Best Thermal Coal Stocks for 2026

Thermal coal miners face energy-transition demand pressure in developed markets even as Asian import demand continues, so low multiples carry a Health-pillar check.

Thermal Coal producers earn revenue on production volume at realised prices net of mining costs, with structural demand pressure from the energy transition in developed markets and continuing import demand from Asia. Composite scoring uses the Valuation pillar (low headline multiples) with the Health pillar gating names heading into a trough overleveraged.

Data as of (updated daily)

Top 20 Thermal Coal stocks by composite score

#TickerNameComposite
11229.HKNan Nan Resources Enterprise Ltd74.1
2002128.SHEHuolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia72.3
3601001.SHGJinneng Holding Shanxi Coal Industry Co Ltd68.6
4MYOH.JKSamindo Resources Tbk68.0
5DWGL.JKDwi Guna Laksana Tbk PT66.4
61303.HKHuili Resources Group Ltd65.6
7CNKO.JKExploitasi Energi Indonesia65.0
8ITMG.JKIndo Tambangraya Megah Tbk64.9
9601898.SHGChina Coal Energy Co Ltd64.5
10900948.SHGInner Mongolia Yitai Coal Co Ltd64.2
11601225.SHGShaanxi Coal Industry Co Ltd63.4
12BSSR.JKBaramulti Suksessarana Tbk62.9
131733.HKE -Commodities Holdings Ltd62.7
14MCOL.JKPrima Andalan Mandiri Tbk PT62.3
15YAL.AUYancoal Australia Ltd62.2
16603071.SHGZJMI Environmental Energy Co. Ltd.60.5
171898.HKChina Coal Energy60.1
18600546.SHGShanxi Coal International Energy Group Co Ltd60.0
19PTBA.JKBukit Asam Tbk PT59.9
20AADI.JKAdaro Andalan Indonesia Tbk59.8

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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score; use the screener for the full ranked list.

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