Ramaco Earnings Reports

Ramaco Resources faced a tough Q1 2025 with a net loss of $9.5 million and a revenue drop to $134.7 million due to weak metallurgical coal prices and production impacts from severe weather. Despite these headwinds, the company achieved record quarterly production and maintained industry-leading margins and pricing.

Ramaco Resources reported a net loss of $(0.2) million for Q3 2024, impacted by a decline in metallurgical coal indices. However, the company achieved record quarterly production and sales volumes while reducing non-GAAP cash costs per ton. Sales commitments for 2024 reached 4.1 million tons, and 2.7 million tons are already committed for 2025.

Ramaco Resources reported a net income of $5.5 million and adjusted EBITDA of $28.8 million for Q2 2024. Production increased by 7% to 901,000 tons. Non-GAAP cash cost per ton sold decreased to $108. The company reduced its production and sales guidance by 0.2 million tons at the midpoint due to proactively reducing higher cost production.

Ramaco Resources reported a net income of $2.0 million and Class A EPS of $0.00 for the three months ended March 31, 2024. The results were negatively impacted by lower index pricing and higher mine costs. The company is maintaining all full-year 2024 guidance and expects results to improve throughout the year.

Ramaco Resources reported net income of $30.0 million for Q4 2023, a significant increase compared to the previous quarter. The company's strong performance was attributed to increased sales volume and execution of its growth strategy, shipping at a 4 million ton per annum run rate. The company also reduced its term debt and ended the year with a record level of liquidity.

Ramaco Resources reported a strong third quarter with increased shipments and net income. The company shipped 996,000 tons of coal, achieving its guidance. Net income was $19.5 million, and Adjusted EBITDA was $45.4 million. The company also increased its full-year 2023 coal shipment guidance.

Ramaco Resources reported a net income of $7.6 million for Q2 2023, a decrease from $25.3 million in Q1 2023. The results were affected by transportation issues. The company is progressing with its rare earth element project and has updated its 2023 production and sales guidance.

Ramaco Resources reported record production and sales for Q1 2023. The company produced 834,000 tons and sold 757,000 tons. Non-GAAP cash cost of sales decreased to $105 per ton. The company is also exploring Rare Earth Element deposits at its Brook Mine.

Ramaco Resources reported a net income of $14.4 million, or $0.32 per diluted share, for the three months ended December 31, 2022. Adjusted EBITDA was $31.9 million. Results were affected by extreme cold temperatures and a drop in API2 index pricing.

Ramaco Resources reported a record third quarter, with net income increasing by over 280% compared to the same period last year, driven by higher realized pricing. The company is fully sold out for 2022 and has committed 1.8 million tons for 2023 delivery. The refurbishment of the Berwind Preparation Plant is nearing completion, expected to lower cash costs.

Ramaco Resources reported a strong second quarter in 2022, with net income of $33.3 million and Adjusted EBITDA of $57.9 million, representing increases of 235% and 220% respectively compared to the second quarter of 2021. The company built approximately 90,000 tons of inventory due to logistical issues, and has booked total 2022 sales of roughly 2.8 million tons as of August 4 at an average sales price of roughly $214 per ton.

Ramaco Resources reported a record first quarter 2022, with net income of $41.5 million and Adjusted EBITDA of $64.1 million, driven by favorable market conditions and increased production. The company was impacted by rail service delays, which negatively impacted EPS by $0.38 and Adjusted EBITDA by $23.0 million. They anticipate a record second quarter and an increased cadence in all key metrics in second half results.

Ramaco Resources, Inc. reported a strong fourth quarter and full year 2021, marked by record quarterly net income and Adjusted EBITDA. The company's net income and Adjusted EBITDA for the fourth quarter were significantly higher than the previous year. Looking forward, Ramaco is focused on increasing met coal production and returning capital to shareholders.

Ramaco Resources reported a strong third quarter in 2021, with net income of $7.0 million and Adjusted EBITDA of $17.8 million, marking the highest third quarter Adjusted EBITDA on record for the Company. The company also strategically concluded 2022 North American sales, booking 1.7 million tons at $196 per short ton, translating to over $325 million in revenue and roughly $190 million in Adjusted EBITDA.

Ramaco Resources reported a strong second quarter with a 275% increase in net income compared to the same period last year. The company achieved record total sales of 686,000 tons and shifted to a net cash position of $6.0 million.

Ramaco Resources reported a strong first quarter in 2021, with net income of $4.1 million, or $0.10 per diluted share, and adjusted EBITDA of $11.5 million. The company achieved record production of 577,000 tons and record low cash cost of sales at $59 per ton.

Ramaco Resources reported a net loss of $4.7 million for Q4 2020, a significant decline from the net income of $1.9 million in Q4 2019. Adjusted EBITDA also decreased to ($1.4) million from $9.0 million in the prior year quarter. Despite these losses, the company achieved record quarterly sales of 515,000 tons and record export coal sales of over 300,000 tons.

Ramaco Resources reported a net loss of $4.8 million, or $0.11 per diluted share, for the third quarter of 2020. Adjusted EBITDA was $0.6 million, negatively impacted by force majeure events. Export coal sales reached a quarterly record, and the company anticipates year-end liquidity above $30 million.

Ramaco Resources, Inc. reported a decrease in net income to $2.7 million, with earnings per diluted share of $0.06 for the quarter ended June 30, 2020. Adjusted EBITDA was $10.8 million. The company liquidity was $31.8 million as of June 30, 2020.

Ramaco Resources reported a net income of $2.0 million and revenue of $41.9 million for Q1 2020. The company's cash costs per ton sold at Elk Creek were $61, below the prior guidance. They strengthened their liquidity position through cost reduction initiatives and additional borrowing.

Ramaco Resources reported Q4 2019 financial results, with revenue increasing by 3% year-over-year to $45.6 million. However, net income decreased to $1.9 million, or $0.05 per diluted share, compared to $3.4 million, or $0.08 per diluted share in Q4 2018. Adjusted EBITDA increased to $9.0 million from $7.0 million in the same period last year.