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Warrior Met Coal, Inc.

HCC

Warrior Met Coal, Inc. • NYSE
$78.29 ▼ -0.55% (-0.43)
Market Cap $4.12 B
52w High $85.86
52w Low $38.00
Dividend Yield 0.32%
P/E 118.62
Volume 274.36K
Outstanding Shares 52.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $327.879M ▲ $17.203M ▲ $36.598M ▲ 11.162% ▲ $0.7 ▲ $70.084M ▲
Q2-2025 $297.523M ▼ $11.923M ▼ $5.606M ▲ 1.884% ▲ $0.11 ▲ $56.061M ▲
Q1-2025 $299.943M ▲ $309.454M ▲ $-8.168M ▼ -2.723% ▼ $-0.16 ▼ $-17.384M ▼
Q4-2024 $297.465M ▼ $17.741M ▲ $1.136M ▼ 0.382% ▼ $0.02 ▼ $41.931M ▼
Q3-2024 $327.72M $11.51M $41.766M 12.744% $0.8 $84.437M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $392.525M ▼ $2.683B ▲ $564.821M ▼ $2.118B ▲
Q2-2025 $431.09M ▼ $2.645B ▲ $565.117M ▲ $2.08B ▲
Q1-2025 $488.038M ▼ $2.624B ▲ $547.128M ▲ $2.077B ▼
Q4-2024 $506.169M ▼ $2.592B ▲ $500.699M ▲ $2.091B ▲
Q3-2024 $592.55M $2.58B $493.621M $2.087B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $36.598M ▲ $104.694M ▲ $-133.829M ▼ $-17.756M ▼ $-46.891M ▲ $12.753M ▲
Q2-2025 $5.606M ▲ $37.546M ▲ $-94.332M ▼ $-14.819M ▼ $-71.605M ▼ $-37.42M ▲
Q1-2025 $-8.168M ▼ $10.917M ▼ $-77.765M ▲ $30.309M ▲ $-36.614M ▲ $-68.43M ▲
Q4-2024 $1.136M ▼ $54.207M ▼ $-142.195M ▲ $-3.524M ▲ $-91.512M ▲ $-76.472M ▼
Q3-2024 $41.767M $62.208M $-172.498M $-8.089M $-118.379M $-53.67M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $290.00M ▲$290.00M ▲$290.00M ▲$320.00M ▲
Product and Service Other
Product and Service Other
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Warrior Met Coal’s earnings reflect a classic commodity cycle. Sales climbed sharply coming out of 2020, peaked a couple of years ago, and have eased a bit more recently, but are still much higher than before the upcycle. Profitability improved dramatically after 2020, with the company shifting from a small loss to strong profits as steelmaking coal prices rose and costs were kept under control. The most recent year shows profits that are still healthy, but clearly below the peak earnings period, which is consistent with softer coal pricing. Overall, the business has proven it can be very profitable in strong markets, but results remain highly sensitive to coal prices and global steel demand.

Balance Sheet

Balance Sheet The balance sheet looks solid and has strengthened over time. Total assets have grown steadily, helped by investments in new projects like Blue Creek. Cash levels are high relative to debt, indicating a strong liquidity cushion and modest financial leverage. Debt has been trending down from earlier years, while shareholders’ equity has risen consistently, a sign that retained earnings are building the company’s net worth. This gives Warrior Met Coal flexibility to handle downturns and to fund growth, but the asset base is heavily tied to a single commodity and region, which concentrates risk.

Cash Flow

Cash Flow Cash generation from the core business has been strong in recent years, especially during the period of peak coal prices. Operating cash flow has cooled from its high point but remains solid. Free cash flow, however, has recently turned negative because the company is spending heavily on capital projects, particularly the Blue Creek mine. In plain terms, the business is throwing off good cash from operations but is plowing even more back into growth. This can set up higher future earnings if the projects perform as expected, but it also means nearer‑term cash is being consumed rather than accumulated.

Competitive Edge

Competitive Edge Warrior Met Coal is a focused player in premium metallurgical coal used for steelmaking, not a broad coal producer. Its edge comes from being a low‑cost operator with high‑quality coal and efficient longwall mines in Alabama. The quality of its coal allows it to serve demanding steel customers worldwide, while its location near a deep‑water port supports competitive shipping costs to Europe and South America. These strengths help it compete with larger global producers. The flip side is exposure to a cyclical, politically sensitive industry, and dependence on the long‑term outlook for steel produced with traditional blast furnaces.

Innovation and R&D

Innovation and R&D Although it is not a technology company, Warrior Met Coal has leaned into practical mining innovation. It uses advanced longwall systems, partial automation, and modern control and safety technologies to raise productivity and reduce risk underground. The Blue Creek project is being built with updated infrastructure, including long conveyor systems and upgraded processing facilities, designed to keep costs low and operations efficient. Innovation here is mostly about doing the same activity—mining coal—more safely, reliably, and cheaply, rather than inventing new products. These are incremental but meaningful advantages in a cost‑driven business.

Summary

Warrior Met Coal is a specialized producer of high‑quality steelmaking coal with a track record of strong profitability in favorable markets, backed by a conservative balance sheet and significant cash reserves. Its cash flows show a business that can generate substantial cash from operations, but is currently in a heavy investment phase as it develops the Blue Creek mine, which is expected to be a key growth and cost‑advantage asset. The company’s competitive strength lies in low costs, premium coal quality, and export logistics, supported by ongoing operational improvements. At the same time, results remain heavily tied to the global steel cycle, coal prices, and broader energy‑transition and regulatory trends, which introduce considerable uncertainty around long‑term demand and pricing power.

NEWS

November 5, 2025 · 4:05 PM UTC

Warrior Reports Third Quarter 2025 Results and Updates Outlook

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October 28, 2025 · 4:15 PM UTC

Warrior Announces Regular Quarterly Cash Dividend

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October 13, 2025 · 4:05 PM UTC

Warrior Sets Date for Third Quarter 2025 Earnings Announcement and Investor Conference Call

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September 2, 2025 · 4:05 PM UTC

Warrior Completes Amendment and Extension to its Asset-Based Revolving Credit Facility

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