Ramaco Resources, Inc. (METCB) Stock

Ramaco Resources, Inc. (METCB) is a Energy stock trading at $7.44 (as of 2026-09-02), with a market capitalization of $328.52M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ramaco Resources, Inc. operates, develops, and sells metallurgical coal, with development projects including Elk Creek in southern West Virginia, Berwind on the WV–VA border, Knox Creek in Virginia, and the RAM Mine in southwestern Pennsylvania. The company sells to blast furnace steel mills and coke plants in the United States and to international metallurgical coal consumers.

Understand Ramaco Resources, Inc.: how it makes money

Ramaco Resources mines and sells metallurgical coal (the high-carbon grade used in steelmaking) to blast furnace mills and coke plants in the US and internationally. Most tonnage moves under committed contracts, so volumes are largely fixed while realized prices track the met-coal market cycle.

With committed volumes locking in tons sold, the entire profit equation swings on the gap between realized met-coal prices and per-ton extraction cost; a narrow gap or an inverted one means the mine loses money on every ton lifted.

Business quality (Weak): Ranked Weak: a -13% operating margin and 12% gross margin show the cost structure sits above current met-coal pricing, so the business is destroying cash at today's realized prices.

Bull case

  • Demand floor in steel mills: Quarterly revenue of $100M fell only 5% year over year, suggesting that committed tonnage from blast furnace steel mills provides a structural volume floor even as met-coal pricing softens.

Bear case

  • Cash-destroying at current prices: Operating margin at -13% means the company loses money on the entire quarter's output; at present met-coal prices, extraction and overhead costs exceed what Ramaco collects per ton.
  • No cushion before debt stress: Gross margin of just 12% leaves almost no buffer: a further dip in metallurgical coal pricing would widen the operating loss rather than merely compress earnings, raising refinancing risk on the debt used to build the Elk Creek complex.
Valuation — source: SEC EDGAR (first-party)
Price$7.44
Market Cap$328.52M
Price / Book0.87
Price / Sales0.64
DCF Value (model)$25.30
DCF Upside vs Price240.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$536.62M
Net Margin-9.6%
Revenue Growth (YoY)-5.3%
Financial Health — source: SEC EDGAR
Altman Z-Score1.12 (distress)
Valuation vs Sector & Industry
Sector P/E (Energy)16.1
Industry P/E (Coal)25.1
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderYorktown Energy Partners XI, L.P. ($12.76M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryCoal
CEORandall W. Atkins
Employees984
CountryUS
IPO Date2023-06-21

Ramaco Resources, Inc. earnings call transcripts

  • METCB Q1 FY26 earnings call transcript (reported 2026-05-11) · analysis
  • METCB Q4 FY25 earnings call transcript (reported 2026-02-25) · analysis

All METCB earnings calls

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METCB earnings history · METCB institutional & insider holders · METCB KPIs & operating metrics · METCB financials · METCB investor presentations & press releases · METCB SEC filings · METCB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.