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Ramaco Resources Inc (METC)
NASDAQ:METC
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.29Last Year’s EPS
$0.6Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 3.78%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong operational quarter with record production and significant cost reductions. However, the decline in coal prices and closure of a mine due to market conditions presented challenges. Despite these challenges, the company remains positive about future growth and sales commitments.Company Guidance
During the third quarter of 2024 earnings call for Ramaco Resources, guidance highlighted several key metrics and strategic updates. The company managed to sustain operating margins amidst a 13% drop in Australian benchmark prices, thanks to an impressive 25% reduction in mine costs, which fell from $120 to $93 per ton. Record production and sales were achieved, with over 1 million tons sold in a quarter for the first time in company history. Despite a $15 per ton decline in U.S. met coal indices impacting EBITDA, cash margins remained at $34 per ton, or about 25%. Looking ahead, the company anticipates further operational improvements, projecting a year-end sales run rate exceeding 5 million tons, with normalized cash costs below $100 per ton. Growth initiatives are on track, including the full production of high-vol additions at the Elk Creek complex, the commissioning of the Maven low-vol prep plant, and the upcoming expansion at the Main Berwind mine. Additionally, the company reported total 2025 sales commitments of 2.7 million tons, with 1.6 million tons sold at an average fixed price of $152 per ton, amidst ongoing discussions for further domestic and international contracts.Strong Operational Performance
The third quarter was the strongest operational quarter for Ramaco Resources this year, with record production and sales, including over 1 million tons of quarterly sales for the first time in the company's history.
Significant Cost Reductions
Mine costs declined by over 25% from a March high of $120 to a September low of $93 per ton. Quarterly costs reduced from $118 per ton in Q1 to $102 per ton in Q3.
Production Growth and Cost Efficiency
Elk Creek complex reached full production at a 3 million ton per year rate, with operating costs reduced to levels not seen since late 2022.
Maben Prep Plant Commissioned
The Maben prep plant was completed on budget and ahead of schedule, reducing trucking costs by $40 per ton.
Strong Sales Commitments for 2025
Total sales commitments for 2025 reached 2.7 million tons, with 1.6 million tons sold at fixed prices of approximately $152 per ton.
Rare Earth and Critical Minerals Progress
Substantial progress in the rare earth and critical minerals business, with a technoeconomic report expected soon and plans for a processing facility in 2025.
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METC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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METC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $10.05 | $11.01 | +9.55% |
| Aug 07, 2024 | $11.26 | $12.73 | +13.06% |
| May 08, 2024 | $15.46 | $12.88 | -16.69% |
| Mar 07, 2024 | $18.47 | $20.03 | +8.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ramaco Resources Inc (METC) report earnings?
Ramaco Resources Inc (METC) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Ramaco Resources Inc (METC) earnings time?
Ramaco Resources Inc (METC) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is METC EPS forecast?
METC EPS forecast for the fiscal quarter 2024 (Q4) is $0.29.
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