Warrior Met Coal (HCC) Q4 2025 Earnings
Reported Feb 12, 2026 at 4:04 PM ET · SEC Source
Q4 25 EPS
$0.44
MISS 25.17%
Est. $0.59
Q4 25 Revenue
$384.0M
BEAT +0.25%
Est. $383.0M
vs S&P Since Q4 25
-12.6%
TRAILING MARKET
HCC -3.9% vs S&P +8.7%
Full Year 2025 Results
FY 25 EPS
$1.08
FY 25 Revenue
$1.31B
Market Reaction
Did HCC Beat Earnings? Q4 2025 Results
Warrior Met Coal delivered a blowout fourth quarter, posting earnings of $0.44 per share and beating the $0.23 consensus estimate by 90.15%, as the ahead-of-schedule commissioning of its Blue Creek longwall mine reshaped the company's production and … Read more Warrior Met Coal delivered a blowout fourth quarter, posting earnings of $0.44 per share and beating the $0.23 consensus estimate by 90.15%, as the ahead-of-schedule commissioning of its Blue Creek longwall mine reshaped the company's production and cost profile in a single stroke. Revenue climbed 29.1% year-over-year to $383.99 million, powered by record Q4 sales volumes of 2.9 million short tons, up 53% from the prior-year period, while cash cost per short ton fell 22% to $93.53, reflecting Blue Creek's lower-cost structure. The gains were partially offset by a 16% decline in average net selling prices to $130 per short ton, as weak global steel demand and elevated Chinese steel exports continued to weigh on metallurgical coal pricing, a headwind management expects to persist into 2026. Even so, investors are weighing the volume step-change favorably, with the company guiding 2026 coal sales of 12.5 to 13.5 million short tons and cash costs of $95 to $110 per short ton as Blue Creek enters its first full year of operations.
Key Takeaways
- • Record quarterly sales volumes of 2.9 million short tons driven by Blue Creek contribution of 881 thousand short tons
- • 22% reduction in cash cost of sales per short ton to $93.53 due to Blue Creek's lower cost structure and variable cost discipline
- • 53% increase in Q4 sales volumes year-over-year
- • 61% increase in Q4 production volumes year-over-year
- • Average net selling price declined 16% to $129.60 per short ton due to weak global steel demand and lower index pricing
- • Average index price for premium low-volatility coal was 22% lower year-over-year
HCC YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
HCC Revenue by Segment
Business unit performance breakdown
“Our team's disciplined execution in the fourth quarter and throughout 2025 delivered exceptional progress at Blue Creek. We are poised for a significant expansion in scale in 2026 as the early start of the Blue Creek longwall operation is already driving higher production, improved cost performance and record quarterly sales volumes.”
— Walt Scheller, Q4 2025 Earnings Press Release
HCC Earnings Trends
HCC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HCC EPS Trend
Earnings per share: estimate vs actual
HCC Revenue Trend
Quarterly revenue: estimate vs actual
HCC Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $1.42 | $1.37 | -3.70% | $458.6M | -1.01% |
| Q4 25 MISS FY | $0.59 | $0.44 | -25.17% | $384.0M | +0.25% |
| FY Full Year | — | $1.08 | — | $1.31B | — |
| Q3 25 BEAT | $-0.51 | $0.70 | +236.29% | $328.6M | +9.54% |
| Q2 25 BEAT | $-0.36 | $0.11 | +130.34% | $297.5M | +4.16% |