Ramaco Resources Guides 4.1–4.5M Ton Coal Sales, $95–$100/Ton Cash Costs
Ramaco Resources expects coal sales volume of 4.1–4.5 million tons in 2026, with cash costs projected at $95–$100 per ton, and has secured 3.1 million tons of sales commitments covering about 80% of midpoint guidance. The company posted a net loss of $14.7 million and adjusted EBITDA of $8.9 million.
1. Production and Cost Guidance
CEO Randall W. Atkins reaffirmed that Ramaco Resources is on track to increase coal production for the sixth consecutive year, targeting 4.1–4.5 million tons of total coal and 3.7–4.1 million tons of metallurgical coal in 2026, with cash costs forecast to decrease to $95–$100 per ton.
2. Sales Commitments and Pricing
The company has already secured 3.1 million tons of coal sales commitments for 2026, covering roughly 80% of midpoint guidance, including 1.1 million tons to North American customers at an average price of $142 per ton and 2.0 million tons to seaborne buyers.
3. Financial Performance and Asset Development
Ramaco reported a net loss of $14.7 million and adjusted EBITDA of $8.9 million, while advancing its Brook Mine in Wyoming as a domestic source of rare earth elements and critical minerals to complement its high-quality coking coal operations in West Virginia, Virginia and Kentucky.