Warrior Met Coal reports Q2 adjusted EBITDA $130M vs. $431.2M last year

Reports Q2 revenue $379.7M, consensus $407.5M. The company states: “Warrior’s quarterly sales volumes rose 15% to 1.8 million short tons and the Company ramped up production to 1.9 million short tons, the largest level of activity since the first quarter of 2021 and a strong marker of its business momentum. While Warrior experienced strong volumes, the quarter was impacted by softening steelmaking coal prices as Warrior’s average net realized price decreased from an unprecedented $403.95 per short ton in the record second quarter of 2022 to $208.56 per short ton.”