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Dec 31, 2021
Warrior Met Coal Q4 2021 Earnings Report
Achieved largest quarterly Net Income and Earnings Per Share in three years and successfully completed debt refinancing.
Key Takeaways
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.
Reported a net income of $138.5 million, or $2.68 per diluted share, compared to a net loss of $33.7 million, or $0.66 per diluted share, in Q4 2020.
Adjusted net income for Q4 2021 was $3.17 per diluted share compared to an adjusted net loss of $0.63 per diluted share in Q4 2020.
Adjusted EBITDA of $240.2 million in Q4 2021, compared to Adjusted EBITDA of $9.2 million in Q4 2020.
Total revenues were $415.5 million for Q4 2021, compared to $212.3 million in Q4 2020.
Warrior Met Coal
Warrior Met Coal
Forward Guidance
The Company's outlook for 2022 is subject to many risks that may impact performance, such as the UMWA strike, market conditions in the steel and met coal industries and overall global economic and competitive conditions.
Positive Outlook
- Three planned longwall moves (Q2, Q3, Q4)
- HCC index pricing
- Exclusion of other non-recurring costs
- New UMWA contract
- Inflationary pressures