Lexington, Kentucky, October 28, 2025
Ramaco Resources, Inc. recently reported a net loss of $13.3 million for the third quarter, illustrating the challenges the company is facing in a shifting economic landscape. Revenues fell to $121 million, reflecting a significant 27.7% decrease from the previous year. Despite missing estimates, Ramaco remains focused on strategic initiatives to enhance its production and explore critical minerals, amidst a backdrop of volatility in the coal industry. Company liquidity stands strong at $272 million, key to managing current market pressures.
Lexington, Kentucky – In a recent financial report, Ramaco Resources, Inc. (NASDAQ: METC) disclosed a net loss of $13.3 million, equivalent to $0.25 per share, for the third quarter of 2025. This disappointing outcome not only fell short of Wall Street’s expectations but also highlighted significant challenges the company is facing in a dynamic economic landscape. The reported revenue of $121 million marked a substantial 27.7% decline compared to the same quarter last year.
Recent trends in the coal industry are prompting scrutiny of larger economic shifts. With revenues missing estimates by approximately $9.93 million, the data points to underlying pressures in the market. Despite these challenges, the firm remains committed to its strategic initiatives focused on rare earth elements and critical minerals, which are increasingly important for U.S. strategic supplychains.
Financial Performance
- Net Loss: $13.3 million, or $0.25 per share
- Revenue: $121 million, a 27.7% decline from the previous year
- Adjusted EBITDA: $8.4 million, below analyst expectations of $12.02 million
- Non-GAAP Cash Cost per Ton Sold: $97, down $6 sequentially, placing the company in the first quartile of the U.S. cost curve
- Liquidity: Record $272 million, with a net cash position exceeding $77 million
As the coal industry continues to face fluctuations, Ramaco’s commitment to cost management and liquidity is crucial. With its non-GAAP cash cost per ton sold positioned competitively, the company retains enough liquidity to navigate through current headwinds.
Strategic Initiatives
- Brook Mine Rare Earths and Critical Minerals Program: Accelerated development with an increased base coal ore production target of approximately 5 million tons per year
- Commercial Oxide Production: Anticipated at 3,400 tons per year, a 175% increase compared to the previous Preliminary Economic Assessment (PEA)
- Pilot Oxide Plant: On track to begin operations in mid-2026
- Strategic Critical Minerals Terminal: Board approval to pursue development
Ramaco’s investments in strategic initiatives signal a forward-thinking approach in diversifying its operations. The acceleration of the Brook Mine program and significant increases in production targets reflect a proactive stance in adapting to market demands.
Market Outlook
- Coal Production Guidance for 2025: Revised to a range of 3.7 to 3.9 million tons
- Cost Management: Emphasis on reducing cash costs per ton sold and capital expenditures
- Interest Expenses: Anticipated decrease in line with strategic financial management
The company’s revised coal production guidance for 2025 illustrates its awareness of current market realities. By streamlining operations and focusing on cost management, Ramaco aims to maintain resilience while navigating an unpredictable environment.
Company Overview
Ramaco Resources, Inc. stands out as a coal mining firm headquartered in Lexington, Kentucky, with an emphasis on producing high-quality, low-cost metallurgical coal. In line with national strategic supplychain goals, the company is working to advance initiatives in rare earth elements and critical minerals, underscoring its role in fostering innovation and meeting evolving market needs.
Stock Performance
As of October 28, 2025, Ramaco Resources’ stock (NASDAQ: METC) is trading at $33.97, showing a decrease of $0.97 (-2.78%) from the previous close. Throughout the trading day, the stock saw a high of $34.22 and a low of $31.53, reflecting ongoing volatility.
| Metric | Q3 2025 | Q3 2024 | Year-over-Year Change |
|---|---|---|---|
| Net Loss | $13.3 million | $0.03 million | Increase of $13.3 million |
| Revenue | $121 million | $167.41 million | Decrease of 27.7% |
| Adjusted EBITDA | $8.4 million | $19.33 million | Decrease of 56.5% |
| Non-GAAP Cash Cost per Ton Sold | $97 | Not specified | Not applicable |
| Liquidity | $272 million | Not specified | Not applicable |
| Net Cash Position | Over $77 million | Not specified | Not applicable |
| Coal Production Guidance for 2025 | 3.7 to 3.9 million tons | Not specified | Not applicable |
| Stock Price as of October 28, 2025 | $33.97 | Not specified | Not applicable |
In conclusion, Ramaco Resources is navigating a challenging economic landscape while pursuing strategic growth initiatives that promise to diversify its portfolio and bolster its operational strength. The importance of supporting local businesses cannot be overstated, as their resilience is vital to Lexington’s economic vitality. Community members and stakeholders are encouraged to remain engaged in the discussions surrounding local economic development, which will ultimately shape the future of our neighborhoods and economy.
Frequently Asked Questions
- What was Ramaco Resources’ net loss for the third quarter of 2025?
- Ramaco Resources reported a net loss of $13.3 million, or $0.25 per share, for the third quarter of 2025.
- How did Ramaco Resources’ revenue in Q3 2025 compare to analyst expectations?
- The company’s revenue of $121 million in Q3 2025 fell short of analyst expectations by approximately $9.93 million, marking a 27.7% decline year-over-year.
- What are Ramaco Resources’ plans for its Brook Mine Rare Earths and Critical Minerals Program?
- Ramaco Resources is accelerating its Brook Mine program, increasing the base coal ore production target to approximately 5 million tons per year and anticipating commercial oxide production of 3,400 tons per year, a 175% increase compared to the previous Preliminary Economic Assessment (PEA).
- What is Ramaco Resources’ revised coal production guidance for 2025?
- The company has revised its 2025 coal production guidance to a range of 3.7 to 3.9 million tons.
- What is Ramaco Resources’ stock performance as of October 28, 2025?
- As of October 28, 2025, Ramaco Resources’ stock (NASDAQ: METC) is trading at $33.97, reflecting a decrease of $0.97 (-2.78%) from the previous close.
Now Happening on X
- @SaintGeorgein (October 28, 2025): Fluor Corporation confirmed the economic viability of large rare earth deposits at Ramaco Resources’ Brook Mine in Wyoming, strengthening its potential and positioning the Lexington-based company as a key player in domestic supply efforts. View on X
- @ijournal (October 28, 2025): Ramaco Resources plans to establish the first U.S. stockpile of rare earth elements and critical minerals at its Wyoming mine to bolster domestic raw material supply. View on X
- @TheValueist (October 27, 2025): Ramaco Resources’ Q3 2025 results were operationally soft but showed cost discipline and a fortified balance sheet, with the quarter highlighting strategic progress over immediate P&L. View on X
- @Finsee_main (October 27, 2025): Ramaco Resources delivered Q3 2025 results with resilient met coal operations amid weak markets and accelerated rare earth development at Brook Mine, fully funded for growth. View on X
- @northernminer (October 27, 2025): Coal producer Ramaco Resources plans to set up a strategic stockpile of rare earth elements and critical minerals at its Brook Mine in Wyoming. View on X
- @TheTradeXchange (October 23, 2025): Ramaco Resources breaks ground on a pilot processing plant and lab to advance rare earth and critical mineral development, signaling progress for the Kentucky-based firm. View on X
- @iNews24 (October 27, 2025): Coal producer Ramaco Resources’ Q3 revenue misses estimates, with the company reporting a net loss amid challenging market conditions. View on X
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