Quarterly ResultMay 11, 2026, 03:17 PM
Coronado Global Q1 Net Loss $318.6M; Logan Mine Idled, $159.8M Impairment
AI Summary
Coronado Global Resources Inc. reported a net loss of $318.6 million for Q1 2026, significantly wider than the $96.2 million loss in Q1 2025, primarily due to a $159.8 million impairment charge related to the idling of its Logan mine complex. Total revenues increased slightly to $467.2 million from $449.2 million year-over-year. The company's cash and cash equivalents decreased to $121.0 million from $173.0 million at the end of 2025, reflecting operational challenges and seasonal impacts.
Key Highlights
- Logan mine complex idled due to sustained weakness in U.S. domestic Met coal markets.
- Recorded a $159.8 million impairment charge against long-lived assets in Q1 2026.
- Net loss widened to $318.6 million in Q1 2026 from $96.2 million in Q1 2025.
- Total revenues increased to $467.2 million in Q1 2026 from $449.2 million in Q1 2025.
- Cash and cash equivalents decreased to $121.0 million as of March 31, 2026, from $173.0 million.
- Consolidated Adjusted EBITDA was a loss of $89.4 million, compared to a loss of $72.8 million YoY.
- Net cash used in operating activities was $40.9 million, up from $37.3 million YoY.
- Total stockholders' equity decreased to $325.9 million from $649.7 million.
Price Impact
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