Warrior Met Coal Hits It’s Stride: A Quick Look at the Q4 and Full-Year 2025 Results
This is a short report of the $HCC results from today which I wanted to get out as soon as possible. I will have a video analyzing these results and how the company looks now very soon.
Warrior Met Coal just dropped its latest earnings report, and if there’s one takeaway, it’s that the Blue Creek mine is officially the star of the show. Despite some headwinds in the global coal market, the company finished the year on a high note.
Here’s the breakdown of what happened and why it matters.
The Big Wins: Records and Ramps
The headline story is the Blue Creek longwall, which started up in October—a full eight months ahead of schedule. Because of that early start, $HCC absolutely smashed it’s sales and production records:
* Sales: They moved a record 2.9 million short tons in Q4 alone (a 53% jump from last year).
* Production: They dug up 3.4 million short tons in Q4, up 61% year-over-year.
* Blue Creek: Even though it’s just getting started, Blue Creek has already contributed nearly 900,000 tons to those sales numbers.
The Financials
On the financial side, things are looking much healthier than this time last year.
* Net Income: For Q4, they pulled in $23 million ($0.44 per share). To put that in perspective, they only made $1.1 million in the same quarter last year.
* Adjusted EBITDA: This hit $92.9 million for the quarter, nearly double last year’s $53.2 million.
Lower Costs, Even with Lower Prices
Global coal prices actually dropped (the average selling price was down about 16% in Q4 compared to last year). However, Warrior managed to offset that by being much more efficient.
Their cash cost of sales fell by 22% to about $93.50 per ton because Blue Creek is a lower-cost operation by nature. As they scale up, they’re getting more "bang for their buck" on every ton they pull out of the ground.
2026 Guidance and Beyond
The company is feeling so confident about their operational performance that they’ve actually raised their volume guidance for 2026.
They also tucked a little extra "future proofing" into the report: they finalized two new federal coal leases in Alabama. This adds about 53 million short tons of reserves to their pocket, ensuring they have plenty of high-quality steelmaking coal to dig up for years to come in their other two mines, mine 4 and mine 7.
Conclusion
Warrior Met Coal is shifting from a "development" phase into a "growth" phase. With Blue Creek firing on all cylinders earlier than expected and costs trending down, they’ve positioned themselves to be a powerhouse in the steelmaking coal market, even if global prices stay a bit shaky.
I hold a position in $HCC and this is not financial advice.
For the shareholders out there, the board also approved a regular quarterly dividend of $0.08 per share, payable on March 2.