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Ramaco Resources (METC) guidance and outlook
Ramaco Resources (METC) raised some and lowered other parts of its guidance on Nov 3, 2026: Revenue $4.0M–$4.1M for FY2026; Capital expenditures $97.0M–$102M for FY2026. Ramaco Resources' 10-Q filed Nov 3, 2026 makes 13 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | $4.2M | new |
| Revenue | FY2026 | +100% | new |
| Revenue | FY2026 | $4.0M–$4.1M | lowered |
| Capital expenditures | FY2026 | $97.0M–$102M | raised |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 3, 2026
- We are an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and are exploring a coal, rare earth, and other critical minerals project in Wyoming.
- There is no assurance that we will be able to successfully develop the Brook Mine into a commercial scale mine, and there is no certainty that any part of the inferred mineral resources estimated will be converted into higher confidence mineral resources and eventually mineral reserves in the future.
- The Company expects to satisfy approximately 34% of these commitments in 2026 and 66% of these commitments in 2027.
- The Company expects full-year production volumes in 2026 between 3.6 and 3.8 million tons with an ability to vary production dependent on market conditions.
- There is no assurance that we will be able to successfully develop the Brook Mine into a commercial scale mine, and there is no
- The Company currently estimates approximately $25.0 million in additional expenditures for the Brook Mine project in the coming months, consisting primarily of capital expenditures.
- Management will consider these expenditures, together with other operational and economic factors, in evaluating the future scope of the project.
- The remaining increase is attributable to the development of our rare earth element and critical minerals project.
- In addition to this matter, the increase in 2026 was also due to an increase in labor costs of $7.3 million, including stock compensation, with the remaining increase attributable to costs associated with our internal reorganization and the development of our rare earth element and critical minerals project.
- We expect metallurgical coal prices to remain volatile in the near term.
- The Company currently expects to continue declaring dividends on its Class B common stock in the future.
- Our primary use of cash includes capital expenditures for mine development, infrastructure and equipment, ongoing operating expenses, as well as our investment in advancing our rare earth elements and other critical minerals project.
Ramaco Resources' latest quarter
Ramaco Resources, Q3 2026: revenue $150M (+24% year over year), operating margin -14.1%, net loss $18.2M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
Questions
Did Ramaco Resources raise or lower its guidance?
Ramaco Resources (METC) raised some and lowered other parts of its guidance on Nov 3, 2026: Revenue $4.0M–$4.1M for FY2026; Capital expenditures $97.0M–$102M for FY2026.
What does Ramaco Resources expect?
We are an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and are exploring a coal, rare earth, and other critical minerals project in Wyoming. There is no assurance that we will be able to successfully develop the Brook Mine into a commercial scale mine, and there is no certainty that any part of the inferred mineral resources estimated will be converted into higher confidence mineral resources and eventually mineral reserves in the future. The Company expects to satisfy approximately 34% of these commitments in 2026 and
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.