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Sep 30, 2021
Warrior Met Coal Q3 2021 Earnings Report
Achieved largest Net Income and Adjusted EBITDA in over two years.
Key Takeaways
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.
Reported net income of $38.4 million, or $0.74 per diluted share, compared to a net loss of $14.4 million, or $0.28 per diluted share, in Q3 2020.
Adjusted net income per share was $0.97 per diluted share, compared to an adjusted net loss per share of $0.28 in Q3 2020.
Adjusted EBITDA reached $104.9 million, compared to $16.8 million in Q3 2020.
Total revenues were $202.5 million, including $199.7 million in mining revenues.
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.