Ramaco Resources, Inc. (METC) Misses Q3 EPS by 15c
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Ramaco Resources, Inc. Reports Third Quarter 2021 Financial Results
November 2, 2021 4:05 PM EDTLEXINGTON, Ky., Nov. 2, 2021 /PRNewswire/ --
Net income was $7.0 million (EPS of $0.16) and Adjusted EBITDA was $17.8 million for the third quarter of 2021. Adjusted EBITDA was the highest third quarter on record for the Company. 75% of sales in the third quarter of 2021 were to North American customers on lower priced legacy contracts, compared to 48% in the first half of 2021. The Company has largely concluded 2022 North American sales, with 1.7 million tons booked at $196 per short ton FOB mine, compared to 1.4 million tons in 2021 at $89 per ton. This translates to over $325 million in booked... More