Ramaco Resources
Logotype for Ramaco Resources Inc

Ramaco Resources (METC) investor relations material

Ramaco Resources Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Ramaco Resources Inc
Q4 2025 earnings summary26 Feb, 2026

Executive summary

  • Achieved $537 million in 2025 revenue, 3.8 million tons in sales, and Adjusted EBITDA of $36 million, with net debt at $11 million year-end.

  • Maintained lowest met coal costs since Q4 2021, with FY25 cash costs at $98/ton and Q4 at $92/ton, supporting strong cash margins despite a 17% decline in coal indices.

  • Achieved record liquidity of $521 million at year-end 2025, up over 275% year-over-year, marking the strongest balance sheet in company history.

  • Advanced proprietary carbochlorination technology for rare earth extraction, reducing capital and operating costs, and increasing product value, with pilot plant construction underway at Brook Mine.

  • Transitioning to a dual platform with growth in both metallurgical coal and rare earth/critical minerals, attracting significant government and industry attention.

Financial highlights

  • Q4 2025 cash costs per ton sold were $92, the lowest in four years; full-year cash mine cost was $98 per ton, down $7 from 2024.

  • Q4 Adjusted EBITDA was $8.9 million, with full-year Adjusted EBITDA at $36.1 million; Q4 net loss was $14.7 million, and full-year net loss was $51.4 million.

  • Liquidity reached $521 million at year-end, with net debt at $11 million.

  • Raised over $1 billion in 2025 through unsecured notes, equity, convertible notes, and expanded revolving credit facility to $500 million.

  • Q4 production was 892,000 tons, with full-year production at 3.83 million tons.

Outlook and guidance

  • 2026 production guidance: 3.7–4.1 million tons; sales guidance: 4.1–4.5 million tons, with potential to reach nearly 5 million tons depending on market conditions.

  • 2026 cash cost per ton expected at $95–$100, targeting a third consecutive year of cost reductions.

  • Capital expenditures for 2026 projected at $85–$90 million, including $20 million each for rare earths and coal growth projects.

  • 2026 sales commitments total 3.1 million tons, with 1.1 million tons to North America at $142/ton and 2.0 million export tons at index-linked pricing.

  • Effective tax rate guidance of 20–25% for 2026.

New flowsheet: How does it de-risk the project?
Rationale for accelerating low-vol met coal growth
Sources of 2025's $1B+ capital raise
Brook Mine: New product mix impact on value?
Maben loadout: Strategic benefits and timing?
Corporate reorganization: Rationale and goals?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Ramaco Resources earnings date

Logotype for Ramaco Resources Inc
Q1 202611 May, 2026
Ramaco Resources
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Ramaco Resources earnings date

Logotype for Ramaco Resources Inc
Q1 202611 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Ramaco Resources, Inc. is a metallurgical coal company engaged in the production and sale of high-quality metallurgical coal, which is primarily used in steelmaking. The company operates multiple coal mines in the United States, focusing on mining and developing coal reserves. Its operations include coal production, processing, and transportation to serve both domestic and international customers in the steel manufacturing industry. Ramaco Resources is also involved in research and innovation to develop alternative uses for coal products. The company is headquartered in Lexington, United States, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage