{"id":327817,"date":"2026-05-02T08:16:12","date_gmt":"2026-05-02T02:46:12","guid":{"rendered":"https:\/\/ebiztoday.news\/?p=327817"},"modified":"2026-05-02T08:16:12","modified_gmt":"2026-05-02T02:46:12","slug":"semirara-profit-falls-in-q1-on-weaker-power-coal-sales","status":"publish","type":"post","link":"https:\/\/ebiztoday.news\/index.php\/2026\/05\/02\/semirara-profit-falls-in-q1-on-weaker-power-coal-sales\/","title":{"rendered":"Semirara profit falls in Q1 on weaker power, coal sales"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><figcaption class=\"wp-caption-text\">SEMIRARAMINING.COM<\/figcaption><\/figure>\n<\/div>\n<p class=\"p2\">SEMIRARA Mining and Power Corp. (SMPC) said net income fell 12% to P3.8 billion in the primary quarter (Q1), driven by weaker power output and lower coal shipments.<\/p>\n<p class=\"p3\"><span class=\"s1\">For the January-to-March period, revenues declined 7% to P15.43 billion from P16.51 billion, as electricity sales and exported coal volumes fell, based on the corporate\u2019s financial report released on Thursday.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">Coal revenues dropped 5% to P11.18 billion from P11.78 billion, as barely lower shipment volumes offset stable average selling prices.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">SMPC produced 5.9 million metric tons (MMT) of coal throughout the quarter, up 4% as a consequence of improved access to coal seams on the Narra mine, which is nearing depletion this 12 months.<\/span><\/p>\n<p class=\"p3\">Total shipments fell 4% to 4.5 MMT, mainly as a consequence of lower export volumes, while domestic demand remained stable.<\/p>\n<p class=\"p3\">The common selling price for Semirara coal was largely flat at P2,479 per metric ton, as a better share of lower-grade shipments offset gains from stronger global coal benchmarks.<\/p>\n<p class=\"p3\">Power revenues declined 19% to P5.08 billion, as unplanned outages reduced generation and electricity sales volumes, partly offset by higher contracted sales.<\/p>\n<p class=\"p3\"><span class=\"s2\">Electricity sold dropped 22% to 1,120 gigawatt-hours, reflecting weaker plant performance.<\/span><\/p>\n<p class=\"p3\">The common selling price rose 3% to P4.54 per kilowatt-hour (kWh) from P4.42 per kWh, mainly as a consequence of a better share of contracted sales.<\/p>\n<p class=\"p3\">As of March 31, 49% of SMPC\u2019s 860 megawatts (MW) of dependable capability was contracted, leaving 363.3 MW available for spot market sales after accounting for station service requirements.<\/p>\n<p class=\"p3\">SMPC, a unit of DMCI Holdings, Inc., is the country\u2019s largest coal producer, accounting for 97% of domestic output.<\/p>\n<p class=\"p3\">Nonetheless, operations at its essential asset on Semirara Island in Antique face uncertainty as its coal operating contract is about for auction this 12 months after failing to secure renewal.<\/p>\n<p class=\"p3\">The Department of Energy said the deadline for the submission and opening of bid documents, originally set for April 28, has been postponed \u201cuntil further notice.\u201d<\/p>\n<p class=\"p3\">Power firms including Meralco PowerGen Corp. and San Miguel Global Power Holdings Corp. have signaled interest in participating within the auction. <b>\u2014 Sheldeen Joy Talavera<\/b><\/p>\n<\/p><\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEMIRARAMINING.COM SEMIRARA Mining and Power Corp. (SMPC) said net income fell 12% to P3.8 billion in the primary quarter (Q1), driven by weaker power output and lower coal shipments. For the January-to-March period, revenues declined 7% to P15.43 billion from P16.51 billion, as electricity sales and exported coal volumes fell, based on the corporate\u2019s financial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":327818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[4252,8118,3228,953,191,21518,14254],"class_list":["post-327817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-coal","tag-falls","tag-power","tag-profit","tag-sales","tag-semirara","tag-weaker"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/327817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=327817"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/327817\/revisions"}],"predecessor-version":[{"id":327820,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/327817\/revisions\/327820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/327818"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=327817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=327817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=327817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}