Brief: Ramaco Resources Q1 Earnings Per Share $0.17

Ramaco Resources

07/05/2019 23:14

May 7 (Reuters) - Ramaco Resources Inc  METC.O :
    * RAMACO RESOURCES, INC. REPORTS FIRST QUARTER 2019
FINANCIAL
RESULTS
    * Q1 EARNINGS PER SHARE $0.17
    * Q1 EARNINGS PER SHARE ESTIMATE $0.21 -- REFINITIV IBES
DATA
    * Q1 REVENUE $57.5 MILLION
    * NOW ON TRACK TO ACHIEVE RECORD QUARTERLY ADJUSTED EBITDA
IN Q2
OF 2019.
    * ON TRACK TO ACHIEVE RECORD QUARTERLY ADJUSTED EBITDA IN Q2
OF
2019.
    * ELK CREEK PREP PLANT IS EXPECTED TO BE FULLY OPERATIONAL
BEFORE
END OF Q2 OF 2019
    * NOW EXPECT 2019 CASH COSTS AT ELK CREEK OF $63-$67 PER TON
LOWERED FROM PRIOR GUIDANCE OF $63-$69 PER TON
    * EXPECT 2019 CASH COSTS AT ELK CREEK OF $63-$67 PER TON
LOWERED
FROM PRIOR GUIDANCE OF $63-$69 PER TON.
    * COMPANY PRODUCTION OF 478,000 TONS IN Q1 OF 2019 WAS UP
16% FROM
Q4 OF 2018
    * IN 2019 WE STILL EXPECT TO MINE APPROXIMATELY 250,000 TONS
AT
BERWIND IN THINNER POCAHONTAS #3 SEAM
    * HOPE TO REACH A 2.5 MILLION TON ANNUAL PRODUCTION RATE IN
2020
    * 2019 CAPITAL EXPENDITURE GUIDANCE OF $35 MILLION TO $40
MILLION

Source text for Eikon:  ID:nPnbNRtWqa 
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