HCC — what changed in the latest 10-Q
A section-by-section comparison of HCC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-05 vs the prior 10-Q · 2026-04-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −14 | ~36 | 54 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~6 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | −3 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-05
During the second quarter of 2026, global steelmaking coal market conditions reflected tightening coal supply in China and uneven demand across major seaborne markets. Premium low-volatility ("Premium LV") metallurgical ("met") coal prices remained supported by production disruptions and safety insp…
Steelmaking coal demand in China strengthened during the second quarter of 2026 as supply disruptions reduced domestic production and inventories, increasing reliance on imported coal. According to Wood Mackenzie, cumulative production losses in Shanzi province could reach 15 to 25 million metric to…
The United States government continued to pursue a range of trade and tariff measures affecting international commerce, with certain countries implementing responsive actions. Ongoing trade and tariff uncertainty continued to contribute to volatility in global steel and steelmaking coal markets. The…
On July 4, 2025, the One, Big, Beautiful Bill Act ("OBBBA") was enacted into law and includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act. The legislation has multiple effective dates, with certain provisions effective in 2025 a…
period including a gain on mark-to-market gas hedges of $1.8 million. The decrease was also due to a decrease in the Southern Louisiana natural gas price average per Million British Thermal Unit ("MMBtu") of 14% and a decrease in natural gas sales volumes of 1%.
Text removed vs the prior filing · source: 10-Q · 2026-04-30
Market conditions in the global steelmaking coal industry during the first quarter of 2026 continued to reflect uneven seaborne demand and ongoing macroeconomic uncertainty, particularly in China. Notwithstanding these demand conditions, premium low‑volatility (“Premium LV”) metallurgical ("met") co…
During the first quarter of 2026, steelmaking coal demand from China remained subdued, as steel producers continued to operate with controlled production levels and relied primarily on domestic supply and Mongolian imports. Demand outside China was mixed. India continued to represent a significant s…
Met coal markets during the quarter were further influenced by heightened geopolitical risks stemming from the ongoing conflicts in the Middle East. While met coal demand has been less directly exposed than thermal coal to these developments, the conflicts contributed to increased volatility in glob…
increasing the uncertainty around global energy availability.
The United States government continued to pursue a range of trade and tariff measures affecting international commerce, with certain countries implementing responsive actions. Ongoing trade and tariff uncertainty continued to contribute to volatility in global steel and steelmaking coal markets. The…
Other information
Text removed vs the prior filing · source: 10-Q · 2026-04-30
On February 23, 2026, Jack K. Richardson, Chief Operating Officer of the Company, adopted a Rule 10b5-1 trading plan intended to satisfy affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a "Rule 10b5-1 Plan"). Mr. Richardson's plan, which provides for the potential sale of up …
On February 26, 2026, Kelli. K. Gant, Chief Administrative Officer and Corporate Secretary of the Company, adopted a Rule 10b5-1 trading plan intended to satisfy affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a "Rule 10b5-1 Plan"). Ms. Gant's plan, which provides for the po…
On March 2, 2026, Walter J. Scheller, III, Chief Executive Officer and Director of the Company, adopted a Rule 10b5-1 trading plan intended to satisfy affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a "Rule 10b5-1 Plan"). Mr. Scheller's plan, which provides for the potential…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice