Monitor 2026 quarterly results to confirm if the company can achieve its guidance for production growth and cost reduction. The success of the new rare earth processing technology and its impact on future cash flows will be critical for long-term valuation. The stock may react positively if coal prices remain stable and the company executes on its growth projects.
Price Chart
Executive Summary
Ramaco Resources reported a net loss for 2025 due to lower metallurgical coal prices, but demonstrated strong cost control with a $92/ton cash cost in Q4, the lowest in four years. The company secured $521 million in liquidity and announced a breakthrough in rare earth processing technology expected to increase future cash flow. It also provided 2026 guidance for increased production and lower costs, anticipating earnings growth if coal prices remain stable.
Key Financial Metrics
Key Facts
- Reported net loss of $51.4 million for full-year 2025, with revenue down 19% year-over-year to $536.6 million
- Achieved record liquidity of $521 million, up over 275% year-over-year, after raising over $1 billion in capital
- Announced a proprietary carbochlorination process for rare earth extraction expected to materially increase future revenue and cash flow
- Guided for 2026 sales volumes of 4.1-4.5 million tons and cash costs of $95-100/ton, projecting sixth consecutive year of production growth
- Fourth quarter cash margins of $24/ton were the strongest of 2025 despite a 17% decline in coal indices
Financial Impact
Full-year 2025 revenue of $536.6 million (down 19% YoY) with a net loss of $51.4 million; 2026 guidance projects revenue growth to $482-522 million based on 4.1-4.5 million tons sold at current pricing
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Metallurgical Coal | $536.6M | -19.4% |
Risk Factors
- Metallurgical coal revenue declined significantly in 2025 due to weak pricing, and future earnings depend on sustained price recovery
- The rare earth processing technology breakthrough is still in development, with a revised PEA expected mid-year and PFS by late 2026, creating execution and timeline risk
- The company has significant capital expenditures planned for 2026 ($85-90 million) which could pressure cash flow if coal prices weaken
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-019698 |
| Document: metc-20260225x8k.htm | 0001104659-26-019698 |
| Document: 0001104659-26-019698-index-headers.html | 0001104659-26-019698 |
| Document: 0001104659-26-019698-index.html | 0001104659-26-019698 |
| Document: 0001104659-26-019698.txt | 0001104659-26-019698 |
| CONTEXT: Previous Earnings (2026-02-25) | 0001104659-26-019698 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 28, 2026 29d ago | 8-K | $8.98 $6.91 | ▼ −23.05% | ▼ −23.02% | $7.62 (−15.14%) |
Sep 10, 2026 6w ago | 8-K | $11.45 $8.49 | ▼ −25.85% | ▼ −27.98% | $7.62 (−33.45%) |
Sep 4, 2026 7w ago | 8-K | $13.20 $8.00 | ▼ −39.43% | ▼ −40.03% | $7.62 (−42.27%) |
Aug 20, 2026 9w ago | 8-K | $11.15 $9.22 | ▼ −17.27% | ▼ −17.27% | $7.62 (−31.63%) |
Aug 10, 2026 11w ago | 3 | $10.21 $12.28 | ▲ +20.27% | ▲ +21.33% | $7.62 (−25.37%) |
Jun 15, 2026 19w ago | 8-K | $14.67 $12.63 | ▼ −13.91% | ▼ −13.16% | $7.62 (−48.06%) |
Jun 11, 2026 19w ago | Institutional Cluster | $14.87 $12.48 | ▼ −16.07% | ▼ −17.96% | $7.62 (−48.76%) |
Jun 10, 2026 19w ago | Insider Cluster | $14.87 $12.48 | ▼ −16.07% | ▼ −17.96% | $7.62 (−48.76%) |
Mar 26, 2026 30w ago | Insider Cluster | $13.97 $13.79 | ▲ +1.29% | ▲ +11.95% | $7.62 (+45.45%) |
Mar 24, 2026 31w ago | Insider Cluster | $14.29 $14.92 | ▼ −4.41% | ▲ +4.49% | $7.62 (+46.68%) |
US Market Status
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