NYSE$HCC
Warrior Met Coal Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported momentum in its business despite end-user demand headwinds.
Warrior Met Coal reported a net income of $82.1 million for Q2 2023, with sales volumes up 15% to 1.8 million short tons and production reaching 1.9 million short tons. However, the average net realized price decreased to $208.56 per short ton, impacting total revenues.
- Net income decreased to $82.1 million, or $1.58 per diluted share, compared to $297.0 million, or $5.74 per diluted share in Q2 2022.
- Sales volumes increased by 15% to 1.8 million short tons.
- Production ramped up to 1.9 million short tons, the largest since Q1 2021.
- Average net realized price decreased to $208.56 per short ton from $403.95 per short ton in Q2 2022.
Headline financials
Revenue & EPS history
Warrior Met Coal · Revenue · Quarterly
$380M
Forward guidance
Warrior Met Coal updated its full year 2023 guidance, including coal sales of 7.1 - 7.7 million short tons, coal production of 6.8 - 7.4 million short tons, cash cost of sales (free-on-board port) of $113 - $125 per short ton, and capital expenditures for existing mines of $95 - $105 million.
Tailwinds
- Strong customer demand for steelmaking coal.
- Improved performance at the McDuffie Terminal.
- Increased production due to adjusted work schedules.
- Addition of approximately 250 eligible union-represented workers.
- Development of Blue Creek mine to lower operating costs and increase flexibility.
Headwinds
- Softening steelmaking coal prices.
- Inflationary cost increases in operating expenses and capital expenditures.
- Ongoing expenses related to legal and labor negotiations.
- Potential mechanical issues at the McDuffie Terminal at the Port of Mobile.
- Ongoing rail transportation 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 2023
-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
| Quarter | Report date | Reaction (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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