Earnings summaries and quarterly performance for Ramaco Resources.
Executive leadership at Ramaco Resources.
Randall W. Atkins
Chief Executive Officer
Christopher L. Blanchard
EVP for Mine Planning and Development
E. Forrest Jones, Jr.
General Counsel
Evan H. Jenkins
Secretary
Jason T. Fannin
Chief Commercial Officer
Jeremy R. Sussman
Chief Financial Officer and Assistant Secretary
John C. Marcum
EVP for Production
Board of directors at Ramaco Resources.
Aurelia Skipwith Giacometto
Director
Bryan H. Lawrence
Director
C. Lynch Christian, III
Director
David E. K. Frischkorn, Jr.
Director
Joseph Manchin III
Director
Michael R. Graney
Director
Patrick C. Graney, III
Director
Peter Leidel
Director
Richard M. Whiting
Director
Research analysts who have asked questions during Ramaco Resources earnings calls.
Nathan Martin
The Benchmark Company
8 questions for METC
Nick Giles
B. Riley Securities
6 questions for METC
Alex Fuhrman
Craig-Hallum Capital Group LLC
4 questions for METC
Ben Kallo
Robert W. Baird & Co.
4 questions for METC
Jeff Grampp
Northland Securities, Inc.
4 questions for METC
Matthew Key
B. Riley Securities
4 questions for METC
Brian Lee
Goldman Sachs Group, Inc.
2 questions for METC
Carlos de Alba
Morgan Stanley
2 questions for METC
Colin Rusch
Oppenheimer & Co. Inc.
2 questions for METC
Douglas Orman
Discovery Capital
2 questions for METC
Christopher LaFemina
Jefferies
1 question for METC
Lucas Pipes
B. Riley Securities
1 question for METC
Saundarya
B. Riley Securities
1 question for METC
Recent press releases and 8-K filings for METC.
- Ramaco Resources reported $537 million in revenue for 2025 and Adjusted EBITDA of $36,055 thousand for Q4 2025. The company's Net Debt was $11,070 thousand at the end of Q4 2025.
- The company's metallurgical coal operations achieved Q4 2025 cash costs of $80 per ton, positioning it in the first quartile of the U.S. cost curve. Annual met coal production was 3.8 million tons in 2025 and is projected to be 3.9 million tons in 2026.
- Development of the Brook Mine for rare earths and critical minerals is progressing, with the mine having broken ground in July 2025. The mine is estimated to contain 1.4 million in-place REO tons, including primary magnetic REOs, gallium, germanium, and scandium.
- An updated processing flowsheet for the Brook Mine is projected to lead to material increases in incremental revenue and free cash flow. Key upcoming milestones include a Revised Preliminary Economic Assessment expected mid-year and a Pre-Feasibility Study by late 2026.
- Ramaco Resources reported record liquidity of $521 million at the end of Q4 2025, an increase of over 275% year-over-year, and a net debt position of $11 million, following approximately $1 billion in capital raises during the second half of 2025.
- The company achieved strong Q4 2025 operational results with cash costs per ton sold of $92 and cash margins of $24 per ton. For 2026, Ramaco initiated guidance projecting full-year production of 3.7 million-4.1 million tons and sales of 4.1 million-4.5 million tons, with anticipated CapEx of $85 million-$90 million.
- A proprietary carbochlorination technology breakthrough was announced for the critical mineral business, expected to reduce costs, improve yields, and shift the product focus towards high-purity gallium, alumina, and quartz for the semiconductor industry, with a revised Preliminary Economic Assessment (PEA) due by mid-year.
- Ramaco is exploring corporate reorganization options to create separate entities for its met coal and rare earth critical mineral businesses, aiming for enhanced operational and financial flexibility.
- Ramaco Resources reported strong Q4 2025 met coal operations, achieving the lowest cost since Q4 2021 at $80 a ton at its Elk Creek complex, with quarterly cash margins of $24 a ton. For 2026, the company expects to grow total sales for the sixth consecutive year and lower overall cash costs for the third consecutive year, with approximately 80% of 2026 production already committed.
- The company announced a significant strategic shift for its Brook Mine critical mineral business, adopting a new proprietary carbochlorination flow sheet expected to reduce capital and operating costs, improve recoveries, and increase the value of its product slate. This new approach will focus on producing high-purity gallium, high-purity alumina, and high-purity quartz for the semiconductor industry, with a revised Preliminary Economic Assessment (PEA) anticipated by mid-2026.
- Ramaco ended Q4 2025 with record liquidity above $520 million, representing a more than 275% year-over-year increase, following approximately $1 billion in capital raised in the second half of 2025. The company is also exploring a corporate reorganization to establish separate entities for its met coal and critical mineral businesses.
- Ramaco Resources reported strong Q4 2025 performance for its met coal operations, achieving the lowest cost since Q4 2021 at $80 a ton at the Elk Creek complex and quarterly cash margins of $24 a ton. The company expects to grow total sales for the sixth consecutive year and lower overall cash costs for the third consecutive year in 2026, with 80% of its 2026 production already committed.
- In its critical minerals business, Ramaco announced a new proprietary carbochlorination flow sheet for the Brook Mine, which is projected to reduce capital and operating costs and shift the primary product focus to high-purity gallium, alumina, and quartz for the semiconductor industry, with full pilot operations expected to begin in 2027.
- The company's balance sheet is in its strongest position ever, ending Q4 2025 with record liquidity above $520 million, up over 275% year-over-year, after raising approximately $1 billion in capital in H2 2025.
- Ramaco anticipates 2026 CapEx to be $85 million-$90 million, including $20 million for met coal growth projects and $20 million for its rare earth elements and critical minerals business.
- Ramaco Resources reported a net loss of $(14.7) million and Class A diluted EPS of $(0.26) for Q4 2025, with a full-year 2025 net loss of $(51.4) million and Class A diluted EPS of $(0.99).
- The company ended Q4 2025 with record liquidity of $521 million, an increase of 275% year over year, following over $1 billion in new capital raised in the second half of 2025.
- For 2026, Ramaco expects annual sales volumes between 4.1 and 4.5 million tons and production volumes between 3.7 and 4.1 million tons, with anticipated cash cost of sales between $95 and $100 per ton.
- The company is accelerating low-vol growth projects, including restarting the Laurel Fork Mine and adding a 3rd section at the Berwind Mine, expected to add 0.1-0.2 million tons of production in 2026 and 0.5 million tons in 2027.
- Ramaco announced a fundamental technology breakthrough for processing critical minerals at its Brook Mine, which is expected to materially increase cash flow generation estimates.
- Ramaco Resources reported a net loss of $(14.7) million and Class A diluted EPS of $(0.26) for Q4 2025, and a net loss of $(51.4) million and Class A diluted EPS of $(0.99) for full-year 2025.
- The company ended 2025 with record liquidity of $521 million, a 275% increase year-over-year, after raising over $1 billion in new capital in the second half of the year.
- Ramaco is advancing its rare earth and critical minerals development with a new proprietary carbochlorination flowsheet, projected to significantly increase revenue and free cash flow, with a revised Preliminary Economic Assessment (PEA) expected by mid-2026 and a Pre-Feasibility Study (PFS) by late 2026.
- For 2026, the company forecasts annual metallurgical coal sales volumes between 4.1 and 4.5 million tons and production volumes between 3.7 and 4.1 million tons, with cash costs of sales anticipated to be between $95 and $100 per ton. Accelerated low-vol growth projects are expected to add 0.1-0.2 million tons in 2026 and 0.5 million tons in 2027.
- Faruqi & Faruqi, LLP is investigating Ramaco Resources (METC) for a federal securities class action, with a lead plaintiff deadline of March 31, 2026.
- The lawsuit alleges the company made false or misleading statements, specifically overstating development progress at its Brook Mine where no significant mining activity reportedly occurred after its July groundbreaking.
- Investors who acquired securities between July 31, 2025, and October 23, 2025, are encouraged to contact the firm.
- Following a Wolfpack Research report on October 23, 2025, alleging the Brook Mine was a "hoax," Ramaco's stock price fell 9.6% to $36.01 per share.
- Bragar Eagel & Squire, P.C. has announced a class action lawsuit against Ramaco Resources, Inc. (NASDAQ:METC), with a Class Period from July 31, 2025 to October 23, 2025.
- The complaint alleges that Ramaco Resources made materially false and misleading statements by failing to disclose that no significant mining activity or active work was occurring at its Brook Mine after groundbreaking, thus overstating development progress.
- These allegations followed an October 23, 2025 Wolfpack Research report calling the Brook Mine a "hoax," which led to Ramaco's stock price falling 9.6% to $36.01 per share on that day.
- The Lead Plaintiff Deadline for stockholders to petition the court is March 31, 2026.
- Bragar Eagel & Squire, P.C. announced a class action lawsuit against Ramaco Resources, Inc. (METC) for investors who purchased securities between July 31, 2025, and October 23, 2025.
- The lawsuit alleges Ramaco made materially false and/or misleading statements, failing to disclose that no significant mining activity or active work had commenced at the Brook Mine, thereby overstating its development progress.
- On October 23, 2025, following a Wolfpack Research report alleging the Brook Mine was a "hoax," Ramaco's stock price fell $3.81, or 9.6%, to $36.01 per share.
- Investors have until March 31, 2026, to apply to be appointed as lead plaintiff.
- Ramaco Resources' principal bank lender, KeyBank, N.A., amended the Company's existing Revolving Credit Agreement, increasing the overall commitments to $500 million (comprising a $350 million revolving commitment and a $150 million accordion feature) from the previous $200 million commitment with a $75 million accordion feature, and extending the maturity date from 2029 to 2030.
- This enhanced financial flexibility supports the company's long-term growth objectives, including disciplined growth in its metallurgical coal business, returning capital to shareholders, and advancing its Brook Mine critical mineral and rare earth development.
- This amendment is part of almost $1 billion of capital market and banking transactions by Ramaco since August 2025.
Quarterly earnings call transcripts for Ramaco Resources.
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