Ramaco - CL

Q2 FY2026 EarningsQ2 FY26 revenue of $144.8M beat the $132.4M consensus, while GAAP EPS of -$0.26 (Class A) was slightly ahead of the -$0.28 expected. Despite soft global metallurgical coal pricing, a 16.7% increase in export volumes and cost-saving measures helped mitigate top-line pressure. However, ongoing development of the Rare Earths segment and high legal expenses led to an operating loss of $18.2M, which was wider than expected as EBITDA also missed the consensus mean.