WARRIOR MET COAL, LLC filed this 8-K on October 30, 2024
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WARRIOR MET COAL, INC. - 8-K - 20241030 - INCOME_STATEMENT
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WARRIOR MET COAL, INC.
CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except per-share amounts)
(Unaudited)
 
For the three months ended September 30,For the nine months ended September 30,
 2024202320242023
Revenues:
Sales$319,944 $416,888 $1,208,366 $1,288,412 
Other revenues7,776 6,599 19,389 24,409 
Total revenues327,720 423,487 1,227,755 1,312,821 
Costs and expenses:
Cost of sales (exclusive of items shown separately below)231,598 260,376 778,489 723,458 
Cost of other revenues (exclusive of items shown separately below)8,854 9,855 29,491 32,803 
Depreciation and depletion36,642 34,020 114,815 101,783 
Selling, general and administrative11,403 11,138 45,452 38,826 
Business interruption 107 347 409 8,101 
Total costs and expenses288,604 315,736 968,656 904,971 
Operating income 39,116 107,751 259,099 407,850 
Interest expense(1,422)(3,418)(3,458)(16,313)
Interest income8,679 10,691 26,074 31,235 
Loss on early extinguishment of debt— (11,699)— (11,699)
Other expense— (1,102)— (881)
Income before income tax expense 46,373 102,223 281,715 410,192 
Income tax expense 4,607 16,841 32,248 60,439 
Net income $41,766 $85,382 $249,467 $349,753 
Basic and diluted net income per share:
Net income per share—basic $0.80 $1.64 $4.78 $6.73 
Net income per share—diluted$0.80 $1.64 $4.78 $6.72 
Weighted average number of shares outstanding—basic52,330 52,019 52,167 51,958 
Weighted average number of shares outstanding—diluted52,394 52,111 52,221 52,028 
Dividends per share:$0.08 $0.07 $0.74 $1.09 
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