Welcome to our dedicated page for Warrior Met Coal news (Ticker: HCC), a resource for investors and traders seeking the latest updates and insights on Warrior Met Coal stock.
Warrior Met Coal, Inc. (Symbol: HCC) is a prominent player in the coal mining industry, primarily focusing on the production and export of metallurgical coal, which is a critical component in the steelmaking process. Established in 2015 and headquartered in Brookwood, Alabama, the company operates two extensive underground mines located in Alabama. These mines are strategically positioned in the rich geological formations of Southern Appalachia's coal seam.
Warrior Met Coal caters to a global clientele, selling its high-quality metallurgical coal to blast furnace steel producers across Europe, South America, and Asia. This international customer base underscores the company's significant role in the global steel industry.
In addition to its core business, Warrior Met Coal also generates revenue from the sale of natural gas, a byproduct of its coal mining operations. The extraction of natural gas not only adds a valuable revenue stream but also highlights the company's commitment to maximizing resource utilization.
The company's financial performance has been bolstered by its strong operational capabilities and strategic market positions. By focusing on efficient mining practices and maintaining robust customer relationships, Warrior Met Coal has solidified its status as a reliable supplier of metallurgical coal on the world stage.
Warrior Met Coal continues to innovate and expand its operations, ensuring its mines operate at peak efficiency while adhering to stringent safety and environmental standards. The company's ongoing projects and partnerships are geared towards sustaining growth and enhancing shareholder value.
Warrior Met Coal reported Q3 2024 net income of $41.8 million ($0.80 per diluted share), down from $85.4 million ($1.64 per diluted share) in Q3 2023. The company achieved Adjusted EBITDA of $78.5 million, compared to $145.8 million in Q3 2023. Sales volume decreased 17.5% to 1.9 million short tons, while production declined 3.8%. Total revenues were $327.7 million, down from $423.5 million. The company reached a milestone by producing first development tons at its Blue Creek project, investing $93.8 million in its development during Q3, bringing total project spend to $612.4 million.
Warrior Met Coal (NYSE:HCC) has declared a regular quarterly cash dividend of $0.08 per share, payable on November 12, 2024, to stockholders of record as of November 5, 2024. The company operates as a U.S.-based supplier of metallurgical coal to the global steel industry, focusing on mining non-thermal metallurgical coal from its underground mines in Alabama. Warrior produces premium quality hard coking coal (HCC) from the Blue Creek coal seam, characterized by low sulfur content and strong coking properties, making it particularly suitable for steel manufacturers in Europe, South America, and Asia.
Warrior Met Coal (NYSE: HCC) has announced its schedule for the third quarter 2024 earnings release and investor conference call. The company will release its results after market close on Wednesday, October 30, 2024, followed by an investor conference call at 4:30 p.m. ET the same day.
To participate in the call, investors can dial 1-844-340-9047 (domestic) or 1-412-858-5206 (international) 10 minutes before the start time, referencing the Warrior Met Coal conference call. A webcast will be available through the company's Investor section website, with an archived replay accessible afterwards.
Additionally, a telephone playback will be available from 6:30 p.m. ET on October 30, 2024, until 6:30 p.m. ET on November 6, 2024. To access the replay, call 1-877-344-7529 (domestic) or 1-412-317-0088 (international) using passcode 6016502.
Warrior Met Coal (NYSE: HCC) has announced that its Chief Financial Officer Dale Boyles and Chief Commercial Officer Charles Lussier will be attending the Jefferies Industrials Conference on September 4-5, 2024, in New York City. This event provides an opportunity for the company's top executives to engage with industry peers and potential investors, potentially discussing Warrior Met Coal's financial performance, market outlook, and strategic initiatives.
Warrior Met Coal reported Q2 2024 results with net income of $70.7 million, or $1.35 per diluted share, down from $82.1 million in Q2 2023. Adjusted EBITDA was $115.9 million, compared to $130.0 million last year. The company achieved an 18% increase in sales volumes and a 13% increase in production volumes, resulting in the largest quarterly production in over three years. Warrior invested $84.1 million in the Blue Creek growth project and completed major components for seam access. The company re-affirmed its 2024 outlook with a minor change to interest expense. Despite softer global demand, Warrior's CEO Walt Scheller highlighted the company's strong performance and positioning to capitalize on potential improving global demand in the second half of the year.
Warrior Met Coal (NYSE:HCC) has received an upgrade from S&P Global Ratings, raising its Corporate Family Rating to 'BB-' from 'B+' with a Stable Outlook. S&P also elevated the issue-level rating on Warrior's senior secured notes to 'BB+'. The upgrade reflects Warrior's consecutive years of very low leverage, robust earnings, and strong credit metrics. S&P expects Warrior's free cash flow to remain positive despite increased growth capex for the Blue Creek project. Warrior's CFO, Dale W. Boyles, expressed satisfaction with the recognition of the company's strong balance sheet and financial performance. Warrior is a U.S.-based supplier of metallurgical coal to the global steel industry, operating efficient longwall mines in Alabama.
Warrior Met Coal (NYSE:HCC), a U.S.-based supplier of metallurgical coal to the global steel industry, has announced a regular quarterly cash dividend of $0.08 per share. The dividend will be paid on August 13, 2024, to stockholders of record as of the close of business on August 6, 2024. Warrior specializes in mining non-thermal metallurgical coal, which is a critical component in steel production. The company operates efficient longwall operations in underground mines in Alabama, producing premium quality hard coking coal (HCC) from the Blue Creek coal seam. This HCC is characterized by very low sulfur content and strong coking properties, making it ideal as a base feed coal for steel makers globally.
Warrior Met Coal (NYSE: HCC) has announced its schedule for the second quarter 2024 earnings release and investor conference call. The company will release its Q2 2024 results after market close on Thursday, August 1, 2024, followed by an investor conference call at 4:30 p.m. ET the same day. Interested parties can participate in the call by dialing 1-844-340-9047 (domestic) or 1-412-858-5206 (international) and referencing the Warrior Met Coal conference call.
A webcast of the conference call will be available through the Investor section of Warrior's website, with an archived replay also accessible. Additionally, a telephone playback will be available from 6:30 p.m. ET on August 1 until 6:30 p.m. ET on August 8, 2024, by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) with passcode 8283685.
Warrior Met Coal (NYSE: HCC) announced that CEO Walt Scheller and CFO Dale Boyles will attend the B. Riley Securities 24th Annual Institutional Investor Conference on May 22, 2024.
Warrior is a U.S.-based, environmentally and socially conscious supplier of premium-quality metallurgical coal, a key component in steel production. They operate efficient longwall mining operations in Alabama, producing low-sulfur hard-coking coal (HCC) from the Blue Creek coal seam. Warrior's HCC is primarily exported to steel manufacturers in Europe, South America, and Asia.
For more information, visit www.warriormetcoal.com.
Warrior Met Coal, Inc. reported net income of $137.0 million and adjusted EBITDA of $200.2 million for the first quarter of 2024. The company invested in the ongoing development of the Blue Creek growth project, achieved a 9% increase in sales volumes, and continued returning value to stockholders. Despite challenges in the market, Warrior remains optimistic and re-affirmed its outlook for 2024.
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