See more : SecUR Credentials Limited (SECURCRED.NS) Income Statement Analysis – Financial Results
Complete financial analysis of Ramaco Resources, Inc. (METC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ramaco Resources, Inc., a leading company in the Coal industry within the Energy sector.
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Ramaco Resources, Inc. (METC)
About Ramaco Resources, Inc.
Ramaco Resources, Inc. produces and sells metallurgical coal. The company's development portfolio includes the Elk Creek project consisting of approximately 20,200 acres of controlled mineral and 16 seams located in southern West Virginia; the Berwind property comprising approximately 41,300 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 62,100 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,570 acres of controlled mineral, which is situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 693.52M | 565.69M | 283.39M | 168.92M | 230.21M | 227.57M | 61.04M | 5.22M | 0.00 | 0.00 |
| Cost of Revenue | 493.79M | 332.96M | 195.41M | 145.50M | 162.47M | 176.56M | 60.52M | 4.40M | 1.01M | 0.00 |
| Gross Profit | 199.73M | 232.73M | 87.98M | 23.41M | 67.74M | 51.02M | 515.14K | 818.94K | -1.01M | 0.00 |
| Gross Profit Ratio | 28.80% | 41.14% | 31.05% | 13.86% | 29.43% | 22.42% | 0.84% | 15.70% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.01M | 12.59M | 7.45M | 1.32M | 758.81K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 48.83M | 40.03M | 21.63M | 21.02M | 18.18M | 14.01M | 12.59M | 7.45M | 1.32M | 758.81K |
| Other Expenses | 55.66M | 42.31M | 26.82M | 21.48M | 20.03M | 2.52M | 203.97K | 897.28K | 1.01M | 1.01M |
| Operating Expenses | 104.49M | 82.34M | 48.45M | 42.51M | 38.21M | 26.92M | 16.41M | 8.35M | 2.33M | 1.77M |
| Cost & Expenses | 598.28M | 415.30M | 243.86M | 188.01M | 200.68M | 203.48M | 76.93M | 12.75M | 2.33M | 1.77M |
| Interest Income | 0.00 | 6.83M | 2.56M | 1.22M | 1.19M | 36.00K | 295.19K | 138.75K | 0.00 | 0.00 |
| Interest Expense | 8.90M | 6.83M | 2.56M | 1.22M | 1.19M | 1.46M | 22.84K | 124.12K | 2.00K | 622.00 |
| Depreciation & Amortization | 55.66M | 42.31M | 26.82M | 21.48M | 20.03M | 12.92M | 3.56M | 480.99K | 74.52K | 68.21K |
| EBITDA | 150.90M | 192.70M | 73.78M | 14.32M | 49.56M | 39.57M | -11.83M | -6.91M | -2.26M | -1.77M |
| EBITDA Ratio | 21.76% | 33.87% | 25.82% | 8.14% | 21.31% | 17.17% | -20.05% | -136.88% | 0.00% | 0.00% |
| Operating Income | 95.25M | 150.39M | 39.53M | -7.17M | 29.53M | 24.10M | -15.89M | -7.53M | -2.33M | -1.77M |
| Operating Income Ratio | 13.73% | 26.58% | 13.95% | -4.24% | 12.83% | 10.59% | -26.04% | -144.37% | 0.00% | 0.00% |
| Total Other Income/Expenses | 9.42M | -4.19M | 4.87M | 10.70M | 565.00K | 1.09M | 476.00K | 15.00K | -2.00K | -622.00 |
| Income Before Tax | 104.66M | 146.20M | 44.41M | -8.39M | 30.10M | 25.19M | -15.42M | -7.52M | -2.34M | -1.77M |
| Income Before Tax Ratio | 15.09% | 25.84% | 15.67% | -4.97% | 13.07% | 11.07% | -25.26% | -144.09% | 0.00% | 0.00% |
| Income Tax Expense | 22.35M | 30.15M | 4.65M | -3.48M | 5.16M | 113.00K | 226.81K | 138.75K | -74.52K | -68.21K |
| Net Income | 82.31M | 116.04M | 39.76M | -4.91M | 24.93M | 25.07M | -15.42M | -7.52M | -2.34M | -1.77M |
| Net Income Ratio | 11.87% | 20.51% | 14.03% | -2.91% | 10.83% | 11.02% | -25.26% | -144.09% | 0.00% | 0.00% |
| EPS | 1.64 | 2.63 | 0.90 | -0.12 | 0.61 | 0.63 | -0.41 | -0.19 | -0.06 | -0.05 |
| EPS Diluted | 1.84 | 2.60 | 0.90 | -0.12 | 0.61 | 0.62 | -0.41 | -0.19 | -0.06 | -0.04 |
| Weighted Avg Shares Out | 50.24M | 44.16M | 43.96M | 42.46M | 40.84M | 40.04M | 37.58M | 39.06M | 39.06M | 39.06M |
| Weighted Avg Shares Out (Dil) | 44.75M | 44.70M | 44.26M | 42.46M | 40.84M | 40.26M | 37.60M | 39.06M | 39.63M | 39.63M |
Ramaco Resources, Inc. to Release Fourth Quarter and Full Year 2023 Financial Results on Thursday, March 7, 2024 and Host Conference Call and Webcast on Friday, March 8, 2024
LEXINGTON, Ky. , March 6, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) will report fourth quarter and full year 2023 financial results on Thursday, March 7, 2024 after the close of the market.
Here is Why Growth Investors Should Buy Ramaco Resources (METC) Now
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CSG Systems International, Inc. (CSGS), Ramaco Resources, Inc. (METC), L3Harris Technologies, Inc. (LHX) and Universal Display Corporation (OLED) recently hiked their dividends.
Ramaco Resources, Inc. Provides Guidance Update on Fourth Quarter and Full Year 2023 Results
Increases Full-Year 2024 Guidance Announces Purchase of Prep Plant for Maben Mine Complex LEXINGTON, Ky. , Feb. 12, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company"), a leading operator and developer of high-quality, low-cost metallurgical coal,...
5 Stocks to Watch That Recently Announced Dividend Hikes
PACCAR Inc (PCAR), Church & Dwight Co., Inc. (CHD), Imperial Oil Limited (IMO), Ramaco Resources, Inc. (METC) and The Cigna Group (CI) recently hiked their dividends.
Ramaco Announces Hiring of Distinguished West Virginian as New General Counsel; First Quarter 2024 Class B Dividend Declared
LEXINGTON, Ky., Feb. 1, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") announced today it has hired Evan H. Jenkins, the former Chief Justice of the West Virginia Supreme Court, former two term U.S. Congressman,...
Ramaco: A Coal Mining Company That Happens To Have Significant Magnetic Rare Earth Deposits
China announced curbs on critical metal exports, including gallium and germanium, in retaliation for Western restrictions on the chip industry. China announced a ban on rare earth extraction and separation technologies on December 21, 2023. China's dominance in the rare...
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