Warrior Met CoalNYSE: HCC

The adjusted EBITDA of $78M was the lowest figure since early 2021. Adjusted earnings were $42M, which was relatively impressive given the challenging market conditions. The development project Blue Creek is on time, which has the potential to re-rate the stock substantially over the next couple of years.

Warrior Met Coal, Inc. (NYSE:HCC ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants D'Andre Wright - Vice President of External Affairs and Communications Walter Scheller, III - Chief Executive Officer Dale Boyles - Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Katja Jancic - BMO Capital Markets Operator Good afternoon.

Warrior Met Coal (HCC) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $1.85 per share a year ago.

BROOKWOOD, Ala.--(BUSINESS WIRE)--Warrior Met Coal, Inc. (NYSE:HCC) (“Warrior” or the “Company”) today announced that its board of directors has approved a regular quarterly cash dividend of $0.08 per share to be paid on November 12, 2024, to stockholders of record as of the close of business on November 5, 2024. About Warrior Warrior is a U.S.-based, environmentally, and socially minded supplier to the global steel industry. It is dedicated entirely to mining non-thermal metallurgical (met) co.

HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Tokio Marine HCC (TMHCC), based in Houston, Texas, has today announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty, to lead the launch and build out the new offering. David takes up his new role with immediate effect and will report to Susan Rivera, Chief Executive Officer (CEO) of TMHCC.

BROOKWOOD, Ala.--(BUSINESS WIRE)--Warrior Met Coal, Inc. (“Warrior” or NYSE: HCC) today announced that it will hold its third quarter 2024 investor conference call at 4:30 p.m. ET on Wednesday, October 30, 2024. Warrior will release its results following the close of market trading that afternoon. To participate in the conference call, please call 1-844-340-9047 (domestic) or 1-412-858-5206 (international) 10 minutes prior to the start time and reference the Warrior Met Coal conference call. A.

Warrior Met Coal is the low-cost producer of met coal in the United States. The development of the Blue Creek mine may be ill timed due to the current steel demand environment. With the current uncertain macro backdrop, I issue a hold rating on HCC.

Warrior Met Coal focuses on exporting metallurgical coal from Alabama, with strong production capabilities and a promising Blue Creek project expected to boost output in 2026. Q2 2024 results showed declines in EBITDA and net income due to weak coking coal prices, but Warrior maintains a robust balance sheet with $709M in cash. Despite lower shareholder returns and no recent buybacks, Blue Creek's future production and cost benefits present a significant upside for long-term investors.

Warrior Met Coal (HCC) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.63 per share a year ago.