Metallurgical coal miners are chasing favorable prices and forging ahead with development and ramp-up plans for new mining projects
Warrior Met Coal, Inc. shares fell 2.4% to US$57.71 in the week after its latest full-year results. Warrior Met reported in line w/ analyst..
Warrior Met Coal reported solid financial results for Q4 2023, exceeding analyst expectations and building on the previous year’s performance
Earnings is tough to trade. It’s like betting against the spread in NFL or NCAA Football games, and Vegas is very smart and typically spot on.
A major artery for Alabama’s coal exports the Demopolis lock on the Black Warrior River remains closed after a concrete failure last week.
Let’s start with the big overall trend, and for that we need to think in terms of thermal coal, generally when discussing US coal production.
Coal still remains a vital part of our energy mix. In fact, a recent report by the IEA found global coal demand hit an all-time high in 2022
Met & Thermal Coal Producer Valuations along with a theoretical framework on how I think about valuing coal companies.
In light of the Ramaco 2024 Guidance Update, I updated my metallurgical coal price deck and valuations for each of the US met producers.
I spent some time updating metallurgical producer financial models today, so this will be a chart heavy post.
Alpha reported net income of $6.65 per share, surpassing analysts’ estimates but that’s mainly due to the buybacks making less shares.