)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Fortescue
Fortescue (FMG) investor relations material
Fortescue Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary21 Jan, 2026
Executive summary
Achieved record first half iron ore shipments of 100.2Mt in H1 FY26, up 3% year-over-year, with Q2 FY26 shipments at 50.5Mt.
Safety performance improved, with a Leading Safety Index of 160 and TRIFR of 1.5 at 31 December 2025.
Entered a binding agreement to acquire the remaining 64% of Alta Copper, expanding the critical minerals portfolio.
Delivered the first large-scale battery energy storage system (BESS) as part of a 4-5GWh decarbonisation rollout.
Financial highlights
Cash balance stood at US$4.7 billion and net debt at US$1.0 billion as of 31 December 2025.
Gross debt reduced to US$5.8 billion from US$6.5 billion in the previous quarter.
Total capital expenditure and investments were US$759 million for the quarter and US$1.7 billion for H1 FY26.
Hematite C1 unit cost was US$19.10/wmt in Q2 FY26, contributing to a H1 FY26 cost of US$18.64/wmt.
Hematite average revenue was US$92.88/dmt in Q2 FY26, realising 88% of the Platts 62% CFR Index.
Outlook and guidance
FY26 shipment guidance remains at 195-205Mt, including 10-12Mt for Iron Bridge.
Hematite C1 unit cost guidance unchanged at US$17.50–US$18.50/wmt.
Metals capital expenditure expected at US$3.3–US$4.0 billion; energy capex at US$300 million.
Impact of 4-5GWh BESS rollout on operations?
Alta Copper acquisition: strategic rationale?
How to achieve FY26 C1 cost guidance?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Fortescue
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Fortescue Ltd (formerly Fortescue Metals Group Limited) engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It has a portfolio of operations and development projects in the Pilbara region of northern Western Australia. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage