Warrior Met Coal Q1 2026 Earnings: Record Sales Volumes and Strong Profit Growth

Warrior Met Coal reported strong first quarter 2026 results with net income of $72.3 million ($1.37 per diluted share), a significant improvement from a net loss of $8.2 million in Q1 2025. Adjusted EBITDA surged 263% to $143.4 million, driven by the successful ramp-up of the Blue Creek mine. The company achieved record quarterly sales volumes of 3.0 million short tons, a 38% year-over-year increase, while production grew 55% to 3.5 million short tons. Cash cost of sales per ton decreased 14% to $96.17, benefiting from Blue Creek's lower cost structure and tax credits. Total revenues increased to $458.6 million, up from $299.9 million in the prior year. The company completed Blue Creek construction with final investment of $66.1 million, bringing total project spending to $1.02 billion. Warrior reaffirmed its full-year 2026 guidance and declared a quarterly dividend of $0.08 per share.