earnings
confidence high
sentiment negative
materiality 0.75
Warrior Met Coal Q2 net income $82.1M ($1.58/diluted) vs $297M; sales vol up 15%, price down 48%
WARRIOR MET COAL, INC.
2023-Q2 EPS reported
$5.09
revenue$889,334,000
- Net income $82.1M ($1.58 diluted EPS) vs $297M ($5.74) a year ago; adjusted EPS $1.63.
- Revenue $379.7M (-39% YoY) as avg realized met coal price fell 48% to $208.56/ton; sales vol 1.8M short tons (+15%).
- Production 1.9M short tons, highest since Q1 2021; cost of sales $230.5M, cash cost $128.70/ton.
- Blue Creek scope changes add $120-130M capex; 2023 Blue Creek capex guided $250-300M; first longwall start-up expected Q2 2026.
- Regular dividend $0.07/share declared; FY 2023 guidance maintained: sales 7.1-7.7M short tons.