Filing Flows › Warrior MET Coal (HCC) › Q1 2026
Warrior MET Coal (HCC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Warrior MET Coal (HCC) reported revenue of $459M for the first quarter 2026 (Q1 2026), +53% from a year earlier and +19% from the quarter before. Operating margin was 17.3%, net earnings $72.3M (15.8% of revenue).
Warrior MET Coal, Q1 2026: revenue $459M (+53% year over year), operating margin 17.3%, net earnings $72.3M, operating cash flow −$11.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $459M | +19% | +53% |
| Operating profit | $79.4M | +129% | — |
| Net earnings | $72.3M | +215% | — |
| Operating cash flow | −$11.7M | -115% | -207% |
What changed
Revenue was $458.6M in Q1 2026, up 53% year over year and up 19% from the previous quarter. Product was the largest line at 98% of revenue. Product added $153.5M year over year (up 52%), 97% of the total change.
Operating profit was $79.4M, a 17.3% margin (up 23.1 points year over year). Total costs grew 20% against revenue growth of 53%. The fastest-growing cost line was SG&A (+53%). Net earnings were $72.3M. The effective tax rate was 8.2%.
Operating cash flow was −$11.7M. Non-cash charges added back $52.3M of depreciation and amortization and $10.1M of share-based compensation. Working capital and other items used $146.4M. Capital expenditures of $80.1M exceeded it, leaving free cash flow of −$91.9M.
Questions
What was Warrior MET Coal's revenue in the first quarter 2026?
Warrior MET Coal (HCC) reported revenue of $459M for the first quarter 2026 (Q1 2026), +53% from a year earlier and +19% from the quarter before.
Was Warrior MET Coal profitable in the first quarter 2026?
Operating profit was $79.4M (17.3% of revenue) and net earnings $72.3M.
Source: Warrior MET Coal 10-Q on SEC EDGAR.