Warrior Met Coal Q3 Revenue Rises as Coal Sales Volume Climbs 48%

Warrior Met Coal posted third-quarter revenue of $507.9 million and net income of $49.3 million as sales volume rose 48% year over year, with the Alabama metallurgical coal producer crediting contributions from its Blue Creek mine.

For the three months ended Sept. 30, 2026, revenue was $507.928 million, compared with $328.589 million in the year-earlier quarter. Net income reached $49.308 million, up from $36.598 million. Diluted earnings were $0.93 per share, compared with $0.70 a year earlier.

Warrior sold 3.490 million short tons of coal, up from 2.355 million. Production reached 3.053 million short tons, a 36% year-over-year increase. The average net selling price was $143.56 per short ton, compared with $135.87. Cash cost of sales at the free-on-board port was $104.98 per short ton, up from $100.73.

“We delivered strong sales volumes in the third quarter as Blue Creek continued to expand our production base and strengthen our cash-generating capacity,” Warrior Met Coal CEO Walt Scheller said.

Adjusted EBITDA, a non-GAAP measure, rose 76% to $124.027 million. Cash from operations totaled $165.988 million. Free cash flow, also a non-GAAP measure, was $138.888 million.

Warrior reaffirmed its 2026 guidance for coal sales of 13 million to 14 million short tons and production of 12.5 million to 13.5 million short tons. Its cash cost of sales guidance is $95 to $105 per short ton. The company listed one longwall move remaining in the fourth quarter among factors affecting its outlook.

The U.S.-based company produces and exports metallurgical coal used in steelmaking, with underground mines in Alabama. Its board declared a regular dividend of $0.08 per share for Nov. 13, payable to shareholders of record Friday, Nov. 6. A special dividend of $2 per share, totaling about $106 million, is scheduled for Nov. 20 for shareholders of record Monday, Nov. 9.