Earnings Releases·Nov 3, 2026, 4:01 PM ET

Ramaco Resources — Third Quarter 2026 Earnings Summary

Reported Q3 2026 net loss of $18.2 million ($0.32 diluted EPS) and Adjusted EBITDA of $3.0 million, a 64% year-over-year decline, despite revenue rising 24% to $150.1 million.
Refined 2026 guidance downward for production (3.5–3.6 million tons) and sales (4.0–4.1 million tons) while increasing cash cost ($101–$103/ton) and capital expenditure ($97–$102 million) estimates due to inflationary pressures.
Secured $30 million favorable jury verdict against Chubb Insurance regarding the 2018 Elk Creek silo failure and declared a Q4 2026 Class B dividend of $0.0742 per share.
Advanced strategic initiatives with 1.7 million tons of 2027 domestic sales commitments signed at $139/ton, new low-vol mine sections expected online before year-end, and critical mineral pilot plant completion anticipated in late 2027.
Liquidity position strengthened to $375 million with zero borrowings on the credit facility, while inventory levels remain elevated at 900,000 tons ahead of anticipated Q4 working capital benefits.