Warrior Met Coal, Inc. (HCC) SEC Filings & Earnings Calls
EquiReason read 11 Warrior Met Coal, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-08-05 — Total revenues $510M (+71% y/y); Net income $87M (+1461% y/y); Adjusted EBITDA $157M (+193% y/y); Guidance: Full-year volume guidance raised; Blue Creek ramp-up driving record volu.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 4.5B
- P/E TTM
- 20.7
- Dividend yield
- 0.4%
- 52-week
- —
- Next earnings
- 4 Nov, in 11 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
5 Aug 20268-K · 2.02Total revenues $510M (+71% y/y); Net income $87M (+1461% y/y); Adjusted EBITDA $157M (+193% y/y); Guidance: Full-year volume guidance raised; Blue Creek ramp-up driving record volumesearningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $510M | +71% y/y |
| Net income · Q2-2026 | $87M | +1461% y/y |
| Adjusted EBITDA · Q2-2026 | $157M | +193% y/y |
| Sales volumes · Q2-2026 | 3,700,000 | +65% y/y |
| Cash cost of sales per short ton · Q2-2026 | $92.53 | -9% y/y |
| Free cash flow · Q2-2026 | $103M |
Guidance
Full-year volume guidance raised; Blue Creek ramp-up driving record volumes
Strong operational performance; Blue Creek driving volume and margin expansion; guidance raised.
Risks flagged
Commodity price risk: Average net selling price realization at 66% of PLV index, down from 80% due to mix shift.
“The average gross selling price realization was approximately 66% of the Platts Premium Low Vol FOB Australian index price for the second quarter of 2026 compared to 80% for the second quarter of 2025.” · word for word
Geopolitical risk: Chinese import demand provides support but could be volatile; India demand positive but uncertain.
“Chinese import demand has provided support to seaborne pricing and long-term steel production growth in India remains a positive demand catalyst.” · word for word
5 Aug 202610-QWarrior Met Coal reported strong Q2 2026 results with revenue up 74.6% YoY and net income surging to $87.4M from $5.6M, driven by higher steelmaking coal prices and Blue Creek ramp-up.earningsopen
Figures in the filing · each found in the filing text
| Sales · Mining · Q2-2026 | $504M | +75% y/y |
| Segment profit · Mining · Q2-2026 | $164M | +163% y/y |
| Net income · Q2-2026 | $87M | +1459% y/y |
| Cash cost of sales · Mining · Q2-2026 | $338M | +51% y/y |
| Capital expenditures · Q2-2026 | $29M | -62% y/y |
| Premium LV FOB price · Q2-2026 | $238.27 | +29% y/y |
Risks flagged
Labor contract uncertainty
“The Company's Collective Bargaining Agreement (CBA) with the labor union representing certain of the Company's hourly employees expired on April 1, 2021. The Company continues to engage in good faith efforts with the labor union to reach an agreement on a new contract.” · word for word
Tariff and trade policy risk
“Ongoing trade and tariff uncertainty continued to contribute to volatility in global steel and steelmaking coal markets.” · word for word
Customer concentration
“Customer A, B, C, D each >10% of segment revenue in Q2 2026.”
30 Apr 20268-K · 2.02Sales volumes 3,000,000 (+38% y/y); Production volumes 3,500,000 (+55% y/y); Net income $72M; Guidance: Full year 2026 outlook and guidance reaffirmedearningsopen
Figures in the filing · each found in the filing text
| Sales volumes · steelmaking coal · Q1-2026 | 3,000,000 | +38% y/y |
| Production volumes · steelmaking coal · Q1-2026 | 3,500,000 | +55% y/y |
| Net income · Q1-2026 | $72M | |
| Adjusted EBITDA · Q1-2026 | $143M | +263% y/y |
| Total revenues · Q1-2026 | $459M | +53% y/y |
| Average net selling price · steelmaking coal · Q1-2026 | $149.39 | +10% y/y |
| Cash cost of sales (FOB port) per short ton · steelmaking coal · Q1-2026 | $96.17 | -14% y/y |
| Inventory · steelmaking coal · Q1-2026 | 1,900,000 | |
| Diluted EPS · Q1-2026 | $1.37 | |
| Blue Creek total project spending · Blue Creek · Q1-2026 | $1.02B |
Guidance
Full year 2026 outlook and guidance reaffirmed
Full-year 2026 guidance reaffirmed; Blue Creek construction completed ahead of schedule and within capex; record sales and margin expansion; management confident in continued value creation.
Risks flagged
Trade restrictions with China and global supply pressure continue to weigh on steelmaking coal pricing, especially in High Vol A segment.
“Trade restrictions with China persist and global supply continues to pressure pricing, especially in the High Vol A segment.” · word for word
Middle East conflict adds uncertainty and potential inflationary pressures to global markets.
“The recent conflict in the Middle East adds additional uncertainty and potential inflationary pressures into the global markets.” · word for word
Lower price realization relative to PLV index (72% vs 83%) due to sales mix and elevated freight rates.
“Average gross selling price realization was approximately 72% of the Platts Premium Low Vol FOB Australian index price for the first quarter of 2026 compared to 83% for the first quarter of 2025.” · word for word
30 Apr 202610-QTotal revenues $459M (+53% y/y); Net income (loss) $72M; Segment Adjusted EBITDA $158M (+221% y/y)open
Figures in the filing · each found in the filing text
| Total revenues · Q1-2026 | $459M | +53% y/y |
| Net income (loss) · Q1-2026 | $72M | |
| Segment Adjusted EBITDA · Mining · Q1-2026 | $158M | +221% y/y |
| Metric tons sold · Mining · Q1-2026 | 2,723,000 | +38% y/y |
| Metric tons produced · Mining · Q1-2026 | 3,173,000 | +55% y/y |
| Average net selling price per metric ton · Mining · Q1-2026 | $164.70 | +10% y/y |
| Cash cost of sales per metric ton · Mining · Q1-2026 | $106.02 | -14% y/y |
| Capital expenditures · Q1-2026 | $80M | +17% y/y |
| Cash and cash equivalents · 2026-03-31 | $203M | |
| Free cash flow · Q1-2026 | $-92M |
Risks flagged
Labor contract expiration risk
“The Company's Collective Bargaining Agreement ("CBA") with the labor union representing certain of the Company's hourly employees expired on April 1, 2021.” · word for word
China demand dependency
“During the first quarter of 2026, steelmaking coal demand from China remained subdued, as steel producers continued to operate with controlled production levels and relied primarily on domestic supply and Mongolian imports.” · word for word
Tariff and trade policy uncertainty
“Ongoing trade and tariff uncertainty continued to contribute to volatility in global steel and steelmaking coal markets.” · word for word
10 Mar 2026DEF 14AProxy statement disclosing executive compensation, governance, and performance metrics for 2025open
Figures in the filing · each found in the filing text
| Sales volumes · FY2025 | 8,700,000 | +21% y/y |
| Production volumes · FY2025 | 9,300,000 | +24% y/y |
| Net income · FY2025 | $57M | |
| Adjusted EBITDA · FY2025 | $257M | |
| Operating cash flow · FY2025 | $229M | |
| Capital expenditures · FY2025 | $402M | |
| Blue Creek project spend · Blue Creek · FY2025 | $240M | |
| Total liquidity · FY2025 | $484M | |
| Total shareholder return (3-year) · FY2025 | 161.2% | |
| Reserves · FY2025 | 186,200,000 |
Risks flagged
Steelmaking coal pricing pressure
“These impressive results were achieved despite challenging global steelmaking coal markets, where pricing has been driven primarily by depressed global steel demand, record high Chinese steel exports, and abundant global supply of steelmaking coal” · word for word
Global steel demand weakness
“pricing has been driven primarily by depressed global steel demand, record high Chinese steel exports, and abundant global supply of steelmaking coal” · word for word
12 Feb 202610-KNet income $57M (-77% y/y); Adjusted EBITDA $257M (-43% y/y); Metric tons sold 8,735,000 (+21% y/y); Guidance: expect to produce at a minimum approximately 4.1 to 4.4 million metric tons in 2026open
Figures in the filing · each found in the filing text
| Net income · FY2025 | $57M | -77% y/y |
| Adjusted EBITDA · FY2025 | $257M | -43% y/y |
| Metric tons sold · FY2025 | 8,735,000 | +21% y/y |
| Metric tons produced · FY2025 | 9,256,000 | +24% y/y |
| Average net selling price per metric ton · FY2025 | $146.20 | -30% y/y |
| Cash cost of sales per metric ton · FY2025 | $111.66 | -19% y/y |
| Operating cash flow · FY2025 | $229M | -38% y/y |
| Capital expenditures · FY2025 | $402M | |
| Total liquidity · FY2025 | $484M |
Guidance
expect to produce at a minimum approximately 4.1 to 4.4 million metric tons in 2026
Production guidance increased due to Blue Creek ramp-up, but pricing environment expected to remain weak.
Risks flagged
Steelmaking coal price weakness
“Global steelmaking coal markets remained challenged throughout 2025, driven primarily by depressed global steel demand, record‑high Chinese steel exports, and an abundant global supply of steelmaking coal.” · word for word
Tariff and trade uncertainty
“Ongoing trade and tariff uncertainty has contributed to lower seaborne coal prices.” · word for word
Labor contract uncertainty
“Our Collective Bargaining Agreement contract with the United Mine Workers of America (“UMWA”) expired on April 1, 2021 and the labor union initiated a strike after an agreement on a new contract was not reached.” · word for word
12 Feb 20268-K · 2.02Net income $23M; Adjusted EBITDA $93M; Sales volumes 2,900,000 (+53% y/y); Guidance: Raised volume guidance for 2026earningsopen
Figures in the filing · each found in the filing text
| Net income · Q4-2025 | $23M | |
| Adjusted EBITDA · Q4-2025 | $93M | |
| Sales volumes · Q4-2025 | 2,900,000 | +53% y/y |
| Cash cost of sales per short ton · Q4-2025 | $93.53 | -22% y/y |
| Production volumes · Q4-2025 | 3,400,000 | +61% y/y |
| Total revenues · Q4-2025 | $384M | |
| Full year net income · FY2025 | $57M | |
| Full year Adjusted EBITDA · FY2025 | $257M | |
| Full year sales volumes · FY2025 | 9,600,000 | +21% y/y |
| Full year production volumes · FY2025 | 10,200,000 | +24% y/y |
Guidance
Raised volume guidance for 2026
Raised 2026 volume guidance due to solid operational performance from Blue Creek.
Risks flagged
Exposure to global steelmaking coal price volatility
“Average index price for premium low-volatility coal was 22% lower year-over-year” · word for word
16 Jan 20268-K · 1.01, 2.03Warrior Met Coal entered into two federal coal leases with the BLM covering ~14,050 acres and ~53.2M short tons of recoverable reserves, with total bid payments of ~$47M over 5 years.open
Figures in the filing · each found in the filing text
| Recoverable coal reserves (Mine No. 1) · Mine No. 1 · point_in_time | $36M | |
| Recoverable coal reserves (Mine No. 4) · Mine No. 4 · point_in_time | $17M | |
| Lease bid amount (Mine No. 1) · Mine No. 1 · point_in_time | $32M | |
| Lease bid amount (Mine No. 4) · Mine No. 4 · point_in_time | $15M |
Risks flagged
Lease payments create financial obligation; royalty and rental payments ongoing; regulatory approvals obtained.
“Each Company is required to pay customary production royalties of 7% of the value of the coal produced and per acre annual rental payments.” · word for word
5 Nov 20258-K · 2.02Net income $37M (-12% y/y); Adjusted EBITDA $71M (-10% y/y); Total revenues $329M (+0% y/y); Guidance: Full-year production volume guidance raised by 10%earningsopen
Figures in the filing · each found in the filing text
| Net income · consolidated · Q3-2025 | $37M | -12% y/y |
| Adjusted EBITDA · consolidated · Q3-2025 | $71M | -10% y/y |
| Total revenues · consolidated · Q3-2025 | $329M | +0% y/y |
| Sales volumes · steelmaking coal · Q3-2025 | 2,400,000 | +26% y/y |
| Production volumes · steelmaking coal · Q3-2025 | 2,200,000 | +16% y/y |
| Average net selling price · steelmaking coal · Q3-2025 | $135.87 | -21% y/y |
Guidance
Full-year production volume guidance raised by 10%
Raised production guidance on early Blue Creek startup and cost improvements.
Risks flagged
Weaker steelmaking coal market with lower prices and global demand pressure.
“significantly weaker steelmaking coal market conditions driven primarily by ongoing depressed global steel demand, excess Chinese steel exports and ample supply of steelmaking coal globally” · word for word
5 Nov 202510-QWarrior Met Coal reported Q3 2025 results with revenue flat YoY but net income down 12% due to lower met coal prices.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $329M | +0% y/y |
| Net Income · Q3-2025 | $37M | -12% y/y |
| Adjusted EBITDA · Mining · Q3-2025 | $80M | -9% y/y |
| Production Volumes · Blue Creek · 9M-2025 | 702,000 |
Guidance
Blue Creek 2025 production ~1.6M metric tons, 2026 production 4.1-4.4M metric tons; total 2025 capex $225-250M
Management provided Blue Creek production guidance and capex outlook, but noted weak market conditions.
Risks flagged
Met Coal Price Decline
“The Platts Premium Low-Vol index averaged $183.51 per metric ton for the third quarter of 2025 compared to $210.67 for the third quarter of 2024.” · word for word
Labor Contract Expiration
“The Company's Collective Bargaining Agreement ("CBA") with the labor union representing certain of the Company's hourly employees expired on April 1, 2021.” · word for word
Warrior Met Coal, Inc. — questions
- What did Warrior Met Coal, Inc. file recently?
- 11 SEC filings in the last 12 months. Latest: 8-K on 2026-08-05 — Total revenues $510M (+71% y/y); Net income $87M (+1461% y/y); Adjusted EBITDA $157M (+193% y/y); Guidance: Full-year volume guidance raised; Blue Creek ramp-up driving record volumes
Every figure on this page comes from Warrior Met Coal, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.