Warrior Met Coal, Inc. reported adjusted EBITDA of $156.9 million for the second quarter of 2026, a 193% increase compared to the same period in 2025. The company’s net income reached $87.4 million, or $1.65 per diluted share, up from $5.6 million, or $0.11 per diluted share, in the second quarter of 2025. Shares closed at $84.30, representing a 3.44% increase in the session following the announcement.

The financial performance was underpinned by record sales of 3.7 million short tons of steelmaking coal, marking the fourth consecutive quarter of record volumes. This 65% year-over-year increase in sales volume was supported by production output of 3.3 million short tons. Additionally, the company saw a 6% increase in the average net selling price to $137.82 per short ton.

Warrior achieved a 9% reduction in cash cost of sales per short ton, falling to $92.53. This lower cost profile was primarily attributed to the operating structure of the Blue Creek mine and the impact of the Section 45X Advanced Manufacturing Production Tax Credit.

“We delivered record sales volumes, improved pricing and a lower-cost profile in the second quarter, driving significant margin expansion and generating more than $103 million of free cash flow.”

— Walt Scheller, CEO

Following the completion of construction at Blue Creek, the company has raised its full-year 2026 production guidance to a range of 12.5 million to 13.5 million short tons. Operational activity for the remainder of the year includes three planned longwall moves: two in the third quarter and one in the fourth quarter.

The company declared a regular quarterly cash dividend of $0.08 per share, payable on 17 August 2026 to stockholders of record as of 10 August 2026.

Read the full announcement: Warrior Reports Second Quarter 2026 Results