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Warrior Met Coal (HCC)
NYSE:HCC
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.84Last Year’s EPS
-0.16Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights a transformational operational year driven by the early, on-budget start-up of Blue Creek that produced substantial volume growth, materially lower cash costs, record sales and production, strong adjusted EBITDA expansion, and solid liquidity. These operational and financial improvements position the company for significantly higher 2026 volumes and long-term margin expansion. Offsetting these positives are persistent weak global steelmaking coal fundamentals, lower net selling prices and volatile gross realizations (impacted by product mix, elevated freight and demurrage), a near-term working capital build and expected negative free cash flow in H1 2026, and elevated inventories that management plans to reduce. Overall, the balance of record operational execution, cost improvement, and strong capital discipline outweighs the market-related headwinds and short-term cash flow pressure.Company Guidance
Blue Creek Early Startup and On-Budget Delivery
Blue Creek longwall began production in Q4 2025 eight months ahead of schedule, on budget, and funded entirely by operating cash flow; Q4 Blue Creek production was 1,300,000 short tons with an achieved quarterly run rate of ~1,500,000 short tons.
Record Annual and Quarterly Volumes
Total sales volume for 2025 was a record 9,600,000 short tons (+21% vs 2024) and production was 10,200,000 short tons (+24% vs 2024). Q4 2025 sales were a record 2,900,000 short tons (+53% vs Q4 2024) and Q4 production was 3,400,000 short tons (+61% vs Q4 2024).
Significant Adjusted EBITDA and Net Income Improvement
Adjusted EBITDA in Q4 2025 was $93,000,000, a 75% increase vs Q4 2024 ($53,000,000). Net income in Q4 2025 was $23,000,000 ($0.44 per diluted share) vs $1,000,000 ($0.02) in Q4 2024. Adjusted EBITDA margin expanded to 24% from 18% year-over-year.
Lower Cash Costs and Improved Per-Ton Margins
Cash cost of sales per short ton (FOB port) was approximately $94 in Q4 2025, down 22% from $120 in Q4 2024. Cash cost of sales represented 72% of mining revenues in Q4 2025 vs 77% in Q4 2024. Adjusted EBITDA per ton rose to $32/short ton from $28/short ton year-over-year.
Strong Capital Execution and Project Spend Discipline
Warrior spent $69,000,000 on Blue Creek in Q4 and $240,000,000 for full year 2025; total Blue Creek project spend-to-date was $957,000,000, on budget and funded from cash flow. Total project estimate unchanged at $995,000,000 to $1,075,000,000 with remaining 2026 spend expected at $50,000,000 to $75,000,000.
Improved Liquidity Position
Total available liquidity at Q4 2025 end was $484,000,000: cash and cash equivalents $300,000,000, short-term investments $43,000,000, and $141,000,000 available under ABL facility.
Contracted Volumes and 2026 Volume Guidance
Approximately 90% of 2026 midpoint sales volume is contracted (including ~85% of Blue Creek volume). Company expects 2026 sales volumes to be more than 30% higher than 2025 and production volumes to be more than 20% higher, driven by Blue Creek contribution.
Reserve Expansion
Company finalized two federal coal leases adding approximately 53,000,000 short tons of reserves, expanding its reserve base and access to privately owned reserves.
HCC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $86.01 | $86.20 | +0.22% |
Nov 05, 2025 | $65.93 | $81.14 | +23.07% |
Aug 06, 2025 | $54.67 | $59.48 | +8.81% |
Apr 30, 2025 | $47.58 | $45.19 | -5.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Warrior Met Coal (HCC) report earnings?
Warrior Met Coal (HCC) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Warrior Met Coal (HCC) earnings time?
Warrior Met Coal (HCC) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HCC EPS forecast?
HCC EPS forecast for the fiscal quarter 2026 (Q1) is 1.84.