--- title: "Ramaco Resources | 8-K: FY2026 Q1 Revenue: USD 121.61 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285989001.md" datetime: "2026-05-11T20:10:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285989001.md) - [en](https://longbridge.com/en/news/285989001.md) - [zh-HK](https://longbridge.com/zh-HK/news/285989001.md) --- # Ramaco Resources | 8-K: FY2026 Q1 Revenue: USD 121.61 M Revenue: As of FY2026 Q1, the actual value is USD 121.61 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. #### Financial Highlights (Q1 2026) Ramaco Resources, Inc. reported a net loss of - $18.3 million for the first quarter of 2026, compared to - $14.7 million in Q4 2025 and - $9.5 million in Q1 2025 . Adjusted EBITDA for Q1 2026 was - $1.8 million, down from $8.9 million in Q4 2025 and $9.8 million in Q1 2025 . The company maintained strong liquidity of $488.8 million as of March 31, 2026, representing a 313% increase from $118.4 million in Q1 2025 . Revenue for Q1 2026 was $121.6 million, a 5% decrease from $128.0 million in Q4 2025 and a 10% decrease from $134.7 million in Q1 2025 . Cost of sales for Q1 2026 was $108.5 million, a 5% increase from $103.2 million in Q4 2025 and a 5% decrease from $114.1 million in Q1 2025 . The operating loss for Q1 2026 was - $24.305 million, compared to - $12.022 million in Q1 2025 . Net cash used in operating activities was - $34.604 million for Q1 2026, a decline from $26.039 million in Q1 2025 . Cash capital expenditures were $17.1 million for Q1 2026, a 40% increase from $12.2 million in Q4 2025, but a 16% decrease from $20.3 million in Q1 2025 . #### Per-Ton Metrics Non-GAAP revenue per ton sold was $114 for Q1 2026, down from $116 in Q4 2025 and $122 in Q1 2025 . Non-GAAP cash cost per ton sold was $98 for Q1 2026, up from $92 in Q4 2025 but consistent with $98 in Q1 2025 . Non-GAAP cash margins per ton sold declined to $16 for Q1 2026, compared to $24 in both Q4 2025 and Q1 2025 . This decline was primarily due to a $20 per ton decrease in U.S. high-vol indices over the same period . #### Operational Metrics Total tons sold in Q1 2026 were 892 thousand tons, a 5% decrease from 938 thousand tons in Q4 2025 and a 6% decrease from 946 thousand tons in Q1 2025 . Total tons produced were 951 thousand tons in Q1 2026, a 7% increase from 892 thousand tons in Q4 2025, but a 4% decrease from 989 thousand tons in Q1 2025 . Production from the Elk Creek Mining Complex was 717 thousand tons in Q1 2026, up 4% from Q1 2025, while the Berwind Mining Complex (including Knox Creek and Maben) produced 234 thousand tons, down 22% from Q1 2025 . #### Unique Metrics Ramaco Resources, Inc. purchased $37 million or 2.5 million Class A common shares in the open market at an average price of $14.54 per share, representing almost 5% of Class A common shares . As of April 30, the company had 2026 sales commitments totaling 3.5 million tons, which equates to 90% of its 2026 production guidance midpoint . These commitments include 1.1 million tons to North American customers at an average fixed price of $138 per ton, 1.0 million tons to seaborne customers at an average fixed price of $107 per ton, and an additional 1.4 million export tons at index-linked pricing . The company declared 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 . #### Outlook / Guidance Ramaco Resources, Inc. reiterates its full-year 2026 operational guidance and anticipates Q2 2026 coal shipments between 900,000 and 1,000,000 tons, with cash costs expected towards the higher end of the full-year range due to elevated fuel costs . The company projects metallurgical prices to rise in the second half of 2026 due to anticipated supply contraction and increased Australian benchmark pricing . For its rare earth and critical minerals project, revised conceptual studies and a Technical Report Summary are expected in late June, with full-scale pilot operations anticipated to commence in 2027 . ### Related Stocks - [METCB.US](https://longbridge.com/en/quote/METCB.US.md) ## Related News & Research - [B. Riley Securities Sticks to Their Buy Rating for Ramaco Resources (METC)](https://longbridge.com/en/news/286272680.md) - [Ramaco Resources (METC) Loss Widens To US$18 Million And Tests Bullish Growth Narratives](https://longbridge.com/en/news/286205746.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [GDEV announces results for the first quarter of 2026 | GDEV Stock News](https://longbridge.com/en/news/286909689.md) - [GE Vernova Declares Third Quarter 2026 Dividend | GEV Stock News](https://longbridge.com/en/news/286966387.md)