Warrior Met Coal Q1 revenue rises

Overview

• U.S. steelmaking coal miner's Q1 revenue rose 53% yr/yr but missed analyst expectations

• Adjusted EBITDA jumped 263% on record sales volumes and margin expansion from Blue Creek

• Company reaffirmed full-year 2026 outlook and completed Blue Creek construction ahead of schedule

Outlook

• Warrior Met Coal reaffirms full-year 2026 guidance for coal sales of 12.5-13.5 mln short tons

• Company expects 2026 coal production of 12.0-13.0 mln short tons

• Company sees 2026 cash cost of sales at $95-$110 per short ton

Result Drivers

• BLUE CREEK RAMP-UP - Record sales and production volumes driven primarily by Blue Creek mine contribution

• COST STRUCTURE IMPROVEMENT - Lower cash cost of sales per ton due to Blue Creek's cost profile and Section 45X tax credit

Company press release: ID:nBwxrZwra

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the iron & steel peer group is "buy"

• Wall Street's median 12-month price target for Warrior Met Coal Inc is $104.00, about 15.5% above its April 29 closing price of $90.03

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 16 three months ago

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