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Dec 31, 2020
Warrior Met Coal Q4 2020 Earnings Report
Reported a net loss due to the impact of COVID-19 on met coal demand and pricing worldwide, but remained cash flow positive and managed operating costs while making capital investments.
Key Takeaways
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.
Reported a net loss of $33.7 million, or $0.66 per diluted share, compared to net income of $20.8 million, or $0.41 per diluted share, in the fourth quarter of 2019.
Adjusted EBITDA was $9.2 million in the fourth quarter of 2020, compared to $45.0 million in the fourth quarter of 2019.
Produced 1.8 million short tons of met coal in the fourth quarter of 2020, consistent with the fourth quarter of 2019.
Sales volume in the fourth quarter of 2020 was 2.2 million short tons, compared to 1.7 million short tons in the fourth quarter of 2019.
Forward Guidance
Due to ongoing uncertainty related to 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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