Filing Flows › Coronado Global Resources (CODQL) › Q1 2026
Coronado Global Resources (CODQL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Coronado Global Resources (CODQL) reported revenue of $467M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -15% from the quarter before. Operating margin was -30.1%, net loss $319M (68.2% of revenue).
Coronado Global Resources, Q1 2026: revenue $467M (+4% year over year), operating margin -30.1%, net loss $319M, operating cash flow −$40.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $467M | -15% | +4% |
| Operating profit | −$141M | — | — |
| Net earnings | −$319M | — | — |
| Operating cash flow | −$40.9M | — | — |
What changed
Revenue was $467.2M in Q1 2026, up 4% year over year and down 15% from the previous quarter. Metallurgical Coal was the largest line at 87% of revenue. Thermal Coal added $32.3M year over year (up 162%), 180% of the total change. Metallurgical Coal declined 3%.
Operating costs exceeded revenue by $140.7M, an operating margin of -30.1%. Total costs grew 8% against revenue growth of 4%. The fastest-growing cost line was Cost of revenue (+14%). The quarter ended with a net loss of $318.6M, wider than the previous quarter's $150.2M loss. Net interest and other expense of $189.4M was the main reason.
Operating cash flow was −$40.9M. Non-cash charges added back $43.3M of depreciation and amortization. Working capital and other items added $234.3M. Capital expenditures of $34.1M exceeded it, leaving free cash flow of −$75.0M.
Questions
What was Coronado Global Resources' revenue in the first quarter 2026?
Coronado Global Resources (CODQL) reported revenue of $467M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -15% from the quarter before.
Was Coronado Global Resources profitable in the first quarter 2026?
Operating loss was $141M (-30.1% of revenue) and net loss $319M.