Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

HCC earnings analysis

Filed April 30, 2026 · Our reading of the company's report

The latest report

Warrior Met Coal, Inc. reported Q1 2026 earnings with total revenues of $458.6 million and net income of $72.3 million, translating to EPS of $1.37, slightly below the consensus estimate of $1.38. The overall…

Read full summary

Warrior Met Coal, Inc. reported Q1 2026 earnings with total revenues of $458.6 million and net income of $72.3 million, translating to EPS of $1.37, slightly below the consensus estimate of $1.38. The overall performance showed a significant year-over-year improvement, driven primarily by higher sales volumes and pricing from the Blue Creek mine operations, although free cash flow remained negative due to increased capital expenditures.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $64 Operating expenses $19 Left as operating profit $17

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$1.37
Segment
Mining

What stood out

  • Improved Revenue Performance

    Total revenues rose to $458.6 million, up 53% from $299.9 million in Q1 2025.

  • Strong Volume Growth

    Steelmaking coal sales volume increased by 38.2%, totaling 2.7 million metric tons.

  • Increase in Average Selling Price

    Average selling price per metric ton rose to $164.70 from $149.71 YoY, a $14.99 increase.

  • Positive Operating Income

    Operating income for Q1 2026 was $79.4 million compared to a loss of $17.4 million in Q1 2025.

  • Successful Blue Creek Operations

    Blue Creek mine's contribution enhanced production capacity, achieving 3.2 million metric tons produced this quarter.

  • Significant Segment EBITDA Growth

    Segment Adjusted EBITDA increased to $158.1 million, up from $49.2 million YoY.

What to watch

  • Negative Free Cash Flow

    Net cash used in operating activities was $11.7 million, highlighting liquidity pressure.

  • Increased Working Capital Needs

    Total working capital rose significantly due to higher inventories and accounts receivable, impacting cash flow.

  • Commodity price volatility

    Market demand for steelmaking coal remains uncertain, especially with mixed demand from key customers like China.

Management's outlook

Full year sales guidance is maintained, targeting 12.5 - 13.5 million short tons for sales and 12.0 - 13.0 million short tons for production.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.