Ramaco Resources Inc (METC)
NASDAQ:METC
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Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.21Last Year’s EPS
-0.18Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive outlook driven by a materially stronger balance sheet (record liquidity up >275% YoY), best-in-class coal cost and margin performance, clear 2026 guidance with substantial sales coverage, and a potentially transformative carbochlorination flowsheet that raises expected product value and reduces certain capital/operating risks. Offsetting these positives are meaningful market headwinds in high-vol coking coal pricing, near-term logistics/shipment disruptions, a modest delay to critical-mineral pilot timing, and remaining uncertainty around final project CapEx and downstream separation capacity. On balance, the company appears well-positioned financially and operationally to capitalize on improving low-vol markets and to de-risk Brook Mine economics, while still facing execution and market timing risks.Company Guidance
Record Liquidity and Balance Sheet Strength
Ended Q4 with record liquidity of $521 million (up >275% YoY) and a net debt position of $11 million after raising roughly $1 billion in capital in H2 2025 (includes $65M unsecured notes, $200M equity underwriting, $345M convertible notes and an expanded $500M revolving credit facility).
Lowest Coal Costs in Four Years and Best-in-Class Margins
Company-wide cash cost per ton sold in Q4 was $92, the strongest quarterly cash-cost performance since Q4 2021; Elk Creek quarterly cost averaged $80/ton. Q4 cash margins were $24/ton (tied with Q1 as the strongest of 2025) and cash costs fell $5/ton sequentially while realized pricing fell $4/ton sequentially.
Solid Operational and Financial Quarterly Results
Q4 production was 892,000 tons (seasonal modest decline vs Q3). Adjusted EBITDA improved to $9 million in Q4 from $8 million in Q3 (+12.5% sequential), and Class A EPS loss narrowed to $0.22 from a $0.25 loss in Q3.
Strong 2026 Guidance and Sales Commitments
Initiated 2026 guidance: production 3.7–4.1 million tons (midpoint up vs 3.8M in 2025) and sales 4.1–4.5 million tons (vs 3.8M in 2025). Roughly 80% of 2026 production committed; sales commitments total 3.1M tons (1.1M domestic at an average fixed price of $142/ton; 2.0M export tons index-linked).
Advancing Low-Vol Growth Projects to Capture Improving Market
Board approved accelerating ~$20 million of growth CapEx into 2026 to pull forward low-vol capacity at Berwind and Maben: ~0.5M tons of incremental production in 2027 and ~100–200k tons incremental in 2026; Maben loadout expected to eliminate ~ $20/ton of incremental trucking cost once operational.
Carbochlorination Flowsheet Breakthrough for Brook Mine
Proprietary carbochlorination test work shows significantly higher recoveries (e.g., nearly all gallium volatilized in tests), lower capital and operating cost potential, reduced reliance on solvent extraction, and a materially improved product mix weighted toward high-purity gallium, high-purity alumina (HPA) and high-purity quartz (HPQ). Company filed provisional patents and expects a revised PEA by mid-2026 and a pre-feasibility study by year-end.
IP and Competitive Positioning in Critical Minerals
Company reports an extensive IP portfolio (over 70 patent pending applications, licenses and trademarks) and expects the new flowsheet and patents to materially derisk and differentiate Brook Mine as a unique unconventional source for high-value critical minerals targeted at semiconductor and advanced industries.
Capital Allocation and Expected 2026 Spending
2026 CapEx guidance of $85–90 million (up from $64M in 2025), including maintenance capital (~$10–11/ton of metallurgical coal), ~$20M growth CapEx for Berwind/Maben, and ~$20M allocated to rare earths/critical minerals development. Company anticipates net interest income in 2026 (vs net interest expense in 2025) due to large cash balance.
METC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
METC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $17.66 | $14.93 | -15.46% |
Oct 27, 2025 | $33.97 | $28.22 | -16.93% |
Jul 31, 2025 | $20.35 | $18.96 | -6.83% |
May 12, 2025 | $8.47 | $8.48 | +0.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ramaco Resources Inc (METC) report earnings?
Ramaco Resources Inc (METC) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Ramaco Resources Inc (METC) earnings time?
Ramaco Resources Inc (METC) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is METC EPS forecast?
METC EPS forecast for the fiscal quarter 2026 (Q1) is -0.21.