J.P. Morgan reaffirms Buy for Whitehaven Coal stock

Published on 10/07/2026 at 01:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

J.P. Morgan set AUD 9.80 for Whitehaven Coal stock on October 2, 2026. FY26 revenue fell 7.00 percent to AUD 5.40 billion, output rose 3.00 percent.

Whitehaven, AU000000WHC8, Illustration mit AI erstellt.

J.P. Morgan maintained a Buy rating and set an AUD 9.80 price target for Whitehaven Coal (ISIN AU000000WHC8) in a report dated October 2, 2026, according to Markets Insider. The target compares with the Australian listing price cited in the report of AUD 7.59, while the euro reference remains tied to the Lang & Schwarz data set.

FY26 revenue fell 7.00 percent

Whitehaven reported FY26 revenue of AUD 5.40 billion, down 7.00 percent from the prior year, while underlying net profit after tax fell to AUD 227 million from AUD 319 million, according to The Motley Fool Australia.

The earnings pressure came with operational progress. Managed run-of-mine production rose 3.00 percent to 40.30 million tonnes, while unit costs fell to AUD 132 per tonne from AUD 139 per tonne in FY26.

Production improved as payouts fell

The full-year dividend fell to AUD 0.10 per share from AUD 0.15, a reduction of 33.33 percent. Whitehaven nevertheless planned capital returns of up to AUD 159.00 million for FY26, including a fully franked final dividend of AUD 0.06 per share and an on-market buyback, as reported by The Motley Fool Australia.

Management's FY27 guidance calls for managed production of 38.00 million to 41.00 million tonnes and unit costs of AUD 132.00 to AUD 147.00 per tonne, according to Kapitales Research. The comparison investors face is clear: lower costs supported operations, but weaker coal pricing reduced revenue and earnings.

Market value remains below the yearly high

Whitehaven's market capitalization was AUD 6.3 billion on October 6, 2026. The same quote data showed a 52-week range of AUD 6.33 to AUD 9.90, placing the AUD 7.64 primary-exchange quote 22.83 percent below the high.

Whitehaven's investor calendar lists its September quarter production report for October 23, 2026, on the company's Whitehaven Coal investor page. That date makes production, cost delivery and commodity prices the next measurable tests for the FY27 outlook.

Prior close sets the euro reference

The Lang & Schwarz data show a prior close of EUR 4.75 on October 5, 2026, for Whitehaven Coal. The primary listing is on the ASX, where the quote was AUD 7.64 on October 6, 2026, while the euro figure remains a separate German-market reference. The further course of trading is shown by the continuously updated real-time quote of Whitehaven Coal stock.