NYSE$HCC

Warrior Met Coal Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Achieved record quarterly net income and all-time record adjusted EBITDA and cash flows.

Warrior Met Coal reported a record-setting second quarter in 2022, achieving a net income of $297.0 million, an all-time record Adjusted EBITDA of $431.2 million, and record cash flows. The company benefited from its premium met coal assets and efficient business model, capitalizing on strong demand and high prices.

  • Reported net income of $297.0 million, or $5.74 per diluted share, compared to a net loss of $4.7 million in Q2 2021.
  • Achieved an all-time record Adjusted EBITDA of $431.2 million, compared to $65.2 million in Q2 2021.
  • Total revenues were $625.2 million, including $623.3 million in mining revenues, compared to $227.4 million in Q2 2021.
  • Generated record cash flows of $329.6 million from operating activities, compared to $68.7 million in Q2 2021.

Headline financials

Total Revenue

$625M

Previous: $227M+174.9%
EPS (adj)

$5.87

Previous: $0.25+2248.0%
Tons sold

1.5M

Previous: 1.8M-15.3%
Tons produced

1.7M

Previous: 1.2M+39.5%
Average net selling price

$403.95

Previous: $123.36+227.5%
Capital Expenditures

-$68.2M

Previous: -$14.2M-381.0%
Free Cash Flow

$229M

Previous: -$18.9M+1313.7%
Net Income

$297M

Previous: -$4.68M+6444.6%
Operating Income

$373M

Previous: -$2.83M+13263.6%
Gross Profit

$434M

Previous: $74.7M+481.3%
Cash & Equivalents

$645M

Previous: $267M+141.6%
Total Assets

$1.9B

Previous: $1.35B+41.0%
Stock-Based Comp

$4.43M

Previous: $5.54M-20.0%

Revenue & EPS history

Warrior Met Coal · Revenue · Quarterly

$625M

Q2 2022+174.9%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Warrior Met Coal updated its guidance for the full year 2022.

Tailwinds

  • Coal sales between 5.5 and 6.5 million short tons.
  • Coal production between 5.5 and 6.5 million short tons.
  • Capital expenditures between $185 and $200 million.
  • Mine development costs between $30 and $40 million.
  • Selling, general and administrative expenses between $48 and $52 million.

Headwinds

  • Two planned longwall moves (Q3, Q4).
  • HCC index pricing.
  • Exclusion of other non-recurring costs.
  • New labor contract.
  • Inflationary pressures.

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 2022

Historical avgQ2 2022

-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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