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 (NYSE: HCC) reported a net loss of $21.4 million, or $0.42 per diluted share, in Q1 2021 compared to a profit of $21.5 million in Q1 2020. Adjusted net income per share fell to $0.08 from $0.39 year-over-year. Revenue dropped to $213.8 million, with met coal prices declining 13% to an average of $106.04 per ton. Despite challenges from COVID-19 and a strike initiated by the United Mine Workers of America, the company generated positive cash flow of $45.2 million, while total liquidity reached $272 million. Full-year guidance is suspended due to uncertainties.
Warrior Met Coal, Inc. (NYSE:HCC) has declared a quarterly cash dividend of $0.05 per share, scheduled for payment on May 12, 2021, to stockholders recorded as of May 7, 2021. The company specializes in mining non-thermal metallurgical coal, essential for steel production, and operates efficient longwall operations in Alabama. Warrior's high-quality hard coking coal is comparable to Australian premium coal, ensuring strong demand and price realizations near the Platts Premium LV FOB Index price.
Warrior Met Coal (NYSE: HCC) announced its first quarter 2021 investor conference call scheduled for May 5, 2021, at 4:30 p.m. ET. Results will be released after market close on the same day. Participants can join via telephone or through a webcast available on the company’s investor website. The conference call aims to update investors on financial performance, operational insights, and market conditions relevant to the non-thermal metallurgical coal industry. Warrior Met Coal is noted for its premium hard-coking coal, which is critical for steel production globally.
Warrior Met Coal emphasizes the importance of its employees as negotiations with the United Mine Workers of America (UMWA) approach a critical deadline of April 1, 2021. The company aims to provide competitive packages while ensuring financial stability amid market volatility. Despite challenges due to a declining coal market and the pandemic, Warrior Met Coal has safeguarded the jobs of its 1,400 employees. The firm remains committed to reaching a resolution with the UMWA and has implemented continuity plans to meet key customer demands, recognizing its significant role in Alabama's economy.
Warrior Met Coal (NYSE:HCC) reported a net loss of $33.7 million in Q4 2020, compared to a profit of $20.8 million in Q4 2019. Adjusted EBITDA fell to $9.2 million, significantly down from $45.0 million a year earlier. For the full year 2020, net loss totaled $35.8 million versus net income of $301.7 million in 2019. While coal production held steady at 1.8 million short tons in Q4, total annual production decreased by 7.2%. Despite the losses, the company generated positive cash flow from operations of $30.5 million in Q4 2020, emphasizing ongoing cost management amidst challenging market conditions.
Warrior Met Coal (NYSE:HCC) declared a quarterly cash dividend of $0.05 per share, payable on March 8, 2021, to stockholders of record by the close of business on March 1, 2021. The company specializes in high-quality non-thermal metallurgical coal, primarily for the global steel industry, boasting efficient longwall operations in Alabama. Warrior's premium hard coking coal (HCC) is known for its low sulfur content and strong coking properties, achieving price realizations close to the Platts Premium LV FOB Index price.
Warrior Met Coal (HCC) will host its Q4 2020 investor conference call on February 24, 2021, at 4:30 p.m. ET, releasing results post-market close. Investors can join by calling 1-844-340-9047 (domestic) or 1-412-858-5206 (international). A webcast will be accessible through Warrior's investor site, with an archived replay available after the call. Warrior is a major supplier of metallurgical coal to the steel industry, recognized for its premium hard-coking coal, which is highly valued in the global market.
Warrior Met Coal reported a third quarter 2020 net loss of $14.4 million, or $0.28 per diluted share, down from a net income of $45.0 million, or $0.87 per diluted share in Q3 2019. Adjusted EBITDA plummeted to $16.1 million from $82.7 million year-over-year, due to COVID-19's adverse impact on the met coal market.
Revenues totaled $180.1 million, with met coal sales at $90.65 per short ton, a 36% decrease from the previous year. Despite challenges, Warrior remained cash flow positive, generating $29.2 million from operations.
Warrior Met Coal, Inc. (NYSE:HCC) declared a quarterly cash dividend of $0.05 per share, scheduled for payment on November 9, 2020. Shareholders must be on record by the close of business on November 2, 2020. The company is a leading supplier of metallurgical coal for the global steel industry, known for its low-sulfur, high-quality coal produced in Alabama. Warrior's coal is comparable to premium Australian coal, resulting in favorable pricing aligned with the Platts Premium LV FOB Index.
Warrior Met Coal, Inc. (NYSE: HCC) announced its third-quarter 2020 investor conference call scheduled for 4:30 p.m. ET on October 28, 2020. Results will be released after market close on the same day. Investors can join the call by dialing 1-844-340-9047 (domestic) or 1-412-858-5206 (international). A webcast will also be available on the company's investor website, with an archived replay accessible later. Warrior specializes in mining non-thermal metallurgical coal, primarily used for steel production, emphasizing environmentally responsible practices.
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