Warrior Met Coal reported second quarter 2026 revenue of $509.7 million, a 71% increase year-over-year, and diluted EPS of $1.65, up from $0.11 in the prior-year period. The results were driven by a significant increase in sales volumes following the ramp-up of the Blue Creek mine, which also contributed to lower unit costs and substantial free cash flow generation.
Key Highlights
- Record quarterly sales volume reached 3.7 million short tons, a 65% increase from the 2.2 million short tons sold in the second quarter of 2025.
- The company generated $103.4 million in free cash flow, a significant turnaround from a negative free cash flow of $56.7 million in the prior-year quarter, benefiting from higher operating cash flow and lower capital expenditures.
- Cash cost of sales per short ton decreased 9% year-over-year to $92.53, attributed to the lower-cost structure of the Blue Creek mine and tax credits.
- Warrior Met Coal raised its full-year 2026 coal sales guidance to a range of 13.0 - 14.0 million short tons, an increase of 0.5 million short tons.