---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-013974"
form_type: "8-K"
ticker: "METC"
cik: "0001687187"
company_name: "Ramaco Resources, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:16:38.167537+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ramaco Q2 net income $7.6M, down 70% QoQ; REE target up 50%, guidance cut

## Summary
- Net income $7.6M ($0.17 EPS) vs Q1 $25.3M ($0.57); Adjusted EBITDA $30M, down 38% from Q1.
- Revenue $137.5M, down 17% QoQ; sales 715K tons, hit by 85K-ton rail delay (NS/CSX).
- REE exploration target raised to 0.9–1.2M tons TREOs (up 50%); $2.5M approved for development mining.
- Dividends: $0.125/share Class A, $0.165/share Class B (first METCB dividend).
- 2023 guidance: prod. 3.0–3.5M tons (prev. 3.1–3.6M), cash costs $102–108/ton (prev. $97–103), capex $60–70M.

## SEC filing metadata
- accession: 0001558370-23-013974
- form_type: 8-K
- ticker: METC
- cik: 0001687187
- company_name: Ramaco Resources, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1687187/000155837023013974/0001558370-23-013974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687187/000155837023013974/metc-20230808x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-013974
- JSON: https://secwatch.observer/filing/0001558370-23-013974.json
- Plain text: https://secwatch.observer/filing/0001558370-23-013974.txt

## Key facts
- Earnings Releases
  Ramaco Resources, Inc. reported the three months and six months ended June 30, 2023 results: net income net income of $7.6 million (diluted EPS of $0.17), EPS diluted EPS of $0.17.
  - Period: the three months and six months ended June 30, 2023
  - Net income: net income of $7.6 million (diluted EPS of $0.17)
  - EPS: diluted EPS of $0.17
  - Result: reported results
  source text: On August 8, 2023, Ramaco Resources, Inc. (the “Company”) issued a press release reporting its financial and operating results for the second quarter of 2023 (the “Earnings Release”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687187/000155837023013974/0001558370-23-013974-index.htm

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