---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-003160"
form_type: "8-K"
ticker: "METC"
cik: "0001687187"
company_name: "Ramaco Resources, Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:35:03.625627+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ramaco Resources reports record 2022 net income of $116M, Q4 EPS $0.32; guides 2023 to another record

## Summary
- Net income FY 2022 $116M ($2.60 EPS) vs $39.8M ($0.90 EPS) in 2021; Q4 2022 net income $14.4M ($0.32 EPS) vs $18.6M ($0.42 EPS) in Q4 2021.
- Adjusted EBITDA FY 2022 $204.6M (up 159% YoY); Q4 2022 $31.9M (flat vs $31.6M in Q4 2021).
- 2023 guidance: production 3.0-3.5M tons (21% increase), sales 3.2-3.7M tons, cash costs $97-103/ton, capex $60-80M (down 43%), expects record net income and Adjusted EBITDA.
- Berwind mine returned to production March 1, 2023 one month ahead of schedule; Elk Creek prep plant capacity expansion to 3M tons/yr in late April.
- KeyBank revolver increased to $175M in Feb 2023; logistics issues pushed 150K tons into Jan 2023.

## SEC filing metadata
- accession: 0001558370-23-003160
- form_type: 8-K
- ticker: METC
- cik: 0001687187
- company_name: Ramaco Resources, Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687187/000155837023003160/0001558370-23-003160-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687187/000155837023003160/metc-20230308x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-003160
- JSON: https://secwatch.observer/filing/0001558370-23-003160.json
- Plain text: https://secwatch.observer/filing/0001558370-23-003160.txt

## Key facts
- Earnings Releases
  Ramaco Resources, Inc. reported twelve-month period ended December 31, 2022 results: net income net income was $116.0 million or $2.60 per diluted share, EPS $2.60 per diluted share.
  - Period: twelve-month period ended December 31, 2022
  - Net income: net income was $116.0 million or $2.60 per diluted share
  - EPS: $2.60 per diluted share
  - Result: reported results
  source text: For the twelve-month period ended December 31, 2022, net income was $116.0 million or $2.60 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687187/000155837023003160/0001558370-23-003160-index.htm
- Earnings Releases
  Ramaco Resources, Inc. reported three months ended December 31, 2022 results: net income net income of $14.4 million, or $0.32 per diluted share, EPS $0.32 per diluted share.
  - Period: three months ended December 31, 2022
  - Net income: net income of $14.4 million, or $0.32 per diluted share
  - EPS: $0.32 per diluted share
  - Result: reported results
  source text: For the three months ended December 31, 2022, the Company reported net income of $14.4 million, or $0.32 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687187/000155837023003160/0001558370-23-003160-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.