EBITDA $960m (vs $632m), with $588m from Queensland. Interim dividend 9c plus a buy-back of up to $72m, resuming the suspended buy-back. Guidance unchanged apart from the Blackwater stake adjustment; capital allocation review due after sale proceeds.
20 Feb 2025farm in farm out completion▲ GoodMajor
All approvals are in and the 30% Blackwater sale to Nippon Steel (20%) and JFE Steel (10%) will complete 31 March 2025 for US$1.08b. Proceeds precede the first US$500m deferred payment to BMA on 2 April 2025. Equity sales guidance trimmed to 24.3-27.4Mt for the 70% stake.
29 Jan 2025quarterly activities report▲ Good
December quarter: group ROM 9.7Mt, equity sales of produced coal 7.8Mt (up 22%), and net debt down to A$1.0b. Costs are at the lower end of guidance, and US$1.08b of Blackwater sale proceeds is still expected in the March quarter 2025.
30 Oct 2024agm notice▲ Good
AGM results: the remuneration report passed with 12.93% against, avoiding a second strike, so the conditional spill resolution was not put. Flynn's share appreciation rights passed with 40.85% against. Vaile, Robertson and McCormack were all elected.
30 Oct 2024agm notice● Neutral
Chairman's and CEO's AGM addresses and presentation. The chair says Daunia/Blackwater has delivered in line with expectations and that the 30% Blackwater sale should complete in early 2025. Repeats known facts.
25 Oct 2024quarterly activities report▲ Good
September quarter: group ROM 9.7Mt, with Queensland 5.3Mt (up 11%) and NSW 4.4Mt (down 12% as planned). Net debt fell to A$1.2b, and Blackwater sell-down proceeds of US$1.08b are expected in the March quarter 2025. Costs are tracking at the bottom end of guidance.
25 Sept 2024agm notice● Neutral
Notice of the 30 October 2024 AGM. Shareholders vote on the remuneration report (a second strike of 25% or more against would trigger a conditional spill vote), awards to CEO Paul Flynn, re-election of Vaile and Robertson, and election of McCormack.
25 Sept 2024other● Neutral
2024 Sustainability Report covering safety, climate and community performance. NSW injury rate of 3.3 was its best ever; the newly acquired Queensland mines recorded 6.6 for the June quarter. Reporting only, no new transaction or result.
25 Sept 2024other● Neutral
Appendix 4G and corporate governance statement for FY24, a standard annual compliance filing confirming where governance disclosures can be found. No substantive new information.
25 Sept 2024annual report● Neutral
The 2024 Annual Report restates the year's results: $3.8b revenue, $740m underlying profit, net debt $1.3b, and 20c full-year dividend. It describes the Daunia/Blackwater purchase as doubling the business, and notes the 30% Blackwater sell-down. No new figures in the extract.
25 Sept 2024regulatory community update▲ GoodMajor
The Federal Government approved Narrabri Stage 3 under the EPBC Act, subject to conditions. This resolves the long-awaited Minister's decision and extends mine life from 2031 to 2044, supporting about 500 continuing jobs.
22 Aug 2024annual report● NeutralMajor
FY24 underlying profit $740m on revenue of $3.8b; statutory profit $355m after $385m of mostly acquisition costs. Net debt A$1.3b; final dividend 13c. FY25 guidance is 35.0-39.5Mt managed ROM, now including a full year of Queensland.
22 Aug 2024farm in farm out agreement▲ GoodMajor
Whitehaven agreed to sell 30% of Blackwater to Nippon Steel (20%) and JFE Steel (10%) for US$1.08b cash, with offtake agreements. Completion is expected in the March quarter 2025. Whitehaven stays operator and remains liable for 100% of deferred and contingent payments. Delivers the sell-down flagged earlier.
22 Aug 2024annual report▼ Bad
FY24 revenue $3.82b (down 37%), statutory profit $355m (down 87%), underlying profit $740m. Final dividend 13 cents plus 7 cent interim. AGM set for 30 October 2024.
22 Aug 2024investor presentation● Neutral
Full-year results presentation repeating the announced figures: $3.8b revenue, $1.4b underlying EBITDA, $740m underlying profit, 13c final dividend and 24.5Mt ROM output. No new information.
9 Aug 2024regulatory community update▲ Good
The High Court refused the Environment Council of Central Queensland special leave to appeal over Narrabri Stage 3, ending that legal challenge. Whitehaven now awaits the Environment Minister's final EPBC decision, which it says is over two years delayed.
19 July 2024quarterly activities report▲ Good
First quarter with Queensland: QLD ROM 4.8Mt at A$271/t, within guidance; NSW ROM 4.9Mt, FY24 group ROM 24.5Mt. First Vickery early-mining coal produced and Werris Creek mining completed. Net debt A$1.3b at 30 June 2024, subject to audit.
16 May 2024regulatory community update▲ Good
The Full Federal Court dismissed the Environment Council of Central Queensland's appeal over the EPBC process for Narrabri Stage 3, clearing the way for the Environment Minister's final decision. The project would extend mine life from 2031 to 2044.
19 Apr 2024quarterly activities report● Neutral
March quarter ROM production 4.4Mt, down 13%, with Narrabri weak on geological problems; price A$219/t. Autonomous haulage trial at Maules Creek ended, back to manned operations. Acquisition completed 2 April, adding over 2,100 staff; QLD expected 4.5-5.0Mt ROM in June quarter.
2 Apr 2024asset acquisition disposition▲ GoodMajor
Whitehaven completed the acquisition of 100% of the Daunia and Blackwater metallurgical coal mines from BMA, announced October 2023. This resolves the pending deal and makes it a metallurgical coal producer. Next update is due 19 April 2024.
8 Mar 2024material agreement▲ GoodMajor
All conditions are satisfied for the Daunia and Blackwater acquisition, with completion scheduled for 2 April 2024. Whitehaven will pay US$2.0b, funded by the US$1.1b term facility and balance sheet cash. Resolves the regulatory-approval thread.
15 Feb 2024half year report● Neutral
Half-year underlying profit $372.3m on a realised price of A$220/t; net cash $1.5b. Acquisition completion targeted 2 April 2024, funded by the US$1.1b facility plus cash. The Maules Creek autonomous haulage trial is being concluded, resolving that open thread.
15 Feb 2024investor presentation● Neutral
Half-year results presentation repeating known figures: $1.6b revenue, $372m underlying profit, 7 cent dividend, and completion of the Daunia/Blackwater acquisition expected 2 April 2024. No new information.
