Warrior Met Coal Q1 net income up 25% to $182.3M; sales volumes surge 73%

WARRIOR MET COAL, INC.

2023-Q1 EPS reported $3.51 revenue$509,674,000

Net income $182.3M ($3.51 diluted EPS); adjusted EPS $3.57; up 20% YoY.
Revenue $509.7M (+35% YoY) on 1.9M short tons sold (+73%) at avg price $256.93/ton (-23%).
Adjusted EBITDA $259.4M (+6% YoY); record total liquidity $985.8M.
Labor strike ended Feb 2023; onboarding eligible workers; contract negotiations ongoing.
Regular dividend $0.07/share and special dividend $0.88/share paid in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WARRIOR MET COAL, INC. reported first quarter of 2023 results: revenue $509.7 million, net income $182.3 million, EPS $3.51 per diluted share.

Period: first quarter of 2023
Revenue: $509.7 million
Net income: $182.3 million
EPS: $3.51 per diluted share
Result: reported results

Exact text from the filing

reduced to 659 thousand short tons at the end of March 31, 2023 from 855 thousand short tons at the end of December 31, 2022. Additional Financial Results Total revenues were $509.7 million for the first quarter of 2023, which consisted of steelmaking coal sales of 1.9 million short tons at an average net selling price of $256.93 per short ton, net of demurrage and

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WARRIOR MET COAL, INC. reported first quarter of 2023 results: revenue $509.7 million, net income $182.3 million, EPS $3.51 per diluted share.

Period: first quarter of 2023
Revenue: $509.7 million
Net income: $182.3 million
EPS: $3.51 per diluted share
Result: reported results

Exact text from the filing

Total revenues were $509.7 million for the first quarter of 2023, which consisted of steelmaking coal sales of 1.9 million short tons at an average net selling price of $256.93 per short ton, net of demurrage and other charges.

View on SEC.gov

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WARRIOR MET COAL, INC. filing history →

Source: SEC EDGAR

accession 0001691303-23-000017

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