Open the filing on EDGARWarrior Reports Third Quarter 2026 Results
Generates $166.0 million of operating cash flows leading to recently announced $2.00 per-share special dividend
Sales and production volumes increase 48% and 36% year-over-year, respectively
Net income rises to $49.3 million and Adjusted EBITDA increases 76% to $124.0 million
BROOKWOOD, AL - November 4, 2026 - Warrior Met Coal, Inc. (NYSE: HCC) (“Warrior” or the “Company”) today announced results for the third quarter of 2026. Warrior is the leading dedicated U.S.-based producer and exporter of high-quality steelmaking coal for the global steel industry.
“We delivered strong sales volumes in the third quarter as Blue Creek continued to expand our production base and strengthen our cash-generating capacity,” commented Walt Scheller, CEO of Warrior. “Higher volumes and improved pricing generated significant free cash flow and further strengthened our balance sheet, in line with our priorities for the next phase of our growth strategy.
“Approximately one year after commencing longwall operations at Blue Creek, eight months ahead of schedule, and only two quarters after completing construction ahead of schedule, we are already seeing the benefits of this transformational investment in our cash generation and our ability to return excess cash to stockholders. The special dividend announced this quarter represents an important milestone for Warrior and demonstrates how quickly Blue Creek is beginning to translate into value for our stockholders," Mr. Scheller concluded.
Highlights
Generated cash flows from operations of $166.0 million and free cash flow of $138.9 million in the third quarter of 2026.
Increased sales volumes 48% to 3.5 million short tons and increased production volumes 36% to 3.1 million short tons driven by contributions from the Blue Creek mine.
Delivered strong net income of $49.3 million and Adjusted EBITDA increased to $124.0 million, up 76%, reflecting the continued ramp-up in the profitability contribution from the Blue Creek mine and improved steelmaking coal prices.
Declared a special dividend of $2.00 per share in addition to the regular quarterly dividend of $0.08 per share.
Financial and Operating Results
Total revenues were $507.9 million for the third quarter of 2026, reflecting a 48% increase in sales volumes and a 6% increase in the average net selling price. The increase in the average net selling price reflects improved steelmaking coal prices for both Premium Low-Vol (“PLV”) and High-Vol A coals, but was partially offset by higher Pacific freight costs and associated demurrage rate increases resulting from the ongoing conflict in the Middle East, as well as vessel loading delays at the port. Warrior’s average gross selling price realization declined to approximately 66% in the third quarter of 2026 compared to 83% in the third quarter of 2025, driven primarily by a 25% higher sales mix of High-Vol A steelmaking coal predominantly sold into the Pacific Basin at higher freight rates and at lower second tier price relativities to the Platts PLV FOB Australian index.
Cost of sales for the third quarter of 2026 was $368.5 million. Cash cost of sales (free-on-board port) per short ton increased 4% to $104.98, primarily reflecting the impact of higher year-over-year steelmaking coal prices on Warrior’s variable cost structure (including transportation and royalties), lower production volumes at Mine No. 7, which resulted in production costs being absorbed over fewer tons, and inflationary cost increases. These increases were partially offset by the lower-cost contribution from the Blue Creek mine and the benefit of the Section 45X Advanced Manufacturing Production Tax Credit.
Cash Flow and Liquidity
Higher earnings and improved operating performance generated cash flows from operations of $166.0 million and free cash flow of $138.9 million in the third quarter of 2026. Net working capital, excluding cash, for the third quarter decreased $33.7 million from the second quarter of 2026, primarily due to lower inventories reflecting Warrior’s proactive decision to monetize surplus amounts of High-Vol A coal inventories.
The Company’s total liquidity as of September 30, 2026 was $577.6 million, consisting of cash and cash equivalents of $437.1 million, and available liquidity under its ABL Facility of $140.5 million (which is net of outstanding letters of credit of $2.5 million).
Capital Allocation
On October 27, 2026, the Board declared a regular quarterly cash dividend of $0.08 per share, which the Company plans to distribute on November 13, 2026, to stockholders of record as of the close of business on November 6, 2026.
In addition, on October 27, 2026, the Board declared a special cash dividend of $2.00 per share, totaling approximately $106 million, which the Company plans to distribute on November 20, 2026, to stockholders of record as of the close of business on November 9, 2026.
Any future special dividends from excess cash flows will be at the discretion of the Board and subject to consideration of several factors, including business and market conditions, future financial performance and other strategic investment opportunities.
Company Outlook
The Company reaffirmed its guidance for the full year 2026, as updated last quarter. This guidance is subject to many risks that may impact performance, such as global trade and tariff uncertainties, market conditions in the steel and steelmaking coal industries and overall global economic and competitive conditions, all as more fully described under Forward-Looking Statements.
| Coal sales | 13.0 - 14.0 million short tons |
| Coal production | 12.5 - 13.5 million short tons |
| Cash cost of sales (free-on-board port) | $95 - $105 per short ton |
| Capital expenditures for sustaining existing mines | $105 - $115 million |
| Capital expenditures for Blue Creek project | $50 - $75 million |
| Depreciation and depletion | $225 - $250 million |
| Selling, general and administrative expenses | $75 - $85 million |
| Interest expense | $20 - $25 million |
| Interest income | $3 - $8 million |
Key factors that may affect the full year 2026 outlook include:
one longwall move remaining in Q4;
HCC index pricing, geography of sales and freight rates;
global trade and tariff policies;
exclusion of other non-recurring costs;
new labor contract; and inflationary pressures.
The Company does not provide reconciliations of its outlook for cash cost of sales (free-on-board port) to cost of sales in reliance on the unreasonable efforts exception provided for under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable, without unreasonable efforts, to forecast certain items required to develop the meaningful comparable Generally Accepted Accounting Principles ("GAAP") measure, cost of sales. These items typically include non-cash asset retirement obligation accretion expenses and other non-recurring indirect mining expenses that are difficult to predict in advance in order to include in a GAAP estimate. The unavailable information could have a significant impact on the Company's reported financial results.
Use of Non-GAAP Financial Measures
This release contains the use of certain non-GAAP financial measures. These non-GAAP financial measures are provided as supplemental information for financial measures prepared in accordance with GAAP. Management believes that these non-GAAP financial measures provide additional insights into the performance of the Company, and they reflect how management analyzes Company performance and compares that performance against other companies. These non-GAAP financial measures may not be comparable to other similarly titled measures used by other entities. The definition of these non-GAAP financial measures and a reconciliation of non-GAAP to GAAP financial measures is provided in the financial tables section of this release.
Conference Call
The Company will hold a conference call to discuss its third quarter 2026 results today, November 4, 2026, at 4:30 p.m. ET. To listen to the event live or access an archived recording, please visit http://investors.warriormetcoal.com. Analysts and investors who would like to participate in the conference call should dial 1-844-340-9047 (domestic) or 1-412-858-5206 (international) 10 minutes prior to the start time and reference the Warrior Met Coal conference call. Telephone playback will also be available from 6:30 p.m. ET on November 4, 2026, until 6:30 p.m. ET on November 11, 2026. The replay will be available by calling: 1-855-669-9658 (domestic) or 1-412-317-0088 (international) and entering passcode 7942308.
About Warrior
Warrior is a U.S.-based, environmentally and socially minded supplier to the global steel industry. It is dedicated entirely to mining non-thermal metallurgical (met) steelmaking coal used as a critical component of steel production by metal manufacturers in Europe, South America and Asia. Warrior is a large-scale, low-cost producer and exporter of premium quality met coal, also known as hard-coking coal (HCC), operating highly efficient longwall operations in its underground mines based in Alabama. The HCC that Warrior produces from the Blue Creek coal seam contains very low sulfur and has strong coking properties. The premium nature of Warrior’s HCC makes it ideally suited as a base feed coal for steel makers. For more information, please visit www.warriormetcoal.com.
Forward-Looking Statements
Forward-looking statements notice
This press release contains, and the Company’s officers and representatives may from time to time make forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements, including statements regarding 2026 guidance, sales and production growth, demand, pricing trends, inflationary pressures, management of liquidity, cash flows and expenses, the Company's future ability to create value for stockholders, the Company's management of its capital structure, the impact of Blue Creek on the Company's results, and the Company's pursuit of strategic investment opportunities. The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “project,” “target,” “foresee,” “should,” “would,” “could,” “potential,” “outlook,” “guidance” or other similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements represent management’s good faith expectations, projections, guidance, or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements, including, without limitation, fluctuations or changes in the pricing or demand for the Company’s coal (or met coal generally) by the global steel industry, including the risk of a decline in the index price for premium low-vol steelmaking coal; the impacts of U.S. and international trade policies and tariffs; the impact of global pandemics, including the impact of any such pandemic on its business and that of its customers, including the risk of a decline in demand for the Company's met coal due to the impact of any such pandemic on steel manufacturers; the impact of inflation on the Company, the impact of geopolitical events, including the effects of the Russia-Ukraine war and the ongoing conflicts in the Middle East; the inability of the Company to effectively operate its mines and the resulting decrease in production; the inability of the Company to transport its products to customers due to rail performance issues or the impact of weather and mechanical failures at the McDuffie Terminal at the Port of Mobile; federal and state tax legislation; changes in interpretation or assumptions and/or updated regulatory guidance regarding the Tax Cuts and Jobs Act of 2017 and the One Big Beautiful Bill Act of 2025; legislation and regulations relating to the Clean Air Act and other environmental initiatives; regulatory requirements associated with federal, state and local regulatory agencies, and such agencies’ authority to order temporary or permanent closure of the Company’s mines; operational, logistical, geological, permit, license, labor and weather-related factors, including equipment, permitting, site access, operational risks and new technologies related to mining and labor strikes or slowdowns; the Company’s obligations surrounding reclamation and mine closure; inaccuracies in the Company’s estimates of its met coal reserves; any projections or estimates regarding Blue Creek, including the expected returns from this project, if any, and the ability of Blue Creek to enhance the Company's portfolio of assets; the Company's expectations regarding its future tax rate as well as its ability to effectively utilize its net operating losses to reduce or eliminate its cash taxes; the performance of the Blue Creek longwall; the Company’s ability to develop or acquire met coal reserves in an economically feasible manner; including the expansion of the Company's met coal reserves through federal lease acquisition; significant cost increases and fluctuations, and delay in the delivery of raw materials, mining equipment and purchased components; competition and foreign currency fluctuations; fluctuations in the amount of cash the Company generates from operations, including cash necessary to pay any special or quarterly dividend; the Company’s ability to comply with covenants in its ABL Facility or indenture relating to its senior secured notes; integration of businesses that the Company may acquire in the future; adequate liquidity and the cost, availability and access to capital and financial markets; failure to obtain or renew surety bonds on acceptable terms, which could affect the Company’s ability to secure reclamation and coal lease obligations; costs associated with litigation, including claims not yet asserted; and other factors described in the Company’s Form 10-K for the year ended December 31, 2025 and other reports filed from time to time with the Securities and Exchange Commission (the “SEC”), which could cause the Company’s actual results to differ materially from those contained in any forward-looking statement. The Company’s filings with the SEC are available on its website at www.warriormetcoal.com and on the SEC's website at www.sec.gov.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors.
CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except per-share amounts)
(Unaudited)
| For the three months ended September 30, | For the nine months ended September 30, |
|---|
| 2026 | 2025 | 2026 | 2025 |
|---|
| Revenues: | | | | |
| Sales | $501,029 | $319,969 | $1,453,092 | $903,393 |
| Other revenues | 6,899 | 8,620 | 23,114 | 22,662 |
| Total revenues | 507,928 | 328,589 | 1,476,206 | 926,055 |
| Costs and expenses: | | | | |
| Cost of sales (exclusive of items shown separately below) | 368,514 | 239,525 | 998,978 | 711,672 |
| Cost of other revenues (exclusive of items shown separately below) | 6,801 | 7,546 | 22,164 | 23,629 |
| Depreciation and depletion | 68,106 | 43,594 | 178,672 | 132,126 |
| Selling, general and administrative | 13,713 | 17,200 | 51,709 | 47,566 |
| Total costs and expenses | 457,134 | 307,865 | 1,251,523 | 914,993 |
| Operating income | 50,794 | 20,724 | 224,683 | 11,062 |
| Interest expense | (4,459) | (2,307) | (13,156) | (7,304) |
| Interest income | 2,540 | 4,435 | 7,272 | 14,812 |
| Income before income tax (benefit) expense | 48,875 | 22,852 | 218,799 | 18,570 |
| Income tax (benefit) expense | (433) | (13,746) | 9,721 | (15,466) |
| Net income | $49,308 | $36,598 | $209,078 | $34,036 |
| Basic and diluted net income per share: | | | | |
| Net income per share - basic | $0.93 | $0.70 | $3.96 | $0.65 |
| Net income per share - diluted | $0.93 | $0.70 | $3.96 | $0.65 |
| Weighted average number of shares outstanding - basic | 52,835 | 52,594 | 52,797 | 52,549 |
| Weighted average number of shares outstanding - diluted | 52,883 | 52,650 | 52,837 | 52,578 |
| Dividends per share: | $0.08 | $0.08 | $0.24 | $0.24 |
QUARTERLY SUPPLEMENTAL FINANCIAL DATA AND RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Unaudited)
QUARTERLY SUPPLEMENTAL FINANCIAL DATA:
| (short tons in thousands) | For the three months ended September 30, | For the nine months ended September 30, |
| 2026 | 2025 | 2026 | 2025 |
| Tons sold | 3,490 | 2,355 | 10,146 | 6,746 |
| Tons produced | 3,053 | 2,249 | 9,898 | 6,811 |
| Average net selling price | $143.56 | $135.87 | $143.22 | $133.92 |
| Cash cost of sales (free-on-board port) per short ton | $104.98 | $100.73 | $97.89 | $104.62 |
| Cost of production % | 63% | 67% | 61% | 67% |
| Transportation and royalties % | 37% | 33% | 39% | 33% |
| Cash margin per ton | $38.58 | $35.14 | $45.33 | $29.30 |
1 short ton is equivalent to 0.907185 metric tons.
RECONCILIATION OF CASH COST OF SALES (FREE-ON-BOARD PORT) TO COST OF SALES REPORTED UNDER U.S. GAAP:
| (in thousands) | For the three months ended September 30, | For the nine months ended September 30, |
| 2026 | 2025 | 2026 | 2025 |
| Cost of sales | $368,514 | $239,525 | $998,978 | $711,672 |
| Asset retirement obligation accretion | (807) | (965) | (2,419) | (2,896) |
| Stock compensation expense | (1,310) | (1,344) | (3,360) | (3,028) |
| Cash cost of sales (free-on-board port) | $366,397 | $237,216 | $993,199 | $705,748 |
Cash cost of sales (free-on-board port) is based on reported cost of sales and includes items such as freight, royalties, labor, fuel and other similar production and sales cost items, and may be adjusted for other items that, pursuant to GAAP, are classified in the Condensed Statements of Operations as costs other than cost of sales but relate directly to the costs incurred to produce met coal. Our cash cost of sales per short ton is calculated as cash cost of sales divided by the short tons sold. Cash cost of sales (free-on-board port) is a non-GAAP financial measure which is not calculated in conformity with U.S. GAAP and should be considered supplemental to, and not as a substitute or superior to financial measures calculated in conformity with GAAP. We believe cash cost of sales (free-on-board port) is a useful measure of performance and we believe it aids some investors and analysts in comparing us against other companies to help analyze our current and future potential performance. Cash cost of sales (free-on-board port) may not be comparable to similarly titled measures used by other companies.
Cash margin per ton is defined as average net selling price less cash cost of sales (free-on-board port) per short ton.
QUARTERLY SUPPLEMENTAL FINANCIAL DATA AND RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (CONTINUED)
(Unaudited)
RECONCILIATION OF ADJUSTED EBITDA TO AMOUNTS REPORTED UNDER U.S. GAAP:
| (in thousands) | For the three months ended September 30, | For the nine months ended September 30, |
| 2026 | 2025 | 2026 | 2025 |
| Net income | $49,308 | $36,598 | $209,078 | $34,036 |
| Interest expense (income), net | 1,919 | (2,128) | 5,884 | (7,508) |
| Income tax (benefit) expense | (433) | (13,746) | 9,721 | (15,466) |
| Depreciation and depletion | 68,106 | 43,594 | 178,672 | 132,126 |
| Asset retirement obligation accretion | 1,112 | 1,331 | 3,337 | 3,993 |
| Stock compensation expense | 3,400 | 5,211 | 15,977 | 15,309 |
| Other non-cash actuarial accretion | 615 | 491 | 1,616 | 1,502 |
| Non-cash mark-to-market gain on gas hedges | - | (710) | - | (295) |
| Adjusted EBITDA | $124,027 | $70,641 | $424,285 | $163,697 |
| Adjusted EBITDA margin | 24.4% | 21.5% | 28.7% | 17.7% |
| Adjusted EBITDA per short ton | $35.54 | $30.00 | $41.82 | $24.27 |
Adjusted EBITDA is defined as net income before net interest expense (income), net, income tax (benefit) expense, depreciation and depletion, non-cash asset retirement obligation accretion, non-cash stock compensation expense, other non-cash accretion, and non-cash mark-to-market gain on gas hedges. Adjusted EBITDA is not a measure of financial performance in accordance with GAAP, and we believe items excluded from Adjusted EBITDA are significant to a reader in understanding and assessing our financial condition. Therefore, Adjusted EBITDA should not be considered in isolation, nor as an alternative to net income (loss), income from operations, cash flows from operations or as a measure of our profitability, liquidity or performance under GAAP. We believe that Adjusted EBITDA presents a useful measure of our ability to incur and service debt based on ongoing operations. Furthermore, industry analysts use analogous measures to evaluate our operating performance. Investors should be aware that our presentation of Adjusted EBITDA may not be comparable to similarly titled measures used by other companies.
Adjusted EBITDA margin is defined as Adjusted EBITDA divided by total revenues.
Adjusted EBITDA per ton is defined as Adjusted EBITDA divided by short tons sold.
RECONCILIATION OF FREE CASH FLOW TO AMOUNTS REPORTED UNDER U.S. GAAP:
| (in thousands) | For the three months ended September 30, | For the nine months ended September 30, |
| 2026 | 2025 | 2026 | 2025 |
| Net cash provided by operating activities | $165,988 | $104,694 | $286,539 | $153,157 |
| Purchases of property, plant and equipment and mine development costs | (27,100) | (124,232) | (136,152) | (297,830) |
| Free cash flow | $138,888 | $(19,538) | $150,387 | $(144,673) |
| Free cash flow conversion | 112.0% | (27.7)% | 35.4% | (88.4)% |
Free cash flow is defined as net cash provided by operating activities less purchases of property, plant and equipment and mine development costs. Free cash flow is not a measure of financial performance in accordance with GAAP, and we believe items excluded from net cash provided by operating activities are significant to the reader in understanding and assessing our results of operations. Therefore, free cash flow should not be considered in isolation, nor as an alternative to net cash provided by operating activities under GAAP. We believe free cash flow is a useful measure of performance and we believe it aids some investors and analysts in comparing us against other companies to help analyze our current and future potential performance. Free cash flow may not be comparable to similarly titled measures used by other companies.
Free cash flow conversion is defined as free cash flow divided by Adjusted EBITDA.
CONDENSED STATEMENTS OF CASH FLOWS
(in thousands)
(Unaudited)
| For the three months ended September 30, | For the nine months ended September 30, |
|---|
| 2026 | 2025 | 2026 | 2025 |
|---|
| OPERATING ACTIVITIES: | | | | |
| Net income | $49,308 | $36,598 | $209,078 | $34,036 |
| Non-cash adjustments to reconcile net income to net cash provided by operating activities | 85,341 | 38,881 | 205,034 | 138,057 |
| Changes in operating assets and liabilities: | | | | |
| Trade accounts receivable | 17,209 | 25,480 | (64,615) | (1,118) |
| Income tax receivable | - | (3,066) | - | (3,066) |
| Inventories, net | 41,276 | (1,177) | 10,611 | (8,708) |
| Prepaid expenses and other receivables | (30,295) | (6,210) | (42,051) | (13,514) |
| Accounts payable | (6,115) | (6,456) | 2,475 | 13,179 |
| Accrued expenses and other current liabilities | 11,588 | 22,167 | (32,267) | (1,383) |
| Other | (2,324) | (1,523) | (1,726) | (4,326) |
| Net cash provided by operating activities | 165,988 | 104,694 | 286,539 | 153,157 |
| INVESTING ACTIVITIES: | | | | |
| Purchase of property, plant, and equipment | (27,100) | (82,578) | (136,152) | (226,054) |
| Deferred mine development costs | - | (41,654) | - | (71,776) |
| Acquisition of lease mineral rights | - | (9,363) | | (9,363) |
| Proceeds from sale of investments | 10,060 | (234) | 43,339 | 1,267 |
| Proceeds from sale of property, plant and equipment | - | - | 45 | - |
| Net cash used in investing activities | (17,040) | (133,829) | (92,768) | (305,926) |
| FINANCING ACTIVITIES: | | | | |
| Dividends paid | (4,224) | (4,208) | (13,187) | (13,618) |
| Principal repayments of finance lease obligations | (9,929) | (13,548) | (28,505) | (28,035) |
| Proceeds from financing lease obligations | - | - | - | 48,771 |
| Payments for taxes related to net share settlement of equity awards | - | - | (14,771) | (9,384) |
| Net cash used in financing activities | (14,153) | (17,756) | (56,463) | (2,266) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 134,795 | (46,891) | 137,308 | (155,035) |
| Cash, cash equivalents and restricted cash at beginning of period | 310,362 | 390,988 | 307,849 | 499,132 |
| Cash, cash equivalents and restricted cash at end of period | $445,157 | $344,097 | $445,157 | $344,097 |
CONDENSED BALANCE SHEETS
(in thousands, except share and per-share data)
| September 30, 2026 | December 31, 2025 |
|---|
| (Unaudited) | |
|---|
| ASSETS | | |
| Cash and cash equivalents | $437,074 | $299,963 |
| Short-term investments | 10,182 | 53,252 |
| Trade accounts receivable | 246,206 | 181,591 |
| Inventories, net | 214,582 | 235,936 |
| Income tax receivable | 26,229 | - |
| Prepaid expenses and other receivables | 66,127 | 49,513 |
| Total current assets | 1,000,400 | 820,255 |
| Restricted cash | 8,083 | 7,886 |
| Mineral interests, net | 101,258 | 107,258 |
| Property, plant and equipment, net | 1,821,743 | 1,817,364 |
| Deferred income taxes | 2,883 | 2,947 |
| Other long-term assets | 27,319 | 28,089 |
| Total assets | $2,961,686 | $2,783,799 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | | |
| Accounts payable | $72,216 | $66,077 |
| Accrued expenses | 106,522 | 131,881 |
| Asset retirement obligations | 5,473 | 5,473 |
| Short-term financing lease liabilities | 31,266 | 29,669 |
| Federal coal lease obligations | 9,231 | 8,844 |
| Other current liabilities | 13,308 | 15,077 |
| Total current liabilities | 238,016 | 257,021 |
| Long-term debt | 154,767 | 154,252 |
| Asset retirement obligations | 64,506 | 64,755 |
| Black lung obligations | 34,609 | 34,036 |
| Long-term financing lease liabilities | 46,336 | 54,492 |
| Deferred income taxes | 60,030 | 54,179 |
| Federal coal lease obligations | 24,752 | 23,679 |
| Total liabilities | 623,016 | 642,414 |
| Stockholders’ Equity: | | |
| Common stock, $0.01 par value per share (140,000,000 shares authorized as of September 30, 2026, and December 31, 2025; 55,023,928 issued and 52,802,087 outstanding as of September 30, 2026; 54,791,997 issued and 52,570,156 outstanding as of December 31, 2025) | 550 | 548 |
| Preferred stock, $0.01 par value per share (10,000,000 shares authorized; no shares issued and outstanding) | - | - |
| Treasury stock, at cost (2,221,841 shares as of September 30, 2026, and December 31, 2025) | (50,576) | (50,576) |
| Additional paid in capital | 301,913 | 300,710 |
| Retained earnings | 2,086,783 | 1,890,703 |
| Total stockholders’ equity | 2,338,670 | 2,141,385 |
| Total liabilities and stockholders’ equity | $2,961,686 | $2,783,799 |
Contacts
Dale W. Boyles, 205-554-6129 dale.boyles@warriormetcoal.com
D'Andre Wright, 205-554-6131 dandre.wright@warriormetcoal.com