Warrior Met Coal reports Q2 EPS $1.35, consensus $1.33

Reports Q2 revenue $396.5M, consensus $380.5M. Recorded an 18% increase in sales volumes to 2.1M short tons “despite weaker demand in the global markets and a 13% increase in production volumes, resulting in largest quarterly production in over three years”. “Our ability to deliver a very strong second quarter performance despite a soft global market reflects our continued success in maximizing sales and production volumes and generating significant cash flow from operations,” commented Walt Scheller, CEO. “We anticipate the benefits of our high-quality assets and our ability to develop Blue Creek from cash from operations to continue to drive value for stockholders regardless of market factors. Looking ahead, we believe the Company is well positioned to capitalize on improving global demand if it materializes, especially in India, in the second half of the year combined with a potential improvement in steelmaking coal prices from expected tightness in global supply driven by constraints of Australian longwall moves, mine maintenance and recent mine fires.”