EarningsQ2 2026 Earnings Report
MX:HCC Q2 2026 EPS Results
Actual EPS$28.65
Consensus EPS$23.99
Beat/MissBeat by +$4.66
One Year Ago EPS$1.89
MX:HCC Q2 2026 Revenue Results
Actual Revenue$8.74B
Expected Revenue$8.37B
Beat/MissBeat by +$364.03M
YoY Revenue Growth+70.56%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:HCC Upcoming Earnings
Warrior Met Coal's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:HCC Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a strong operational and financial inflection driven by Blue Creek: record volumes, large adjusted EBITDA and net income growth, and substantial free cash flow generation. These positives were offset by meaningful near-term pricing and logistics headwinds — lower gross price realization, elevated freight/demurrage, and regional pricing disparities (notably weakened East Coast relativities) — as well as modest inflation risks and higher non-cash D&D. Management raised guidance and emphasized balance sheet strength, liquidity, and shareholder-return optionality, while cautioning that second-half performance could face pressure from index relativities and costs.Company Guidance
Record Sales and Production Volumes
Q2 sales volume of 3.7 million short tons, up 65% YoY (from 2.2 million). Q2 production of 3.3 million short tons, up 45% YoY (from 2.3 million).
Strong Free Cash Flow and Operating Cash
Generated more than $103 million of free cash flow in Q2; cash provided by operations $132 million; free cash flow for H1 2026 positive $11 million.
Material Net Income and EPS Improvement
Net income of $87 million in Q2 vs $6 million in Q2 2025; diluted EPS $1.65 vs $0.11 YoY.
Large Adjusted EBITDA Expansion
Adjusted EBITDA of $157 million vs $54 million YoY (+193%). Adjusted EBITDA margin improved to 31% from 18% YoY. Adjusted EBITDA per ton $43 vs $24 (+78%).
Revenue Growth
Total revenues $510 million in Q2 vs $298 million YoY, an increase of $212 million driven primarily by higher sales volumes (+$186M) and higher gross selling prices (+$73M).
Lower Unit Cash Cost and Improved Cash Margin
Cash cost of sales per short ton, FOB port, decreased to ~$93 from $101 YoY (≈9% decline). Cash margin per short ton increased to $45 from $29 (≈57% increase).
Blue Creek Delivery and Upside
Blue Creek materially contributed to volume and lower costs; development CapEx complete. Full-year Blue Creek sales guidance raised to 5.0 million short tons (90% contracted) and company increased full-year sales/production guidance by 0.5 million tons.
Solid Liquidity Position
Total available liquidity of $453 million at quarter end: $302 million cash, $10 million short-term investments, $141 million available under ABL facility.
MX: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