NYSE$HCC

Warrior Met Coal Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a net loss due to the impact of COVID-19 on met coal demand and pricing worldwide, but remained cash flow positive and managed operating costs while making capital investments.

Warrior Met Coal reported a net loss of $33.7 million for Q4 2020, compared to a net income of $20.8 million in Q4 2019. Despite weak met coal markets, the company was cash flow positive and focused on managing costs and making strategic capital investments.

  • Reported a net loss of $33.7 million, or $0.66 per diluted share, compared to net income of $20.8 million, or $0.41 per diluted share, in the fourth quarter of 2019.
  • Adjusted EBITDA was $9.2 million in the fourth quarter of 2020, compared to $45.0 million in the fourth quarter of 2019.
  • Produced 1.8 million short tons of met coal in the fourth quarter of 2020, consistent with the fourth quarter of 2019.
  • Sales volume in the fourth quarter of 2020 was 2.2 million short tons, compared to 1.7 million short tons in the fourth quarter of 2019.

Headline financials

Total Revenue

$212M

Previous: $205M+3.6%
EPS (adj)

-$0.63

Previous: $0.23-373.9%
Tons sold

2.2M

Previous: 1.7M+33.2%
Tons produced

1.8M

Previous: 1.8M-2.9%
Average net selling price

$93.54

Previous: $119.67-21.8%
Gross selling price realization

102.0%

Previous: 97.0%+5.2%
Capital Expenditures

$15.4M

Previous: $28.9M-46.6%
Free Cash Flow

$1.21M

Previous: -$4.36M+127.7%
Net Income

-$33.7M

Previous: $20.8M-262.5%
Operating Income

-$37.8M

Previous: $24.1M-256.9%
Gross Profit

$9.28M

Previous: $55.7M-83.4%
Cash & Equivalents

$212M

Previous: $193M+9.6%
Total Assets

$1.39B

Previous: $1.34B+3.7%
Stock-Based Comp

$1.97M

Previous: $1.6M+22.8%

Revenue & EPS history

Warrior Met Coal · Revenue · Quarterly

$212M

Q4 2020+3.6%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Due to ongoing uncertainty related to the COVID-19 pandemic, 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 Q4 2020

Historical avgQ4 2020

-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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