Here are the 10-Q quarterly reports from Ramaco Resources, Inc. 8.375% Senior Notes due 2029 (METCZ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow METCZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full METCZ filings page.
Ramaco Resources, Inc. (METC), a metallurgical coal operator also exploring rare earths and critical minerals, reported third-quarter 2026 revenue of $150.1 million, compared with $121.0 million a year earlier. Net loss was $18.2 million versus $13.3 million, and operating loss was $21.1 million versus $14.5 million. For the first nine months, revenue was $416.5 million versus $408.6 million and net loss was $52.0 million versus $36.7 million.
Operating activities used $34.4 million of cash in the first nine months, versus $20.3 million provided a year earlier; cash and cash equivalents were $233.0 million at September 30, 2026. Ramaco repurchased 4,558,404 shares in the first nine months at an average price of $14.46 per share, including commissions and other repurchase costs, under its $100 million stock repurchase program. No shares were repurchased in the third quarter.
Third-quarter Segment Adjusted EBITDA was $12.1 million for Metallurgical Coal and a $5.9 million loss for Rare Earths and Critical Minerals; the latter segment recorded no revenue.
Ramaco Resources reports a wider net loss for the quarter ended March 31, 2026 as metallurgical coal markets softened. Revenue was $121.6 million, down from $134.7 million a year earlier, on 892,000 tons sold versus 946,000 tons. Net loss increased to $18.3 million, with Class A basic EPS of $(0.30) and Class B basic EPS of $(0.15). Adjusted EBITDA turned slightly negative at $(1.8) million compared with $9.8 million in 2025 as pricing and volumes declined and SG&A rose. The company ended the quarter with $355.2 million in cash and cash equivalents and total debt of $452.1 million, including senior and convertible notes, and no borrowings on its $350 million revolving credit facility. Ramaco invested in its Brook Mine rare earths and critical minerals project, which remains in the exploration stage and has not yet generated revenue, and recorded a $2.6 million Section 45X tax credit tied to metallurgical coal production.