---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007350"
form_type: "8-K"
ticker: "METC"
cik: "0001687187"
company_name: "Ramaco Resources, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T11:09:41.469119+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ramaco Resources Q1 net income $2.0M, adj. EBITDA $24.2M; weaker pricing and higher costs hit results

## Summary
- Net income $2.0M, down 93% from Q4 2023; Class A EPS $0.00 vs $0.57 YoY.
- Adjusted EBITDA $24.2M, down 59% from Q4 2023; revenue $172.7M, down 15% QoQ.
- Cash costs per ton $118 (+10% QoQ); cash margins $37/ton (down from $68 in Q4 2023).
- Quarterly dividend declared: $0.1375 per Class A share; $0.2376 per CORE Resources Class B share.
- Revolver increased to $200M with $75M accordion; five-year term; 2024 guidance maintained.

## SEC filing metadata
- accession: 0001558370-24-007350
- form_type: 8-K
- ticker: METC
- cik: 0001687187
- company_name: Ramaco Resources, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687187/000155837024007350/0001558370-24-007350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687187/000155837024007350/metc-20240508x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007350
- JSON: https://secwatch.observer/filing/0001558370-24-007350.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007350.txt

## Key facts
- Earnings Releases
  Ramaco Resources, Inc. reported the three months ended March 31, 2024 results: net income $2.0 million, EPS $0.00. Guidance reaffirmed.
  - Period: the three months ended March 31, 2024
  - Net income: $2.0 million
  - EPS: $0.00
  - Guidance: reaffirmed
  - Result: reported results
  source text: Ramaco Resources, Inc. (NASDAQ: METC, METCB, “Ramaco” or the “Company”), a leading operator and developer of high-quality, low-cost metallurgical coal, today reported financial results for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687187/000155837024007350/0001558370-24-007350-index.htm

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