Atlanta – Warrior Met Coal of Alabama is a firm that’s doing well. So well, the media doesn’t report about it in the latest coal news.
While it’s true that there are a number of coal mining firms that are having difficulty, it’s also obvious now, that there’s a kind of mainstream media plot to make everyone think that each and every coal firm and coal industry affiliated company in America is in trouble. From Murray Energy to Arc Coal to Consol Energy, and service providers like Insight Terminal Solutions, examples of media mis-truths abound. In fact, that’s why Insight Terminal Solutions commissioned Zennie62Media: to tell the truth about the coal industry and the Oakland Bulk and Oversized Terminal.
The fact is that China, India, America, Austrialia, and Indonesia are the World’s largest coal producing nations. The question should be how does America maintain its competitive advantage and make the process less emissions producing, while maintaining jobs? But the media today has taken up sides – such policy questions seldom see the light of day. Especially at CNN.
CNN’s Matt Egan wrote “The bankruptcy of Murray Energy puts an exclamation point on the stunning downfall of America’s coal industry. Despite President Donald Trump’s promise to revive coal country, the shift toward natural gas and renewable energy has only accelerated.” That would seem to indicate that CNN is trying to drum up bad news for President Trump, not tell the truth about Warrior Met Coal or the state of the coal industry.
(In fact, that’s true. While Trump hasn’t moved to call for a true, classic, economic development assistance plan for the coal industry, Democrats haven’t advanced any plan that doesn’t include making people jobless in the name of climate change. The answer – a package of subsidies aimed at pension, health care, and labor cost and unemployment aide, coupled with paying for the application of new low-emissions production technology, would work. That we as a United States of America don’t do that opens the door to another issue not focused on here.)
A search for “cnn.com coal”in Google search reveals listing after listing of articles focused on Murray Energy and to an alarming rate. Clearly, as James O’Keefe has revealed in his expose on CNN, the fix is in. One look at the press releases from Warrior Met Coal reveals that.
What Is Warrior Met Coal of Alabama?
What is Warrior Met Coal? Warrior Met Coal, according to its media release, is “a large-scale, low-cost, U.S.-based producer and exporter of premium HCC, operating highly efficient longwall operations in its underground mines located in Alabama. The HCC that Warrior produces from the Blue Creek coal seam contains very low sulfur and has strong coking properties and is of a similar quality to coal referred to as the premium HCC produced in Australia. The premium nature of Warrior’s HCC makes it ideally suited as a base feed coal for steel makers and results in price realizations near the Platts Index price. Warrior sells all its met coal production to steel producers in Europe, South America and Asia. For more information about Warrior, please visit www.warriormetcoal.com.”
It’s news for the year has been fiscally positive, and in October, Warrior Met Coal reported this:
Oct 18, 2019
BROOKWOOD, Ala. – (BUSINESS WIRE) – Warrior Met Coal, Inc. (NYSE:HCC) (“Warrior” or the “Company”) today announced its board of directors has declared a regular quarterly cash dividend of $0.05 per share to be paid on November 4, 2019, to stockholders of record as of the close of business on October 28, 2019.
Warrior Met Coal has issued a quarterly cash dividend each quarter this year. That’s a fact that has gone unreported in the media save for press releases on wire services. And here’s more good news about Warrior Met Coal:
Warrior is the leading dedicated U.S. based producer and exporter of high quality metallurgical (“met”) coal for the global steel industry.
Warrior reported third quarter 2019 net income of $45.0 million, or $0.87 per diluted share, compared to net income of $52.6 million, or $1.00 per diluted share, in the third quarter of 2018. Adjusted net income per share for the third quarter of 2019 was $0.79 per diluted share compared to $1.06 per diluted share in the third quarter of 2018. The Company reported Adjusted EBITDA of $82.7 million in the third quarter of 2019, compared to Adjusted EBITDA of $94.1 million in the third quarter of 2018.
“We are pleased with our performance this quarter, even in the face of challenging market conditions impacting revenue and EBITDA,” commented Walt Scheller, CEO of Warrior. “Even with the seasonal steel slowdown in the third quarter, as well as additional macro issues in the global economy significantly impacting pricing we were still able to execute another quarter of strong sales volume along with a significant increase in production volume. Further, we were able to complete two longwall moves during this quarter, which gives us confidence in reiterating our full year sales and production guidance. Warrior continues to have exceptional production, cost, and balance sheet flexibility to thrive in a range of market conditions.”
The Company produced 2.2 million short tons of met coal in the third quarter of 2019, 19.0% more than the amount produced in the third quarter of 2018. Sales volume in the third quarter of 2019 was 2.0 million short tons, a 19.3% increase over the amount sold in the third quarter of 2018.
The American Coal Industry does have its share of problems, but overall, the story is one of transition, not complete collapse. There are more Warrior Met Coal companies out there. And new coal mine facilities are being built around the World, like the UK.
Bookmark Oakland News Now to learn about them.
OaklandNewsNow.com, Oakland News Now, Oakland-News-Now.com @OaklandNewsNow oaklandnewsblog.com is by Zennie62Media, Inc. with CEO Zenophon Abraham AKA Zennie62 YouTube Oakland News Now Commentary Vlog YouTube Partner, Oakland California blogger / vlogger Zennie Abraham @ZennieAbraham . Hire @Zennie62Media, Inc to tell your story.
Zennie62Media uses smartphones enabling our 98-blog network, specially-made blogs, website, social media platforms covering politics, news, sports, and tech, @Oaklandcitynews, Oakland City Council, North Oakland, East Oakland, Montclair, Adams Point, Uptown Oakland food culture, Oakland City, Oakland Cemetery, Oakland crime, Oakland directions, Oakland airport, Oakland, California ghetto, Oakland, California Map, Oakland Raiders, Oakland City Hall Plaza, East Oakland, Jack London Square, London Square, Golden State Warriors, Chase Center, Bob Myers, Joe Lacob, Peter Guber, NBC Bay Area, Council-Member, Councilmember, Council President, Mayor of Oakland, Public-Safety, Affordable Housing, BBQ Becky Dr. Jennifer Schulte , Jogger Joe Henry Sintay, Oakland crime news, Bank of America loans, COVID-19 updates, homeless news, SF Bay Area news, Oakland artists, @breakingnewsbayarea, Emeryville, Atlanta news, Chevron Ecuador, Steven Donziger, Fayetteville GA news, @FayettevilleGA Fayette County Georgia, San Francisco news, San Jose news. Also, David Rubin Academy Awards, The Oscars ceremony ,Tom Hanks, Skyline High School, Oakland Sports, Oakland Panthers, Oakland Coliseum, Honda of Oakland, Oakland Arena, Oakland Raiders, Las Vegas Raiders, Las Vegas Stadium Construction, Allegiant Stadium, Las Vegas Stadium Authority, NBA, NFL, NFL Draft, NFL Combine, CES Las Vegas tech, San Diego Comic Con sci-fi. @GrandLakeTheater @LasVegasHotels, Penny Dreadful City of Angels, Academy of Motion Picture Arts and Sciences, AMPAS
Zennie62Media has content development and online reputation management clients like Insight Terminal Solutions @InsightTerminalSolutions and The Oakland Bulk and Oversized Terminal, with California Capital Investment Group Managing Partner Phillip Phil Tagami @PhilTagami co-developer, @JohnSiegel John Siegel as ITS CEO exposing coal and Oakland fake news. Zennie62 has helped Maria Ayerdi Kaplan @MariaAyerdiKaplan, developer of Salesforce Transit Center in San Francisco, Kofi Bonner Five Points, San Francisco Shipyard, and Flowsent capture the Oakland Cannabis Delivery Dispensary @OaklandCannabis market with fitness model female bodybuilder Laura Ehlen and weedmaps help. We’ve partnered with CoLoursTV, CNN, YouTube, Google, NBC, Vice, Oakland Post / Post News Group, Landis PR, and other media organizations. Competition: The SF Chronicle, San Francisco Chronicle, Streetsblog San Francisco, SFStreetsBlog.org, San Francisco Business Times, Bizjournals.com, NY Times, Salt Lake Tribune, LA Times, Daily Californian, KQED, KALX, KPIX, KRON, Las Vegas Review Journal, East Bay Express, Oakland Tribune, Oakland Voices, The Mercury News, AJC, Atlanta Journal Constitution, Hoodline
WebiMax, Gadook, VJG Interactive, LocalEdge, Digital Firefly Marketing, GreyBox Creative, Igniyte, Reputation Rhino, Netmark, Outspoken Media, SEOValley, WebpageFX, NetReputati, san francisco reputation management, atlanta reputation management, los angeles reputation management, Indeed, airbnb, pinterest, credit karma, southwest airlines, mcdonalds, united airlines, Peel-A-Pound Soup, drudge report, astros, 49ers, frontier airlines, tractor supply, warriors, alaska airlines, buffalo wild wings, horoscope, shein, raiders, uhaul, ted bundy, nba finals, michaels coupon, Tua Tagovailoa, cheesecake factory, golden state warriors, kevin durant, realtor com, stephen curry, walgreens photo, drudge, facebook sign in, funny memes, hbo go, hbo now, oakland raiders, oakland national night out, vistaprint, braves, san francisco 49ers, monday night football, newegg, travis scott, zion williamson, kohls coupons, lands end, nancy pelosi, kohls coupon, hotwire, kamala harris, Patrick Mahomes, harry potter, giants, craigslist sf, craig newmark, vic beasley, california earthquake, boston weather, las vegas weather, Eric Metz, sf giants, san francisco weather, san francisco, los angeles weather, lord and taylor, star wars, star wars episode, star trek, star trek discovery, william shatner, zinni.com, zenni.com, leonard nimoy, j.j.abrams, jimmy garoppolo, hawaiian airlines, detective pikachu, clint eastwood, bed bath and beyond coupon, abercrombie, pewdiepie, sfgate, sc lottery, san diego weather, san antonio weather, southwest flights, pikachu, golden state, myatt, just mercy, french open, colourpop, cam newton, anna kendrick, actor, sexual harrassment, klay thompson, harbor freight coupon, robin williams, protest in Oakland, portland protest, Berkeley protest, Chicago protest, LA protest, Howard Terminal Ballpark, Seattle protest, portland weather, phoenix weather, north carolina, macbook, how, bath and body works coupon, The Pandemic, sports events,googleflights, daytona 500, daily horoscope, ashton kutcher, mask, Economic Stimulus, andrew luck, alamo drafthouse, 49ers schedule, trump tweets, thanksgiving,How to, What is, How do I, What do I, Who is? , Electronic Frontier Foundation, Howard Terminal Ballpark, Natalie Silver, Pass It On, Barbara Leslie, Yui Hay Lee, Andreas Cluver, White Journalists, Blacks In Media, David Rubin, Frances Dinkelspiel, Alana Nguyen SFGate, Cat Brooks, Anti Police-Terror Project, Mountain Mike’s Pizza, Glenview, Restorative Justice, School Crossing Guards
Bill Belichick ,New England Patriots, Sean Payton, New Orleans Saints, Andy Reid, Kansas City Chiefs , John Harbaugh, Baltimore Ravens, Sean McVay, Los Angeles Rams, Mike Tomlin, Pittsburgh Steelers, Kyle Shanahan, San Francisco 49ers, Pete Carroll, Seattle Seahawks, Bruce Arians, Tampa Bay Buccaneers, Frank Reich, Indianapolis Colts , Mike Zimmer , Minnesota Vikings , Doug Pederson, Philadelphia Eagles , Mike Vrabel, Tennessee Titans , Sean McDermott, Buffalo Bills , Matt Nagy, Chicago Bears , Kliff Kingsbury, Arizona Cardinals , Zac Taylor, Cincinnati Bengals, Bill O’Brien, Houston Texans, Kevin Stefanski, Cleveland Browns, Ron Rivera, Washington Redskins , Brian Flores, Miami Dolphins , Joe Judge, New York Giants, Mike McCarthy, Dallas Cowboys, Matt Rhule, Carolina Panthers, Jon Gruden, Las Vegas Raiders, Matt LaFleur, Green Bay Packers, Anthony Lynn, Los Angeles Chargers, Vic Fangio, Denver Broncos, Dan Quinn, Atlanta Falcons, Matt Patricia, Detroit Lions, Doug Marrone, Jacksonville Jaguars, Adam Gase, New York Jets
Also Elon Musk, YouTuber , Nura Gabbara, Pat Abraham Yerger, Patricia Yerger, Oakland Mayor Libby Schaaf @LibbySchaaf, Councilmember Nikki Fortunato Bas, Dan Kalb of District 1, Loren Taylor, Lynette Gibson McElhaney, Sheng Thao, Noel Gallo, Robert Bobb, Rebecca Kaplan, Larry Reid, Tech Entrepreneur Sarah Lacy, Personal Trainer Megan Avalon Buffed Barbie, Social Media Pioneer Marc Canter, Beth Schnitzer, Spritz Marketing, Eleanor Wikstrom, SF Mayor London Breed, Scott McKibben, CA Assemblymember Buffy Wicks, Schools Superintendent Tony Thurmond, Berkeley Councilmember Ben Bartlett @BenBartlett, Raiders Charles Woodson, 49ers Jerry Rice, Grand Lake Theater Oakland Owner Allan Michaan, Gary Meyer Telluride, Eat Drink Films, C.J. Hirschfeld, Issac Kos-Reed, Salsa-By-The-Lake, AMC Cinemark TinselTown, Children’s Fairyland, Irvine City Manager John Russo, Guy Fieri, Oakland CAO Edward Reiskin, Raiders Coach Jon Gruden Running Back Josh Jacobs, Stanford HC David Shaw, Tri Ngo, Atlanta Falcons Coach Dan Quinn, Michael Mina, NFL Draft Mr. Irrelevant Head Melanie Fitch, Paul Satala. Eva Crawford, Lauren Weisheit, Subscribe to Zennie Abraham’s @Zennie62 YouTube Channel, today!