| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 458.59 | 52.9% |
| Total Income | 458.59 | 52.9% |
| Expenditure | 379.22 | 19.5% |
| PBT | 78.78 | 654.8% |
| Net Profit | 72.34 | 985.4% |
| OPM | 17.31% | 23.10pp |
| NPM | 15.78% | 18.50pp |
| EPS | 1.37 | 956.3% |
Warrior Met Coal Reports Q1 2026 Results: Net Income $72.3 Million
03 May 2026 · 3 May, 6:09 pm
Summary
Warrior Met Coal, Inc. announced its first quarter 2026 results, reporting a net income of $72.3 million, a significant increase from the net loss in the same quarter of the previous year. Adjusted EBITDA saw a substantial rise, driven by the Blue Creek mine's profitability and slightly improved steelmaking coal prices. Sales and production volumes reached record levels, supported by the Blue Creek mine. The company reaffirmed its full-year outlook and guidance for 2026, despite continued challenging market conditions for steelmaking coal.
Key Highlights
- 1
Warrior Met Coal reported a net income of $72.3 million, or $1.37 per diluted share, for the first quarter of 2026.
- 2
Adjusted EBITDA increased by 263% to $143.4 million in the first quarter of 2026, compared to $39.5 million in the first quarter of 2025.
- 3
The company achieved record quarterly sales volumes of 3.0 million short tons of steelmaking coal.
- 4
Production volumes grew by 55% to 3.5 million short tons of steelmaking coal in the first quarter of 2026.
- 5
Cash cost of sales (free-on-board port) per short ton decreased by 14% to $96.17.
- 6
Total revenues increased by 53% to $458.6 million for the first quarter of 2026, compared to $299.9 million for the first quarter of 2025.
- 7
The company reaffirmed its full year 2026 outlook and guidance.
Management Comments
Walt Scheller
The first quarter marked a defining milestone for Warrior as we completed the final project spending for the development of our transformational Blue Creek mine, delivering the project ahead of schedule and fully in line with our capital expenditure guidance. Blue Creek is already making a meaningful contribution to our financial performance with its volumes a key driver of record sales volume during the first quarter and its lower cost structure a critical foundation for our ability to expand margins and drive free cash flow despite continued challenging market conditions for steelmaking coal. With our strong and low-cost assets now fully operational, and construction capital expenditures behind us, we are well positioned for the future.
Informational and educational content only. Not investment advice.