NYSE$HCC

Warrior Met Coal Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Achieved largest quarterly Net Income and Earnings Per Share in three years and successfully completed debt refinancing.

Warrior Met Coal reported a strong fourth quarter in 2021 with a net income of $138.5 million, or $2.68 per diluted share, driven by strong customer demand and a favorable pricing environment. The company also successfully completed debt refinancing to position itself for long-term success.

  • Reported a net income of $138.5 million, or $2.68 per diluted share, compared to a net loss of $33.7 million, or $0.66 per diluted share, in Q4 2020.
  • Adjusted net income for Q4 2021 was $3.17 per diluted share compared to an adjusted net loss of $0.63 per diluted share in Q4 2020.
  • Adjusted EBITDA of $240.2 million in Q4 2021, compared to Adjusted EBITDA of $9.2 million in Q4 2020.
  • Total revenues were $415.5 million for Q4 2021, compared to $212.3 million in Q4 2020.

Headline financials

Total Revenue

$416M

Previous: $212M+95.8%
EPS (adj)

$3.17

Previous: -$0.63+603.2%
Tons sold

1.4M

Previous: 2.2M-34.3%
Tons produced

1.1M

Previous: 1.8M-37.0%
Average net selling price

$273.84

Previous: $93.54+192.8%
Gross selling price realization

85.0%

Previous: 102.0%-16.7%
Capital Expenditures

$23.7M

Previous: $15.4M+53.9%
Free Cash Flow

$151M

Previous: $1.21M+12400.0%
Net Income

$138M

Previous: -$33.7M+510.8%
Operating Income

$184M

Previous: -$37.8M+587.7%
Gross Profit

$254M

Previous: $9.28M+2641.2%
Cash & Equivalents

$396M

Previous: $212M+86.8%
Total Assets

$1.46B

Previous: $1.39B+5.0%
Stock-Based Comp

$607K

Previous: $1.97M-69.2%

Revenue & EPS history

Warrior Met Coal · Revenue · Quarterly

$416M

Q4 2021+95.8%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The Company's outlook for 2022 is subject to many risks that may impact performance, such as the UMWA strike, market conditions in the steel and met coal industries and overall global economic and competitive conditions.

Tailwinds

  • Three planned longwall moves (Q2, Q3, Q4)
  • HCC index pricing
  • Exclusion of other non-recurring costs
  • New UMWA 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 Q4 2021

Historical avgQ4 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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