Coal Outperformance
www.alphaletter.co
Quick update to all readers here.
Warrior Met Coal (HCC) reported fourth quarter results today, which blew away my estimates.
Revenues $415 million
Operating income $184 million
Net income $138 million
Adjusted EBITDA $240 million
In the quarter Warrior produced 1.1 million tons and sold 1.4 million tons, still below the 2020 levels of 2.2 million tons sold …
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