Filing Flows › Warrior MET Coal (HCC) › Q1 2025
Warrior MET Coal (HCC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Warrior MET Coal (HCC) reported revenue of $300M for the first quarter 2025 (Q1 2025), -40% from a year earlier and +0.8% from the quarter before. Operating margin was -5.8%, net loss $8.2M (2.7% of revenue).
Warrior MET Coal, Q1 2025: revenue $300M (-40% year over year), operating margin -5.8%, net loss $8.2M, operating cash flow $10.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $300M | +0.8% | -40% |
| Operating profit | −$17.4M | — | — |
| Net earnings | −$8.2M | — | — |
| Operating cash flow | $10.9M | -80% | -90% |
What changed
Revenue was $299.9M in Q1 2025, down 40% year over year and up 1% from the previous quarter. Sales was the largest line at 98% of revenue. Sales lost $203.1M year over year (down 41%), 100% of the total change.
Operating costs exceeded revenue by $17.4M, an operating margin of -5.8%. Total costs fell 10% while revenue fell 40%. The quarter ended with a net loss of $8.2M, after a profit of $1.1M the previous quarter. Non-operating items added $3.2M, -22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.9M (down 90% year over year). Non-cash charges added back $45.3M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items used $34.2M. Capital expenditures of $68.5M exceeded it, leaving free cash flow of −$57.6M.
Questions
What was Warrior MET Coal's revenue in the first quarter 2025?
Warrior MET Coal (HCC) reported revenue of $300M for the first quarter 2025 (Q1 2025), -40% from a year earlier and +0.8% from the quarter before.
Was Warrior MET Coal profitable in the first quarter 2025?
Operating loss was $17.4M (-5.8% of revenue) and net loss $8.2M.
Source: Warrior MET Coal 10-Q on SEC EDGAR.