CODQL
Coronado Global Resources Inc.0.2050
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Logan idles; growth gated by cash
Q&A detailed Logan's imminent idle after Q1 contracts amid U.S. weakness and tariffs, with sale options tabled for deleveraging. Guidance absorbs Mammoth's one-month downtime and Curragh cyclone, baking in catch-up runs. Mammoth Phase 2, BFS-approved, gates on $400M liquidity post-$300M Stanwell threshold. Logan faces the axe. CEO and Chairman transitions promise team continuity on cost discipline. Investors eye cash trajectory and Logan exit.
Key Stats
Market Cap
349.14MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Coronado Global Resources Inc. filed its 10-K for FY2025 ended December 31, 2025, as an accelerated filer and smaller reporting company with common stock traded as CDIs on the ASX. The filing includes an exhibit for the Third Amendment to the Syndicated Facility Agreement dated November 27, 2025, amending the Original SFA effective upon the Refinancing Coordination Deed's Effective Time, involving borrowers Coronado Finance Pty Ltd and Coronado Curragh Pty Ltd, multiple guarantors across Australia and the US, and agents Global Loan Agency Services Australia Pty Ltd and Nominees Pty Ltd. This amendment restates the SFA to provide an Australian dollar revolving facility up to the US$265M equivalent, secured by comprehensive collateral including Australian mining tenements and US assets, with covenants on borrowing base (≥80%), gearing (≤50% from 2027), and interest coverage (≥2.0x from 2027), alongside Stanwell coal supply amendments deferring payments and waiving rebates conditional on liquidity thresholds amid ongoing refinancing efforts. No financial statements or quarterly metrics are detailed in the provided excerpt, focusing instead on governance, risk factors, and facility restructuring to support Curragh Mine operations; a key risk is potential supply disruptions from mining tenement transfers without Stanwell consent.
8-K
Bitzer resigns, stays part-time
Coronado Global Resources' Chief Development Officer Jeffrey D. Bitzer resigned effective February 28, 2026, but signed a part-time deal on February 26 to aid the board and management for six months starting March 1. He gets $27,000 monthly plus active employee benefits. Bitzer retains incentive units and PSUs. Smooth transition secured.
8-K
CEO resigns; interim named
Coronado Global Resources' CEO Douglas Thompson resigned February 22, 2026, to pursue new opportunities, with no set exit date; he'll aid transition while the board hunts a successor. Chief Development Officer Jeff Bitzer exits full-time February 28 but stays part-time for key projects. Planned: Executive Chair Gerry Spindler steps in as interim CEO. Leadership shakeup tests continuity.
8-K
FY25 loss amid cost cuts
Coronado disclosed FY25 results on February 23, 2026, posting revenue of $1.95B (down 22%) and net loss of $432M amid weak met coal prices averaging $149/Mt realized, yet saleable production rose to 16Mt while mining costs fell 9% to $97.5/Mt. Stanwell restructured debt with a $265M ABL facility at 9% and waived rebates, bolstering liquidity to $173M cash against $524M net debt. Costs slashed sharply.
8-K
Mammoth restarts, Logan curtailed
Coronado restarted Mammoth Underground Mine operations on February 11, 2026, after a fatal accident suspension, with full production due soon under RSHQ safety rules. Logan Complex faces U.S. high-vol weakness, curtailing output to meet contracts by March before potential idling. Australian ops stabilized post-cyclone; March cash flow lifts from $15/t PLV price rise. Investor call set for February 23.
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