News Summary
Ramaco Resources, Inc. has announced a loss of $9.5 million for the first quarter of 2025, equivalent to 19 cents per share. This setback is tied to severe weather impacting Kentucky, causing widespread power outages affecting thousands of residents. As storms continue, the state faces potential flooding and further disruptions. Authorities are mobilizing resources for power restoration, emphasizing safety in the community as forecasts hint at more severe weather, including potential tornadoes, in the coming days.
Lexington, Kentucky – Ramaco Resources, Inc. has reported a significant financial setback with a loss of $9.5 million for the first quarter of 2025, translating to a loss of 19 cents per share. This financial loss comes amidst severe weather conditions that have impacted both the company and the broader region of Kentucky.
The recent storms across Kentucky have led to widespread power outages, affecting more than 42,800 residents. By midday, efforts to restore power were underway, and the outages were reduced to approximately 14,700 households. The most severely affected area was Menifee County in Eastern Kentucky, where about 75% of its residents experienced electrical service disruptions. Other counties facing outages include Campbell, Casey, Lincoln, Pendleton, Johnson, Powell, and Franklin, with additional smaller outages reported across the state.
With weather forecasts predicting continued severe conditions, Kentucky is bracing for an extended period of rain and potential flooding. The forecast for today, May 13, 2025, indicates morning showers followed by scattered thunderstorms in the afternoon. A high temperature of 72°F is expected, accompanied by light and variable winds. The chance of rain throughout the day is set at 60%, while nighttime temperatures are projected to drop to around 60°F. These conditions follow a wave of storms that brought heavy rain, hail, thunder, and lightning, along with at least one reported tornado occurring in Louisville.
As the storms continue to develop, western Kentucky may face the prospect of receiving over 15 inches of rain by the end of the weekend, while Lexington could see rainfall amounts between 6 to 8 inches. This ongoing weather pattern raises significant concerns regarding both flooding and further power outages in the coming days. Authorities have mobilized resources to address power restoration and have provided information to residents on how to report downed power lines. Customers can report outages via text by sending “OUTAGE” to 454358 or through various utility providers’ websites.
In addition to the financial implications for Ramaco Resources, the severe weather conditions create an urgent need for safety and preparedness in the community. The potential for a tornado outbreak is forecasted for later today into tonight, particularly affecting parts of Kentucky and surrounding areas. Such warnings underline the importance of staying informed and taking necessary precautions as this severe weather event unfolds.
The first quarter results from Ramaco Resources reflect a troubling trend for the company facing challenges amid challenging environmental factors. While the financial data is crucial for stakeholders, the immediate impact on lives and infrastructure within the state cannot be overstated. Kentucky residents are advised to remain vigilant as the forecast continues to evolve and resources are mobilized to address the ongoing power outages and impending severe weather threats.
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Additional Resources
- Kentucky Kernel: Severe Weather Update
- Wikipedia: Severe Weather
- Kentucky.com: Weather News
- Google Search: Kentucky Weather
- Fox 56 News: Weather Forecast
- Google Scholar: Weather Forecasting
- WKYT: First Alert Weather Day
- Encyclopedia Britannica: Severe Weather
- Fox 56 News: Kentucky Weather Forecast
- Google News: Kentucky Severe Weather
