Warrior Reports Third Quarter 2026 Results
Q3 net income $49.3M, Adj. EBITDA up 76% to $124.0M, sales volume up 48%, plus $2.00 special dividend (~$106M).
What this release says
Warrior Met Coal reported third quarter 2026 results with sales volumes up 48% and net income of $49.3 million, helped by the ramp-up of the Blue Creek mine and higher steelmaking coal prices. The company generated $166.0 million of operating cash flow and declared a $2.00 per-share special dividend, payable November 20, 2026, alongside the regular $0.08 quarterly dividend. For shareholders, the release shows the mine adding cash that the company is returning to stockholders, though realized prices per ton fell as a share of the gross price.
Key figures
- Operating cash flow
- $166.0 million
- Free cash flow
- $138.9 million
- Net income
- $49.3 million
- Adjusted EBITDA
- $124.0 million
- Special dividend per share
- $2.00
- Total liquidity at September 30, 2026
- $577.6 million
Positive for shareholders
- Operating cash flow and free cash flow were strong, supported by higher volumes and improved pricing.
- The Blue Creek mine began longwall operations about eight months ahead of schedule and is lifting sales and production.
- Cash of $437.1 million and total liquidity of $577.6 million strengthened the balance sheet.
- The special dividend of $2.00 per share is on top of the regular $0.08 quarterly dividend.
Negative for shareholders
- Average gross selling price realization fell to about 66% from 83% a year earlier, due to a higher mix of High-Vol A coal sold at lower price relativities.
- Cash cost of sales per short ton rose 4% to $104.98.
- Higher Pacific freight costs and vessel loading delays tied to the Middle East conflict weighed on the net selling price.
- Lower production at Mine No. 7 meant costs were spread over fewer tons.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Free cash flow:
- Cash generated from operations after subtracting the money spent on capital investments, showing cash left over for the business or shareholders.
- Adjusted EBITDA:
- A profit measure that adds back interest, taxes, depreciation and certain non-cash items to net income, which the company uses to show core operating performance.
- PLV and High-Vol A coal:
- Grades of steelmaking coal, with Premium Low-Vol being the higher-priced benchmark grade and High-Vol A a lower-priced grade that the company sells.
- Demurrage:
- Fees charged by shipping companies when a vessel is held at port longer than the agreed loading time.
FAQ
How large is Warrior's special dividend and when is it paid?
Warrior declared a special cash dividend of $2.00 per share, totaling about $106 million, to be paid November 20, 2026, to holders of record at the close of November 9, 2026.
What drove the increase in Warrior's sales and profit this quarter?
Sales volumes rose 48% to 3.5 million short tons, driven by the Blue Creek mine, and the average net selling price rose 6% on improved prices for both PLV and High-Vol A coals.
What is Warrior's cash position after the quarter?
As of September 30, 2026, Warrior had cash and cash equivalents of $437.1 million and total liquidity of $577.6 million, including $140.5 million available under its ABL Facility.
Historical context for HCC
Across the 16 sessions after earlier HCC headlines, the stock closed higher 10 times and lower 6 times, with a median move of 2.0% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | HCC | SPY |
|---|---|---|---|
| Oct 29, 2026 | Warrior Met Coal Declares Special Cash Dividend | +2.6% | -0.4% |
| Oct 28, 2026 | Warrior Announces Regular Quarterly Cash Dividend | -4.5% | +0.3% |
| Oct 15, 2026 | Warrior Sets Date for Third Quarter 2026 Earnings Announcement and Investor Conference Call | -0.6% | +0.3% |
| Aug 6, 2026 | Warrior Reports Second Quarter 2026 Results | +6.3% | -0.2% |
| Jul 29, 2026 | Warrior Announces Regular Quarterly Cash Dividend | +0.0% | -1.5% |
| Jul 16, 2026 | Warrior Sets Date for Second Quarter 2026 Earnings Announcement and Investor Conference Call | -1.7% | -0.5% |
Keep researching HCC
- HCC earnings historyPast Warrior Met Coal Inc. earnings releases, newest first.
- What is Earnings per share?A company's net income available to common shareholders divided by its weighted average shares outstanding, reported as basic and diluted figures.
- How to read an earnings reportAn earnings report is a company's quarterly results release, usually filed under 8-K Item 2.02. Learn how to read revenue, EPS, margins, guidance and the 10-Q.
- Earnings calendarWho reports this week, and the results as they come out.
- HCC financial statementsRevenue, profit, cash flow and balance sheet from Warrior Met Coal Inc.'s SEC filings.
- HCC insider tradesEvery buy and sale reported by Warrior Met Coal Inc. officers, directors and large holders.
- Market cap
- 30-day
- Sector
- Energy
- Industry
- Coal Mining
- Listed since
- 2017
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