RAMACO RESOURCES REPORTS FOURTH QUARTER AND FULL-YEAR 2022 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., March 8, 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 and twelve months ended December 31, 2022.FOURTH QUARTER 2022 HIGHLIGHTS(all comparisons are versus the prior-year period unless otherwise noted):Net income of $14.4 million (diluted EPS of $0.32) compared to $18.6 million (diluted EPS of $0.42) in fourth quarter of 2021. Adjusted EBITDA was $31.9 million, up modestly compared to $31.6 million in the fourth quarter of 2021.Compared to expectations set in early December 2022, the Company's net income and Adjusted EBITDA were affected by extreme cold temperatures that caused approximately 150,000 tons of shipments to be pushed into January 2023 due to negative rail and port performance, as well as a 50% drop during December 2022 in API2 index pricing on a large seaborne met coal sale for thermal
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METC
News
- 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
- Ramaco Resources, Inc. (NASDAQ:METC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
METC
Earnings
- 3/7/24 - Miss
METC
Sec Filings
- 3/14/24 - Form 10-K
- 3/7/24 - Form 8-K
- 3/4/24 - Form 4
- METC's page on the SEC website