Stanmore Resources Limited Q3 2026 Earnings Recap

Stanmore shares rose 4.3% after the update, with investors responding to reaffirmed production guidance tracking toward its upper end, improved cash generation and a roughly US$20 million interim dividend. Higher quarterly sales prices and record South Walker Creek production supported the result, though the coal-price rally is expected to feed into realized prices with a lag and fourth-quarter market conditions remain uncertain.

Key Takeaways

• Reaffirmed full-year saleable production guidance and said output was tracking toward the top of the range; September-quarter ROM stockpiles were 1.7 million tonnes.
• South Walker Creek delivered record quarterly ROM and saleable production of 2.8 million and 1.9 million tonnes, respectively. Poitrel saleable production fell to 1.1 million tonnes following its planned CHPP shutdown, while ROM inventories rose above 700,000 tonnes.
• Average quarterly sales price increased 6% from the June quarter to US$163 per tonne; the late-quarter coal-price rally will take time to flow through due to roughly 30-day pricing lags.
• Net debt fell US$53 million quarter on quarter to US$19 million, and total liquidity reached US$501 million. The Board declared an interim dividend of approximately US$20 million.
• The Moranbah South acquisition is progressing, with completion still ahead; Stanmore plans to include the deposit in a broader development study with Eagle Downs.