Shares of Warrior Met Coal LLC (HCC) continued their upward trajectory, soaring 7.48% in pre-market trading on Thursday. This surge follows a remarkable 13.52% gain during Wednesday's session, as investors react to the company's impressive third-quarter earnings report and positive operational updates.

The metallurgical coal producer significantly outperformed analyst expectations in Q3, reporting a net income of $36.6 million, or $0.70 per diluted share, compared to an estimated loss of $0.33 per share. Revenue reached $328.589 million, surpassing the forecast of $304.334 million. These strong results were driven by a 27% increase in total sales volumes and a 17% rise in total production volumes year-over-year.

Adding to the positive sentiment, Warrior Met Coal announced the early commencement of longwall operations at its Blue Creek mine, which began eight months ahead of schedule. This operational success led the company to raise its full-year production volume guidance by 10%. Furthermore, the firm secured a federal coal lease covering approximately 14,050 acres in Tuscaloosa, bolstering its long-term growth prospects. In response to these developments, BMO raised its target price for Warrior Met Coal from $65 to $72, further fueling investor optimism and contributing to the stock's pre-market rally.