In its second quarter earnings report, Warrior Met Coal reported net income of $129.9 million, compared to $108.3 million in the first quarter of 2017. The company reported adjusted EBITDA of $188.5 million in the second quarter of 2017, a 39% increase over the first quarter.
“Warrior’s highly successful second quarter validates our value proposition as the only publicly traded ‘pure-play’ hard coking coal operator in the U.S.,” commented Walt Scheller, CEO of Warrior. “Robust sales volume growth in a strong price environment resulted in a 167% increase in our free cash flow compared to the first quarter. We believe our ability to significantly grow our sales while maintaining our exceptionally low-cost structure will enable us to carry forward this strong performance over the remainder of the year.”
