Warrior Met Coal stock: $2.00 special dividend follows strong Q3
Published on 11/05/2026 at 03:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQuarterly results and shareholder returns
- Warrior Met Coal increased third-quarter sales volumes and production as Blue Creek continued to ramp up.
- Operating cash flow and free cash flow strengthened liquidity and supported the board's capital-return plans.
- Full-year 2026 guidance was reaffirmed despite ongoing pricing, freight and operating risks.
Warrior Met Coal reported third-quarter results on Wednesday, November 4, 2026, as Blue Creek continued to expand the producer's operating base. In its earnings release, the company said sales volumes rose 48 percent year over year to 3.5 million short tons and production increased 36 percent to 3.1 million short tons.
Blue Creek lifts quarterly performance
Third-quarter revenue reached 507.9 million US dollars, compared with 328.6 million US dollars a year earlier. Net income rose to 49.3 million US dollars from 36.6 million, while Adjusted EBITDA increased 76 percent to 124.0 million US dollars.
Operating cash flow reached 166.0 million US dollars and free cash flow totaled 138.9 million US dollars. The company attributed the performance to higher volumes, improved steelmaking coal pricing and the continued contribution from Blue Creek. Cash cost of sales at the free-on-board port rose 4 percent to 104.98 US dollars per short ton.
Dividend plans set the next catalyst
The board declared a special cash dividend of 2.00 US dollars per share, totaling about 106 million US dollars. Warrior also plans to pay its regular quarterly dividend of 0.08 US dollars per share. The regular payment is scheduled for November 13 to shareholders of record on November 6, while the special dividend is planned for November 20 to shareholders of record on November 9.
Warrior reaffirmed its full-year 2026 guidance, including coal sales of 13.0 million to 14.0 million short tons and production of 12.5 million to 13.5 million short tons. The outlook remains exposed to coal prices, freight rates, trade policy, inflation, labor conditions and one remaining longwall move in the fourth quarter.
Warrior Met Coal at a glance
- Company: Warrior Met Coal, Inc.
- ISIN: US93627C1018
- Ticker: HCC
- Home exchange: NYSE
- Third-quarter revenue: 507.9 million US dollars
- Third-quarter net income: 49.3 million US dollars
- Third-quarter Adjusted EBITDA: 124.0 million US dollars
- Third-quarter sales volume: 3.5 million short tons
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