Ramaco Resources, Inc. reported a decline in financial performance for the second quarter of 2025, with revenues totaling $152.96 million, a decrease of 2% from $155.32 million in the same period of 2024. For the first half of 2025, the company generated $287.62 million in revenue, down 12% from $328.00 million year-over-year. The decrease in revenue was attributed to lower metallurgical coal prices, which fell by an average of 20% during the quarter, despite an 18% increase in tons sold, reaching 1.08 million tons in Q2 2025 compared to 915,000 tons in Q2 2024.
The company's operating loss for the second quarter was $13.84 million, a significant decline from an operating income of $5.42 million in the prior year. Net loss for the quarter was $13.97 million, compared to a net income of $5.54 million in Q2 2024. The decline in profitability was influenced by increased costs, including a 9% rise in cost of sales, which totaled $134.18 million for the quarter. Selling, general, and administrative expenses also increased to $15.18 million from $10.90 million in the previous year, reflecting higher professional service costs.
In terms of operational developments, Ramaco continues to focus on its strategic initiatives, including the development of its rare earth elements and critical minerals deposits in Wyoming. The company recently completed a Preliminary Economic Assessment for its Brook Mine, indicating the project's commercial viability. Additionally, Ramaco received a $6.1 million matching grant from the Wyoming Energy Authority to support the development of a laboratory and pilot plant at the Brook Mine. The company is also in the process of expanding its production capacity, with expectations to produce between 3.9 and 4.3 million tons of coal in 2025.
Looking ahead, Ramaco's management remains cautious about the metallurgical coal market, which is expected to remain volatile due to macroeconomic factors and global supply dynamics. The company has $28.13 million in cash and cash equivalents and $59.2 million available under its Revolving Credit Facility as of June 30, 2025. Ramaco plans to manage its financial position carefully while pursuing growth opportunities, including potential acquisitions and capital expenditures. The company has also suspended its Class A stock dividend, reflecting a strategic decision to conserve cash amid challenging market conditions.
About Ramaco Resources, Inc.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.