Warrior Met Coal (HCC) Misses Q3 EPS by 28c, Slight Miss on Revenues

Warrior Met Coal (NYSE: HCC) reported Q3 EPS of $1.06, $0.28 worse than the analyst estimate of $1.34. Revenue for the quarter came in at $273.3 million versus the consensus estimate of $274.01 million.

“The market for high quality premium met coal remained strong in the third quarter, with robust customer demand continuing to be supported by steel production in our key markets,” commented Walt Scheller, CEO of Warrior. “Warrior is performing in line with our increased guidance for the year as we continue to benefit from a price environment supported by a tight supply/demand balance and favorable Chinese policies. With the recent successful completion of two scheduled longwall moves, our success in maintaining high levels of production during this time was the result of good planning, preparation, communication, and outstanding work by our employees.”

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

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