secwatch.observer — SEC 8-K summary
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Issuer:     Ramaco Resources, Inc. (METC)
CIK:        0001687187
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001558370-23-003160
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687187/000155837023003160/0001558370-23-003160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687187/000155837023003160/metc-20230308x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-003160

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