Warrior Met Coal reports Q2 EPS 11c, consensus (36c)

Reports Q2 revenue $297.5M, consensus $285.6M. Sales volumes in the second quarter of 2025 were 2.2 million short tons compared to 2.1 million short tons in the second quarter of 2024, representing a 6% increase, driven primarily by sales of Blue Creek steelmaking coal. The Company produced 2.3 million short tons of steelmaking coal in the second quarter of 2025, compared to 2.2 million short tons in the second quarter of 2024, representing a 6% increase, including 348 thousand short tons produced at Blue Creek. Inventory levels remained consistent at 1.2 million short tons as of June 30, 2025, compared to March 31, 2025. “Despite headwinds in the global steelmaking industry, Warrior delivered strong operational results, maintained positive cash margins, and generated positive operating cash flows,” commented Walt Scheller, CEO of Warrior. “These outcomes reflect the strength of our cost discipline, the flexibility of our variable cost structure, and the resilience of our team in managing volatile market conditions. As we navigate challenging market dynamics driven by excess Chinese steel exports, global tariff uncertainties, seasonal demand softness, and ample spot supply, we remain focused on what we can control-protecting margins, preserving cash flow, and executing on our long-term growth strategy. This quarter was bolstered by the first commercial sales of steelmaking coal from our Blue Creek mine, which occurred ahead of schedule. This major milestone marks a critical inflection point in the development of this premier asset, representing the beginning of a transition from capital investment to revenue generation. The strong market interest in Blue Creek’s high-quality steelmaking coal, combined with the mine’s inherently low-cost structure, reinforces our confidence in the long-term value of this project and its role in driving sustainable shareholder returns. Importantly, we now anticipate the longwall startup to occur ahead of schedule early in the first quarter of 2026.”