Warrior Met Coal — Oct 30, 2024 release

The Company’s total liquidity as of September 30, 2024 was $746.4 million, consisting of cash and cash equivalents of $583.2 million, long-term investments of $49.7 million and available liquidity under its ABL Facility of $113.5 million, net of outstanding letters of credit of $2.5 million. Capital Allocation On October 25, 2024, our Board declared a regular quarterly cash dividend of $0.08 per share, totaling approximately $4.2 million, which will be paid on November 12, 2024, to stockholders of record as of the close of business on November 5, 2024. Company Outlook The Company re-affirmed its guidance for the full year 2024. The guidance is subject to many risks that may impact performance, such as 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. Coal sales 7.4 - 8.2 million short tons Coal production 7.4 - 8.0 million short tons Cash cost of sales (free-on-board port) $125 - $135 per short ton Capital expenditures for existing mines $100 - $110 million Blue Creek project and other discretionary capital expenditures $335 - $390 million Mine development costs $28 - $38 million Selling, general and administrative expenses $55 - $65 million Interest expense $4 - $6 million Interest income $20 - $25 million Income tax expense 14% - 18% Key factors that may affect outlook include: • Two planned longwall moves remaining in Q4, • HCC index pricing, geography of sales and freight rates, • Exclusion of other non-recurring costs, • Terms of any new labor