ARCH - Warrior Met Coal crushed after Q4 miss; guidance stays suspended

Warrior Met Coal ([[HCC]] -17.3%) plunges to YTD lows after reporting a larger than forecast Q4 loss and keeping its FY 2021 guidance suspended.Q4 adjusted EBITDA plunged 77% Y/Y to $9.15M, roughly half analyst consensus; coal production fell 3% Y/Y to 1.76M tons.Warrior says it will not provide 2021 guidance "due to ongoing uncertainty related to the COVID-19 pandemic, the Chinese ban on Australian coal and other potentially disruptive factors."The company also says it will continue to suspend its share buyback program and delay development of the Blue Creek project until at least summer 2021 to focus on preserving cash and liquidity.Other coal-related names are lower: [[BTU]] -11.3%, [[ARCH]] -5.9%, [[TECK]] -5.1%, [[METC]] -3.2%.B Riley analysts say Warrior's cautious language on guidance "comes as a surprise to investors who have viewed the company to be in a unique opportunity to expand its market by building its brand among Chinese buyers,"

For further details see:

Warrior Met Coal crushed after Q4 miss; guidance stays suspended