Warrior Met Coal Inc. on Feb. 14 reported net income of $97.2 million, or $1.83 per share, in the fourth quarter of 2017, compared with $34.0 million, or 65 cents per share, in the same quarter a year earlier.
The S&P Capital IQ consensus normalized earnings estimate for the fourth quarter was 99 cents per share. Revenue was $239.8 million, compared with $153.3 million a year earlier.
The company sold 1.4 million tons of coal in the quarter, compared with 954,000 tons in the fourth quarter of 2016. The average sales price was $168.89 per ton, compared with $153.82 in the same quarter a year earlier.
For the full year, GAAP net income was $455.0 million, or $8.62 per share, while the S&P Capital IQ consensus normalized earnings estimate for the year was $7.92 per share.
Full-year revenue came in at $1.17 billion. The company reported sales of 6.5 million tons of coal during the year, with an average sales price of $172.31 per ton.
Warrior's board of directors recently declared a regular quarterly cash dividend of 5 cents per share to be paid March 2 to stockholders of record Feb. 23.