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Warrior Met Coal (HCC) Misses Q3 EPS by 23c, offers outlook

February 14, 2024 4:11 PM

Warrior Met Coal (NYSE: HCC) reported Q3 EPS of $2.49, $0.23 worse than the analyst estimate of $2.72. Revenue for the quarter came in at $363.8 million versus the consensus estimate of $393.04 million.

Company Outlook
The Company\'s outlook for 2024 is subject to many risks that may impact performance, such as market conditions in the steel and steelmaking coal industries and overall global economic and competitive conditions, all as more fully described under Forward-Looking Statements. The Company\'s guidance for the full year 2024 is outlined below.

Coal sales: 7.4 - 8.2 million short tons

Coal production: 7.4 - 8.0 million short tons

Cash cost of sales (free-on-board port): $125 - $135 per short ton

Capital expenditures for sustaining existing mines: $100 - $110 million

Blue Creek project and other discretionary capital expenditures: $335 - $390 million

Mine development costs: $28 - $38 million

Selling, general and administrative expenses: $55 - $65 million

Interest expense: $13 - $18 million

Interest income: $20 - $25 million

Income tax expense: 14% - 18%

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

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Earnings