secwatch.observer — SEC 8-K summary
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Issuer:     Ramaco Resources, Inc. (METC)
CIK:        0001687187
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001558370-24-007350
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687187/000155837024007350/0001558370-24-007350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687187/000155837024007350/metc-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007350

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer