WARRIOR MET COAL, INC.

Listed Company

HCCCIK 0001691303NYSELarge AcceleratedSilver OresDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$57.00M

Total Assets

$2.78B

Equity

$2.14B

Shares Out

52.80M

Op. Cash Flow

$229.25M

Business

WARRIOR MET COAL, INC. is a U.S.-based supplier of premium steelmaking coal serving global steel manufacturers. The company produces high-quality hard coking coal (HCC) and operates natural gas operations that remove and sell methane from owned and leased coal seams. It operates as a single reportable segment comprising underground longwall mining operations at Mine No. 4, Mine No. 7 and the Blue Creek project, together with coal preparation, blending and logistics functions. Warrior Met sells primarily to blast furnace steel producers in Europe, South America and Asia via rail, barge and export through the Port of Mobile.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	1,310	1,525	1,677	1,739	1,059
Cost of sales (exclusive of items shown separately below)	982	1,007	910	711	554
Cost of other revenues (exclusive of items shown separately below)	28	45	37	27	29
Depreciation and depletion	189	154	127	115	141
Selling, general and administrative	66	63	52	49	36
Business interruption	19,000	500,000	8	24	21
Total costs and expenses	1,264	1,270	1,135	937	815
Operating income	46	255	541	801	244
Interest expense	−10	−4	−18	−31	—
Interest income	18	33	41	12	—
Loss on early extinguishment of debt	0	0	−12	0	−10
Other expense	0	0	−1	675,000	1
Income before income taxes	54	284	551	783	200
Income tax (benefit) expense	−3	33	73	142	49
Net income	57	251	479	641	151
Net income per share - basic	1.08	4.79	9.21	12.42	2.94
Net income per share - diluted	1.08	4.79	9.2	12.4	2.93
Weighted average number of shares outstanding - basic	53	52	52	52	51
Weighted average number of shares outstanding - diluted	53	52	52	52	51
Dividends per share:	0.32	0.82	1.16	1.54	0.2

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	300	492	738	829	396
Short-term investments	53	15	9	9	9
Trade accounts receivable	182	141	98	152	122
Other receivables	683,000	728,000	4	4	8
Inventories, net	236	208	184	154	60
Prepaid expenses and other	49	32	28	26	33
Total current assets	820	887	1,069	1,173	627
Restricted cash	8	8	0	0	—
Mineral interests, net	107	72	80	89	93
Property, plant and equipment, net	1,817	1,549	1,180	739	603
Deferred income taxes	3	3	6	8	125
Long-term investments	0	45	—	—	—
Other long-term assets	28	27	22	20	15
Total assets	2,784	2,592	2,357	2,028	1,464
Accounts payable	66	40	36	39	34
Accrued expenses	132	85	82	77	55
Asset retirement obligations	6	13	13	4	5
Financing lease obligations	30	13	11	24	24
Federal coal lease obligations	9	0	—	—	—
Other current liabilities	15	19	6	9	5
Total current liabilities	257	170	148	153	122
Long-term debt	154	154	153	303	340
Asset retirement obligations	65	72	72	65	66
Black lung obligations	34	35	27	27	35
Financing lease obligations	54	6	9	9	28
Deferred income taxes	54	64	75	23	0
Federal coal lease obligations	24	0	—	—	—
Total liabilities	642	501	483	581	592
Common stock, $0.01 par value per share (Authorized -140,000,000 shares, 54,791,997 issued and 52,570,156 outstanding as of December 31, 2025 and 54,533,374 issued and 52,311,533 outstanding as of December 31, 2024)	548,000	545,000	542,000	539,000	537,000
Preferred stock, $0.01 par value per share (10,000,000 shares authorized, no shares issued and outstanding)	0	0	0	0	0
Treasury stock, at cost (2,221,841 shares as of December 31, 2025, and December 31, 2024)	−51	−51	−51	−51	—
Additional paid in capital	301	290	279	270	256
Retained earnings	1,891	1,851	1,645	1,228	666
Total stockholders equity	2,141	2,091	1,874	1,448	872
Total liabilities and stockholders equity	2,784	2,592	2,357	2,028	1,464

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income tax (benefit) expense	−9	−8	53	142	49
Stock-based compensation expense	20	22	18	18	9
Mark-to-market (gain) loss on gas hedges	−175,000	2	0	4	2
Amortization of debt issuance costs and debt discount	2	2	2	3	2
Accretion and valuation adjustment of ARO	2	5	5	2	3
Trade accounts receivable	−41	−43	54	−30	−39
Other receivables	45,000	4	1	7	−3
Income tax receivable	0	8	−8	0	0
Inventories	−28	−18	−31	−80	46
Prepaid expenses and other current assets	−18	−4	−2	888,000	11
Accounts payable	31	−3	215,000	−5	−20
Accrued expenses and other current liabilities	33	1	−9	23	−16
Other	−7	−5	11,000	798,000	6
Net cash provided by operating activities	229	367	701	842	352
Purchase of property, plant and equipment	−320	−457	−492	−205	−58
Deferred mine development costs	−82	−31	−33	−49	−13
Proceeds from (purchase of) investments	6	−50	0	—	—
Acquisition of leased mineral rights	−9	0	0	−4	0
Acquisitions, net of cash acquired	0	0	−2	3	0
Proceeds from sale of property, plant and equipment	30,000	0	0	0	209,000
Net cash used in investing activities	−405	−538	−527	−255	−71
Dividends paid	−18	−44	−61	−80	−10
Retirements of debt	0	0	−162	−39	−350
Proceeds from financing lease obligations	49	5	0	0	—
Principal repayments of financing lease obligations	−37	−17	−32	−30	−29
Payments for taxes related to net share settlement of equity awards	−9	−12	−9	—	—
Net cash used in financing activities	−15	−69	−265	−153	−96
Net decrease in cash and cash equivalents	−191	−239	−91	434	184
Interest paid, net of capitalized interest	20	14	24	28	36
Cash paid for income taxes	9	27	27	0	0
Financing leases - equipment	93	12	11	8	47

Filings

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