NASDAQ$METC
Ramaco Resources Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported highest third quarter Adjusted EBITDA on record and net income increased significantly.
Ramaco Resources reported a strong third quarter in 2021, with net income of $7.0 million and Adjusted EBITDA of $17.8 million, marking the highest third quarter Adjusted EBITDA on record for the Company. The company also strategically concluded 2022 North American sales, booking 1.7 million tons at $196 per short ton, translating to over $325 million in revenue and roughly $190 million in Adjusted EBITDA.
- Net income was $7.0 million (EPS of $0.16) for Q3 2021.
- Adjusted EBITDA was $17.8 million for Q3 2021, the highest third quarter on record.
- The Company has largely concluded 2022 North American sales, with 1.7 million tons booked at $196 per short ton FOB mine.
- Board of Directors authorized the initiation of a regular quarterly dividend to be paid beginning in the first quarter of 2022.
Headline financials
Revenue & EPS history
Ramaco · Revenue · Quarterly
$76.4M
Forward guidance
Ramaco Resources anticipates a period of significant free cash flow generation and commitment to continue a regular return of capital to shareholders.
Tailwinds
- Doubling of low-cost/high-quality production capacity to meet near and medium-term demand growth
- Continuing period of strong index-based pricing
- Formidable balance sheet
- Impending roll-off of much lower priced 2021 domestic met coal contracts
- Maintaining over 100,000 tons of high-quality met coal production to sell at today’s elevated pricing into the balance of 2021
Headwinds
- Potential appeals and post-trial motions regarding the $32.7 million jury verdict in its lawsuit related to the November 2018 silo failure against Chubb INA Holdings, Inc.
- Risks related to the impact of the COVID-19 global pandemic
- Unexpected delays in current mine development activities
- Failure of sales commitment counterparties to perform
- Increased government regulation of coal in the United States or internationally
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 Q3 2021
-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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