Company Quick10K Filing
Warrior Met Coal
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 52 $1,294
10-K 2020-02-19 Annual: 2019-12-31
10-Q 2019-10-30 Quarter: 2019-09-30
10-Q 2019-07-31 Quarter: 2019-06-30
10-Q 2019-05-01 Quarter: 2019-03-31
10-K 2019-02-21 Annual: 2018-12-31
10-Q 2018-10-31 Quarter: 2018-09-30
10-Q 2018-08-01 Quarter: 2018-06-30
10-Q 2018-05-02 Quarter: 2018-03-31
10-K 2018-02-14 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-18 Quarter: 2017-03-31
8-K 2020-02-19 Regulation FD, Exhibits
8-K 2020-02-19 Earnings, Exhibits
8-K 2020-02-14 Enter Agreement, Shareholder Rights, Amend Bylaw, Other Events, Exhibits
8-K 2019-12-19 Enter Agreement
8-K 2019-10-30 Earnings, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-07-15 Officers
8-K 2019-06-01 Officers, Exhibits
8-K 2019-05-08 Regulation FD
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-04-23 Shareholder Vote
8-K 2019-03-25 Other Events, Exhibits
8-K 2019-02-21 Earnings, Other Events, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-10-16 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-08-14 Officers
8-K 2018-08-08 Enter Agreement, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-07-27 Shareholder Vote
8-K 2018-07-06 Officers, Exhibits
8-K 2018-06-12 Enter Agreement, Exhibits
8-K 2018-05-08 Enter Agreement, Officers, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-04-26 Shareholder Vote
8-K 2018-03-01 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-02-26 Regulation FD, Other Events, Exhibits
8-K 2018-02-26 Other Events, Exhibits
8-K 2018-02-21 Regulation FD, Exhibits
8-K 2018-02-14 Earnings, Exhibits

Warrior Met Coal Financials

HCC Metrics, Comps, Filings

Annual | Quarterly

Business

We are a large scale, low-cost U.S.-based producer and exporter of premium met coal operating two highly productive underground mines in Alabama, Mine No. 4 and Mine No. 7, that have an estimated annual production capacity of 7.3 million metric tons of coal. We sell a premium met coal product to leading steel manufacturers in Europe and South America. As of December 31, 2018, based on a reserve report prepared by Marshall Miller & Associates, Inc. ("Marshall Miller"), our two operating mines had approximately 108.3 million metric tons of recoverable reserves and, based on a reserve report prepared by Stantec Consulting Services, Inc. ("Stantec"), our undeveloped Blue Creek Energy Mine contained 103.0 million metric tons of recoverable reserves. We strive to produce premium met coal in an efficient, safe and responsible manner, and environmental responsibility and sustainability are key principles in our business strategy.

Our hard coking coal ("HCC"), mined from the Southern Appalachian region of the United States, is characterized by low-to-medium volatile matter ("VM") and high coke strength after reaction ("CSR"). These qualities make our coal ideally suited as a coking coal for the manufacture of steel. As a result of our high quality coal, our realized price has historically approximated the Platts Premium Low Volatility ("LV") Free-On-Board ("FOB") Australia Index price (the "Platts Index"). In contrast, coal produced in the Central Appalachian region of the United States is typically characterized by medium-to-high VM and a CSR that is below the requirements of the Australian Index price.

Our operations utilize longwall mining techniques, which is the most productive coal mining method available, and allows mining at the lowest cost per ton. We are able to utilize longwall mining as a result of the medium to thick coal seams of Mine No. 4 and Mine No. 7. Additionally, our operations benefit from a highly competitive initial Collective Bargaining Agreement ("CBA") with the United Mine Workers of America ("UMWA"), which has enabled us to structurally reduce our cash costs.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Peabody Energy (BTU) 1,996 0% 2.6 5% 7,121 3,895 3,726 0 323 916 2,423
Arch Coal (ARCH) 1,673 14% 4.1 18% 1,890 1,192 2,410 328 345 426 1,736
SM Energy (SM) 1,388 69% 8.1 1% 6,392 3,590 1,600 1,107 47 171 1,382
Bloom Energy (BE) 1,323 12% -9.0 -27% 1,223 1,234 838 98 -325 -184 1,653
Warrior Met Coal (HCC) 1,294 49% 2.5 51% 1,290 578 1,410 686 663 597 1,513
PBF Logistics (PBFX) 1,271 0% 15.3 10% 960 853 312 0 99 132 2,027
HollySys Automation (HOLI) 1,235 0% 1,309 362 0 0 0 0 898
Helix Energy Solutions Group (HLX) 1,234 16% 7.8 1% 2,620 968 739 122 32 183 1,432
SRC Energy (SRCI) 1,218 98% 3.8 9% 2,785 1,087 732 718 249 314 1,190
Contura Energy (CTRA) 982 0% 4.0 2% 2,780 1,813 2,285 0 62 273 1,091
CONSOL Energy (CEIX) 710 0% 3.7 4% 2,765 2,155 1,461 0 124 335 1,253
Ramaco Resources (METC) 214 27% 4.6 12% 218 58 230 61 27 48 223
Hallador Energy (HNRG) 178 6% 4.8 2% 513 252 331 18 9 71 341
Foresight Energy (FELP) 96 0% 10.2 -3% 2,387 1,845 1,089 0 -61 134 1,365
Cloud Peak Energy (CLD) 6 0% 0.0 -488% 275 642 724 0 -1,340 -1,264 -40
BHP Billiton (BBL)
Natural Resource Partners (NRP) 20% 2.2 11% 1,219 615 307 62 133 217 467
Consol Coal Resources (CCR) 0% 1.6 11% 494 269 339 0 55 105 168
Alliance Resource Partners (ARLP) 0% 0.6 19% 2,503 1,123 2,102 0 467 802 500

Balance Sheet ($MM)2017-12-312018-12-31
Cash36206
Accounts Receivable118138
Inventory5457
PP&E537540
Assets9931,395
Accounts Payable2834
Long-Term Debt346469
Liabilities580682
Stockholders' Equity413713
Income Statement ($MM)2017-12-312018-12-31
Revenue1,1691,378
Cost of Revenue593717
Gross Profit577661
R&D
SG&A3637
Tax-39-226
Net Income455697
Cash Flow ($MM)2017-12-312018-12-31
Cash Operating435559
Cash Investing-93-108
Cash Financing-458-282