Warrior Met Coal (NYSE: HCC) reported Q3 EPS of $0.97, $0.22 better than the analyst estimate of $0.75. Revenue for the quarter came in at $202.5 million versus the consensus estimate of $189.53 million.

“During the third quarter, we were pleased to deliver our most profitable results since the onset of the COVID-19 pandemic, driven by the resiliency and efficiency of our operational base,” commented Walt Scheller, CEO of Warrior. “We were ideally set to take advantage of the record high pricing we saw this quarter, enabling us to leverage the strong global economic recovery by increasing our average net selling prices and delivering strong production during the ongoing union strike. Despite the continued issues with supply chains around the world, we are finding that strong steel and met coal demand globally, as well as the Chinese ban on Australian coal imports, are providing tailwinds that play to our strengths. With a continued focus on managing expenses, enhancing liquidity, and increasing cash flows, Warrior is well positioned to continue meeting our customers’ long-term commitments in the face of any potential future market volatility.”

Mr. Scheller continued, "While we continue to negotiate in good faith to reach a new union contract, the UMWA unfortunately remains on strike. During this period, we continued to execute successfully on our business continuity plans, allowing us to continue to meet the needs of our valued customers. Despite incurring costs associated with the strike, we have been able to manage our working capital and spending to deliver strong results in this market.”

For earnings history and earnings-related data on Warrior Met Coal (HCC) click here.