Warrior Met Coal (HCC) Tops Q1 EPS by 54c

Warrior Met Coal (NYSE: HCC) reported Q1 EPS of $2.30, $0.54 better than the analyst estimate of $1.76. Revenue for the quarter came in at $378.3 million versus the consensus estimate of $325.23 million.

Company Outlook
In light of the Company’s successful performance in the first quarter of 2019, its NOL carryforwards, and the expected market conditions for the remainder of 2019, Warrior is maintaining its sales and production guidance for the full year 2019 as outlined below. The Company is also providing its guidance with respect to its mining development costs and updating its guidance with respect to its interest expense to reflect its debt reduction in the first quarter of 2019.

• Coal sales � � 7.1 - 7.6 million short tons
• Coal production 7.1 - 7.6 million short tons
• Cash cost of sales (free-on-board port) $89 - $95 per short ton
• Capital expenditures $100 - $120 million
• Mine development costs $18 - $22 million
• Selling, general and administrative expenses $32 - $36 million
• Interest expense, net $30 - $32 million
• Noncash deferred income tax expense 23% - 25%
• Cash tax rate 0%

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

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