RAMACO RESOURCES REPORTS FIRST QUARTER 2023 RESULTS
Ramaco Resources, Inc. (METC)
Last ramaco resources, inc. earnings: 2/20 04:59 pm
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US:NASDAQ Investor Relations:
ramacoresources.com/contact-us/investor-relations
Company Research
Source: PR Newswire
LEXINGTON, Ky., May 3, 2023 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, "Ramaco" or the "Company"), a leading operator and developer of high-quality, low-cost metallurgical coal, today reported financial results for the three months ended March 31, 2023.FIRST QUARTER 2023 HIGHLIGHTSThe Company had net income of $25.3 million (diluted EPS of $0.57) compared to $14.4 million (diluted EPS of $0.32) in the fourth quarter of 2022. Adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, and equity-based compensation ("Adjusted EBITDA"), a non-GAAP measure, was $48.3 million for the three months ended March 31, 2023. This compared to $31.9 million of Adjusted EBITDA for the three months ended December 31, 2022. First quarter Adjusted EBITDA and net income were negatively affected by $3 million and $2 million respectively from the Berwind mine idle costs. (See "Reconciliation of Non-GAAP Measure" below.)The Company stated that 2.7 millio
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News
- Returns At Ramaco Resources (NASDAQ:METC) Are On The Way Up [Yahoo! Finance]Yahoo! Finance
- Ramaco Resources, Inc. (NASDAQ: METC) had its price target lowered by analysts at B. Riley from $25.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Those who invested in Ramaco Resources (NASDAQ:METC) three years ago are up 375% [Yahoo! Finance]Yahoo! Finance
- Ramaco Resources, Inc. (NASDAQ:METC) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap? [Yahoo! Finance]Yahoo! Finance
- Ramaco Resources: The Latest Report Still Does Not Impress [Seeking Alpha]Seeking Alpha
METC
Earnings
- 3/7/24 - Miss
METC
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- METC's page on the SEC website