NYSE$HCC

Warrior Met Coal Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported a net loss due to a challenging market environment, but maintained positive cash flow through cost management and capex spending.

Warrior Met Coal reported a net loss of $9.2 million for Q2 2020, compared to a net income of $125.5 million in Q2 2019. Despite the challenges, the company maintained positive cash flow and a strong balance sheet.

  • Experienced a substantial reduction in customer demand and significantly lower pricing.
  • Successfully managed costs, working capital, and capex spending to preserve financial flexibility.
  • Maintained a strong balance sheet and adequate liquidity.
  • Continuing to operate mines in accordance with CDC and state regulators, taking precautions to protect employee health and safety.

Headline financials

Total Revenue

$164M

Previous: $398M-58.8%
EPS (adj)

-$0.18

Previous: $2.16-108.3%
Tons sold

1.5M

Previous: 2.2M-34.3%
Tons produced

2.1M

Previous: 2.2M-3.6%
Average net selling price

$108.05

Previous: $172.96-37.5%
Cash cost of sales (FOB)

$88.27

Previous: $91.30-3.3%
Gross selling price realization

100.0%

Previous: 97.0%+3.1%
Capital Expenditures

-$26M

Previous: -$27.7M+6.2%
Free Cash Flow

-$35.1M

Previous: $97.8M-135.9%
Net Income

-$9.16M

Previous: $125M-107.3%
Operating Income

-$5.33M

Previous: $148M-103.6%
Gross Profit

$32.9M

Previous: $192M-82.9%
Cash & Equivalents

$221M

Previous: $119M+84.9%
Total Assets

$1.4B

Previous: $1.29B+8.3%
Stock-Based Comp

$1.99M

Previous: $1.46M+36.8%

Revenue & EPS history

Warrior Met Coal · Revenue · Quarterly

$164M

Q2 2020-58.8%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Warrior Met Coal withdrew its full year 2020 guidance due to uncertainties regarding the duration of the COVID-19 pandemic and its impact on the global economy and the Company's operations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-1.6%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+0.2%

Avg return

30 days after

41%

15 / 37 earnings

Positive

+23.8%

Q3 2025

Best reaction

-21.7%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.0%-2.6%+5.1%
Q4 2025+0.2%+1.1%-1.1%
Q3 2025+23.8%+24.8%+23.5%
Q1 2025-5.0%-0.5%-5.0%
Q4 2024-8.4%-7.8%-9.0%
Q3 2024+1.4%+5.3%+12.9%
Q2 2024-10.2%-12.0%-11.3%
Q1 2024-4.2%-5.3%+0.1%
Q4 2023-1.3%-3.1%-9.7%
Q3 2023-0.1%+0.7%+19.8%
Q2 2023-14.7%-8.7%-8.0%
Q1 2023+6.5%+14.6%+4.5%
Q4 2022+1.6%+5.8%-15.8%
Q3 2022-1.5%-0.0%+1.6%
Q2 2022-11.4%-7.0%-0.8%
Q1 2022-9.3%-11.2%+2.4%
Q4 2021+0.3%+0.8%+22.2%
Q3 2021-3.5%-7.7%-10.1%
Q2 2021-1.9%-10.7%+27.0%
Q1 2021-5.1%-9.0%+11.5%
Q4 2020-21.7%-23.2%-32.5%
Q3 2020-2.6%+6.7%+25.1%
Q2 2020-5.9%-1.7%+6.7%
Q1 2020+7.6%+15.4%+20.8%
Q4 2019-14.2%-16.7%-42.7%
Q3 2019-15.2%-10.8%-10.7%
Q2 2019-13.6%-14.1%-16.4%
Q1 2019+6.2%-8.5%-16.7%
Q4 2018+2.6%+1.9%-1.7%
Q3 2018-3.5%-4.0%-13.7%
Q2 2018-3.5%-3.6%-7.0%
Q1 2018+12.3%+14.8%+22.4%
Q4 2016+10.7%+9.0%+4.7%
Q4 2017+10.7%+9.0%+4.7%
Q3 2017+4.2%+5.7%-8.4%
Q2 2017+6.5%+8.2%+20.2%
Q1 2017+4.2%+5.0%-7.0%
Q3 2016
Q2 2016
Q1 2016
Q4 2015

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