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Ramaco Resources Inc   (METC)
Other Ticker:  
 
    Sector  Energy    Industry Coal Mining
   Industry Coal Mining
   Sector  Energy
 
Price: $16.8300 $0.08 0.478%
Day's High: $17.13 Week Perf: -13.56 %
Day's Low: $ 16.51 30 Day Perf: -8.53 %
Volume (M): 2,585 52 Wk High: $ 22.70
Volume (M$): $ 43,497 52 Wk Avg: $12.15
Open: $16.69 52 Wk Low: $7.26



 Market Capitalization (Millions $) 801
 Shares Outstanding (Millions) 48
 Employees 268
 Revenues (TTM) (Millions $) 694
 Net Income (TTM) (Millions $) 82
 Cash Flow (TTM) (Millions $) 6
 Capital Exp. (TTM) (Millions $) 106

Ramaco Resources Inc

We are an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. We are a pure play metallurgical coal company with 252 million tons of high quality metallurgical coal reserves and advantaged geology leading to lower cash costs. Our near-term development portfolio includes four key assets: Elk Creek, Berwind, RAM Mine and Knox Creek.

We commenced initial production of metallurgical coal at our Elk Creek mining complex in late December 2016. During 2017, we developed and opened two deep mines and a surface mine at Elk Creek. Development production started at a third deep mine at Elk Creek in January 2018. Additionally, we constructed and activated the Elk Creek preparation plant and rail loadout facility in late October 2017. We also began development mining at our Berwind property in late 2017 and continued our purchase coal program which augments our sales. Our production for 2017 totaled 548 thousand clean tons of metallurgical coal.

On February 8, 2017, we completed the IPO of our common stock pursuant to a registration statement on Form S-1 (File 333-215363), as amended and declared effective by the SEC on February 2, 2017. Pursuant to the registration statement, we registered the sale of 6,000,000 shares of $0.01 par value common stock, which included 3,800,000 shares of common stock sold by the Company and 2,200,000 shares of common stock sold by the selling stockholders.

Metallurgical coal is used to make metallurgical coke, a key ingredient in the steel-making process. Coke is used as a fuel and a reducing agent in a blast furnace during the smelting of iron ore into iron before it is converted into steel. Demand for coking coal in the U.S. is limited by the number of coke batteries. Annual U.S. metallurgical coal consumption is approximately 16 to 21 million tons per year. Any supply in excess of what can be consumed domestically is exported to buyers in North America, Africa, Europe, South America and Asia.

Developing and Operating Our Metallurgical Coal Properties. We have a 252 million ton reserve base of high quality metallurgical coal and four long-lived projects under development. Our initial project, Elk Creek, commenced production in late December 2016 and produced 548 thousand clean tons of metallurgical coal during 2017. We also initiated development mining at our Berwind mine. We plan to operate these mines at their optimum productivities and complete development of our remaining projects. Overall, we plan to grow production to more than 4.0 million clean tons of metallurgical coal over the next four years. We may make acquisitions of reserves or infrastructure that continue our focus on advantaged geology and lower costs.

Enhancing Coal Purchase Opportunities. During 2017, we purchased 236 thousand clean ton equivalents from third party producers. After washing at one of our coal preparation plants, we sold this tonnage to customers on our own account. We plan to grow this capability in 2018. Purchased coal is complementary from a blending standpoint with our produced coals or it may also be sold as an independent product.

Being a Low-Cost U.S. Producer of Metallurgical Coal. Our reserve base presents advantaged geologic characteristics such as relatively thick coal seams at the deep mines, a low effective mining ratio at the surface mines, and desirable metallurgical coal quality. Furthermore, a majority of the coal seams being developed are accessible near, or above, drainage, thereby reducing up-front development costs. These characteristics contribute to a production profile that we believe will have a cash cost of production that is significantly below most U.S. metallurgical coal producers.

Maintaining a conservative capital structure and prudently managing the business for the long term. We are committed to maintaining a conservative capital structure with minimal debt that will afford us the financial flexibility to execute our business strategies on an ongoing basis.

Demonstrating Excellence in Safety and Environmental Stewardship. We are committed to complying with both regulatory and our own high standards for environmental and employee health and safety.



   Company Address: 250 West Main Street Lexington 40507 KY
   Company Phone Number: 244-7455   Stock Exchange / Ticker: 0 METC
   


Customers Net Income fell by METC's Customers Net Profit Margin fell to

-31.95 %

4.86 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ARLP   -0.85%    
BTU   -3.84%    
HNRG   -17.63%    
NC   -4.12%    
NRP   -3.97%    
ACI   -0.57%    
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Ramaco Resources Inc

2. Embracing Growth: Ramaco Resources Inc's Strategic Success in 2023

Ramaco Resources Inc (METC) recently released its year-end report for 2023, revealing a significant jump in profits and revenue compared to the previous year. The company's profits saw a 62.23% increase to $0.53 per share, while revenue grew by 49.919% to $202.73 million. Despite this impressive growth, Ramaco fell short of the revenue increase seen in the rest of the Coal Mining sector, which reported a 77.24% increase relative to the fourth quarter of 2022.
In comparison to the preceding reporting period, METC's earnings increased by a staggering 108.8% to $30.038 million. The company also highlighted its improving profit margins, with the net margin rising to 14.82% and operating margin edging up to 18.37%. Additionally, the decrease in inventories to $37.2 million and the buildup in accounts receivable to $96.9 million are strong indicators of future demand.

Personnel Announcements

Ramaco Resources Inc Appoints Dr. Alex Moyes as Director of Critical Minerals and Planning: A Bold Move towards Rare Earth Element Development and Sustainable Growth

Published Mon, Jan 22 2024 9:30 PM UTC

Ramaco Hires Director of Critical Minerals and Planning to Oversee Company's Rare Earth Element Development
Ramaco Resources Inc (NASDAQ: METC) has announced the appointment of Dr. Alex Moyes as the new director of Critical Minerals and Planning. With his extensive background in rare earth mining, geoscience, operations management, and data-driven production, Dr. Moyes b...

Ramaco Resources Inc

METC Records Remarkable Revenue Increase, Although EPS Shows Deterioration during Q3 of 2023 Earnings Season

In its latest financial report, Ramaco Resources Inc announced an income per share of $0.40 and revenue of $137.47 million for the period ending September 30, 2023. While the company saw its revenue rise by 36.546% in the comparable period, its income per share dropped by $0.40 compared to the previous year. This decline in income per share is concerning and raises doubts about the company's profitability.
The fact that Ramaco Resources Inc posted revenue improvement while the rest of the Coal Mining sector experienced a significant decline of -60.88% in top-line performance is unexpected. It suggests that Ramaco Resources Inc may be an outlier in the industry and raises questions about the sustainability of its revenue growth.

Ramaco Resources Inc

METC Faces Dismal Second Quarter as Earnings and Revenue Plummet



In the ever-evolving world of the stock market, it is vital for investors to stay informed about the financial performance of various companies. Ramaco Resources Inc (METC) recently released its financial results for the fiscal interval closing June 30, 2023, showing significant contractions in both earnings per share (EPS) and revenue. This article will delve into the noteworthy facts from the report, shedding light on the company's profitability and key financial indicators.
Earnings per Share and Revenue:
METC experienced a substantial decline in EPS, with a staggering drop of -77.03% to $0.17 compared to the previous fiscal period. This decline can be attributed to the decrease in revenue by -0.855% to $137.47 million year-on-year. In the preceding reporting season, EPS plummeted from $0.57 per share, highlighting a significant decrease, and revenue fell by -17.367% from $166.36 million.

Ramaco Resources Inc

Ramaco Resources Inc Reports Positive Q1 2023 Revenue Growth, But Productivity Concerns Remain

Ramaco Resources Inc has reported a revenue increase of 7.41% in the first quarter of 2023, which is a positive sign for the company. However, it is important to note that Ramaco's revenue per employee has grown on a trailing twelve months basis to $2,153,604, which is lower than 41 other companies in the Energy sector. This information indicates that there is room for improvement in the company's productivity.
Despite the revenue increase, Ramaco's overall ranking deteriorated compared to the previous quarter. This points towards the need for the company to take measures to improve its overall performance.






 

Ramaco Resources Inc's Segments
 
 
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  Revenue Outlook
Ramaco Resources Inc does not provide revenue guidance.

Earnings Outlook
Ramaco Resources Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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