Warrior Met Coal Upgrades 2025 Output After Blue Creek Mine Starts Eight Months Early
Third Avenue Value Fund’s fourth-quarter 2025 letter credited Warrior Met Coal as its largest performance contributor after commercial-scale mining began at its Blue Creek project eight months ahead of schedule, boosting revenue and cash flow and prompting an upward 2025 production estimate. Hedge fund holdings rose to 37 portfolios by quarter-end.
1. Third Avenue Value Fund Performance
Third Avenue Value Fund posted a 7.47% return in fourth-quarter 2025, outperforming the MSCI World Value Index’s 3.12% gain. For the year-to-date period, the Fund achieved a 35.46% return compared with the index’s 21.09% performance.
2. Blue Creek Project Accelerates Production
Warrior Met Coal began commercial-scale mining at its Blue Creek project approximately eight months ahead of schedule, immediately lifting revenue and cash flow. This acceleration led management to raise the company’s 2025 metallurgical coal production estimates.
3. Stock Market Performance and Valuation
On March 9, 2026, Warrior Met Coal shares closed at $78.94, marking a one-month decline of 12.59% but a 61.50% gain over the past 52 weeks. The company holds a market capitalization of $4.15 billion.
4. Hedge Fund Ownership Trends
At the end of fourth-quarter 2025, 37 hedge fund portfolios reported stakes in Warrior Met Coal, up from 32 in the prior quarter, indicating growing institutional confidence in the company’s outlook.