Warrior Met Coal's third quarter 2026 revenue of $508M met estimates but EPS missed targets

Warrior Met Coal reported third quarter 2026 revenue of $507.9 million, roughly in line with estimates, though diluted EPS of $0.93 missed the expected $1.71. Volume growth remained the primary driver, with sales and production increasing 48% and 36% year-over-year, respectively, as the Blue Creek mine continues to scale. Strong operating cash flow of $166.0 million supported the declaration of a $2.00 per-share special dividend.

Key Highlights

• Sales volumes surged 48% to 3.5 million short tons, falling slightly short of the 3.6 million consensus expectation.
• Adjusted EBITDA increased 76% to $124.0 million, reflecting higher pricing and increased profitability from the Blue Creek project.
• Management reaffirmed full-year 2026 guidance, targeting total coal sales between 13.0 and 14.0 million short tons.