Warrior Met Coal Inc. shares reached an all-time high of $110.44 on Monday, extending an 82.58% gain over the past 12 months.
The Alabama-based coal producer reported second-quarter adjusted earnings of $1.65 per share, exceeding analyst expectations of $1.50 per share, while revenue totaled $509.7 million against forecasts of $483.1 million. Net income rose to $87 million from $6 million in the prior-year period, reflecting improved operational performance.
Warrior Met attributed the results to increased production at its Blue Creek mine, higher volumes, and expanded margins. The company’s market capitalization stands at approximately $5.8 billion, with shares trading at a P/E ratio of 26.
The milestone follows a period of strong demand for metallurgical coal used in steelmaking, supporting elevated pricing and profitability for producers in the sector.
