Ramaco Resources (NASDAQ:METC) Releases Earnings Results, Hits Expectations

Ramaco Resources (NASDAQ:METC) released its quarterly earnings data on Wednesday. The energy company reported ($0.26) earnings per share for the quarter, meeting the consensus estimate of ($0.26), Zacks reports. Ramaco Resources had a negative return on equity of 12.80% and a negative net margin of 11.98%.The business had revenue of $122.32 million for the quarter, compared to analysts’ expectations of $133.11 million.

Here are the key takeaways from Ramaco Resources’ conference call:

• Brook Mine’s Hatch conceptual study projects substantial potential, with estimated NPV of roughly $3.4 billion to $8 billion and adjusted EBITDA of $600 million to $1.3 billion. However, the project remains pre-feasibility, with higher capital costs and a longer timeline than previously estimated, while financing and offtake agreements are still being developed.
• Ramaco is shifting its met coal portfolio toward stronger low-vol markets, approving a $25 million Maben expansion expected to add approximately 600,000 tons of annual production by the end of 2027. Combined with Berwind growth, low-vol coal could reach about 50% of the company’s production slate and deliver materially higher margins than current company-wide levels.
• Weak high-vol coal markets, elevated diesel costs and reduced production led Ramaco to lower 2026 production guidance to 3.6–3.9 million tons and sales guidance to 4.0–4.3 million tons. Second-quarter adjusted EBITDA fell to $6 million from $9 million a year earlier, while cash margins declined to $17 per ton from $20.
• The company ended the quarter with more than $400 million of liquidity after repurchasing about $66 million of stock, reducing Class A shares outstanding by roughly 8%. This liquidity provides flexibility to fund both coal growth and Brook Mine development, although management said it will balance further buybacks against capital needs.

Ramaco Resources Price Performance

Shares of NASDAQ:METC traded up $0.52 during trading on Friday, reaching $10.11. 617,697 shares of the company traded hands, compared to its average volume of 2,051,921. The company’s 50 day moving average is $12.81 and its two-hundred day moving average is $14.90. The firm has a market capitalization of $658.97 million, a PE ratio of -9.44 and a beta of 1.37. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. Ramaco Resources has a 52 week low of $8.56 and a 52 week high of $57.80.

Key Stories Impacting Ramaco Resources

Here are the key news stories impacting Ramaco Resources this week:

• Positive Sentiment: Benchmark Co. maintained a “buy” rating while lowering its price target from $38 to $26. The revised target still implies substantial upside from recent trading levels, signaling that the firm views the selloff as excessive. Benchmark price target report
• Neutral Sentiment: Ramaco Resources’ second-quarter earnings call and presentation provided investors with management’s discussion of the latest results and outlook, but the supplied reports do not identify a specific new catalyst. Q2 2026 earnings call transcript
• Negative Sentiment: Northland Securities reduced its Q3 2026 EPS estimate to a loss of $0.32 from a loss of $0.12, cut its Q4 estimate to a loss of $0.04 from projected earnings of $0.03, and lowered its FY2026 forecast to a loss of $0.97 from a loss of $0.73. Its FY2027 estimate also edged down to $0.12 from $0.13. The revisions point to weaker near-term profitability. Northland Securities estimate changes
• Negative Sentiment: Goldman Sachs lowered its price target from $13 to $11 and kept a “neutral” rating, reflecting limited expected upside and continued uncertainty around the company’s earnings outlook. Goldman Sachs price target report
• Negative Sentiment: Lowey Dannenberg was appointed co-lead counsel in a securities class-action lawsuit alleging federal securities-law violations by Ramaco. The litigation creates additional legal, financial and reputational risk for shareholders. Ramaco securities lawsuit announcement
• Negative Sentiment: Ramaco’s latest quarter produced a loss of $0.26 per share, in line with estimates, but revenue of $122.3 million missed the $133.1 million consensus forecast. The company also reported negative net margin and return on equity, reinforcing concerns about operating performance.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on METC shares. B. Riley Financial lowered their target price on Ramaco Resources from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Robert W. Baird set a $13.00 target price on Ramaco Resources in a research note on Thursday. Benchmark lowered their price objective on shares of Ramaco Resources from $38.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group lowered their target price on Ramaco Resources from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ramaco Resources in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.71.

Institutional Investors Weigh In On Ramaco Resources

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Ramaco Resources by 14,250.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,722 shares of the energy company’s stock worth $31,000 after buying an additional 1,710 shares during the last quarter. Allworth Financial LP grew its stake in Ramaco Resources by 3,603.6% in the 3rd quarter. Allworth Financial LP now owns 1,037 shares of the energy company’s stock valued at $34,000 after purchasing an additional 1,009 shares during the period. Advisory Services Network LLC purchased a new stake in Ramaco Resources in the 3rd quarter worth about $38,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Ramaco Resources by 51.4% during the fourth quarter. Russell Investments Group Ltd. now owns 3,917 shares of the energy company’s stock worth $71,000 after acquiring an additional 1,330 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.

About Ramaco Resources

Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.