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New Hope Corporation Limited (NHPEF) Q3 2026 Earnings Cal...
2026-05-18 · via All Articles on Seeking Alpha

New Hope Corporation Limited (NHPEF) Q3 2026 Earnings Call May 17, 2026 9:00 PM EDT

Company Participants

Robert Bishop - Chief Executive Officer
Rebecca Rinaldi - Chief Financial Officer

Conference Call Participants

Paul Young - Goldman Sachs Group, Inc., Research Division
Khyla Maher

Presentation

Operator

Thank you for standing by, and welcome to the New Hope Group FY '26 Q3 Quarterly Activities Report and Investor Call. [Operator Instructions] I would now like to hand the conference over to Mr. Rob Bishop, Chief Executive Officer. Please go ahead.

Robert Bishop
Chief Executive Officer

Good morning, everyone. Thanks for joining our call today. I'm Rob Bishop, Chief Executive Officer of New Hope Group. I'm joined here by Rebecca Rinaldi, our CFO, and Dominic O'Brien, our Executive General Manager and Company Secretary. This morning, we released our quarterly report for the third quarter of the 2026 financial year. Hopefully, you've had a chance to go through the report, but in any case, I'll briefly step you through our key highlights before we open up the line for Q&A. Operationally, it's been a great quarter for both Bengalla Mine and New Acland Mine, as we're really pleased with our position heading into the final quarter of the 2026 financial year.

While our High Potential Event Frequency Rate improved, we've unfortunately seen a deterioration in our 12-month moving average TRIFR, increasing to 4.43, 17% higher than the previous quarter. The safety of our people remains our highest priority, and we are focused on continuously improvement in these aspects of safety and wellbeing. In terms of our physical performance, we moved 18.2 million BCMs of prime overburden, a 4% increase from the previous quarter, driven by strong mining conditions. Notably, year to date, we've moved 52.9 million BCMs of prime overburden, 13% higher than this time last year. Group run-of-mine coal production was 4.3 million tonnes, up 5% compared to the previous quarter, following an increase