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 · 2026-11-04 vs the prior 10-Q · 2026-08-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +21 | −22 | ~47 | 49 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 5 |
| 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 | 0 | ~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 · 2026-11-04
In the first quarter of 2026, we completed the Blue Creek construction project. We invested approximately $71.3 million in the current year, bringing total project spending to $1,028.1 million. Final project costs were fully in line with our capital guidance, and no material additional project capit…
During the third quarter of 2026, global steelmaking coal market conditions remained supported by ongoing supply disruptions in China, although market sentiment softened toward quarter-end as expectations increased for a gradual recovery in Chinese domestic production. Premium low-volatility ("Premi…
Steelmaking coal demand in China remained the primary driver of seaborne market conditions during the third quarter of 2026. Chinese coking coal mine utilization rates remained near 70%, a six-year seasonal low, despite government measures aimed at increasing production, with approximately 50 mines …
natural gas hedges and earned royalty revenue. The $1.7 million decrease in other revenues was primarily due to the prior year comparable period including a gain on mark-to-market gas hedges of $0.7 million.
Cost of other revenues was $22.2 million, or 1.5% of total revenues, for the nine months ended September 30, 2026, compared to $23.6 million, or 2.6% of total revenues for the nine months ended September 30, 2025. The decrease was primarily driven by a 5% decrease in gas sales volumes.
Text removed vs the prior filing · source: 10-Q · 2026-08-05
On February 21, 2025, we provided an update on the Blue Creek project. Due to the implementation of innovative technologies and best practices, we increased nameplate production capacity of the Blue Creek mine by 25%, from the original production plan of 4.4 million metric tons to 5.4 million metric…
lower cash costs, further improving our position in the first-quartile of the global cost curve. In addition, Blue Creek's low-cost structure has reduced our all-in cash cost breakeven point and enhanced profitability and cash flow generation.
In the first quarter of 2026, we completed the Blue Creek construction project. We invested approximately $71.3 million in the current year, brining total project spending to $1,028.1 million. Final project costs were fully in line with our capital guidance, and no material additional project capita…
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…
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