HCC WARRIOR MET COAL, INC.
Price Chart
Executive Summary
Warrior Met Coal reported Q1 2026 net income of $72.3M ($1.37/diluted share) vs a net loss of $8.2M (-$0.16/share) in Q1 2025, driven by a 38% increase in record sales volumes to 3.0M short tons from the Blue Creek mine. Total revenue rose 53% to $458.6M, and Adjusted EBITDA surged 263% to $143.4M, while the company reaffirmed its full-year 2026 guidance for 12.5-13.5M short tons of coal sales.
Key Financial Metrics
Actionable Insight
The Blue Creek mine ramp is driving a step-change in volumes and margins, with Q1 results already tracking ahead of the full-year guidance midpoint. The completion of construction capex signals a transition to free cash flow generation in coming quarters. Monitor Q2 longwall moves (two planned) for production cadence, and track HCC index pricing for margin sensitivity.
Key Facts
- Q1 2026 net income of $72.3M vs net loss of $8.2M in Q1 2025
- Diluted EPS of $1.37 vs -$0.16 in prior year quarter
- Record quarterly sales volumes of 3.0M short tons, up 38% YoY
- Total revenue of $458.6M, up 53% from $299.9M YoY
- Adjusted EBITDA of $143.4M, up 263% from $39.5M YoY
- Cash cost of sales per short ton fell 14% to $96.17 from $112.35
- Blue Creek mine construction completed with total project spend of $1,022.9M
- Full-year 2026 guidance reaffirmed: 12.5-13.5M short tons coal sales
Financial Impact
Revenue increased $158.6M YoY; net income swung from -$8.2M to +$72.3M; Adjusted EBITDA increased $103.9M
Risk Factors
- Challenging steelmaking coal pricing environment with weak global demand and Chinese export pressure
- Four planned longwall moves in 2026 (two in Q2) could disrupt production cadence
- Free cash flow remained negative at -$91.9M due to working capital build from higher sales volumes
- Geopolitical uncertainty from Middle East conflict and trade/tariff policies
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-197165 |
| Document: hcc-20260430.htm | 0001193125-26-197165 |
| Document: 0001193125-26-197165-index-headers.html | 0001193125-26-197165 |
| Document: 0001193125-26-197165-index.html | 0001193125-26-197165 |
| Document: 0001193125-26-197165.txt | 0001193125-26-197165 |
| 8-K Data (Synthetic) | 0001193125-26-197165 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Apr 30, 2026
6w ago
|
8-K
| $86.20 $106.25 | ▲ +23.26% | ▲ +17.98% | $98.11 (+13.82%) |
|
Apr 21, 2026
7w ago
|
8-K
| $90.51 $85.60 | ▼ −5.42% | ▼ −10.34% | $98.11 (+8.40%) |
US Market Status
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