Quarterly ResultMay 11, 2026, 04:14 PM
Ramaco Resources Q1 Net Loss $(18.3)M; Declares Class B Stock Dividend
AI Summary
Ramaco Resources reported a net loss of $(18.3) million and negative Adjusted EBITDA of $(1.8) million for the first quarter of 2026. Despite the financial losses, the company declared a stock dividend of $0.1369 per share for Class B common stock and repurchased $37 million of Class A common shares. Liquidity significantly increased by 313% year-over-year to $488.8 million, supporting ongoing investments in its rare earth and critical minerals project and low-vol metallurgical coal growth initiatives, with an anticipation of rising coal prices in the second half of 2026.
Key Highlights
- Reported Q1 2026 net loss of $(18.3) million, a 94% increase from Q1 2025.
- Adjusted EBITDA for Q1 2026 was $(1.8) million, down 118% from Q1 2025.
- Declared a stock dividend of $0.1369 per share of Class B common stock.
- Repurchased $37 million (2.5 million shares) of Class A common stock.
- Liquidity increased 313% year-over-year to $488.8 million as of March 31, 2026.
- Q1 2026 total tons sold were 892,000, down 6% from Q1 2025.
- Non-GAAP cash mine cost per ton sold was $98, consistent with Q1 2025.
- Cash margins declined 33% year-over-year to $16 per ton.