Ramaco Resources (METC)
NASDAQ:METC
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.2Last Year’s EPS
-0.29Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed but cautiously constructive picture. Material positives include a very strong liquidity position (~$490M, +310% YoY), active share repurchases (~5% of shares), sustained low cash costs ($98/ton, first quartile), concrete low-vol growth projects (Berwind/Maben/Laurel) and meaningful progress on the Brook Mine rare earth program (Hatch/Weir studies, pilot plant timeline, IP development). Offsetting these are near-term headwinds: negative adjusted EBITDA, wider EPS losses, compressed realized pricing and margins, elevated fuel and supply costs (notably diesel and tungsten), and execution timing risks due to lab backlogs and rail/weather disruptions. Management’s strategic responses (reorganization, in-house lab, pilot build, disciplined contracting and inventory cushion) provide optionality to navigate weakness and capture upside if coal and rare-earth markets improve.Company Guidance
Strong Liquidity and Share Repurchases
Ended Q1 with $490 million in liquidity (up ~310% YoY). Repurchased ~2.5–2.6 million Class A shares year-to-date at an average price of ~$14.50 (~$37 million), representing about 5% of outstanding stock; $63 million of buyback capacity remains under the $100 million authorization.
Tight Cost Control — Low Cash Costs
Q1 cash costs were $98 per ton (third consecutive quarter under $100/ton) and remain in the first quartile of the U.S. Central Appalachian cash cost curve, providing operational optionality despite market headwinds.
Operational Safety Improvement
2026 year-to-date safety and compliance metrics improved ~250% versus the same period in 2025, aiding productivity and lower-cost operations.
Contracted Sales Position
Secured commitments for 3.5 million tons (about 90% of planned 2026 production at midpoint). Domestic commitments: 1.1 million tons at an average fixed price of $138/ton. Export commitments: 2.4 million tons (1.0 million tons fixed at $107/ton; 1.4 million tons index-linked).
Inventory Cushion and Near-Term Shipments
Over 1.0 million tons in inventory as of March 31 (provides working capital tailwind). Q2 shipments guided above Q1: 900k–1.0M tons expected; Q2 committed seaborne mix expected 70–75% of volumes.
Low-Vol Growth Projects and Cost Savings
Restarted Laurel Fork and adding a third section to Berwind this summer; projects expected to contribute ~100k–200k tons in 2026 and ~0.5 million tons in 2027. Maben unit train loadout under construction expected to save ~ $20/ton on trucking costs and enable future 1.5M-ton deep mine option.
Brook Mine Critical Minerals Progress and IP
Advancing Carbochlorination flow sheet with Hatch (revised conceptual study expected late June) and Weir (technical report thereafter). Pilot plant building foundation complete; equipment install planned fall; pilot operations expected 2027. Internal geometallurgical lab being built to accelerate testing. Patent-pending process and IP strategy underway.
Corporate Reorganization to Unlock Value
Legal and accounting steps taken to form separate entities—Ramaco Royalty (reserves/infrastructure/IP), Ramaco Critical Mineral Resources (western mining/sales), and Ramaco Refining (carbochlorination/refining)—intended to increase operational/financial flexibility and potentially unlock valuation.
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 |
|---|---|---|---|
May 11, 2026 | $15.17 | $16.51 | +8.83% |
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% |
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 (METC) report earnings?
Ramaco Resources (METC) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Ramaco Resources (METC) earnings time?
Ramaco Resources (METC) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
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 (Q2) is -0.2.