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, Inc. (NYSE: HCC) will host its fourth quarter 2021 investor conference call on February 22, 2022, at 4:30 p.m. ET, releasing results post-market close. Participants can join via phone or webcast from the company’s investor section. Replay will be available from 6:30 p.m. ET on the same day until March 4, 2022. Warrior is a leading supplier of metallurgical coal used in steel production, known for its high-quality hard-coking coal from Alabama, closely aligned with Australian premium coal prices.
Warrior Met Coal, Inc. (NYSE: HCC) has priced a private offering of $350 million in 7.875% senior secured notes due 2028. This offering is set to close on December 6, 2021, pending customary conditions. Proceeds from the notes will be used to redeem outstanding 8.00% senior secured notes due 2024. The notes are being marketed to qualified institutional buyers and certain non-U.S. persons. The announcement includes forward-looking statements, highlighting potential risks including market demand fluctuations and operational challenges.
Warrior Met Coal, Inc. (NYSE: HCC) plans to offer $350 million in senior secured notes due 2028. The proceeds will be used to redeem all outstanding 8.00% senior secured notes due 2024. The notes will be privately offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. This transaction is subject to market conditions and other factors. Warrior Met emphasizes that this press release does not constitute a notice of redemption and contains forward-looking statements that may not be realized.
Warrior Met Coal (NYSE:HCC) reported a net income of $38.4 million for Q3 2021, marking a significant recovery from a net loss of $14.4 million in Q3 2020. Adjusted EBITDA rose to $104.9 million, up from $16.8 million year-over-year. The company produced 1.1 million short tons of metallurgical coal, a decrease from 1.9 million in the same quarter last year, attributed to ongoing labor strikes. Total revenues were $202.5 million, leveraging a 108% increase in average net selling price to $188.62 per short ton. Despite challenges, Warrior's liquidity stood robust at $355.7 million.
Warrior Met Coal, Inc. (NYSE:HCC) has declared a quarterly cash dividend of
Warrior Met Coal, Inc. acknowledges the right of its employees to strike, which began on April 1, 2021. However, the company condemns escalating criminal behaviors from United Mine Workers of America (UMWA) picketers, including vandalism and violence. The situation has become concerning, with picketers threatening employees and disrupting community safety. Warrior urges UMWA to denounce these actions to prevent serious injuries. Warrior Met Coal is a key player in supplying high-quality hard-coking coal for steel production globally, with operations primarily in Alabama.
Warrior Met Coal (NYSE: HCC) has announced its third quarter 2021 investor conference call scheduled for 4:30 p.m. ET on November 2, 2021. The company will release its earnings results after market close that day. Interested participants can join via phone or web, with telephone playback available from 6:30 p.m. ET on November 3, 2021 until 6:30 p.m. ET on November 9, 2021. Warrior Met Coal specializes in non-thermal metallurgical coal, primarily for the steel industry, and is known for its premium hard-coking coal that competes with Australian products.
Warrior Met Coal (NYSE:HCC) reported a net loss of $4.7 million for Q2 2021, an improvement from a $9.2 million loss in Q2 2020. Adjusted net income was $0.25 per diluted share compared to a loss of $0.18 a year earlier. Revenues rose to $227.4 million driven by higher coal prices and sales volumes, with average selling price at $123.36 per short ton (up 14%). The ongoing UMWA strike has impacted production but the company maintains strong cash flow, generating $68.7 million in operating cash flow. Total liquidity stands at $287.9 million.
Warrior Met Coal has declared a quarterly cash dividend of $0.05 per share. This will be paid on August 16, 2021, to stockholders of record by the close of business on August 9, 2021. Warrior is a key player in the metallurgical coal sector, focusing on producing premium hard coking coal (HCC) for steel production globally. The company operates low-cost mines in Alabama, specializing in high-quality, environmentally responsible coal, making it a vital supplier in Europe, South America, and Asia.
Warrior Met Coal (NYSE: HCC) has scheduled its second quarter 2021 investor conference call for August 4, 2021, at 4:30 p.m. ET. The financial results will be released after market close the same day. Interested parties can join the call by dialing 1-844-340-9047 (domestic) or 1-412-858-5206 (international) and referencing the conference. The call will also be accessible via webcast on the Company’s investor website, with an archived replay available afterwards. Warrior specializes in high-quality metallurgical coal for steel production globally.
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