secwatch.observer — SEC 8-K summary
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Issuer:     Ramaco Resources, Inc. (METC)
CIK:        0001687187
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001558370-23-013974
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687187/000155837023013974/0001558370-23-013974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687187/000155837023013974/metc-20230808x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013974

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer