Warrior Met Coal Inc. reported net income of $129.9 million in the second quarter, with adjusted EBITDA of $188.5 million.
The company's net income per diluted share was $2.46 during the quarter, beating the S&P Capital IQ consensus normalized EPS estimate of $1.95.
In the prior-year period, the company reported a net loss of $50.1 million, or loss of 95 cents per diluted share, and adjusted EBITDA of $8.1 million.
Warrior reported that revenue rose 297.2% year over year to $363.4 million.
The company shipped 1.9 million tons of coal during the quarter, attaining an average sale price of $181.14/ton, compared to 1.1 million tons of coal shipments and an average sale price of $75.78/ton in the year-ago period. Year-to-date, coal shipments stood at 3.1 million tons, with an average sale price of $193.17/ton.
Through the first six months of the year, the company disclosed net income of $238.2 million and adjusted EBITDA of $323.9 million. On a per-share basis, the company posted net income of $4.52.
Year-to-date revenue totaled $617.3 million.
In announcing its results, Warrior said it forecasts between $97.0 million and $117.0 million in capital expenditures in 2017. The company also expects coal shipments to total between 5.9 million and 6.3 million tons.