| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 328.59 | 10.4% | 0.3% |
| Total Income | 328.59 | 10.4% | 0.3% |
| Expenditure | 307.87 | 6.2% | 6.7% |
| PBT | 22.85 | 130.3% | 50.7% |
| Net Profit | 36.60 | 552.4% | 12.4% |
| OPM | 6.31% | 3.71pp | 5.63pp |
| NPM | 11.14% | 9.25pp | 1.61pp |
| EPS | 0.70 | 536.4% | 12.5% |
Warrior Met Coal Reports Q3 2025 Results
04 May 2026 · 4 May, 7:58 am
Summary
Warrior Met Coal, Inc. announced its third quarter 2025 results, reporting a net income of $36.6 million, or $0.70 per diluted share. The company's Adjusted EBITDA was $70.6 million, compared to $78.5 million in the same quarter of the previous year. Despite weaker steelmaking coal market conditions, Warrior reported a 27% increase in total sales volumes and a 17% increase in total production volumes, primarily due to the Blue Creek mine. The company has raised its full-year production volume guidance by 10% due to the early startup of Blue Creek's longwall.
Key Highlights
- 1
Warrior Met Coal reported a net income of $36.6 million, or $0.70 per diluted share, for the third quarter of 2025.
- 2
Adjusted EBITDA was $70.6 million in the third quarter of 2025, compared to $78.5 million in the third quarter of 2024.
- 3
The company achieved record quarterly sales volumes of 2.4 million short tons of steelmaking coal, including 378 thousand short tons sold from the Blue Creek mine.
- 4
Cash cost of sales (free-on-board port) per short ton decreased by 18% to $100.73 from $123.45 per short ton quarter-over-quarter.
- 5
Total revenues were $328.6 million for the third quarter of 2025, compared to $327.7 million for the third quarter of 2024.
- 6
The company produced 2.2 million short tons of steelmaking coal in the third quarter of 2025, a 17% increase compared to the 1.9 million short tons in the third quarter of 2024.
- 7
Warrior Met Coal won the bidding in the federal coal lease sale of 58 million short tons of high-quality steelmaking coal reserves.
Management Comments
Walt Scheller
It is gratifying to see our detailed planning and laser-focused execution result in the successful startup of longwall operations at our transformational Blue Creek mine eight months ahead of schedule, while keeping the overall project on budget. This milestone reflects Warrior's unwavering commitment to operational excellence and highlights the exceptional teamwork and dedication of our employees. Their efforts have propelled us forward and enhanced our position for sustained growth and long-term success. The early startup of Blue Creek's longwall significantly increases our production capacity and has already begun contributing to revenue and free cash flow. As a result of our success on this project, we have raised our full-year production volume guidance by 10%, further reinforcing Warrior's position as the premier U.S. pure-play producer of premium steelmaking metallurgical coal. The purchase of these leases enables us to enhance our long-term growth strategy, bolstering our reserve base and extending the life of our core mining operations. The newly leased areas are adjacent to existing infrastructure, allowing for efficient integration into our current operations and capital planning. While several regulatory and administrative steps remain before Warrior enters into a lease agreement with the Bureau of Land Management, we are actively engaged with the relevant agencies to ensure timely progress and compliance with all requirements. The combination of this acquisition, once it closes, and the continued ramping up of production at Blue Creek positions us to continue to meet sustained global demand for premium steelmaking coal. With world class assets, a low-cost position, and disciplined capital deployment, we remain focused on delivering long-term shareholder value through strategic resource development and operational excellence.
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