---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-018000"
form_type: "8-K"
ticker: "METC"
cik: "0001687187"
company_name: "Ramaco Resources, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T16:08:14.019711+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ramaco Resources Q3 net income $19.5M, Adjusted EBITDA $45.4M; raises 2023 shipment guidance

## Summary
- Net income $19.5M (Adjusted EPS $0.45) vs $7.6M in Q2; Adjusted EBITDA $45.4M, up 51% QoQ.
- Shipped 996,000 tons (up 39% QoQ); full-year shipment guidance raised to 3.25-3.5M tons.
- Repaid $10M debt in Q3; expects total debt ~$50M by year-end, down from $127M at end of 2022.
- Company produced cash costs $114/ton; FY 2023 cash cost guidance raised to $108-$112/ton.
- Committed 1.3M tons for 2024 at avg $167/ton; Brook Mine development begun for rare earth testing.

## SEC filing metadata
- accession: 0001558370-23-018000
- form_type: 8-K
- ticker: METC
- cik: 0001687187
- company_name: Ramaco Resources, Inc.
- filed_at: 2023-11-07T23:59:59+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/1687187/000155837023018000/0001558370-23-018000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687187/000155837023018000/metc-20231107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-018000
- JSON: https://secwatch.observer/filing/0001558370-23-018000.json
- Plain text: https://secwatch.observer/filing/0001558370-23-018000.txt

## Key facts
- Earnings Releases
  Ramaco Resources, Inc. reported financial results for third quarter of 2023.
  - Period: third quarter of 2023
  - Result: reported results
  source text: On November 7, 2023, Ramaco Resources, Inc. (the “Company”) issued a press release reporting its financial and operating results for the third quarter of 2023 (the “Earnings Release”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687187/000155837023018000/0001558370-23-018000-index.htm

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