secwatch.observer — SEC 8-K summary
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Issuer:     Ramaco Resources, Inc. (METC)
CIK:        0001687187
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001558370-23-018000
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687187/000155837023018000/0001558370-23-018000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687187/000155837023018000/metc-20231107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-018000

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