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Mar 31, 2021
Warrior Met Coal Q1 2021 Earnings Report
Reported a net loss and maintained positive cash flow despite a difficult pricing environment.
Key Takeaways
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.
Net loss of $21.4 million, or $0.42 per diluted share.
Adjusted net income per share was $0.08 per diluted share.
Adjusted EBITDA was $47.1 million.
Positive cash flow from operating activities of $45.2 million.
Warrior Met Coal
Warrior Met Coal
Forward Guidance
Due to ongoing uncertainty related to negotiations with the UMWA, the COVID-19 pandemic, the Chinese ban on Australian coal and other potentially disruptive factors, Warrior will not be providing full year 2021 guidance at this time.