Warrior Met Coal Q1 net income $137M ($2.62/share) down 25% YoY; Blue Creek cost baseline raised to ~$1B

WARRIOR MET COAL, INC.

2024-Q1 EPS reported $2.62 revenue$503,512,000

Net income $137M ($2.62 diluted EPS) vs $182.3M ($3.51) in Q1 2023; adjusted EBITDA $200.2M vs $259.4M.
Sales volume 2.1M short tons (+9% YoY); production 2.1M short tons (+17%) - highest quarterly production since 2020.
Average net selling price $233.91/ton (down 9% YoY); cash cost of sales $133.48/ton (up 12%).
Blue Creek project total cost baseline raised to $995M-$1.075B; continuous miner production start Q3 2024, longwall Q2 2026.
Returned $30.6M to stockholders via $0.58/share in dividends; regular quarterly dividend of $0.08/share declared.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WARRIOR MET COAL, INC. reported first quarter of 2024 results: revenue $503.5 million, net income $137.0 million, EPS $2.62 per diluted share. Guidance reaffirmed.

Period: first quarter of 2024
Revenue: $503.5 million
Net income: $137.0 million
EPS: $2.62 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Inventory levels decreased to 892 thousand short tons as of March 31, 2024 from 968 thousand short tons as of December 31, 2023. Additional Financial Results Total revenues were $503.5 million for the first quarter of 2024, which compares to total revenues of $509.7 million in the first quarter of 2023. The average net selling price of the Company's steelmaking coal

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WARRIOR MET COAL, INC. filing history →

Source: SEC EDGAR

accession 0001691303-24-000013

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