Coal news and updates

Whitehaven Coal Reports Strong Growth and Strategic Divestiture

 and never miss an update about Whitehaven Coal Limited stock!

Whitehaven Coal Limited reports strong FY24 financial results, with $1.4 billion in underlying EBITDA and a net profit of $740 million before significant acquisition-related costs. The company declared a fully franked final dividend of 13 cents per share, reflecting an increase in production and revenue, and announced a strategic divestiture agreement with Nippon Steel and JFE Steel for joint venture interests that’s expected to bring in US$1.08 billion. These moves are part of a transformative year for Whitehaven, marked by the acquisition of Daunia and Blackwater mines that promise to add value and scale benefits to the company.