--- title: "Ramaco - CL | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 121.61 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285988975.md" datetime: "2026-05-11T20:10:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285988975.md) - [en](https://longbridge.com/en/news/285988975.md) - [zh-HK](https://longbridge.com/zh-HK/news/285988975.md) --- # Ramaco - CL | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 121.61 M Revenue: As of FY2026 Q1, the actual value is USD 121.61 M, missing the estimate of USD 131.02 M. EPS: As of FY2026 Q1, the actual value is USD -0.3. EBIT: As of FY2026 Q1, the actual value is USD -23.82 M. Ramaco Resources, Inc. reported its financial and operating results for the first quarter of 2026 . #### Revenue Total revenue for the first quarter of 2026 was $121.6 million, a decrease from $134.7 million in the first quarter of 2025 and $128.0 million in the fourth quarter of 2025 . #### Net Loss Ramaco Resources, Inc. reported a net loss of - $18.3 million for the first quarter of 2026, compared to a net loss of - $9.5 million in the first quarter of 2025 and - $14.7 million in the fourth quarter of 2025 . #### Adjusted EBITDA Adjusted EBITDA was - $1.8 million for the first quarter of 2026, a decrease from $9.8 million in the first quarter of 2025 and $8.9 million in the fourth quarter of 2025 . #### Operating Loss Ramaco Resources, Inc. reported an operating loss of - $24,305 thousand in the first quarter of 2026, compared to an operating loss of - $12,022 thousand in the first quarter of 2025 . #### Cost of Sales Cost of sales for the first quarter of 2026 was $108.5 million, compared to $114.1 million in the first quarter of 2025 and $103.2 million in the fourth quarter of 2025 . #### Liquidity As of March 31, 2026, liquidity stood at $488.8 million, including $355.2 million in cash and $133.6 million in borrowing availability, representing a 313% increase year-over-year compared to $118.4 million in the first quarter of 2025 . Liquidity was $521.0 million as of December 31, 2025 . #### Capital Expenditures Cash capital expenditures totaled $17.1 million in the first quarter of 2026, a decrease of 16% from $20.3 million in the first quarter of 2025, but an increase from $12.2 million in the fourth quarter of 2025 . #### Cash Flow from Operating Activities Net cash used in operating activities was - $34,604 thousand for the first quarter of 2026, compared to net cash from operating activities of $26,039 thousand in the first quarter of 2025 . #### Cash Flow from Investing Activities Net cash used in investing activities was - $17,017 thousand for the first quarter of 2026, compared to - $22,256 thousand in the first quarter of 2025 . #### Cash Flow from Financing Activities Net cash used in financing activities was - $33,522 thousand for the first quarter of 2026, compared to net cash from financing activities of $6,674 thousand in the first quarter of 2025 . #### Stock Dividend On May 11, 2026, Ramaco Resources, Inc.’s board of directors approved a stock dividend of $0.1369 per share of Class B common stock, payable on June 26, 2026, to shareholders of record as of June 12, 2026 . #### Non-GAAP Cash Mine Cost per Ton Sold The non-GAAP cash mine cost per ton sold was $98 in the first quarter of 2026, consistent with the first quarter of 2025, but up from $92 in the fourth quarter of 2025 . #### Non-GAAP Cash Margins per Ton Cash margins per ton were $16 in the first quarter of 2026, declining from $24 per ton in both the first quarter of 2025 and the fourth quarter of 2025 . #### Total Tons Sold Total tons sold were 892 thousand in the first quarter of 2026, down from 946 thousand tons in the first quarter of 2025 and 938 thousand tons in the fourth quarter of 2025 . #### Total Tons Produced Total tons produced were 951 thousand in the first quarter of 2026, down 4% from 989 thousand tons in the first quarter of 2025, but up 7% from 892 thousand tons in the fourth quarter of 2025 . #### Non-GAAP Revenue per Ton Sold (FOB mine) Non-GAAP revenue per ton sold (FOB mine) was $114 in the first quarter of 2026, down from $122 in the first quarter of 2025 and $116 in the fourth quarter of 2025 . #### Outlook / Guidance Ramaco Resources, Inc. reiterates its full-year 2026 operational guidance, anticipating coal shipments of 900,000 – 1,000,000 tons for the second quarter of 2026 with cash costs at the higher end of the full-year range . For the full year 2026, the company projects total production between 3,700 and 4,100 thousand tons and sales between 4,100 and 4,500 thousand tons, with cash costs per ton sold expected to be between $95 and $100 . Capital expenditures are guided to be $85,000 - $90,000 thousand, and selling, general, and administrative expenses are projected between $67,000 - $72,000 thousand . ### Related Stocks - [METC.US](https://longbridge.com/en/quote/METC.US.md) ## Related News & Research - [TDK publishes 2026 annual report for fiscal year ended March 31, 2026](https://longbridge.com/en/news/287131408.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [GE Vernova Declares Third Quarter 2026 Dividend | GEV Stock News](https://longbridge.com/en/news/286966387.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md)