Quarterly UpdatesApr 28, 2026, 06:12 AM
CODQL Q1 2026: Buchanan EBITDA +100% to $30M; Business Reset
AI Summary
Coronado Global Resources Inc. reported Q1 2026 operational updates, initiating a structural business reset to improve cash flow and strengthen performance. Buchanan Complex more than doubled its EBITDA to $30M, demonstrating strong post-expansion performance. However, overall group production and sales volumes were lower quarter-on-quarter due to planned maintenance and early-year operational activity, and the Logan Complex was idled due to market challenges. The company expects improved operational run-rates and unit cost performance in Q2 and the second half of the year.
Key Highlights
- Initiated structural business reset, including mine plan optimization and contract resets.
- Buchanan EBITDA more than doubled to $30M in Q1 2026 vs. Q4 2025.
- Received $26M under revised Stanwell arrangements; no rebate payable.
- Group ROM production 5.4 Mt, down 21.7% QoQ; Saleable production 3.0 Mt, down 30.7% QoQ.
- Group realized met price $165.4/t, up 11.2% QoQ.
- Logan Complex idled due to structural challenges in the U.S. High-Vol market.
- Unit costs temporarily higher due to lower volumes, expected to improve in Q2/H2.