earnings
confidence high
sentiment neutral
materiality 0.70
Warrior Met Coal Q3 net income $85.4M ($1.64 EPS) vs $98.4M prior year; sales volumes up 51%
WARRIOR MET COAL, INC.
2023-Q3 EPS reported
$6.72
revenue$1,312,821,000
- Net income $85.4M ($1.64 diluted EPS) vs $98.4M ($1.90) in Q3 2022; adjusted EPS $1.85 vs $2.10.
- Sales volumes 2.3M short tons (+51% YoY); average net selling price $184.71/short ton (-26% from $248.13).
- Reduced leverage $146.1M via tender offer; retired $146.1M of 7.875% Senior Secured Notes due 2028; loss on extinguishment $11.7M.
- Board declared regular quarterly cash dividend $0.07/share, payable Nov 10, 2023, to holders of record Nov 3, 2023.
- Updated FY2023 guidance: coal sales 7.1-7.7M tons; cash cost $113-$125/short ton; Blue Creek capex $325-$380M.