NYSE$HCC

Warrior Met Coal Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Achieved largest Net Income and Adjusted EBITDA in over two years.

Warrior Met Coal reported a net income of $38.4 million for Q3 2021, a significant improvement compared to the net loss of $14.4 million in Q3 2020. The company's performance was driven by record high pricing and strong global demand, resulting in the most profitable results since the onset of the COVID-19 pandemic.

  • Reported net income of $38.4 million, or $0.74 per diluted share, compared to a net loss of $14.4 million, or $0.28 per diluted share, in Q3 2020.
  • Adjusted net income per share was $0.97 per diluted share, compared to an adjusted net loss per share of $0.28 in Q3 2020.
  • Adjusted EBITDA reached $104.9 million, compared to $16.8 million in Q3 2020.
  • Total revenues were $202.5 million, including $199.7 million in mining revenues.

Headline financials

Total Revenue

$202M

Previous: $180M+12.4%
EPS (adj)

$0.97

Previous: -$0.28+446.4%
Tons sold

1.1M

Previous: 1.9M-43.1%
Tons produced

1.1M

Previous: 1.9M-41.7%
Average net selling price

$188.62

Previous: $90.65+108.1%
Adjusted EBITDA

$105M

Previous: $16.1M+552.6%
Gross selling price realization

81.0%

Previous: 90.0%-10.0%
Capital Expenditures

-$10.5M

Previous: -$23.3M+55.0%
Free Cash Flow

$27.9M

Previous: -$37.7M+174.0%
Net Income

$38.4M

Previous: -$14.4M+366.2%
Operating Income

$51.2M

Previous: -$14.5M+452.8%
Gross Profit

$110M

Previous: $28.7M+285.1%
Cash & Equivalents

$268M

Previous: $216M+24.0%
Total Assets

$1.34B

Previous: $1.39B-3.3%
Stock-Based Comp

$1.52M

Previous: $1.91M-20.3%

Revenue & EPS history

Warrior Met Coal · Revenue · Quarterly

$202M

Q3 2021+12.4%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
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.

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 Q3 2021

Historical avgQ3 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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