Fortescue publishes September 2026 quarterly production report
Fortescue’s Q1 FY27 iron ore shipments fell 6% year over year to 46.8 million tonnes, while sales totaled 42.9 million tonnes. The company maintained FY27 shipment guidance at 197 million to 207 million tonnes, subject to CMRG negotiations.
1. Shipments and sales
Fortescue’s Q1 FY27 iron ore shipments fell 6% year over year to 46.8 million tonnes, while sales totaled 42.9 million tonnes. Sales lagged shipments amid CMRG negotiations; operations could be affected if talks remain unresolved by calendar year-end 2026.
2. Costs and finances
Hematite C1 costs rose 21% year over year to USD 21.98 per wet tonne, and realized prices fell 10% to USD 79.79 per dry tonne. Cash declined to USD 3.2 billion at September 30, while net debt rose to USD 2.8 billion from USD 0.9 billion in June.
3. FY27 guidance
Fortescue kept FY27 shipment guidance at 197 million to 207 million tonnes, subject to CMRG negotiations. Hematite C1 cost guidance remained USD 20.50 to USD 21.75 per wet tonne.
