Ramaco Resources — Third Quarter 2026 Earnings Summary

Ramaco Resources reported a net loss of $18.2 million for the third quarter of 2026, with diluted Class A earnings per share of $(0.32). The company achieved quarterly Adjusted EBITDA of $3.0 million and ended the period with $375 million in liquidity, a 38% increase year-over-year. Production volumes declined by 10% compared to the prior year due to the idling of higher-cost mines, while sales volumes rose 23% as the company reduced inventory. Additionally, the company secured a favorable $30 million jury verdict against Chubb Insurance regarding a 2018 coal storage silo failure and updated its full-year 2026 guidance to reflect higher cash costs and capital expenditures driven by inflationary pressures.