Warrior Met Coal(US:HCC)2025-04-30 20:48Financial Performance - Revenue decreased by 40% to $299.9 million in Q1 2025, compared to $503.5 million in Q1 2024[15] - Net loss was $8.2 million in Q1 2025, a 106% decrease compared to a net income of $137.0 million in Q1 2024[15] - Adjusted EBITDA decreased by 80% to $39.5 million in Q1 2025, compared to $200.2 million in Q1 2024[15] - Free cash flow was negative $68.4 million in Q1 2025, a 2,950% decrease compared to $2.4 million in Q1 2024[15] - Average net selling price decreased by 42% to $135.79 per short ton in Q1 2025, compared to $233.91 per short ton in Q1 2024[15] Production and Sales - Production volumes increased by 10% to 2,254 thousand short tons in Q1 2025, compared to 2,051 thousand short tons in Q1 2024, attributable to Blue Creek[11, 15] - Sales volumes increased by 2% to 2,172 thousand short tons in Q1 2025, compared to 2,129 thousand short tons in Q1 2024[11, 15] Blue Creek Project - $55.3 million was invested in the Blue Creek project in Q1 2025, bringing the total project-to-date capital expenditures to $771.8 million[11] - Blue Creek produced 251 thousand short tons in Q1 2025[11, 24] - Longwall startup at Blue Creek is expected no later than Q2 2026[8, 11, 24, 33] - Total capital expenditure estimate for Blue Creek project reiterated in a range of $995 million to $1.075 billion[30]