Ramaco Resources, Inc. (METC) Form 10-Q — Aug 5, 2026
Ramaco Resources reported Q2 2026 revenue of $144.8 million, down 5.3% from $153.0 million a year earlier, with the net loss widening to $15.4 million from $14.0 million. Adjusted EBITDA fell to $5.7 million from $9.0 million as metallurgical coal markets stayed soft. Coal pricing remains the core problem: revenue per ton sold slipped to $137 from $142 amid Chinese steel oversupply, and management guided full-year 2026 production to 3.6-3.9 million tons while cautioning that prices should remain volatile near term.
Key figures
- Eps
- -$0.26 Class A basic/diluted (Q2 2026); -$0.56 Class A (H1 2026)
- Revenue
- 144799000
- Total Debt
- 452810000
- Revenue Yoy
- -5.3% Q2 YoY; -7.4% six-month YoY
- Total Assets
- 1024678000
- Cash Position
- 282535000
- Shares Outstanding
- 51,875,261 Class A and 11,512,978 Class B as of August 4, 2026
- Tons Sold H1
- 1948000
- Tons Sold Q2
- 1056000
- Buyback Shares H1
- 4558404
- Revenue Per Ton Q2
- $137 vs $142 prior year
- Adjusted Ebitda H1
- 3911000
- Adjusted Ebitda Q2
- 5704000
- Buyback Program Size
- $100 million over 24 months authorized December 2025
- Revolver Commitment
- 350000000
- Buyback Average Price
- 14.46
- Revolver Borrowing Base
- 117600000
- Production Guidance2026
- 3.6 to 3.9 million tons
- Adjusted Ebitda H1 Prior Year
- 18794000
- Adjusted Ebitda Q2 Prior Year
- 9005000
- Convertible Notes Principal
- 345000000
- Convertible Conversion Price
- approximately $32.74 per Class A share
- H1 Operating Cash Flow Prior Year
- 21779000
- Subsequent Class BStock Dividend
- $0.1535 per share declared August 4, 2026
- Segment Adjusted Ebitda Met Coal Q2
- 14537000
Price after filing
Close on the filing date to close N calendar days later (from $8.90). Historical, not a forecast.
AI analysis
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