Ramaco Q2 Revenue, EBITDA Beat; Guidance Cut on Weak Coal Market
METC sits 17% above its 52-week low of $8.56 on elevated volume (2.3× avg).
Summary
Ramaco Resources posted Q2 revenue of $144.8M, beating the $133.7M consensus, and adjusted EBITDA of $5.7M, edging past the $5.6M estimate. The company also repurchased 3.5M shares in the quarter, over 8% of outstanding, signaling confidence despite a net loss of $15.4M. However, full-year production and sales guidance were trimmed to 3.6–3.9M tons and 4.0–4.3M tons, respectively, as weak metallurgical coal prices forced idling of higher-cost output. Cash costs remained below $100/ton for the fourth straight quarter, and a shift toward low-vol index-linked shipments supported pricing. This follows a Q1 loss and a $37M buyback program, with the Brook Mine rare earth project recently downgraded to exploration stage. The beats and aggressive buyback are positive, but the guidance cut reflects ongoing market headwinds.
At the time of this announcement, METC was trading at $10.05 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $604.5M. The 52-week trading range was $8.56 to $57.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.