Warrior Met Coal Approves $200M Stock Buyback
Ticker: HCC · Form: 8-K · Filed: Apr 29, 2024 · CIK: 1691303
Sentiment: bullish
Topics: stock-repurchase, shareholder-return, board-approval
Related Tickers: HCC
TL;DR
Warrior Met Coal just authorized a $200M stock buyback, signaling confidence and aiming to boost shareholder value.
AI Summary
Warrior Met Coal, Inc. announced on April 25, 2024, that its Board of Directors approved a new stock repurchase program authorizing the repurchase of up to $200 million of the company's common stock. The program has no expiration date and is intended to enhance shareholder value.
Why It Matters
This significant stock repurchase program signals management's confidence in the company's financial health and its commitment to returning capital to shareholders, potentially boosting the stock price.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a stock repurchase program, which is generally a positive signal from management.
Key Numbers
- $200M — Stock Repurchase Program (Amount authorized for repurchase of common stock.)
Key Players & Entities
- Warrior Met Coal, Inc. (company) — Registrant
- $200 million (dollar_amount) — Stock repurchase program authorization
- April 25, 2024 (date) — Date of Board approval
FAQ
What is the total amount authorized for the new stock repurchase program?
The Board of Directors approved a new stock repurchase program authorizing the repurchase of up to $200 million of the company's common stock.
When was the stock repurchase program approved?
The stock repurchase program was approved by the Board of Directors on April 25, 2024.
Does the stock repurchase program have an expiration date?
No, the stock repurchase program has no expiration date.
What is the primary purpose of the stock repurchase program?
The program is intended to enhance shareholder value.
What type of stock is eligible for repurchase under this program?
The program authorizes the repurchase of the company's common stock.
Filing Stats: 1,134 words · 5 min read · ~4 pages · Grade level 13.2 · Accepted 2024-04-29 16:31:00
Key Financial Figures
- $0.01 — articipating Preferred Stock, par value $0.01 per share — New York Stock Exchange
Filing Documents
- d814247d8k.htm (8-K) — 49KB
- 0001193125-24-122489.txt ( ) — 201KB
- hcc-20240425.xsd (EX-101.SCH) — 4KB
- hcc-20240425_def.xml (EX-101.DEF) — 13KB
- hcc-20240425_lab.xml (EX-101.LAB) — 21KB
- hcc-20240425_pre.xml (EX-101.PRE) — 14KB
- d814247d8k_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Warrior Met Coal, Inc. Date: April 29, 2024 By: /s/ Dale W. Boyles Dale W. Boyles Chief Financial Officer 4