Warrior Met Coal Q1 profit falls to $137.0 million; 2024 guidance reaffirmed
Warrior Met Coal reported first quarter 2024 net income of $137.0 million, or $2.62 per diluted share, down from $182.3 million, or $3.51 per diluted share, a year earlier. Total revenues were $503.5 million, compared with $509.7 million, and Adjusted EBITDA fell to $200.2 million from $259.4 million. The company kept its full-year 2024 sales, production and cost guidance unchanged, while noting weaker steelmaking coal prices since early March.
Key points
- Net income $137.0 million ($2.62 per diluted share) vs. $182.3 million ($3.51) in Q1 2023
- Total revenues $503.5 million vs. $509.7 million; Adjusted EBITDA $200.2 million vs. $259.4 million
- Sales volume rose 9% to 2.1 million short tons, but average net selling price fell 9% to $233.91 per short ton
- 2024 guidance re-affirmed, including coal sales of 7.4 to 8.2 million short tons; $0.58 per share returned to stockholders in Q1
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.
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