What smart money is saying about Warrior Met Coal
5 funds in our archive have pitched Warrior Met Coal — most recently Black Bear Value Fund, LP in June 2026.
Warrior Met Coal, Inc. specializes in the extraction and international distribution of coking coal, a critical raw material for steel production. The firm operates a pair of underground mines situated in Alabama. Its primary client base consists of blast furnace steel producers, predominantly located across Europe, South America, and Asia. In addition to coal, the company also sells natural gas, which is recovered as a byproduct of its mining activities. Established as a corporation in 2015, Warrior Met Coal, Inc. maintains its headquarters in Brookwood, Alabama.
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Position history
Between Q2 2025 and Q2 2026, 1 fund letter reported a position in Warrior Met Coal, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 0 | 1 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 2 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Fund activity · 1 position
- HoldsBlack Bear Value Partners Black Bear Value Fund, LPJune 2026
“Warrior Met Coal (HCC) HCC declined approximately 13% during the second quarter and is down roughly 8% year-to-date.”
Read the letterWarrior Met Coal
Fund coverage · 5 theses
- Black Bear Value Fund, LPJune 2026
Warrior Met Coal is a low-cost metallurgical coal producer with completed expansion projects, strong free cash flow potential, and additional embedded growth optionality.
Read the full thesis - Black Bear Value PartnersDecember 2025
Warrior Met Coal, Inc. is a leading met coal producer nearing the end of a capex cycle with significant free cash flow potential from Blue Creek and existing mines.
Read the full thesis - Black Bear VPSeptember 2025
Warrior Met Coal is poised for significant free cash flow growth post-2025, driven by the completion of its Blue Creek mine project and strong existing asset performance.
Read the full thesis - Third avenue Value FundSeptember 2025
Warrior Met Coal is on track with its Blue Creek mine project, which has begun production ahead of schedule and is expected to significantly boost production volumes and shareholder returns by 2026.
Read the full thesis - Black BearJune 2025
Warrior Met Coal is poised for significant free cash flow generation post-2025 as it wraps up its Blue Creek capital project, despite recent revenue challenges due to declining met coal prices.
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