Warrior Met Coal, Inc.

Capital expenditures and mine development for the second quarter of 2025 were $94.3 million compared to $121.6 million in the second quarter of 2024.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The second quarter of 2025 includes $51.8 million of capital expenditures for the continued development of Blue Creek, which brings the total year-to-date capital expenditures to $107.0 million and project-to-date capital expenditures to $823.5 million.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Cash flows used in financing activities for the second quarter of 2025 were $14.8 million, primarily due to principal repayments of financing lease obligations of $10.6 million and payment of a regular quarterly dividend of $4.2 million.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Capital Allocation On July 29, 2025, our Board declared a regular quarterly cash dividend of $0.08 per share, which the Company plans to distribute on August 15, 2025, to stockholders of record as of the close of business on August 8, 2025.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The Company's guidance for its capital expenditures consists of sustaining capital spending of approximately $90-$100 million, including regulatory gas requirements and final 4 North bunker construction, and discretionary capital spending of $225-$250 million for the development of the Blue Creek reserves.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We believe that Adjusted EBITDA presents a useful measure of our ability to incur and service debt based on ongoing operations.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

As we navigate challenging market dynamics driven by excess Chinese steel exports, global tariff uncertainties, seasonal demand softness, and ample spot supply, we remain focused on what we can control protecting margins, preserving cash flow, and executing on our long-term growth strategy.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Selling, general and administrative expenses for the second quarter of 2025 were $11.9 million, or 4% of total revenues, and were lower than the same period last year of $15.5 million due to lower employee-related expenses combined with a continued focus on tightly managing expenses across the business.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to our future prospects, developments and business strategies, including any potential changes to our production and sales volumes as a result of our negotiations with the labor union representing certain of our hourly employees.

SEC original ↗Warrior Met Coal, Inc. — 10-Q Quarterly report10-QAug 5, 2026

Some of the information contained in this discussion and analysis or set forth elsewhere in this Form 10-Q, including information with respect to our plans and strategy for our business and related financing, includes forward-looking statements that involve risks and uncertainties.

SEC original ↗Warrior Met Coal, Inc. — 10-Q Quarterly report10-QAug 5, 2026

Despite headwinds in the global steelmaking industry, Warrior delivered strong operational results, maintained positive cash margins, and generated positive operating cash flows, commented Walt Scheller, CEO of Warrior.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

As we navigate challenging market dynamics driven by excess Chinese steel exports, global tariff uncertainties, seasonal demand softness, and ample spot supply, we remain focused on what we can control protecting margins, preserving cash flow, and executing on our long-term growth strategy.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

This guidance is subject to many risks that may impact performance, such as global trade and tariff uncertainties, market conditions in the steel and steelmaking coal industries and overall global economic and competitive conditions, all as more fully described under Forward-Looking Statements.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Warrior will continue to evaluate the impact of trade and tariff uncertainties on its business for the remainder of the fiscal year.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Key factors that may affect the full year 2025 outlook include One longwall move in Q2 and three planned longwall moves before year end (two in Q3 and one in Q4), HCC index pricing, geography of sales and freight rates, Trade and tariff policies, Exclusion of other non-recurring costs, New labor contract, and Inflationary pressures.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements, including, without limitation, fluctuations or changes in the pricing or demand for the Company s coal (or met coal generally) by the global steel industry, including the risk of a continued decline in the index price for premium low-vol steelmaking coal the impacts of U.

SEC original ↗Warrior Met Coal, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025