METC - NASDAQ

Ramaco Resources, Inc.

METC·NASDAQ

$16.86

-3.8%

EnergyCoal

Ramaco Resources, Inc. produces and sells metallurgical coal. The company's development portfolio includes the Elk Creek project consisting of approximately 20,200 acres of controlled mineral and 16 seams located in southern West Virginia; the Berwind property comprising approximately 41,300 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 62,100 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,570 acres of controlled mineral, which is situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$907.15M

EPS-0.9600

P/E Ratio-17.56

Earnings Date07/30/2026

1.97M

Operating Cash Flow

-98%

3Y-99.0%

5Y-85.0%

10Y-151.0%

-83.67M

Investing Cash Flow

18%

3Y-43.0%

5Y+238.0%

10Y+8.0%

489.04M

Financing Cash Flow

-1063%

3Y-1816.0%

5Y+4233.0%

10Y+472.0%

Ramaco Resources, Inc. Cash Conversion Engine

METC · NASDAQ

FCF Components

Net Income-51.45M

Depreciation & Amortization68.16M

Stock-Based Compensation17.57M

Change in Working Capital-25.01M

Others4.42M

Capital Expenditures-62.78M

Free Cash Flow-60.81M

Cash Flow Quality Analysis

FCF Conversion Rate

118.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

3188.5%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-238.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$25.01M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Ramaco Resources, Inc. Cash Flow Statement

METC • NASDAQ

Ramaco Resources, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
OPERATING ACTIVITIES
Net Income	-51.4M	11.2M	82.3M	116M	39.8M	-4.9M	24.9M	25.1M	-15.4M	-7.5M	-2.3M	-1.8M
Depreciation & Amortization	68.2M	67.1M	55.7M	42.3M	26.8M	21.5M	20M	12.9M	3.6M	481K	74.5K	68.2K
Change in Deferred Taxes	-11.7M	1.7M	18.7M	29.2M	4.6M	-3.5M	5.2M	109K	0.0	0.0	0.0	0.0
Stock-Based Compensation	17.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Cash Items	4.4M	18.4M	3.5M	7.4M	67K	-4.2M	4.1M	3.2M	2.8M	3.4M	0.0	0.0
Cash Taxes Paid	(0.0)	(1.2M)	(771K)	(15.5M)	(9K)	(19K)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Change in Working Capital	-25M	14.3M	865K	-7.1M	-18M	4.5M	-11.9M	-5.3M	284.1K	-215.1K	345K	-4.3K
Cash from Operating Activities	2M	112.7M	161M	187.9M	53.3M	13.3M	42.4M	36M	-8.8M	-3.9M	-1.9M	-1.7M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-62.8M	-68.8M	-82.9M	-123M	-59.6M	-24.8M	-45.7M	-48.1M	-75M	-16.7M	-4.8M	-4.2M
Acquisitions, Net	(0.0)	(260K)	(574K)	-21.6M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-302.6K	(0.0)	(0.0)
Purchase of Investments	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-64.8M	(0.0)	(0.0)
Sale/Maturity of Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	5.2M	55.2M	4.3M	1.4M	0.0
Other Investing Items	-20.9M	-2.3M	10.1M	-1.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash from Investing Activities	-83.7M	-70.8M	-72.2M	-145.7M	-59.6M	-24.8M	-45.7M	-42.9M	-19.8M	-77.5M	-3.5M	-4.2M
FINANCING ACTIVITIES
Net Issuance of Common Stock	802K	534K	0.0	107K	0.0	0.0	0.0	0.0	46M	83.7M	0.0	0.0
Net Issuance of Debt	358.4M	-10.6M	-44.2M	-4.1M	23.8M	12.9M	3.4M	8.9M	-11.1M	3.9M	-369.9K	4.5M
Cash Paid for Dividends	-4.3M	-24.6M	-25.8M	-20M	(0.0)	(0.0)	(0.0)	(0.0)	-5.4M	(0.0)	(0.0)	(0.0)
Other Financing Items	134.2M	-16.1M	-12.5M	-4.5M	-1.4M	-1.6M	-590K	-989K	-127K	-2.1M	6.7M	1.4M
Cash from Financing Activities	489M	-50.8M	-82.5M	-28.5M	22.4M	11.3M	2.8M	7.9M	29.3M	85.5M	6.4M	5.9M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	-807K	5K	-59K	55K	-5K	1.3M	-904K	-43.0	0.0	0.0	0.0	0.0
Net Change in Cash	407.3M	-9M	6.2M	13.7M	16.1M	1.2M	-1.4M	1M	737.1K	4.2M	993.6K	0.0
Cash at Beginning of Period	33.8M	42.8M	36.5M	22.8M	6.7M	5.5M	7M	5.9M	5.2M	993.6K	0.0	0.0
Cash at End of Period	441.2M	33.8M	42.8M	36.5M	22.8M	6.7M	5.5M	7M	5.9M	5.2M	993.6K	0.0
Free Cash Flow	-60.8M	43.8M	78.1M	64.9M	-6.3M	-11.4M	-3.3M	-12.1M	-83.8M	-20.6M	-6.8M	-5.9M

SEC Filings

METC - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 28, 2026	May 28, 2026	2026	View Filing

Showing 1 to 1 of 1 filings

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