Warrior Met Coal
Mines and exports premium Alabama steelmaking coal through three underground longwall operations.
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Profile
Mines premium non-thermal steelmaking coal at three Alabama longwall operations and exports it to blast-furnace customers across Asia, Europe, and South America. Coal sales drive revenue, with ancillary natural gas and royalty income; operations remain concentrated in Alabama and tied to seaborne pricing and global steel demand.
Mines non-thermal steelmaking coal from the Mine No. 4, Mine No. 7, and Blue Creek underground operations in Alabama. Mine No. 7 produces premium low-vol hard coking coal; Mine No. 4 and Blue Creek supply High Vol A coal, while captured mine gas and property royalties provide ancillary revenue. Output is sold mainly to blast-furnace steelmakers across Asia, Europe, and South America.
Runs longwall mines and moves coal by rail or barge to export terminals around Mobile, supporting flexible access to seaborne customers. Blue Creek is fully operational and broadens the product mix after completion of its construction phase. Revenue and production depend on global steel demand and steelmaking-coal prices; all three mines remain concentrated in Alabama and subject to mining-safety, environmental, permitting, and reclamation requirements.
Company facts
Key statistics
Year to date +19.5% · Average volume (30d) 656.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | UBS | Reiterate | Buy | $105 | $100 | |
| Mar 27, 2026 | UBS | Reiterate | Buy | $108 | $105 | |
| Jan 29, 2026 | UBS | Upgrade | Neutral | Buy | $86 | $108 |
| Jan 20, 2026 | Jefferies | Reiterate | Buy | $120 | ||
| Dec 12, 2025 | UBS | Reiterate | Neutral | $80 | $86 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.40 | $1.65 | +17.9% | $488.5M | $509.7M | +4.3% | +6.31% |
| Apr 30, 2026Q1 FY26 | $1.21 | $1.37 | +13.2% | $467.6M | $458.6M | −1.9% | −4.06% |
| Feb 12, 2026Q4 FY25 | $0.62 | $0.44 | −29.0% | $384.4M | $384.0M | −0.1% | +0.22% |
| Nov 5, 2025Q3 FY25 | −$0.51 | $0.70 | +236.3% | $302.5M | $327.9M | +8.4% | +23.07% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $298.2M | $298.8M | $327.9M | $384.1M | $458.6M | $509.7M | |
| Gross profit | −$660.0K | $20.9M | $37.2M | $52.9M | $450.3M | $162.6M | |
| Operating income | −$19.1M | $9.1M | $20.0M | $34.8M | $79.4M | $94.5M | |
| Net income | −$8.2M | $5.6M | $36.6M | $23.0M | $72.3M | $87.4M | |
| Diluted EPS | −$0.16 | $0.11 | $0.70 | $0.44 | $1.37 | $1.65 | |
| Gross margin | -0.2% | 7.0% | 11.3% | 13.8% | 98.2% | 31.9% | |
| Operating margin | -6.4% | 3.0% | 6.1% | 9.1% | 17.3% | 18.5% |
Fiscal years (4-quarter sums)FY21 $1.06B · FY22 $1.74B · FY23 $1.68B · FY24 $1.53B · FY25 $1.31B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $322.5M · Total debt $235.8M · Total assets $2.90B · Shareholders' equity $2.29B
Dividends
Raised for 7 straight years — most recently to $0.08 from $0.07 in Feb 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 17 | $0.08 | |
| May 1, 2026 | May 1 | May 7 | $0.08 | |
| Feb 23, 2026 | Feb 23 | Mar 2 | $0.08 | |
| Nov 7, 2025 | Nov 7 | Nov 14 | $0.08 | |
| Aug 8, 2025 | Aug 8 | Aug 15 | $0.08 | |
| May 5, 2025 | May 5 | May 12 | $0.08 | |
| Feb 24, 2025 | Feb 24 | Mar 3 | $0.08 | |
| Nov 5, 2024 | Nov 5 | Nov 12 | $0.08 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 52.80M · Float 51.68M · 97.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.47M | 14.15% | 13F | Aug 7, 2026 |
| State Street Corp | 4.04M | 7.65% | 13F | Aug 7, 2026 |
| First Eagle Investment Management, LLC | 3.88M | 7.35% | 13F | Aug 24, 2026 |
| Vanguard Portfolio Management LLC | 3.29M | 6.23% | 13F | Aug 13, 2026 |
| Ssga Funds Management, Inc. | 2.90M | 5.50% | 13G | Aug 11, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Walter J. Scheller | director, officer: CHIEF EXECUTIVE OFFICER | −50,000 | $110.00 |
| Aug 19, 2026 | Brian M. Chopin | officer: CHIEF ACCOUNTING OFFICER | −3,232 | $104.02 |
| Aug 19, 2026 | Stephen D. Williams | director | −4,800 | $104.23 |
| Aug 19, 2026 | Walter J. Scheller | director, officer: CHIEF EXECUTIVE OFFICER | −50,000 | $105.00 |
| Jun 2, 2026 | Kelli K. Gant | officer: See remarks | −20,000 | $110.00 |
Peers
- Alpha Metallurgical Resources
Broad CAPP met-coal overlap with global steel customers
- Core Natural Resources
Leer longwalls contest premium met-coal export markets
- Peabody Energy
Seaborne met-coal scale with Alabama and Queensland assets
- Ramaco Resources Class A
Smaller CAPP met-coal peer with low-cost growth projects
- BHP (ADR)
Global benchmark supplier of seaborne steelmaking coal
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Warrior Met Coal | $107.07 | +0.06% | $5.65B | 25.7 | 15.6 | 3.4 | +71.3% |
| Alpha Metallurgical Resources | $226.00 | −0.12% | $2.88B | — | 54.3 | 1.4 | −10.4% |
| Core Natural Resources | $100.96 | 0.00% | $5.09B | 50.7 | 23.1 | 1.2 | +3.5% |
| Peabody Energy | $28.98 | +0.20% | $3.52B | — | 14.4 | 0.9 | +12.7% |
| Ramaco Resources Class A | $13.47 | +1.28% | $715.6M | — | — | 1.4 | −5.3% |
| BHP (ADR) | $94.75 | −0.42% | $241.71B | 24.5 | — | 4.2 | +19.9% |
| Median | 37.6 | 23.1 | 1.4 | +3.5% |