Warrior Met Coal experienced a challenging third quarter in 2025, with net income falling to $36.6 million and Adjusted EBITDA to $70.6 million, down from the prior year. This decline was largely attributed to significantly weaker steelmaking coal market conditions, including depressed global steel demand and excess supply. However, the company achieved record sales volumes of 2.4 million short tons and increased production volumes by 17%, driven by the early commencement of longwall operations at its Blue Creek mine, which was eight months ahead of schedule and on budget. The company also secured a federal coal lease acquisition, enhancing its long-term growth strategy.
Warrior Met Coal delivered positive net income and operating cash flows in Q2 2025, despite significantly weaker steelmaking coal market conditions. The company's performance was bolstered by strong cost discipline and the early commercial sales from its Blue Creek mine, which contributed to increased sales and production volumes.
Warrior Met Coal reported a net loss in Q1 2025 compared to net income in Q1 2024, primarily due to significantly weaker steelmaking coal market conditions. Despite the challenging market, the company achieved increased sales and production volumes and maintained positive cash margins through strong cost performance.
Warrior Met Coal reported a significant decrease in net income and adjusted EBITDA for Q4 2024 compared to Q4 2023, primarily due to lower steelmaking coal prices. Despite this, the company achieved increased sales and production volumes, with Mine 4 reaching record annual production. The Blue Creek growth project began production on time and on budget, contributing to the year's output.
Warrior Met Coal reported a net income of $41.8 million, or $0.80 per diluted share, for Q3 2024, a decrease from $85.4 million, or $1.64 per diluted share, in Q3 2023. The company also produced the first development tons at its Blue Creek project.
Warrior Met Coal reported a strong second quarter in 2024, with net income of $70.7 million and EPS of $1.35 per diluted share. The company saw an increase in sales and production volumes, achieving its largest quarterly production in over three years. The company reaffirmed its outlook for 2024 and is progressing with the Blue Creek growth project.
Warrior Met Coal reported a net income of $137.0 million for Q1 2024, with sales volumes up by 9% and production volumes up by 17%. The company invested $68.5 million in the Blue Creek project and returned $30.6 million to stockholders through dividends.
Warrior Met Coal reported Q4 2023 net income of $128.9 million, or $2.47 per diluted share, compared to net income of $99.7 million, or $1.93 per diluted share, in the fourth quarter of 2022. The Company reported Adjusted EBITDA of $163.7 million in the fourth quarter of 2023, compared to Adjusted EBITDA of $147.5 million in the fourth quarter of 2022.
Warrior Met Coal reported a net income of $85.4 million for Q3 2023, a decrease from $98.4 million in Q3 2022. However, sales volumes increased by 51% to 2.3 million short tons, and production increased by 21% to 2.0 million short tons. The company also reduced debt leverage by $146.1 million.
Warrior Met Coal reported a net income of $82.1 million for Q2 2023, with sales volumes up 15% to 1.8 million short tons and production reaching 1.9 million short tons. However, the average net realized price decreased to $208.56 per short ton, impacting total revenues.
Warrior Met Coal reported a strong first quarter with net income increasing by 25% to $182.3 million and Adjusted EBITDA rising by 6% to $259.4 million. The company achieved record total liquidity of $985.8 million, driven by strong customer demand and improved performance at the Port of Mobile.
Warrior Met Coal reported a net income of $99.7 million for Q4 2022, with an adjusted net income of $1.90 per diluted share. The company faced shipment delays due to mechanical failures and bad weather, leading to higher inventories and lower shipment volumes. Despite these challenges, customer demand and coal prices remained firm.
Warrior Met Coal reported a strong third quarter in 2022, with net income reaching $98.4 million and Adjusted EBITDA at $171.6 million. The company achieved record total liquidity of $869.0 million, driven by efficient operations and high-quality assets, despite facing shipment delays and macroeconomic headwinds.
Warrior Met Coal reported a record-setting second quarter in 2022, achieving a net income of $297.0 million, an all-time record Adjusted EBITDA of $431.2 million, and record cash flows. The company benefited from its premium met coal assets and efficient business model, capitalizing on strong demand and high prices.
Warrior Met Coal reported a strong first quarter in 2022, with a net income of $146.2 million and a record adjusted EBITDA of $243.8 million. The company benefited from increased met coal pricing, which offset lower sales volume.
Warrior Met Coal reported a strong fourth quarter in 2021 with a net income of $138.5 million, or $2.68 per diluted share, driven by strong customer demand and a favorable pricing environment. The company also successfully completed debt refinancing to position itself for long-term success.
Warrior Met Coal reported a net income of $38.4 million for Q3 2021, a significant improvement compared to the net loss of $14.4 million in Q3 2020. The company's performance was driven by record high pricing and strong global demand, resulting in the most profitable results since the onset of the COVID-19 pandemic.
Warrior Met Coal reported a net loss of $4.7 million for Q2 2021, but adjusted net income per share was $0.25. The company benefited from strong market demand and improved met coal prices, capitalizing on China's ban on Australian coal imports. Despite costs associated with the UMWA strike, Warrior Met Coal delivered strong free cash flow and adjusted EBITDA.
Warrior Met Coal reported a net loss of $21.4 million, or $0.42 per diluted share, for the first quarter of 2021, compared to a net income of $21.5 million, or $0.42 per diluted share, in the first quarter of 2020. Despite these challenges, the company maintained positive cash flow by managing costs, working capital, and capital expenditure spending.
Warrior Met Coal reported a net loss of $33.7 million for Q4 2020, compared to a net income of $20.8 million in Q4 2019. Despite weak met coal markets, the company was cash flow positive and focused on managing costs and making strategic capital investments.
Warrior Met Coal reported a net loss of $14.4 million, or $0.28 per diluted share, in Q3 2020, compared to net income of $45.0 million, or $0.87 per diluted share, in Q3 2019. Despite challenging headwinds, the company was free cash flow positive and focused on managing its business and cost control.
Warrior Met Coal reported a net loss of $9.2 million for Q2 2020, compared to a net income of $125.5 million in Q2 2019. Despite the challenges, the company maintained positive cash flow and a strong balance sheet.