Alright, back to the financial performance for the quarter:
REPORTED EBITDA $267.7m for the quarter and FCF of $121.2m. Get to those figures however you'd like.
Couple of things: - Not sure why production guidance wasn't hit, given weather has been pretty decent (note we're down this quarter slightly). - FCF of $121.2m for the quarter should become the norm unless coal prices somehow skyrocket again. (Remember most of the $1524.8 of the 2023 financial year was made in the first two quarters. Prices are significantly down since then). That means we're trading at almost a P/E of 10 which I would say is a bit high for a coal company, but given the 85% committed production and $730m in cash, we're probably fairly priced.
Looking forward to how NHC manages the capital going forward.
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