Filing Flows › Warrior MET Coal (HCC) › Q2 2026
Warrior MET Coal (HCC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Warrior MET Coal (HCC) reported revenue of $510M for the second quarter 2026 (Q2 2026), +71% from a year earlier and +11% from the quarter before. Operating margin was 18.5%, net earnings $87.4M (17.2% of revenue).
Warrior MET Coal, Q2 2026: revenue $510M (+71% year over year), operating margin 18.5%, net earnings $87.4M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $510M | +11% | +71% |
| Operating profit | $94.5M | +19% | 12× |
| Net earnings | $87.4M | +21% | 16× |
| Operating cash flow | $132M | — | +252% |
| Free cash flow | $103M | — | — |
What changed
Revenue was $509.7M in Q2 2026, up 71% year over year and up 11% from the previous quarter. Product was the largest line at 99% of revenue. Product added $215.1M year over year (up 75%), 101% of the total change. Product and Service Other declined 33%.
Operating profit was $94.5M, a 18.5% margin (up 15.9 points year over year). Of the extra revenue versus Q2 2025, 41% reached operating profit, above the 3% margin then. Total costs grew 43% against revenue growth of 71%. The fastest-growing cost line was Cost of revenue (+50%). Net earnings were $87.4M, up 1460% year over year. The effective tax rate was 4.1%.
Operating cash flow was $132.3M (up 252% year over year), 151% of net earnings. Non-cash charges added back $58.3M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $15.9M. After purchases of property, plant and equipment and mine development costs ($28.9M), free cash flow as the company reports it was $103.4M.
Questions
What was Warrior MET Coal's revenue in the second quarter 2026?
Warrior MET Coal (HCC) reported revenue of $510M for the second quarter 2026 (Q2 2026), +71% from a year earlier and +11% from the quarter before.
Was Warrior MET Coal profitable in the second quarter 2026?
Operating profit was $94.5M (18.5% of revenue) and net earnings $87.4M.
Source: Warrior MET Coal 10-Q on SEC EDGAR.