Does the company have any hedging strategies in place for coal prices or foreign exchange exposure?

Answer

Based on the information contained in the news release you provided (the Warrior Met Coal, Inc. second‑quarter 2025 results), there is no mention of any hedging programs or specific risk‑management strategies for either coal‑price volatility or foreign‑exchange (FX) exposure.

The release focuses on:

• The company’s operating and financial results for Q2 2025 (net income of $5.6 million, $0.11 per diluted share, versus $70.7 million, $1.35 per diluted share in Q2 2024).
  
• A brief description of Warrior’s business (U.S.‑based producer and exporter of high‑quality steelmaking coal).
  

There is no discussion of:

1. Commodity‑price hedging (e.g., forward contracts, swaps, collars, or other derivatives used to lock in coal‑sale prices).
   
2. Foreign‑exchange hedging (e.g., currency forwards, options, or other instruments to mitigate the impact of USD‑to‑foreign‑currency movements on export revenues or costs).
   

What this means for your question

• From the news release alone: We cannot confirm whether Warrior Met Coal has any hedging policies in place. The absence of a statement does not prove that no hedging exists; it simply means the company chose not to disclose it in this particular earnings announcement.
  
• Typical industry practice: Many coal producers and exporters do employ hedging tools to manage price risk and FX exposure, especially when a significant portion of sales is denominated in foreign currencies. However, without explicit disclosure, we cannot assume Warrior follows that practice.
  

How to obtain a definitive answer

1. SEC filings (Form 10‑K, 10‑Q, or 8‑K): Companies are required to discuss material risk‑management activities, including hedging, in the “Risk Factors” and “Management’s Discussion and Analysis” (MD&A) sections. Look for any references to derivative contracts, commodity‑price risk, or foreign‑exchange risk.
   
2. Investor presentations or conference call transcripts: Management often provides more detail on hedging programs during earnings calls or in slide decks.
   
3. Footnotes to the financial statements: Derivative assets/liabilities, fair‑value accounting for hedges, or disclosures about the effectiveness of hedging relationships are typically footnoted.
   

If you need assistance locating those documents or interpreting the relevant sections, feel free to let me know!