Ramaco swings to 2Q FY26 net loss of $15.4 million; revenue drops 5% to $144.8 million vs 2Q FY25
METC•Liquidity, buybacks and outlook
Liquidity jumped 358% to $400.1 million; 3.5 million Class A shares were repurchased for about $51 million at an average $14.41.
2026 production guidance was cut to 3.6 million-3.9 million tons; internal modeling for the Brook Project cited potential $8 billion NPV.
Second-quarter results and operating trends
Ramaco posted a net loss of $15.4 million in 2Q 2026, narrowing 10% year over year; Class A diluted EPS was $(0.26).
Revenue fell 5% to $144.8 million; adjusted EBITDA (non-GAAP) slid 37% to $5.7 million.
Cash mine cost per ton sold (non-GAAP) declined 4% to $99; production dropped 7% to 931,000 tons on idled higher-cost output.
