Filing Flows › Warrior MET Coal (HCC) › Q2 2025
Warrior MET Coal (HCC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Warrior MET Coal (HCC) reported revenue of $298M for the second quarter 2025 (Q2 2025), -25% from a year earlier and -0.8% from the quarter before. Operating margin was 2.6%, net earnings $5.6M (1.9% of revenue).
Warrior MET Coal, Q2 2025: revenue $298M (-25% year over year), operating margin 2.6%, net earnings $5.6M, operating cash flow $37.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298M | -0.8% | -25% |
| Operating profit | $7.7M | — | -89% |
| Net earnings | $5.6M | — | -92% |
| Operating cash flow | $37.5M | +244% | -74% |
What changed
Revenue was $297.5M in Q2 2025, down 25% year over year and down 1% from the previous quarter. Sales was the largest line at 97% of revenue. Sales lost $101.9M year over year (down 26%), 103% of the total change.
Operating profit was $7.7M, a 2.6% margin (down 15.3 points year over year). Total costs fell 11% while revenue fell 25%. Net earnings were $5.6M, down 92% year over year. The effective tax rate was 43.5%. Non-operating items added $2.2M, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $37.5M (down 74% year over year), 670% of net earnings. Non-cash charges added back $43.3M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $13.4M. Capital expenditures of $75.0M exceeded it, leaving free cash flow of −$37.4M.
Questions
What was Warrior MET Coal's revenue in the second quarter 2025?
Warrior MET Coal (HCC) reported revenue of $298M for the second quarter 2025 (Q2 2025), -25% from a year earlier and -0.8% from the quarter before.
Was Warrior MET Coal profitable in the second quarter 2025?
Operating profit was $7.7M (2.6% of revenue) and net earnings $5.6M.
Source: Warrior MET Coal 10-Q on SEC EDGAR.