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LEXINGTON, Ky. - Ramaco Resources, Inc. (NASDAQ:METC) saw its shares soar 38% after the metallurgical coal producer reported better-than-expected fourth quarter results and provided an optimistic outlook for 2025.
The company posted Q4 adjusted earnings per share of $0.06, swinging from a loss of $0.03 in Q3. Revenue came in at $170.9 million, up 2% sequentially.
Ramaco achieved record quarterly sales volume of over 1.1 million tons in Q4, while also lowering cash costs to $96 per ton sold, down from $102 in Q3. This helped drive a 24% quarter-over-quarter increase in adjusted EBITDA to $29.2 million.
"Despite the fourth quarter being the weakest quarter of 2024 in terms of metallurgical coal price indices, we did very well in those areas we could control," said Randall Atkins, Ramaco’s Chairman and CEO.
For 2025, the company reiterated its production guidance of 4.2-4.6 million tons and sales guidance of 4.4-4.8 million tons. Ramaco expects Q1 2025 sales of 850,000-950,000 tons, with Q2 shipments projected to rise about 33% sequentially.
Management expressed optimism about potential price increases in 2025, especially in the second half, citing tightening supply and the possibility of increased domestic demand if new steel import tariffs are implemented.
The strong results and positive outlook drove the stock’s sharp rise, as investors cheered Ramaco’s ability to improve operational metrics despite weak market conditions.
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