Ramaco Resources Q2 revenue, EBITDA beat analyst estimates

Ramaco Resources

04/08/2026 21:50

Overview
U.S. metallurgical coal miner's Q2 revenue beat analyst expectations
Adjusted EBITDA for Q2 beat consensus
Company repurchased 3.5 mln Class A shares in Q2, over 8% of outstanding

Outlook
Ramaco Resources lowers full-year 2026 production guidance to 3.6–3.9 mln tons from 3.7–4.1 mln
Company reduces full-year 2026 sales guidance to 4.0–4.3 mln tons from 4.1–4.5 mln
Ramaco maintains midpoint of full-year 2026 cash cost per ton sold guidance at $96–$99

Result Drivers
PRODUCTION DISCIPLINE - Co said lower production was due to idling higher-cost metallurgical coal in response to weak market conditions
LOWER CASH COSTS - Co achieved fourth consecutive quarter of sub-$100 per ton cash mine costs, citing operational discipline
FAVORABLE LOW-VOL PRICING - Higher percentage of shipments linked to low-vol indices supported realized pricing

Company press release: ID:nPnYQVZ5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$144.80 mln
$133.72 mln (7 Analysts)
Q2 Loss Per Share
 
$0.26
 
Q2 Net Loss
 
$15.40 mln
 
Q2 Adjusted EBITDA
Beat
$5.70 mln
$5.58 mln (7 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy"
Wall Street's median 12-month price target for Ramaco Resources Inc is $22.00, about 147.2% above its August 3 closing price of $8.90

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)