NYSE$HCC
Warrior Met Coal Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a decrease in net income but an increase in sales volumes and production.
Warrior Met Coal reported a net income of $85.4 million for Q3 2023, a decrease from $98.4 million in Q3 2022. However, sales volumes increased by 51% to 2.3 million short tons, and production increased by 21% to 2.0 million short tons. The company also reduced debt leverage by $146.1 million.
- Sales volumes rose 51% to 2.3 million short tons due to strong demand and improved transportation.
- Production increased 21% to 2.0 million short tons due to higher capacity levels at Mine No. 4 and Mine No. 7.
- Average net selling price decreased 26% to $184.71 per short ton due to record high steelmaking coal market pricing last year.
- Debt leverage was reduced by nearly 50%, or $146.1 million, through tender offers for senior secured notes.
Headline financials
Revenue & EPS history
Warrior Met Coal · Revenue · Quarterly
$423M
Forward guidance
The Company has updated its guidance for the full year 2023, with the only updates attributed to mine development costs and interest income, net.
Tailwinds
- Coal sales between 7.1 and 7.7 million short tons.
- Coal production between 6.8 and 7.4 million short tons.
- Capital expenditures for existing mines between $95 and $105 million.
- Selling, general and administrative expenses between $42 and $48 million.
- Net interest income between $20 and $24 million.
Headwinds
- One planned longwall move in Q4.
- HCC index pricing.
- Exclusion of other non-recurring costs.
- Terms of any 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 Q3 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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