(RTTNews) - Warrior Met Coal, Inc. (HCC) Wednesday reported a net loss for the first quarter of $8.2 million or $0.16 per share, compared to a net income of $137.0 million, or $2.62 per share, in the first quarter of 2024.
The Company reported Adjusted EBITDA of $39.5 million in the first quarter of 2025 compared to Adjusted EBITDA of $200.2 million in the first quarter of 2024.
The company said results were substantially impacted by significantly weaker steelmaking coal market conditions reflected in the 40% lower index price for premium low-vol steelmaking coal year-over-year.
Total revenues were $299.9 million for the first quarter of 2025, which compares to total revenues of $503.5 million for the first quarter of 2024. The average net selling price of the company's steelmaking coal decreased 41.9% from $233.91 per short ton in the first quarter of 2024 to $135.79 per short ton in the first quarter of 2025.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
