NYSE$HCC

Warrior Met Coal Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a net loss due to the UMWA strike and delivered strong cash flows through tight cost management.

Warrior Met Coal reported a net loss of $4.7 million for Q2 2021, but adjusted net income per share was $0.25. The company benefited from strong market demand and improved met coal prices, capitalizing on China's ban on Australian coal imports. Despite costs associated with the UMWA strike, Warrior Met Coal delivered strong free cash flow and adjusted EBITDA.

  • Net loss for the second quarter of 2021 was $4.7 million, or $0.09 per diluted share.
  • Adjusted net income per share for the second quarter of 2021 was $0.25 per diluted share.
  • Adjusted EBITDA of $65.2 million in the second quarter of 2021.
  • Generated positive cash flows from operating activities of $68.7 million.

Headline financials

Total Revenue

$227M

Previous: $164M+38.9%
EPS (adj)

$0.25

Previous: -$0.18+238.9%
Tons sold

1.8M

Previous: 1.5M+23.8%
Tons produced

1.2M

Previous: 2.1M-43.5%
Average net selling price

$123.36

Previous: $108.05+14.2%
Gross selling price realization

100.0%

Previous: 100.0%+0.0%
Capital Expenditures

-$14.2M

Previous: -$26M+45.4%
Free Cash Flow

-$18.9M

Previous: -$35.1M+46.3%
Net Income

-$4.68M

Previous: -$9.16M+48.9%
Operating Income

-$2.83M

Previous: -$5.33M+46.9%
Gross Profit

$74.7M

Previous: $32.9M+126.8%
Cash & Equivalents

$267M

Previous: $221M+20.9%
Total Assets

$1.35B

Previous: $1.4B-3.6%
Stock-Based Comp

$5.54M

Previous: $1.99M+178.5%

Revenue & EPS history

Warrior Met Coal · Revenue · Quarterly

$227M

Q2 2021+38.9%vs Q2 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Due to ongoing uncertainty related to negotiations with the UMWA, the Chinese ban on Australian coal and other potentially disruptive factors, Warrior will not be providing full year 2021 guidance at this time. The Company expects to return to providing guidance once there is further clarity on these issues.

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 2021

Historical avgQ2 2021

-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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