Ramaco Q4 Adj EBITDA $58.5M, net income $30.0M; debt cut; 2024 guidance raised

Ramaco Resources, Inc.

Q4 revenue $202.7M (+8% QoQ); full-year revenue $693.5M (+23% YoY).
Q4 cash costs $107/ton, cash margins $66/ton; shipped 988K tons at 4M-ton run rate.
Term debt reduced to $48M; liquidity hit record $91M vs $49M year-end 2022.
2024 sales guidance 4.2-4.6M tons; 3.9M tons already committed (2.4M export index-linked).
Revolver expanded to $200M (accordion to $275M); rare earth update expected March 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ramaco Resources, Inc. reported the twelve months ended December 31, 2023 results: net income $82.3 million. Guidance reaffirmed.

Period: the twelve months ended December 31, 2023
Net income: $82.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the twelve months ended December 31, 2023, the Company had net income of $82.3 million, compared to $116.0 million in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ramaco Resources, Inc. reported the three months ended December 31, 2023 results: net income $30.0 million. Guidance reaffirmed.

Period: the three months ended December 31, 2023
Net income: $30.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the three months ended December 31, 2023, the Company had net income of $30.0 million, compared to $19.5 million in the third quarter of 2023.

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Ramaco Resources, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-002741

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