Stanmore Resources (ASX:SMR) Declares 2.2 US Cent Interim Dividend After Net Debt Falls to US$19 Million

Sonal Goyal

27 October 2026 01:02 PM AEDT

Stanmore Resources (ASX:SMR) Declares 2.2 US Cent Interim Dividend After Net Debt Falls to US$19 Million

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Key Highlights

Run of mine coal rose to 5.3 Mt and saleable production reached 3.4 Mt for the quarter.
Average sales price was US$163/t, up 6% on the June quarter.
Net debt fell US$53 million to US$19 million, with total cash of US$231 million and liquidity of US$501 million.
A fully franked interim dividend of 2.2 US cents per share was declared.

Stanmore Resources Limited (ASX:SMR) released its quarterly activities report for the third quarter on 27 October 2026, covering production, pricing, its balance sheet, a dividend declaration and an agreement to acquire the Moranbah South tenements.

Production, Pricing and Cash

Run of mine coal increased to 5.3 Mt from 5.1 Mt in the June quarter, and saleable production was 3.4 Mt, supported by quarterly records at South Walker Creek of 2.8 Mt run of mine and 1.9 Mt saleable. Poitrel’s saleable output fell on the previous quarter because of a planned preparation plant shutdown deferred from June, and the company noted the Serious Accident Frequency Rate held at 0.53 with no serious accidents.

The average sales price was US$163/t, against US$154/t in the June quarter, and US$156/t year to date compared with US$132/t a year earlier. Total cash at 30 September 2026 was US$231 million, net debt was US$19 million, an improvement of US$53 million that included an Eagle Downs stamp duty refund, and liquidity was US$501 million.

Dividend and Moranbah South Acquisition

The Board declared a fully franked interim dividend of 2.2 US cents per share. At the half year it had deferred an interim dividend, citing balance sheet flexibility, the second-half weighting of coal sales and uncertainty over the then-pending Moranbah South acquisition.

Stanmore agreed to acquire 100% of the Moranbah South tenements from Exxaro Resources for US$105 million. The tenements add 724 Mt of Measured and Indicated Coal Resources next to Eagle Downs and the Isaac Plains Complex, and the deal extinguishes up to US$60 million of deferred and contingent consideration related to the Isaac Downs Extension. Completion of the acquisition is still to occur.

Why This Could Matter

The report shows how higher prices, higher volumes and lower net debt moved together in a single quarter, and links those to the decision to declare a dividend. Exploration spending was about A$4.9 million, and production is tracking towards the top end of the reaffirmed full-year saleable production guidance.

Final Takeaway

Stanmore reported higher output and prices, a lower net debt balance and a declared dividend, and it still has to complete the Moranbah South transaction. Seismic and drilling programs continued across several projects during the quarter.

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