Black checkmark with a sparkle and a curved line underneath on a white background.
Company

Coronado Global Resources Inc.

Ticker
CODQL
Sector
Industry
Report date
November 9, 2026
Valye AI Score

94

Very high visibility
Recent developments
Recent developments summary

Recent news coverage includes industry and market developments relevant to the coal and energy sectors but does not report direct business developments for Coronado Global Resources Inc.

Recent developments:
  • Industry news highlights include market dynamics affecting commodities such as coal and energy, providing context for Coronado’s operating environment [N1].
  • No direct recent business announcements or financial updates specific to Coronado Global Resources Inc. were identified in the latest news [N1-N8].
Overview

Coronado Global Resources Inc. operates coal mining complexes primarily in the United States and Australia. The company’s U.S. operations are regulated by the Mine Safety and Health Administration and state agencies. It sells coal under contracts with prices set by daily index averages or fixed terms. In 2025, the company produced 16.0 million metric tons of saleable coal, with metallurgical coal comprising the majority of sales volume and revenue. Despite challenging market conditions with declining coal prices, Coronado improved operational performance and reduced mining costs per metric ton. The company’s financial position includes refinancing of credit facilities and liquidity support arrangements. Safety remains a priority with ongoing initiatives following incidents. Coronado faces regulatory and financial assurance risks related to mining permits and environmental obligations.

Executive summary

Coronado Global Resources Inc. is a coal mining company operating in the U.S. and Australia with detailed disclosures in its 2025 10-K and 2026 Q3 10-Q filings. The company reported a net loss of $432.1 million for 2025, impacted by weak metallurgical coal market conditions despite operational improvements and cost reductions. As of September 30, 2026, it held $171.8 million in cash and maintained a current ratio of 1.12. The company refinanced its credit facility in late 2025 and received liquidity support from Stanwell. Safety incidents led to temporary suspensions but operations resumed following investigations. Financial assurance obligations and regulatory risk remain material considerations. Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice.

Scenarios for CODQL

Bull case model:

Operational improvements including ramp-up of new mines and productivity gains have led to increased saleable production and reduced mining costs per metric ton. The company’s refinancing and liquidity support arrangements provide financial flexibility. Coronado’s strategic assets, particularly the Curragh mine, benefit from government and stakeholder support due to their importance in energy supply. Safety initiatives and compliance efforts demonstrate commitment to workforce wellbeing and regulatory adherence.

Bear case model:

The company faces significant risks from volatile metallurgical coal prices and market demand, which have contributed to substantial net losses. Regulatory risks include maintaining financial assurances required for mining permits; failure to secure these could halt operations. Safety incidents have led to operational suspensions, highlighting operational risks. The company’s liquidity and leverage position require careful management amid uncertain market conditions and potential changes in environmental and financial provisioning regulations.

Moat:

Coronado’s moat is supported by its diversified mining operations across two major coal-producing regions, Australia and the United States, and its strategic importance of the Curragh mine to Queensland’s energy security. The company’s operational scale, established contracts, and regulatory compliance provide barriers to entry. Additionally, financial support from Stanwell and refinancing arrangements contribute to operational continuity. However, exposure to commodity price volatility and regulatory requirements present ongoing challenges.

Risks overview
Risks summary
Regulatory and financial assurance risks related to maintaining mining permits and environmental obligations represent the most significant operational and financial risk for Coronado.
Risks details:

• Commodity Price Volatility: Declining metallurgical coal prices and reduced demand have materially impacted revenues and profitability.
• Regulatory and Financial Assurance Risks: Failure to maintain surety bonds, letters of credit, or other financial assurances required by law could invalidate mining permits and disrupt operations.
• Safety and Operational Risks: Fatal incidents have led to temporary suspensions of mining operations, affecting production and requiring regulatory investigations.
• Liquidity and Leverage Risks: The company’s net debt and refinancing terms require ongoing management to maintain financial stability and meet covenant requirements.
• Environmental and Rehabilitation Obligations: Changes in risk allocation under the Queensland Financial Provisioning Scheme could increase financial contributions and impact results.

FINAL FORECAST FOR CODQL

Final take one line
Coronado Global Resources Inc. exhibits very high visibility through detailed SEC disclosures and financial data, with operational and regulatory risks central to its outlook.
Final take 12 to 24 month view

Business trends: Operational improvements and cost reductions amid challenging metallurgical coal market conditions.
Execution milestones: Refinancing credit facilities, securing liquidity support, and resuming operations after safety incidents.
Key risks: Regulatory compliance and financial assurance obligations, commodity price volatility, and operational safety risks.

Valye AI Visibility Research Score

Very high visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

94
LLM visibility overview
LLM Visibility known facts
  • Coronado Global Resources Inc. operates coal mining complexes in the United States and Australia, regulated by U.S. Mine Safety and Health Administration and state agencies for U.S. operations [S1].
  • The company’s U.S. operations include multiple mining complexes across three states [S1].
  • As of December 31, 2025, Coronado had 167,645,373 shares of common stock issued and outstanding with 7,592 holders of record [S1].
  • The company’s CDIs are listed on the ASX under the symbol 'CRN' since October 23, 2018 [S1].
  • Coronado’s business segments are Australia and the United States, with 'Other and Corporate' disclosed for reconciliation purposes [S1].
  • The company’s coal sales contracts prices are generally set based on daily index averages, quarterly or annual fixed prices [S1].
  • Coronado’s 2025 saleable coal production totaled 16.0 million metric tons, 0.7 million metric tons higher than 2024, with improvements driven by ramp-up of Mammoth Underground mine, Buchanan expansion, and productivity gains [S1].
  • Coal revenues for 2025 were $1,920.4 million, a decrease of $524.4 million compared to 2024, primarily due to lower average realized metallurgical coal prices and slightly reduced sales volumes [S1].
  • Mining costs in 2025 were $165.8 million lower than 2024, reflecting contractor fleet reductions, productivity improvements, and idling of higher-cost surface operations [S1].
  • Mining costs per metric ton sold improved to $97.5 in 2025, a reduction of $9.9 per metric ton compared to 2024 [S1].
  • The company’s net loss was $432.1 million for the year ended December 31, 2025, an increase of $323.2 million compared to 2024 [S1].
  • As of September 30, 2026, Coronado had cash and cash equivalents of $171.8 million, current assets of $653.4 million, current liabilities of $584.6 million, resulting in a current ratio of 1.12 and a cash ratio of 0.29 [S2].
  • Earnings per share basic and diluted were both -$0.24 for the quarter ended September 30, 2026 [S2].
  • The company refinanced its credit facility in November 2025 with a new asset-based lending facility maturing in five years, bearing interest of 9% to 12%, with covenant terms including borrowing base ratio, gearing ratio, and interest coverage ratio [S1].
  • Coronado received significant liquidity support from Stanwell, including amendments to contracts and financial covenants to provide cash flow support and downside protection [S1].
  • The Curragh mine complex in Australia is strategically important for Queensland’s energy security, and the company received financial assistance and concessions from Stanwell to support ongoing viability [S1].
  • The company’s safety record includes temporary suspensions of operations following fatal incidents at Logan and Mammoth Underground mines, with operations resuming after investigations and compliance with regulatory requirements [S1].
  • The twelve-month rolling average Total Reportable Injury Frequency Rate was 3.62 at Australian operations and 2.30 at U.S. operations as of December 31, 2025 [S1].
  • The company’s dividend policy aims to distribute between 60% and 100% of available free cash, subject to maintaining minimum cash liquidity requirements and other considerations [S1].
  • The company faces risks related to maintaining financial assurances such as surety bonds and letters of credit required by federal and state laws for mining operations; failure to maintain these could invalidate mining permits and materially affect operations [Q0].
  • The Queensland Financial Provisioning Scheme assigned a 'moderate-high' risk allocation to the Curragh mine complex requiring annual contributions to the scheme rather than full financial assurance, with potential for future changes impacting financial condition [Q0].
  • Recent news coverage includes no direct business developments for Coronado but includes industry and market context such as commodity prices and other companies’ financial results [N1-N8].
Sources
Sources - Context summary

Generated 2026-11-09

Sources - Earning calls
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-03-03 | 10-K
  • S2 | 2026-11-09 | 10-Q
Sources - News headlines
  • N1 | 2026-11-09 | www.nasdaq.com | The Big Winner From the Aurora Cannabis-Organigram Deal: Curaleaf | https://www.nasdaq.com/articles/big-winner-aurora-cannabis-organigram-deal-curaleaf
  • N2 | 2026-11-09 | www.nasdaq.com | Trinseo PLC Reports Third Quarter 2026 Net Sales of $779 million and Net Loss of $49 million | https://www.nasdaq.com/articles/trinseo-plc-reports-third-quarter-2026-net-sales-779-million-and-net-loss-49-million
  • N3 | 2026-11-09 | www.nasdaq.com | ADC Therapeutics SA Reports Third Quarter 2026 Net Product Revenue of $21.0 million and Cash of $189.2 million | https://www.nasdaq.com/articles/adc-therapeutics-sa-reports-third-quarter-2026-net-product-revenue-210-million-and-cash
  • N4 | 2026-11-09 | www.nasdaq.com | Soaring Brazil Coffee Exports Weigh on Arabica Prices | https://www.nasdaq.com/articles/soaring-brazil-coffee-exports-weigh-arabica-prices
  • N5 | 2026-11-09 | www.nasdaq.com | Quanterix Corporation Reports $35.0 million in Q3 2026 revenue and Narrows Full-Year Revenue Outlook to $142-146 million | https://www.nasdaq.com/articles/quanterix-corporation-reports-350-million-q3-2026-revenue-and-narrows-full-year-revenue
  • N6 | 2026-11-09 | www.nasdaq.com | OPAL Fuels Inc. Reports Third Quarter 2026 Results | https://www.nasdaq.com/articles/opal-fuels-inc-reports-third-quarter-2026-results
  • N7 | 2026-11-09 | www.nasdaq.com | Whitehawk Therapeutics Reports Third Quarter 2026 Financial Results | https://www.nasdaq.com/articles/whitehawk-therapeutics-reports-third-quarter-2026-financial-results
  • N8 | 2026-11-09 | www.nasdaq.com | Target Hospitality (TH) Q3 2026 Earnings Call Transcript | https://www.nasdaq.com/articles/target-hospitality-th-q3-2026-earnings-call-transcript
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

Blue logo with a stylized checkmark and star above the blue text 'VALYE' on a black background.

Generated by Valye SEC Pipeline Engine