Ramaco Resources, Inc. Reports Third Quarter 2020 Financial Results
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Ramaco Resources, Inc. (METC) Misses Q3 EPS by 7c, Revenues Beat
November 3, 2020 4:15 PM ESTRamaco Resources, Inc. (NASDAQ: METC) reported Q3 EPS of ($0.11), $0.07 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $39.5 million versus the consensus estimate of $37.33 million.
Net loss was $4.8 million (EPS loss of $0.11), while adjusted EBITDA was $0.6 million in the third quarter of 2020. Adjusted EBITDA was negatively affected by $2.6 million, primarily due to the force majeure of nearly 90,000 tons scheduled to be shipped domestically and subsequently resold into a lower priced spot market. Net loss was $0.2 million for the first nine months of 2020, and adjusted EBITDA for the first... More