---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-002741"
form_type: "8-K"
ticker: "METC"
cik: "0001687187"
company_name: "Ramaco Resources, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:38:57.134413+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-002741
- form_type: 8-K
- ticker: METC
- cik: 0001687187
- company_name: Ramaco Resources, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687187/000155837024002741/0001558370-24-002741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687187/000155837024002741/metc-20240307x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-002741
- JSON: https://secwatch.observer/filing/0001558370-24-002741.json
- Plain text: https://secwatch.observer/filing/0001558370-24-002741.txt

## Key facts
- Earnings Releases
  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
  source text: For the twelve months ended December 31, 2023, the Company had net income of $82.3 million, compared to $116.0 million in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687187/000155837024002741/0001558370-24-002741-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687187/000155837024002741/0001558370-24-002741-index.htm

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