NASDAQ$METC
Ramaco Resources Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Ramaco Resources' first quarter results were impacted by lower index pricing and higher mine costs.
Ramaco Resources reported a net income of $2.0 million and Class A EPS of $0.00 for the three months ended March 31, 2024. The results were negatively impacted by lower index pricing and higher mine costs. The company is maintaining all full-year 2024 guidance and expects results to improve throughout the year.
- Adjusted EBITDA was $24.2 million, compared to $58.5 million in the fourth quarter of 2023.
- Net income was $2.0 million, compared to $30.0 million in the fourth quarter of 2023.
- Class A EPS was $0.00, compared to $0.60 for the fourth quarter of 2023.
- The company has 4.2 million tons committed at an average realized price of $162 per ton.
Headline financials
Revenue & EPS history
Ramaco · Revenue · Quarterly
$173M
Forward guidance
The Company is maintaining all full-year 2024 guidance.
Tailwinds
- Anticipates second quarter shipments of 850,000 – 950,000 tons of coal
- Expects an increasing sales cadence throughout 2024.
- Anticipates adding almost 1 million tons of annualized production compared to current run-rates before year-end 2024.
- Overall mine costs are expected to meaningfully decline in the back half of 2024
- Volumes are anticipated to be materially above levels in the first half of 2024.
Headwinds
- First quarter results were negatively impacted by a combination of lower index pricing
- First quarter results were negatively impacted by higher mine costs
- Challenging geology at Elk Creek impacted mine costs
- Labor constraints at Elk Creek impacted mine costs
- Prices fell meaningfully by about $55 per ton, or 20% throughout the first quarter of 2024 on the back of muted global demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-2.0%
Avg return
Earnings day
+2.9%
Avg return
5 days after
-1.1%
Avg return
30 days after
41%
15 / 37 earnings
Positive
+19.9%
Q2 2021
Best reaction
-18.4%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | -2.2% | -3.6% | |
| Q4 2025 | -15.4% | -12.4% | -11.9% | |
| Q3 2025 | -16.9% | -10.6% | -53.9% | |
| Q1 2025 | -0.4% | +3.8% | +12.1% | |
| Q4 2024 | -3.9% | +13.8% | -8.2% | |
| Q3 2024 | +10.2% | +17.5% | +39.4% | |
| Q2 2024 | +10.9% | +12.7% | -19.9% | |
| Q1 2024 | -15.4% | -17.7% | -16.7% | |
| Q4 2023 | +7.7% | -9.0% | -17.3% | |
| Q3 2023 | -1.8% | +46.6% | +43.5% | |
| Q2 2023 | -11.9% | -11.6% | -15.4% | |
| Q1 2023 | +9.7% | +33.5% | +3.2% | |
| Q4 2022 | -3.9% | -4.5% | -13.2% | |
| Q3 2022 | -7.7% | -12.1% | -9.8% | |
| Q2 2022 | -17.1% | -4.7% | -9.7% | |
| Q1 2022 | +2.6% | +11.0% | +22.8% | |
| Q4 2021 | -10.7% | +0.4% | -1.4% | |
| Q3 2021 | -10.9% | -13.9% | -30.8% | |
| Q2 2021 | +19.9% | +25.0% | +34.6% | |
| Q1 2021 | +8.9% | +17.4% | +32.4% | |
| Q4 2020 | +8.4% | +14.9% | +1.8% | |
| Q3 2020 | -1.3% | -2.7% | +5.6% | |
| Q2 2020 | +7.5% | +13.3% | +20.8% | |
| Q1 2020 | -8.8% | -4.2% | +8.8% | |
| Q4 2019 | -3.9% | -9.9% | -16.1% | |
| Q3 2019 | -6.5% | -3.1% | -11.5% | |
| Q2 2019 | -9.7% | +7.2% | +30.5% | |
| Q1 2019 | -4.3% | -5.0% | -19.2% | |
| Q4 2018 | +8.8% | +12.0% | +2.7% | |
| Q3 2018 | -17.8% | -19.5% | -29.9% | |
| Q2 2018 | +5.9% | +24.3% | +20.9% | |
| Q1 2018 | -0.3% | +3.2% | +13.1% | |
| Q4 2017 | +1.1% | +6.7% | -9.2% | |
| Q3 2017 | -18.4% | -26.2% | -15.4% | |
| Q2 2017 | -8.5% | -2.5% | -1.3% | |
| Q1 2017 | +2.9% | +8.1% | -9.1% | |
| Q4 2016 | +16.2% | +9.4% | -11.2% | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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