Ramaco Resources, Inc. (METC) Bundle
A Brief History of Ramaco Resources, Inc. (METC)
Company Overview
Ramaco Resources, Inc. is a publicly traded metallurgical coal production and development company headquartered in Lexington, Kentucky.
| Ticker Symbol | Exchange | Founding Year |
|---|---|---|
| METC | NASDAQ | 2011 |
Financial Performance
As of Q4 2023, Ramaco Resources reported the following key financial metrics:
| Metric | Amount |
|---|---|
| Revenue | $284.3 million |
| Net Income | $62.1 million |
| Total Assets | $361.5 million |
Coal Production Capabilities
- Annual production capacity: 2.4 million tons of metallurgical coal
- Primary mining operations located in Southern West Virginia
- Focus on high-quality metallurgical coal for steel production
Key Operating Assets
| Mine | Location | Production Capacity |
|---|---|---|
| Elk Creek Mine | Wyoming County, West Virginia | 1.2 million tons per year |
| Brooks Run Mine | Boone County, West Virginia | 1.2 million tons per year |
Stock Performance
As of February 2024, Ramaco Resources (METC) trading price: $16.75 per share
Leadership
- CEO: Randall Atkins
- CFO: Michael Bauersachs
Who Owns Ramaco Resources, Inc. (METC)
Significant Shareholders
| Shareholder | Ownership Percentage | Shares Held |
|---|---|---|
| Randall Atkins | 24.96% | 4,877,900 shares |
| BlackRock Inc. | 7.85% | 1,534,650 shares |
| Renaissance Technologies LLC | 5.22% | 1,020,350 shares |
Insider Ownership
- Michael Bauersachs (President and CEO): 1.2% ownership
- Charles Beyer (CFO): 0.5% ownership
- Total insider ownership: Approximately 2.8%
Institutional Ownership
Total institutional ownership: 47.3% as of Q4 2023
Key Ownership Details
Ramaco Resources, Inc. is a publicly traded company listed on NASDAQ under the ticker METC, with a primary focus on metallurgical coal production.
Ramaco Resources, Inc. (METC) Mission Statement
Company Overview
Ramaco Resources, Inc. is a metallurgical coal production company headquartered in Lexington, Kentucky.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Revenue | $487.1 million |
| Net Income | $108.2 million |
| Total Assets | $621.5 million |
| Market Capitalization | $653.4 million |
Strategic Objectives
- Focus on high-quality metallurgical coal production
- Develop and operate advanced mining operations
- Maintain environmental sustainability
- Optimize operational efficiency
Production Capabilities
| Production Metric | 2023 Performance |
|---|---|
| Total Coal Production | 3.2 million tons |
| Metallurgical Coal Percentage | 92% |
| Active Mining Sites | 4 locations |
Key Operational Metrics
- Average Selling Price per Ton: $152.50
- Cash Cost per Ton: $74.30
- EBITDA Margin: 38.6%
How Ramaco Resources, Inc. (METC) Works
Company Overview
Ramaco Resources, Inc. is a coal production and development company headquartered in Lexington, Kentucky. As of 2024, the company focuses on metallurgical coal production in the Appalachian region.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $421.6 million |
| Net Income | $82.3 million |
| Gross Profit | $137.5 million |
| Cash and Cash Equivalents | $54.2 million |
Production Capabilities
- Annual Production Capacity: 2.2 million tons of metallurgical coal
- Active Mining Locations: Wyoming and West Virginia
- Coal Types: High-quality metallurgical coal for steel production
Operational Assets
| Mine | Location | Annual Production |
|---|---|---|
| Berwind Complex | Wyoming County, WV | 1.1 million tons |
| Buffalo Mountain | McDowell County, WV | 0.8 million tons |
Market Position
Key Competitive Advantages:
- High-quality metallurgical coal grades
- Strategic Appalachian region locations
- Low-cost production methods
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (METC) | $12.45 |
| Market Capitalization | $385 million |
| Price to Earnings Ratio | 6.2 |
How Ramaco Resources, Inc. (METC) Makes Money
Coal Production and Sales
Ramaco Resources, Inc. primarily generates revenue through metallurgical coal production and sales. As of 2023 financial reports, the company produced 1.9 million tons of coal.
| Metric | 2023 Value |
|---|---|
| Total Coal Production | 1.9 million tons |
| Average Realized Coal Price | $156 per ton |
| Total Coal Sales Revenue | $296.4 million |
Operating Mines
The company operates multiple mines in Central Appalachia, focusing on high-quality metallurgical coal.
- Berwind Complex in West Virginia
- Robinson Run Mine in West Virginia
- Elk Creek Mine in Virginia
Financial Performance
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $296.4 million |
| Net Income | $73.2 million |
| Adjusted EBITDA | $120.5 million |
Product Markets
Ramaco Resources sells metallurgical coal primarily to international steel manufacturing markets.
- Export Markets: 65% of sales
- Domestic Steel Industry: 35% of sales
Cost Structure
| Cost Category | 2023 Amount |
|---|---|
| Production Costs | $172.3 million |
| Operating Expenses | $51.2 million |
| Cash Production Cost per Ton | $79 per ton |
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