Filing Flows › Warrior MET Coal (HCC) › Q3 2026
Warrior MET Coal (HCC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Warrior MET Coal (HCC) reported revenue of $508M for the third quarter 2026 (Q3 2026), +55% from a year earlier and -0.3% from the quarter before. Operating margin was 10.0%, net earnings $49.3M (9.7% of revenue).
Warrior MET Coal, Q3 2026: revenue $508M (+55% year over year), operating margin 10.0%, net earnings $49.3M, operating cash flow $166M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $508M | -0.3% | +55% |
| Operating profit | $50.8M | -46% | +145% |
| Net earnings | $49.3M | -44% | +35% |
| Operating cash flow | $166M | +25% | +59% |
| Free cash flow | $139M | — | — |
What changed
Revenue was $507.9M in Q3 2026, up 55% year over year and roughly flat from the previous quarter. Product was the largest line at 99% of revenue. Product added $181.1M year over year (up 57%), 101% of the total change. Product and Service Other declined 20%.
Operating profit was $50.8M, a 10.0% margin (up 3.7 points year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, above the 6% margin then. Total costs grew 48% against revenue growth of 55%. The fastest-growing cost line was Cost of revenue (+54%). Net earnings were $49.3M, up 35% year over year. The effective tax rate was -0.9%.
Operating cash flow was $166.0M (up 59% year over year), 337% of net earnings. Non-cash charges added back $68.1M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $45.2M. After purchases of property, plant and equipment and mine development costs ($27.1M), free cash flow as the company reports it was $138.9M.
Questions
What was Warrior MET Coal's revenue in the third quarter 2026?
Warrior MET Coal (HCC) reported revenue of $508M for the third quarter 2026 (Q3 2026), +55% from a year earlier and -0.3% from the quarter before.
Was Warrior MET Coal profitable in the third quarter 2026?
Operating profit was $50.8M (10.0% of revenue) and net earnings $49.3M.
Source: Warrior MET Coal 10-Q on SEC EDGAR.