The New Hope Corporation Ltd (ASX: NHC) share price is in focus today after the company reported underlying EBITDA of $106.9 million for the quarter ended 31 January 2026, and group coal sales up 8.2% compared to the previous quarter.
What did New Hope Corporation report?
- Group Run of Mine (ROM) coal production: 4.1 million tonnes, up 4.8% from last quarter
- Coal sales: 2.9 million tonnes, up 8.2% from last quarter
- Average realised sales price: $139.0 per tonne, up from $136.6 per tonne
- Underlying EBITDA: $106.9 million for the quarter, and $214.8 million for the first half FY26
- Available cash balance: $616.8 million at 31 January 2026
- Reduction in Bengalla Mine’s FY26 sustaining capital guidance to $100â130 million
What else do investors need to know?
New Hope continued its strong mining performance at both Bengalla and New Acland mines, with improved logistics supporting higher coal sales. Saleable coal production grew 2.8% for the quarter, while Queensland’s New Acland Mine increased output thanks to higher yielding coals and improved rail availability.
Safety remains a focus, with the All-Injury Frequency Rate rising to 35.20, and the company reporting four high potential safety events during the quarter. The board noted no shares were acquired under the ongoing $100 million buy-back program during the period, but capital management remains a priority.
Malabar Resources, in which New Hope holds a 25.97% stake, advanced the Maxwell Underground project and secured a major debt facility for future growth. New Hope also entered a deed to extinguish its financial guarantee liability related to Bowen Coking Coal, which will see a $12 million settlement paid to New Hope if creditors approve the deal.
What did New Hope Corporation management say?
Chief Executive Officer Rob Bishop said:
Our operations delivered improved productivity and output on the back of better mining conditions and logistics performance. We are focused on maintaining safe, reliable production and delivering value to our shareholders.
What’s next for New Hope Corporation?
Looking ahead, New Hope expects Bengalla Mine to return to its normal 13.4 million tonne per annum ROM coal production rate in the second half of FY26, as pit sequences recover from last year’s severe weather. Guidance for group and site-specific production and sales remains unchanged, with a notable reduction in sustaining capital expenditure at Bengalla Mine.
The company remains committed to disciplined capital management, exploring shareholder return options, and tracking developments at its strategic investments. Completion of the Bowen Coking Coal settlement and publication of its interim report in March 2026 are also on the near-term agenda.
New Hope Corporation share price snapshot
Over the past 12 months, New Hope Corporation shares have risen 6%, slightly outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 5% over the same period.
The post New Hope Corporation Q2 FY26 earnings: coal sales and EBITDA hold steady appeared first on The Motley Fool Australia.
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