Loading...
•
Jun 30, 2021
Warrior Met Coal Q2 2021 Earnings Report
Reported a net loss due to the UMWA strike and delivered strong cash flows through tight cost management.
Key Takeaways
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.
Net loss for the second quarter of 2021 was $4.7 million, or $0.09 per diluted share.
Adjusted net income per share for the second quarter of 2021 was $0.25 per diluted share.
Adjusted EBITDA of $65.2 million in the second quarter of 2021.
Generated positive cash flows from operating activities of $68.7 million.
Warrior Met Coal
Warrior Met Coal
Forward Guidance
Due to ongoing uncertainty related to negotiations with the UMWA, the Chinese ban on Australian coal and other potentially disruptive factors, Warrior will not be providing full year 2021 guidance at this time. The Company expects to return to providing guidance once there is further clarity on these issues.