NASDAQ$METC
Ramaco Resources Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported increased sales volume and revenue, but net income and EPS decreased compared to Q4 2018.
Ramaco Resources reported Q4 2019 financial results, with revenue increasing by 3% year-over-year to $45.6 million. However, net income decreased to $1.9 million, or $0.05 per diluted share, compared to $3.4 million, or $0.08 per diluted share in Q4 2018. Adjusted EBITDA increased to $9.0 million from $7.0 million in the same period last year.
- Adjusted EBITDA was $9.0 million, 28% above the same period in 2018.
- Realized pricing of $104/ton on Company produced coal was in excess of 110% of the Platts Index.
- Ended 2019 with an industry-leading net debt position of just $7.4 million.
- 2020 guidance reflects a meaningful expected reduction in cash costs, capital expenditures, and SG&A relative to 2019 levels.
Headline financials
Revenue & EPS history
Ramaco · Revenue · Quarterly
$45.6M
Forward guidance
The company expects production of 1.8 to 2.1 million tons in 2020. Cash costs, capital expenditures, and SG&A are all expected to be lower in 2020 as compared to 2019.
Tailwinds
- McDonald reserves are expected to have the same geologic advantages and low costs that are being experienced in our Elk Creek mines.
- SEC compliant reserve study of the McDonald tracts added over 21 million proven and probable reserves to our Elk Creek reserve base.
- Cash costs would be in the mid $60s per ton range at a 150,000 ton annualized run-rate should they begin mining.
- Existing deep mine permit could also be started in late 2020 and provide a similar production impact.
- Production of 1.8 to 2.1 million tons is expected, which, at the midpoint, represents the fourth consecutive year of production growth for Ramaco.
Headwinds
- Shipments are expected to be lower in the first quarter, due to the usual dock closures on the Great Lakes.
- A greater proportion of business being sold on the Lakes in 2020 compared to 2019.
- Finishing development at Berwind mine will take majority of the year.
- Challenging market conditions.
- Expects cash costs, capital expenditures, and SG&A all to be lower in 2020.
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 Q4 2019
-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% | — | |
| 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro