Warrior Met Coal Q2 revenue jumps 71% as Blue Creek mine boosts volumes

Warrior Met Coal

05/08/2026 21:41

Overview
US steelmaking coal producer's Q2 revenue rose 71% yr/yr, beating analyst expectations
EPS for Q2 rose sharply as Blue Creek mine drove record volumes and lower costs
Company raised full-year volume guidance after strong customer demand for Blue Creek product

Outlook
Warrior raises 2026 coal sales guidance to 13.0-14.0 mln short tons
Company sees 2026 coal production at 12.5-13.5 mln short tons
Warrior expects 2026 cash cost of sales at $95-$105 per short ton

Result Drivers
BLUE CREEK MINE - Ramp-up of Blue Creek mine drove record sales and production volumes, contributing to earnings and cash flow
LOWER COST STRUCTURE - Cash cost of sales per ton fell 9% yr/yr, mainly due to Blue Creek's lower costs and benefit from Section 45X tax credit
IMPROVED PRICING - Average net selling price for steelmaking coal rose 6% yr/yr, supported by positive customer reception and regional demand

Company press release: ID:nBwNQC58a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$509.70 mln
$488.36 mln (6 Analysts)
Q2 EPS
 
$1.65
 
Q2 Net Income
 
$87.40 mln
 
Q2 Adjusted EBITDA
 
$156.90 mln
 
Q2 Free Cash Flow
 
$103.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy"
Wall Street's median 12-month price target for Warrior Met Coal Inc is $101.20, about 24.2% above its August 4 closing price of $81.50
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 4 - Ramaco Resources Q2 revenue, EBITDA beat analyst estimates
Aug 5 - Natural Resource Partners Q2 revenue rises on higher coal volumes
Aug 4 - Steelmaker Ternium's Q2 profit rises, outlook brightens as margins surge

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)