Q2 FY2026 EarningsQ2 FY26 results beat revenue expectations at $144.8M vs. $132.4M consensus, driven by a 16.7% increase in export volumes despite soft global pricing. However, profitability missed marks significantly with a GAAP net loss of $15.4M vs. an expected $15.2M loss, and EBIT of -$18.2M failing to meet the -$20.1M consensus despite higher top-line. Free Cash Flow remained a concern as capital expenditures surged to $44.6M (vs. -$22.5M expected) due to Maben loadout and Berwind expansion, leading to negative operating cash flow of -$22.4M.